Published: Thu, March 02, 2017
Economy | By Melissa Porter

Nordstrom's (JWN) "Neutral" Rating Reaffirmed at Robert W. Baird

Nordstrom's (JWN)

(NYSE:JWN), according to U.S. Securities and Exchange Commission (SEC) filings.

Over 12 months Nordstrom, Inc.'s share price has increased from 0.00 to 46.09, a change of 0%.

Several other brokerages have also recently issued reports on JWN. Gemmer Asset Management LLC increased its stake in shares of Nordstrom by 1.2% in the third quarter. Gemmer Asset Management LLC now owns 2,219 shares of the company's stock valued at $115,000 after buying an additional 26 shares during the period.

Fiscal 4Q16 was the third consecutive quarter in which Nordstrom surpassed analysts' earnings expectations. Cowen and Company cut their price objective on shares of Nordstrom from $64.00 to $50.00 and set an "outperform" rating on the stock in a report on Monday, February 13th. Bank of Montreal Can now owns 3,303,891 shares of the company's stock worth $171,407,000 after buying an additional 362,632 shares in the last quarter. Finally, Concert Wealth Management Inc. boosted its position in Nordstrom by 0.5% in the third quarter. The relative price strength of Nordstrom, Inc. has a negative value of -16.22 compared to overall market performance. Nordstrom, Inc. has a 52 week low of $35.01 and a 52 week high of $62.82.

Nordstrom, Inc. stock has recorded a 20-day Moving Average of 4.64% and the 50-Day Moving Average is 0.51%.The 200 Day SMA reached 1.24%Nordstrom, having a Relative Strength Index of 54.75 which indicates the stock is not yet over sold or over bought based on the technical indicators. The stock has a market cap of $7.68 billion, a P/E ratio of 22.36 and a beta of 1.01.

Nordstrom, Inc. (NYSE:JWN) was upgraded by equities researchers at Vetr from a "sell" rating to a "hold" rating in a report issued on Monday. According to the Analysts, the Low Earnings estimate for the current quarter is $0.2, while the High earnings estimate is $0.47.Comparatively, EPS for the same quarter past year was $0.55. Total Company net sales of $4.2 billion for the fourth quarter surged 2.4 percent compared with net sales of $4.1 billion during the same period in fiscal 2015. According to their predictions High & Low revenue estimates are 3.45 Billion and 3.25 Billion respectively. During the same period a year ago, the firm posted $1.17 EPS. The business's revenue was up 2.4% on a year-over-year basis.

Analysts are also projecting an Average Revenue Estimate for Nordstrom $3.36 Billion in the Current Quarter. The ex-dividend date of this dividend was Wednesday, November 23rd. Nordstrom's dividend payout ratio (DPR) is 79.14%.

Many research firms have provided their ratings on Nordstrom Inc.

The analyst stated that the investment firm has set a price target of 47 on shares of NYSE:JWN. Stifel Nicolaus set a $62.00 target price on shares of Nordstrom and gave the company a "buy" rating in a report on Friday, November 11th.

The Stock now has the market capitalization of $7.65 Billion, P/E (price to earnings ttm) of 23.13 and Weekly volatility of 4.14% and monthly volatility of 3.94% respectively.

When we look at the Analyst Recommendations of the stock, the company has 1.21 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. The stock presently has an average rating of "Hold" and a consensus target price of $46.83.

In related news, insider Scott A. Meden sold 5,000 shares of Nordstrom stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $60.00, for a total transaction of $2,570,820.00. Following the sale, the insider now directly owns 164,275 shares of the company's stock, valued at $9,583,803.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael G. Koppel sold 87,257 shares of Nordstrom stock in a transaction on Tuesday, December 13th.

In the transaction dated December 12, 2016, the great number of shares disposed came courtesy the Executive Vice President; LITTLE DANIEL F disposed a total of 19,704 shares at an average price of $59.62, amounting to approximately $1,174,752. 2,866,493 shares of the stock traded hands. The disclosure for this sale can be found here.

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