BMO Capital Markets Analysts Give Nordstrom (JWN) a $50.00 Price Target

BMO Capital Markets set a $50.00 price objective on Nordstrom (NYSE:JWN) in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other brokerages also recently issued reports on JWN. Piper Jaffray Companies set a $45.00 target price on Nordstrom and gave the stock a hold rating in a research note on Wednesday, January 10th. Zacks Investment Research raised Nordstrom from a sell rating to a hold rating in a research note on Wednesday, December 27th. KeyCorp reiterated an overweight rating and set a $55.00 price target on shares of Nordstrom in a report on Thursday, September 14th. Robert W. Baird set a $49.00 price target on Nordstrom and gave the stock a hold rating in a report on Friday, December 22nd. Finally, ValuEngine cut Nordstrom from a buy rating to a hold rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. Nordstrom presently has a consensus rating of Hold and a consensus price target of $47.11.

Shares of Nordstrom (NYSE:JWN) traded up $1.73 on Friday, hitting $51.82. The company’s stock had a trading volume of 5,201,300 shares, compared to its average volume of 2,578,144. Nordstrom has a twelve month low of $37.79 and a twelve month high of $53.00. The firm has a market cap of $8,630.00, a P/E ratio of 18.18, a PEG ratio of 2.90 and a beta of 0.89. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14.

Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $0.84 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. equities analysts expect that Nordstrom will post 2.98 EPS for the current year.

A number of institutional investors have recently made changes to their positions in JWN. Pacer Advisors Inc. boosted its holdings in Nordstrom by 15.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,053 shares of the specialty retailer’s stock valued at $242,000 after acquiring an additional 659 shares during the period. LSV Asset Management purchased a new position in Nordstrom during the 2nd quarter valued at about $559,000. Franklin Resources Inc. boosted its holdings in Nordstrom by 245.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,064,584 shares of the specialty retailer’s stock valued at $50,919,000 after acquiring an additional 756,061 shares during the period. Aberdeen Asset Management PLC UK boosted its holdings in Nordstrom by 32.0% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 49,107 shares of the specialty retailer’s stock valued at $2,349,000 after acquiring an additional 11,899 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Nordstrom by 10.3% during the 2nd quarter. Stephens Inc. AR now owns 7,525 shares of the specialty retailer’s stock valued at $360,000 after acquiring an additional 700 shares during the period. Institutional investors own 57.70% of the company’s stock.

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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.

Analyst Recommendations for Nordstrom (NYSE:JWN)

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