Nordstrom, Mulling Take-Private, Reports Strong Second-Quarter Earnings

Nordstrom, Inc. - JWN - Stock Price Today - Zacks

Nordstrom, Mulling Take-Private, Reports Strong Second-Quarter Earnings

A number of other research firms also recently commented on JWN. They presently have a $41.54 price objective on the specialty retailer's stock. The average 12-month target price among analysts that have covered the stock in the a year ago is $46.48.

In addition to Wolfe Research reporting its target price, a total of 26 firms have reported on the stock. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. The stock now has an average rating of "Hold" and a consensus price target of $47.34.

Shares traded down up about 2% in Thursday's after-hours session, at $45.46, after closing at $44.87, down 4.2% for the day. Moreover, Princeton Capital Management Inc has 0.06% invested in the company for 40,170 shares.

Nordstrom slightly raised its full-year earnings forecast to $2.85-$3 per share from $2.75 - $3 per share, and said it now expected net sales for the year to increase about 4% instead of 3% - 4%. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 20.96 and a beta of 0.83. The 50 day moving average went down $-2.56 or -5.39% and the 200 day average was down $-0.64.

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Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, August 10th. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter past year, the firm posted $0.67 EPS. The current share price indicates that stock is -2.78% away from its one year high and is moving 26.43% ahead of its 52-week low. While looking the figure depicted by the Price to Earning we can suggest that the shares of Nordstrom Inc. "(JWN) Price Target Raised to $47.00" was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was stolen and reposted in violation of USA and worldwide trademark & copyright law. The legal version of this story can be viewed at https://weekherald.com/2017/08/11/brokerages-set-nordstrom-inc-jwn-target-price-at-46-17-updated-updated.html. Gemmer Asset Limited Liability invested 0.05% of its portfolio in Nordstrom, Inc. The specialty retailer reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Nordstrom by 32.2% in the first quarter. 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.

PGGM Investments decreased its position in shares of Nordstrom, Inc. Smith Asset Management Group LP's holdings in Nordstrom were worth $22,348,000 at the end of the most recent quarter. Morgan Stanley increased its position in shares of Nordstrom by 9.8% in the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer's stock worth $104,000 after buying an additional 236 shares during the period. First Trust Advisors LP boosted its stake in Nordstrom by 72.8% in the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer's stock worth $131,000 after buying an additional 2,778 shares during the last quarter.

Several institutional investors have recently made changes to their positions in the company. The Company's segments include Retail and Credit. As of January 28, 2017, the Company operated approximately three Nordstrom full-line stores, including two in Canada, and 21 Nordstrom Rack stores.

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