Nordstrom, Inc. (JWN) Downgraded by Vetr Inc
- Author: Zachary Reyes Jun 08, 2017,
Jun 08, 2017, 18:58
JWN has been the topic of several research reports. 5,918 are owned by Livforsakringsbolaget Skandia Omsesidigt. Asset One Ltd has 0.03% invested in Nordstrom, Inc. (NYSE:JWN). Moreover, Boltwood Mgmt has 0.62% invested in Nordstrom, Inc. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.31% of its portfolio in Nordstrom, Inc. (NYSE:JWN) is -6.01% away from the 20-Day Simple Moving Average. Twin Capital Mgmt has invested 0.21% of its portfolio in Nordstrom, Inc. Blackrock Inc reported 331,209 shares. Agf Investments accumulated 79,197 shares. New York State Teachers Retirement Systems stated it has 201,904 shares. 212.97 million shares or 4.33% less from 222.62 million shares in 2016Q3 were reported.
Since December 7, 2016, it had 0 buys, and 10 sales for $10.66 million activity.
Blake, Pete and Erik Nordstrom. Another trade for 3,297 shares valued at $147,544 was made by NORDSTROM PETER E on Friday, March 10. (NYSE:JWN) earned "Hold" rating by Deutsche Bank on Monday, October 31. Following the transaction, the insider now directly owns 76,371 shares in the company, valued at $3,590,200.71. (NYSE:JWN) on Monday, April 3. LITTLE DANIEL F sold $348,940 worth of Nordstrom, Inc. On Tuesday, December 13 KOPPEL MICHAEL G sold $5.09M worth of Nordstrom, Inc. Janney Montgomery Scott holds 0.01% in Nordstrom, Inc. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Therefore 36% are positive. Zacks' EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Nordstrom. Gordon Haskett initiated the stock with "Accumulate" rating in Tuesday, May 9 report. JP Morgan downgraded it to "Underweight" rating and $48 target in Friday, December 16 report. On Monday, August 17 the stock rating was maintained by Deutsche Bank with "Buy". (JWN) is $47.32/share according to the consensus of analysts working on the stock, with an expected EPS of $0.63/share for the current quarter. As per Friday, November 11, the company rating was maintained by Telsey Advisory Group. Susquehanna initiated Nordstrom, Inc. The stock of Nordstrom, Inc. The stock has "Buy" rating by UBS on Friday, August 12. Finally, Maxim Group set a $61.00 price target on Nordstrom and gave the company a "buy" rating in a research report on Thursday, May 4th. (NYSE:JWN) traded down 0.47% during trading on Friday, hitting $42.68. Stifel Nicolaus maintained Nordstrom, Inc. (NYSE:JWN) or 10,329 shares. The stock had a trading volume of 402,648 shares. It has underperformed by 6.84% the S&P500.
The firm presently has a "buy" rating on the specialty retailer's stock. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 18.79 and a beta of 1.01.
The news comes as department store companies struggle to find a place in today's changed retail marketplace amid declining mall traffic and online competition. It has a 19.01 P/E ratio. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. More interesting news about Nordstrom, Inc.
Nordstrom Inc. says Thursday that the group also includes President of Stores James Nordstrom and Chairman Emeritus Bruce Nordstrom. "Reelects 11 Directors, Adds TaskRabbit CEO Stacy Brown-Philpot ..." on May 22, 2017. $3.44 million worth of Nordstrom, Inc. "(JWN) Ex-Dividend Date Scheduled for May 24, 2017" published on May 23, 2017, Seekingalpha.com published: "Nordstrom - Valuation Multiples And Expectations Show Discrepancies" on May 19, 2017.