Analyst's mean target price for ASM is $2.93 while analysts mean recommendation is 2.00.
A number of brokerages have recently commented on JWN. Piper Jaffray has "Hold" rating and $4200 target. Robert W. Baird set a $50.00 target price on Nordstrom and gave the stock a "hold" rating in a research report on Saturday, May 13th. Vetr cut Nordstrom from a "buy" rating to a "hold" rating and set a $43.99 target price on the stock.in a report on Monday, May 29th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company's stock.
Nordstrom (JWN) traded down 0.45% during mid-day trading on Monday, reaching $44.67. 2,721,873 shares of the company's stock were exchanged. The stock's 52-week range is $39.53 to $62.82. The company has market cap of $7.30 billion.
It is now trading at $44.87 well below $47.43, the stock's 50 day moving average and marginally under the 200 day moving average of $45.51.
Nordstrom Inc. (JWN) has a market capitalization of 7.45 Billion which suggests the company is a huge company further suggesting that the shares of Nordstrom Inc. 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. Shares for $69,319 were sold by NORDSTROM PETER E on Friday, February 24. The business's quarterly revenue was up 3.5% compared to the same quarter a year ago. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for EXC and estimated EPS for next quarter is $ 0.89. In the latest earnings report the EPS was $2.14 and is projected to be $2.96 for the current year with 166,052,000 shares presently outstanding.More news: U.S. drone strikes in Somalia hit al-Shabaab fighters
TRADEMARK VIOLATION WARNING: "Nordstrom, Inc". (NYSE:JWN) has "Market Perform" rating given on Friday, November 11 by Telsey Advisory Group. If you are accessing this news story on another domain, it was stolen and republished in violation of United States and worldwide trademark & copyright law. The original version of this article can be read at https://www.com-unik.info/2017/08/10/world-asset-management-inc-lowers-stake-in-nordstrom-inc-nysejwn.html.
Several other institutional investors also recently made changes to their positions in JWN. It also increased its holding in Procter & Gamble Co (NYSE:PG) by 36,970 shares in the quarter, for a total of 469,919 shares, and has risen its stake in Vanguard Value Vipers (Vtv) (VTV). State of Tennessee Treasury Department now owns 276,712 shares of the specialty retailer's stock worth $13,235,000 after buying an additional 175,590 shares in the last quarter. (NYSE:JWN). Ranger Inv Management LP has invested 0.02% in Nordstrom, Inc. Ledyard National Bank now owns 2,362 shares of the specialty retailer's stock valued at $110,000 after buying an additional 1,758 shares during the period.
Dean Investment Associates Llc increased Dillards Inc (NYSE:DDS) stake by 9,505 shares to 53,505 valued at $3.35M in 2016Q4. Principal Financial Group Inc. raised its position in shares of Nordstrom by 168.7% in the second quarter. Teachers Advisors, LLC claims 221,548 shares worth $10,597,000. Parametric Portfolio Limited Liability invested in 425,561 shares or 0.03% of the stock.
Nordstrom, Inc., launched on September 28, 1946, is a fashion specialty retailer in the United States.