Impact of Brokerage Rating on Nordstrom, Inc.(JWN)

Many Nordstrom, Inc.(JWN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Nordstrom was Initiated by Susquehanna on Feb 10, 2017 to Neutral, Price Target of the shares are set at $47.Nordstrom was Downgraded by Goldman to Sell on Feb 2, 2017. Nordstrom was Upgraded by Credit Suisse to Outperform on Jan 18, 2017. Nordstrom was Downgraded by Stifel on Jan 17, 2017 to Hold, Lowers Price Target to $ 40 from a previous price target of $62 .

Company has reported several Insider transactions to the SEC, on Dec 29, 2016, Daniel F Little (Executive Vice President) sold 5,400 shares at 59.00 per share price.On Dec 15, 2016, Geevy Sk Thomas (Executive Vice President) sold 59,195 shares at 58.19 per share price.On Dec 15, 2016, Michael G Koppel (Executive Vice President) sold 87,257 shares at 58.34 per share price.

Nordstrom Last issued its quarterly earnings results on Nov 10, 2016. The company reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.32. Analyst had a consensus of $0.52. The company had revenue of $3472.00 million for the quarter, compared to analysts expectations of $3431.53 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Nordstrom, Inc. (NYSE:JWN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.94 by 18 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold. 4 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Nordstrom, Inc. (NYSE:JWN): According to 11 Analysts, The short term target price has been estimated at $ 51.55.The target price could deviate by a maximum of $10.63 from the forecast price. In the near term, the target price could hit a high of $68 and a low of $ 38.

Nordstrom, Inc. (NYSE:JWN) rose 2.43% or 1.08 points on Tuesday and made its way into the gainers of the day. After trading began at $44.31 the stock was seen hitting $45.8 as a peak level and $44.31 as the lowest level. The stock ended up at $45.44. The daily volume was measured at 2,551,459 shares. The 52-week high of the share price is $62.82 and the 52-week low is $35.01. The company has a market cap of $7,877 million.

Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs. (Company Press Release)

Nordstrom,

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