Economy

Nordstrom's (JWN) "Outperform" Rating Reaffirmed at Cowen and Company

Nordstrom's (JWN)

During the same period in the previous year, the company posted $0.67 earnings per share.

Several other brokerages have also commented on JWN. LLC boosted its holdings in shares of Nordstrom by 0.9% during the 2nd quarter. Finally, Bank of New York Mellon Corp increased its stake in Nordstrom by 5.6% in the second quarter. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer's stock worth $109,000 after buying an additional 18 shares in the last quarter.

05/12/2017 - Nordstrom, Inc. had its "buy" rating reiterated by analysts at Maxim Group. Cowen and Company reissued an outperform rating and set a $49.00 target price on shares of Nordstrom in a research note on Friday, June 9th. FineMark National Bank & Trust boosted its holdings in shares of Nordstrom by 2.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 3,354,037 shares of the specialty retailer's stock valued at $156,198,000 after purchasing an additional 816,498 shares during the last quarter.

Nordstrom Inc (NYSE:JWN) shares rose further in premarket trade on news that the company is moving towards going private. Hedge funds and other institutional investors own 63.71% of the company's stock. But the real reason Nordstrom stands out is because it has a high chance of being able to continue to pay dividend at this level for years to come, something that is quite desirable if you are looking to create a portfolio that generates a steady stream of income. Many eyes of traders and investors will be on this stock at the open to see if the market feels that the shares should be higher priced or lower-priced.

The company was quick to spot shoppers shifting to off-price retailers like TJ Maxx and Marshall's and put its efforts behind Nordstrom Rack, its own take on the category. The firm has a 50-day moving average price of $46.19 and a 200 day moving average price of $50.50.

Nordstrom, Inc. (NYSE:JWN) has a beta of 0.81, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. (NYSE:JWN) in a research note published on Tuesday. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.32. Over the past 10 years it has returned an average of 2.17% per year. The business's revenue for the quarter was up 3.5% on a year-over-year basis. 135,262 were reported by Hsbc Public Limited Company. Additionally Nordstrom, Inc. recently declared a dividend for shareholders that was paid on Tuesday September 12th, 2017. (JWN) in trading session dated April. 03, 2017. This dividend represents a yeild of $3.21 which is the dividend as a percentage of the current share price. (NYSE:JWN). Stephens Ar has 6,882 shares. (NYSE:DDS) to report $ 0.34 EPS and has got OUTPERFORM rating from 0 of Thomson Reuters analysts and 2 analyst (s) given UNDERPERFORM rating.

08/11/2017 - Nordstrom, Inc. had its "outperform" rating reiterated by analysts at Wolfe Research.

Gordon Haskett has downgraded Nordstrom (NYSE:JWN) from Accumulate to Hold in a report released on 9/13/2017. The stock presently has an average rating of Hold and a consensus price target of $48.10. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. They now have a United States dollars 55 price target on the stock. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer's stock worth $455,000 after buying an additional 140 shares in the last quarter. As per Friday, July 24, the company rating was maintained by Credit Suisse. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business through Nordstrom.com, Nordstromrack.com/HauteLook and TrunkClub.com.

The Credit segment provides access to various payment products and services, including a Nordstrom-branded private label card, two Nordstrom-branded Visa credit cards, and a debit card.



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