KeyCorp set a $55.00 price target on Nordstrom, Inc. (NYSE:JWN) in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other equities research analysts also recently commented on JWN. Wolfe Research lifted their target price on shares of Nordstrom from $45.00 to $47.00 and gave the stock an outperform rating in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a hold rating and issued a $45.00 target price on shares of Nordstrom in a research report on Thursday, October 5th. BidaskClub downgraded shares of Nordstrom from a buy rating to a hold rating in a research report on Saturday, August 12th. Credit Suisse Group reaffirmed a buy rating and issued a $52.00 target price on shares of Nordstrom in a research report on Thursday, August 10th. Finally, Cowen and Company reaffirmed a buy rating and issued a $49.00 target price on shares of Nordstrom in a research report on Friday, August 11th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $47.77.

Nordstrom (NYSE:JWN) opened at 42.65 on Wednesday. Nordstrom has a 12-month low of $39.53 and a 12-month high of $62.82. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 20.20 and a beta of 0.85. The stock has a 50 day moving average price of $45.50 and a 200 day moving average price of $45.79.

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, analysts expect that Nordstrom will post $2.98 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in JWN. Parallel Advisors LLC lifted its stake in Nordstrom by 12.7% in the 1st quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 236 shares in the last quarter. Gemmer Asset Management LLC lifted its stake in Nordstrom by 0.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 18 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 942 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Nordstrom by 6,460.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 2,778 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Nordstrom by 32.0% in the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 771 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

About Nordstrom

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.

Analyst Recommendations for Nordstrom (NYSE:JWN)

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