Nordstrom’s (JWN) Neutral Rating Reaffirmed at Robert W. Baird
Nordstrom (NYSE:JWN)‘s stock had its “neutral” rating reiterated by stock analysts at Robert W. Baird in a note issued to investors on Friday.
A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada set a $49.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Friday. Piper Jaffray Companies set a $48.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Thursday. William Blair cut Nordstrom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, January 15th. Finally, BMO Capital Markets set a $50.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. Nordstrom has a consensus rating of “Hold” and a consensus target price of $48.55.
Nordstrom (NYSE:JWN) opened at $53.04 on Friday. Nordstrom has a 52 week low of $37.79 and a 52 week high of $54.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. The stock has a market capitalization of $8,409.08, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.66 and a beta of 0.81.
Institutional investors have recently modified their holdings of the company. San Francisco Sentry Investment Group CA lifted its holdings in shares of Nordstrom by 1,752.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 2,190 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Nordstrom in the fourth quarter valued at about $115,000. Cerebellum GP LLC bought a new stake in Nordstrom during the fourth quarter worth about $131,000. Calton & Associates Inc. bought a new stake in Nordstrom during the fourth quarter worth about $153,000. Finally, Tiedemann Wealth Management LLC raised its holdings in Nordstrom by 15.4% during the third quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 1,418 shares in the last quarter. Institutional investors own 57.38% of the company’s stock.
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Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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