Nordstrom, Inc. (NYSE:JWN)‘s stock had its “hold” rating reaffirmed by Robert W. Baird in a research report issued on Wednesday. They currently have a $50.00 target price on the specialty retailer’s stock. Robert W. Baird’s target price would suggest a potential upside of 27.06% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Vetr downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, August 10th. Wolfe Research lifted their price objective on shares of Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $42.00 price objective on shares of Nordstrom and gave the company a “hold” rating in a research report on Monday, July 17th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $52.00 price objective on shares of Nordstrom in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.41.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, beating 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 company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “Nordstrom, Inc. (JWN) Rating Reiterated by Robert W. Baird” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/nordstrom-inc-jwn-rating-reiterated-by-robert-w-baird/1675367.html.

Several large investors have recently modified their holdings of JWN. Gemmer Asset Management LLC raised its position in shares of Nordstrom by 0.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 18 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 942 shares in the last quarter. Sei Investments Co. raised its position in shares of Nordstrom by 32.0% in the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 771 shares in the last quarter. Mosaic Family Wealth LLC raised its position in shares of Nordstrom by 8.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock valued at $153,000 after buying an additional 242 shares in the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of Nordstrom in the 2nd quarter valued at approximately $156,000. Institutional investors own 63.06% 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)

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