Economy

Are Analysts Bullish about Nordstrom, Inc

Are Analysts Bullish about Nordstrom, Inc”

(NYSE:JWN) by 51.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,074 shares of the specialty retailer's stock after selling 414,137 shares during the quarter. Piper Jaffray Companies set a $42.00 price objective on shares of Nordstrom and gave the company a "hold" rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Nordstrom from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 28th.

The company is trading up by 0.14% percent from yesterday's close.

Among 20 analysts covering Eli Lilly and Company (NYSE:LLY), 12 have Buy rating, 1 Sell and 7 Hold. Nordstrom presently has a consensus rating of Hold and an average target price of $47.77. (NYSE:JWN) were released by: "Latimes.com and their article: "Nordstrom's newest store aims for a personal touch â€" and no clothing racks" published on October 07, 2017 as well as Detroitnews.com's news article titled: "Nordstrom's newest store lacks clothing racks" with publication date: "October 13, 2017. The company has a market capitalization of $7.09 billion, a P/E ratio of 20.20 and a beta of 0.85. The stock has a 50-day moving average price of $45.50 and a 200-day moving average price of $45.81. Nordstrom has a 1-year low of $39.53 and a 1-year high of $62.82. The value of the total investment in Nordstrom, Inc. went from $483,000 to $438,000 a change of 9.3% since the last quarter. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the prior year, the business earned $0.67 EPS. Next quarter's EPS is estimated at $1.31 and the next full year EPS is anticipated to be $3.04. On average, equities analysts predict that Nordstrom will post $2.98 EPS for the current year. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and worldwide copyright and trademark laws. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and global copyright law. The original version of this article can be read at https://baseballnewssource.com/markets/keycorp-analysts-give-nordstrom-inc-jwn-a-55-00-price-target/1708672.html.

A number of other large investors have also modified their holdings of JWN. Bartlett & Communication Llc has 0% invested in Nordstrom, Inc. Gemmer Asset Management LLC now owns 2,270 shares of the specialty retailer's stock worth $109,000 after acquiring an additional 18 shares during the last quarter. NEXT Financial Group Inc raised its stake in Nordstrom by 55.4% during the 2nd quarter. Following the sale, the insider now owns 76,371 shares of the company's stock, valued at $3,590,200.71. Ameritas Investment Partners Inc. raised its stake in Nordstrom by 6,460.5% during the 1st quarter.

Cascade Investment Advisors, Inc. says it bought 175 shares in the previous quarter increasing its holdings in Nordstrom, Inc.by 0.5%.

Gateway Investment Advisers Llc increased its stake in Lilly Eli & Co (LLY) by 2.99% based on its latest 2017Q2 regulatory filing with the SEC. UBS Asset Management Americas Inc. now owns 600,007 shares of the specialty retailer's stock worth $27,942,000 after purchasing an additional 70,544 shares in the last quarter.



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