Nordstrom (JWN) Receiving Somewhat Positive Media Coverage, Study Shows
Press coverage about Nordstrom (NYSE:JWN) has trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordstrom earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 47.1791253010834 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Nordstrom Remains A Bright Spot In A Dismal Quarter For Retail (feeds.benzinga.com)
- Nordstrom, Inc. (JWN) Price Target Raised to $47.00 (americanbankingnews.com)
- Why Nordstrom’s (JWN) Earnings Could Surprise In A Tough Retail Environment (nasdaq.com)
- Nordstrom Inc. (JWN) Is Rising After Q2 Earnings Topped Expectations (rttnews.com)
- Nordstrom shares rise after retailer tops views, sales rise (marketwatch.com)
Shares of Nordstrom (NYSE JWN) traded up 0.07% on Friday, hitting $44.90. 6,548,321 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $47.32 and its 200 day moving average price is $45.51. Nordstrom has a 1-year low of $39.53 and a 1-year high of $62.82. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 21.02 and a beta of 0.83.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a return on equity of 69.16% and a net margin of 2.51%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. On average, equities research analysts expect that Nordstrom will post $2.96 earnings per share for the current year.
JWN has been the topic of several research analyst reports. Vetr cut shares of Nordstrom from a “buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research note on Monday, May 29th. Piper Jaffray Companies set a $42.00 target price on shares of Nordstrom and gave the company a “hold” rating in a research note on Saturday, May 13th. 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. Robert W. Baird set a $50.00 target price on shares of Nordstrom and gave the company a “hold” rating in a research note on Saturday, May 13th. Finally, ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.34.
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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