Nordstrom (JWN) Given a $48.00 Price Target at Piper Jaffray Companies
JWN has been the topic of a number of other reports. UBS Group dropped their price target on Nordstrom from $46.00 to $43.00 and set a neutral rating on the stock in a research note on Friday, November 10th. BMO Capital Markets set a $50.00 price target on Nordstrom and gave the stock a hold rating in a research note on Friday, January 12th. Robert W. Baird reissued a hold rating and set a $50.00 price objective on shares of Nordstrom in a report on Wednesday, November 1st. Zacks Investment Research raised Nordstrom from a hold rating to a buy rating and set a $56.00 price objective for the company in a report on Monday, January 15th. Finally, Cowen reissued a buy rating and set a $50.00 price objective on shares of Nordstrom in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Nordstrom currently has a consensus rating of Hold and an average target price of $48.55.
Nordstrom (NYSE JWN) opened at $53.04 on Thursday. Nordstrom has a 52 week low of $37.79 and a 52 week high of $54.00. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. The firm has a market capitalization of $8,840.00, a P/E ratio of 18.35, a P/E/G ratio of 2.79 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, March 2nd. Nordstrom’s dividend payout ratio is presently 51.21%.
Hedge funds have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA grew its holdings in shares of Nordstrom by 1,752.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 2,190 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Nordstrom in the fourth quarter valued at approximately $115,000. Cerebellum GP LLC bought a new position in shares of Nordstrom in the fourth quarter valued at approximately $131,000. Calton & Associates Inc. bought a new position in shares of Nordstrom in the fourth quarter valued at approximately $153,000. Finally, Investors Research Corp bought a new position in shares of Nordstrom in the fourth quarter valued at approximately $230,000. 57.38% of the stock is owned by institutional investors.
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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.
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