Shares of Nordstrom, Inc. (NYSE:JWN) have earned an average recommendation of “Hold” from the twenty-two analysts that are covering the company, Market Beat.com reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $65.54.
In related news, Director Philip G. Satre bought 17,600 shares of Nordstrom stock in a transaction dated Monday, November 23rd. The stock was purchased at an average cost of $56.89 per share, with a total value of $1,001,264.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently bought a new position in Nordstrom stock. Ken Stern & Associates purchased a new stake in shares of Nordstrom, Inc. (NYSE:JWN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,214 shares of the company’s stock, valued at approximately $374,000.
Several research analysts have recently issued reports on the stock. TheStreet downgraded shares of Nordstrom to a “hold” rating in a report on Monday. Credit Suisse lowered their price target on shares of Nordstrom from $75.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, November 13th. Nomura lowered their price target on shares of Nordstrom from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 13th. Barclays lowered their price target on shares of Nordstrom from $68.00 to $45.00 and set an “underweight” rating for the company in a report on Friday, November 13th. Finally, Sterne Agee CRT lowered their price target on shares of Nordstrom to $50.00 and set a “neutral” rating for the company in a report on Friday, November 13th.
Shares of Nordstrom (NYSE:JWN) traded down 0.331% during mid-day trading on Monday, reaching $49.645. The company had a trading volume of 617,641 shares. The firm has a market capitalization of $9.13 billion and a price-to-earnings ratio of 14.221. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $68.59. Nordstrom has a one year low of $48.71 and a one year high of $83.16.
Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.30. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the business earned $0.73 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Nordstrom will post $3.40 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, November 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.97%.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.