Nordstrom (JWN) Rating Reiterated by Robert W. Baird
JWN has been the subject of a number of other research reports. Piper Jaffray Companies set a $48.00 price objective on Nordstrom and gave the company a hold rating in a research report on Thursday. Royal Bank of Canada set a $49.00 price objective on Nordstrom and gave the company a hold rating in a research report on Friday. UBS Group reduced their price objective on Nordstrom from $46.00 to $43.00 and set a neutral rating for the company in a research report on Friday, November 10th. Cowen restated a buy rating and set a $50.00 price objective on shares of Nordstrom in a research report on Friday, November 10th. Finally, BMO Capital Markets set a $44.00 price objective on Nordstrom and gave the company a hold rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. Nordstrom presently has an average rating of Hold and an average target price of $48.55.
Nordstrom (NYSE:JWN) opened at $53.04 on Friday. The company has a market capitalization of $8,840.00, a P/E ratio of 18.35, a PEG ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30. Nordstrom has a 12-month low of $37.79 and a 12-month high of $54.00.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.79%. Nordstrom’s dividend payout ratio (DPR) is presently 51.21%.
Hedge funds have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA boosted its position in Nordstrom by 1,752.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 2,190 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Nordstrom during the 4th quarter worth $115,000. Cerebellum GP LLC acquired a new position in Nordstrom during the 4th quarter worth $131,000. Calton & Associates Inc. acquired a new position in Nordstrom during the 4th quarter worth $153,000. Finally, Tiedemann Wealth Management LLC boosted its position in Nordstrom by 15.4% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 1,418 shares during the period. Institutional investors own 57.38% of the company’s stock.
Nordstrom Company Profile
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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