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Nordstrom, Inc. (NYSE:JWN) Experiences Heavier than Average Trading Volume
11 August 2017, 10:37 | Joann Bryant
Shoppers walk into a Nordstrom store in Pittsburgh. Associated Press files
Shares of Nordstrom, Inc. (NYSE:JWN). Raymond James Financial Ser Advisors, a Florida-based fund reported 29,549 shares. Five investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and seven have given a buy recommendation to the company. This dividend represents a yeild of $3.12 which is the dividend as a percentage of the current share price.
Several brokerages recently commented on JWN. They set an "accumulate" rating and a $54.00 target price for the company. Vetr now has $41.54 price target on the specialty retailer's stock. Atlantic Securities raised Nordstrom from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $45.00 to $58.00 in a report on Thursday, May 4th. (NYSE:JWN), 9 have Buy rating, 6 Sell and 12 Hold. Vetr cut shares of Nordstrom from a "sell" rating to a "strong sell" rating and set a $41.54 price target on the stock.in a research note on Monday, July 17th. (NYSE JWN) traded down 4.29% on Thursday, hitting $44.87. The stock decreased 1.18% or $0.56 during the last trading session, reaching $46.88. The stock's 50 day moving average is $47.43 and its 200 day moving average is $45.51. Nordstrom has a 52-week low of $39.05 and a 52-week high of $62.82.
Nordstrom, Inc. (NYSE:JWN) issued its quarterly earnings results on Thursday. The specialty retailer reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01, Briefing.com reports. NORDSTROM PETER E sold $69,319 worth of Nordstrom, Inc. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter previous year.
Nordstrom, Inc. (NYSE:JWN) yearly performance is 7.72% and net profit margin is 2.50%.
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A number of other institutional investors also recently modified their holdings of the stock. Moreover, Princeton Capital Management Inc has 0.06% invested in the company for 40,170 shares. Nordstrom Inc now has $7.78B valuation. BlackRock Inc. now owns 8,021,009 shares of the specialty retailer's stock worth $373,537,000 after buying an additional 7,689,800 shares during the period. Gemmer Asset Management LLC increased its stake in shares of Nordstrom by 0.8% in the first quarter. State of Tennessee Treasury Department now owns 276,712 shares of the specialty retailer's stock worth $13,235,000 after buying an additional 175,590 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Nordstrom by 37.8% in the second quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer's stock worth $87,584,000 after buying an additional 1,149,685 shares during the last quarter. The Company's primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.
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