Published On: Fri, Sep 16th, 2016

Analysts’ Recent Ratings Changes for Nordstrom (JWN)

Several analysts have recently updated their ratings and price targets for Nordstrom (NYSE: JWN):

9/13/2016 – Nordstrom had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $58.00 price target on the stock.
9/6/2016 – Nordstrom was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.00 price target on the stock.
8/31/2016 – Nordstrom was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $46.00 price target on the stock.
8/29/2016 – Nordstrom had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock.
8/25/2016 – Nordstrom was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $46.00 price target on the stock.
8/15/2016 – Nordstrom was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $47.33 price target on the stock.
8/15/2016 – Nordstrom had its price target raised by analysts at Royal Bank Of Canada from $38.00 to $47.00. They now have a “sector perform” rating on the stock.
8/15/2016 – Nordstrom had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $36.00 price target on the stock, up previously from $34.00.
8/15/2016 – Nordstrom had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $47.00 price target on the stock, up previously from $38.00.
8/13/2016 – Nordstrom had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock, up previously from $48.00.
8/12/2016 – Nordstrom had its price target raised by analysts at Telsey Advisory Group from $40.00 to $53.00. They now have a “market perform” rating on the stock.
8/12/2016 – Nordstrom had its price target raised by analysts at Stifel Nicolaus from $44.00 to $58.00. They now have a “buy” rating on the stock.
8/12/2016 – Nordstrom had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $40.00 price target on the stock.
8/12/2016 – Nordstrom had its price target raised by analysts at Citigroup Inc. from $40.00 to $50.00. They now have a “neutral” rating on the stock.
8/12/2016 – Nordstrom had its price target raised by analysts at Deutsche Bank AG from $47.00 to $57.00. They now have a “buy” rating on the stock.
8/12/2016 – Nordstrom had its price target raised by analysts at Goldman Sachs Group Inc. from $39.00 to $44.00. They now have a “neutral” rating on the stock.
8/12/2016 – Nordstrom had its “sell” rating reaffirmed by analysts at Bank of America Corp.. They now have a $34.00 price target on the stock.
8/10/2016 – Nordstrom had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $56.00 price target on the stock, up previously from $53.00.
8/8/2016 – Nordstrom was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $45.38 price target on the stock.
8/1/2016 – Nordstrom had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $39.00 price target on the stock.
8/1/2016 – Nordstrom was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $45.38 price target on the stock.
7/26/2016 – Nordstrom was upgraded by analysts at Piper Jaffray Cos. from a “neutral” rating to an “overweight” rating. They now have a $53.00 price target on the stock, up previously from $45.00.
7/26/2016 – Nordstrom was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $48.00 price target on the stock. According to Zacks, “Nordstrom, with its strong brand image, amendments to operating model to generate cost savings, and continuous store expansion, is well positioned to deliver on its long term goals. We believe the company’s strategic investments should help expand its market share. We also appreciate Nordstrom’s move of boosting capital efficiency through the sale of its credit card portfolio and using the proceeds to lower debt and reward shareholders. However, the company’s presence in the consumer-driven apparel space, keeps it exposed to the risks of changing tastes, preferences and spending behavior of consumers. Also, stiff competition from other players remains a threat to margins. Moreover, a shift of the company’s Anniversary sale event is expected to dent its second-quarter comps. Evidently, estimates have also been going down ahead of Nordstrom’s second quarter earnings release.”
7/26/2016 – Nordstrom was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $47.50 price target on the stock.
7/25/2016 – Nordstrom was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $43.19 price target on the stock.

Nordstrom Inc. (NYSE:JWN) traded up 4.63% during trading on Thursday, hitting $51.70. The stock had a trading volume of 5,178,833 shares. The stock has a 50-day moving average price of $48.64 and a 200-day moving average price of $46.90. The company has a market cap of $8.97 billion, a PE ratio of 22.03 and a beta of 0.93. Nordstrom Inc. has a 52 week low of $35.01 and a 52 week high of $75.67.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. Nordstrom had a net margin of 2.95% and a return on equity of 47.22%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Equities analysts predict that Nordstrom Inc. will post $2.73 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 29th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, August 25th. Nordstrom’s payout ratio is 62.98%.
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.

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