Nordstrom Inc (JWN.N) reported better-than-expected quarterly same-store sales on Thursday as more people shopped at the apparel retailer's online stores, sending shares up 2.5 per cent after the bell.
Several research analysts have weighed in on the company. The average 12-month target price among analysts that have covered the stock in the past year is $46.48.
Several brokerages recently commented on JWN. Dean Investment Associates Llc sold 81,121 shares as Nordstrom Inc (JWN)'s stock declined 10.77%. Baird set a $50.00 price target on shares of Nordstrom and gave the company a "hold" rating in a report on Saturday, May 13th.
PGGM Investments reduced its position in shares of Nordstrom, Inc. They set an "accumulate" rating and a $54.00 price objective on the stock. Guggenheim initiated the stock with "Buy" rating in Tuesday, November 10 report.
Nordstrom (NYSE:JWN) traded down 0.09% during mid-day trading on Wednesday, hitting $46.81.
Shares rose 2.3% to $45.92 in after-hours trading Thursday. The firm has a 50-day moving average price of $47.39 and a 200-day moving average price of $45.51. The company has a market cap of $7.47 billion, a P/E ratio of 21.06 and a beta of 0.83. The current share price indicates that stock is -2.78% away from its one year high and is moving 26.43% ahead of its 52-week low.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. Net sales of $3.79 billion, up about 3.5% year-over-year, topped the consensus estimate of $3.79 billion; same-store sales rose 1.7% during the same period. Return on Equity (ROE) stands at 44.4% and Return on Investment (ROI) of 13 percent. The company's a year ago sales total was 3.65 Million. During the same quarter past year, the firm posted $0.67 EPS. Four analysts surveyed by Zacks expected $3.73 billion. Nordstrom Inc now has $7.78B valuation.
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Previously on 07/17/2017, Vetr Inc. released a statement about Nordstrom (NYSE:JWN) increased the target price from $0.00 to $41.54. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer's stock valued at $105,000 after buying an additional 18 shares during the last quarter. Teachers Advisors, LLC bolstered its investment by buying 16,794 shares an increase of 8.2% in the quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Nordstrom by 19.8% in the second quarter. Moreover, Princeton Capital Management Inc has 0.06% invested in the company for 40,170 shares. First Trust Advisors LP now owns 264,500 shares of the specialty retailer's stock valued at $12,318,000 after buying an additional 111,458 shares in the last quarter. Ledyard National Bank boosted its stake in Nordstrom by 291.1% in the first quarter. Rosenbaum Jay D. now owns 5,905 shares of the specialty retailer's stock worth $275,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 64.36% of the company's stock. The firm now has an "outperform" rating on the specialty retailer's stock. The Company's divisions include Retail and Credit. Arizona State Retirement has invested 0.03% of its portfolio in Nordstrom, Inc.