Nordstrom, Inc. (NYSE:JWN)‘s stock had its “hold” rating restated by research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday. They presently have a $45.00 target price on the specialty retailer’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 1.56% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. UBS AG downgraded shares of Nordstrom from a “buy” rating to a “neutral” rating and cut their target price for the stock from $51.00 to $46.00 in a research note on Friday, June 9th. Vetr downgraded shares of Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 target price on the stock. in a research note on Wednesday, July 5th. Robert W. Baird set a $50.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research note on Saturday, August 12th. Guggenheim reaffirmed a “neutral” rating on shares of Nordstrom in a research note on Friday, June 9th. Finally, Zacks Investment Research raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.77.

Nordstrom (NYSE JWN) opened at 44.31 on Thursday. The stock’s 50 day moving average is $45.67 and its 200-day moving average is $45.75. The company has a market capitalization of $7.37 billion, a P/E ratio of 20.99 and a beta of 0.85. Nordstrom has a 1-year low of $39.53 and a 1-year high of $62.82.

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

TRADEMARK VIOLATION WARNING: “Nordstrom, Inc. (JWN) Stock Rating Reaffirmed by Royal Bank Of Canada” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/nordstrom-inc-jwn-stock-rating-reaffirmed-by-royal-bank-of-canada-2/1614757.html.

A number of large investors have recently modified their holdings of the stock. Gemmer Asset Management LLC boosted its stake in Nordstrom by 0.8% during 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 during the period. Global X Management Co. LLC boosted its stake in Nordstrom by 0.9% during the 2nd quarter. Global X Management Co. LLC now owns 6,587 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 59 shares during the period. FineMark National Bank & Trust boosted its stake in Nordstrom by 2.1% during the 2nd quarter. FineMark National Bank & Trust now owns 6,156 shares of the specialty retailer’s stock worth $294,000 after purchasing an additional 128 shares during the period. State of Alaska Department of Revenue boosted its stake in Nordstrom by 1.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer’s stock worth $455,000 after purchasing an additional 140 shares during the period. Finally, Synovus Financial Corp boosted its stake in Nordstrom by 1.7% during the 2nd quarter. Synovus Financial Corp now owns 8,760 shares of the specialty retailer’s stock worth $423,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 63.14% 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.