Nordstrom, Inc. (NYSE:JWN) has received an average rating of “Hold” from the twenty-three analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.06.

A number of research analysts recently issued reports on JWN shares. Credit Suisse Group cut their price target on Nordstrom from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. JPMorgan Chase & Co. cut their price target on Nordstrom from $40.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, May 22nd. Wedbush reiterated a “positive” rating and issued a $24.00 price objective (down from $35.00) on shares of Nordstrom in a research report on Thursday. Citigroup lowered their price objective on Nordstrom from $48.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group lowered Nordstrom from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $37.00 to $30.00 in a research report on Thursday, June 27th.

In related news, insider Peter E. Nordstrom sold 3,380 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $32.46, for a total value of $109,714.80. Following the completion of the transaction, the insider now directly owns 2,530,989 shares in the company, valued at approximately $82,155,902.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christine Deputy sold 4,812 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $32.59, for a total value of $156,823.08. Following the completion of the sale, the insider now owns 60,056 shares in the company, valued at approximately $1,957,225.04. The disclosure for this sale can be found here. 5.21% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Nordstrom by 4.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,679,988 shares of the specialty retailer’s stock worth $241,535,000 after purchasing an additional 340,606 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Nordstrom by 1,093.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,383,907 shares of the specialty retailer’s stock valued at $75,951,000 after buying an additional 2,184,167 shares in the last quarter. Schroder Investment Management Group grew its holdings in Nordstrom by 50.3% in the 2nd quarter. Schroder Investment Management Group now owns 2,072,022 shares of the specialty retailer’s stock valued at $66,015,000 after buying an additional 693,633 shares in the last quarter. Northern Trust Corp grew its holdings in Nordstrom by 0.6% in the 2nd quarter. Northern Trust Corp now owns 1,663,234 shares of the specialty retailer’s stock valued at $52,990,000 after buying an additional 9,433 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Nordstrom by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 1,650,673 shares of the specialty retailer’s stock valued at $76,815,000 after buying an additional 80,459 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

Shares of Nordstrom stock traded down $0.91 during trading on Friday, reaching $25.11. The company’s stock had a trading volume of 198,914 shares, compared to its average volume of 4,541,239. The stock has a 50-day moving average of $30.55. The company has a debt-to-equity ratio of 6.34, a current ratio of 0.76 and a quick ratio of 0.24. Nordstrom has a one year low of $25.88 and a one year high of $67.75. The firm has a market capitalization of $4.42 billion, a PE ratio of 7.07, a P/E/G ratio of 1.44 and a beta of 0.66.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, May 21st. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.20). Nordstrom had a net margin of 3.27% and a return on equity of 58.16%. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts forecast that Nordstrom will post 3.31 EPS for the current fiscal year.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

See Also: Why is the price target of stocks important?

Analyst Recommendations for Nordstrom (NYSE:JWN)

Receive News & Ratings for Nordstrom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom and related companies with MarketBeat.com's FREE daily email newsletter.