" "Cowen and Company Reiterates "$49.00" Price Target for Nordstrom, Inc. (JWN)

REUTERS  Rick Wilking  File

Twin Tree Management, Lp says it increased its position in Nordstrom, Inc. shares by 384,500 shares as reported in a filing on 08/10/2017. The brokerage now has a "buy" rating on the specialty retailer's stock. Zacks Investment Research's price target points to a potential upside of 18.04% from the stock's current price. Also, sales from its nordstromrack.com/Hautelook website are projected to grow 19.5% year-over-year to around $187.55 million. The company's "A" grade for Value is partially driven by its strong Cash Flow per Share of $7.75, which towers over the industry average of $1.49. Moreover, volatile consumer behavior, sluggish store traffic and a tough retail environment remain concerns.

Nordstrom has continued to focus on its store-expansion strategy.

Several other analysts have also commented on JWN. Finally, TheStreet upgraded Nordstrom from a "c" rating to a "b-" rating in a research note on Wednesday, April 26th. The stock has "Buy" rating by Maxim Group on Thursday, June 16. Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, December 23 report.

Market Capitalization can be thought of as the overall price to buy the company. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. Cowen and Company reiterated an "outperform" rating and set a $49.00 price objective on shares of Nordstrom in a research report on Friday, June 9th. (NYSE:JWN). Smithfield Tru Communication has invested 0.03% of its portfolio in Nordstrom, Inc.

Nordstrom has one year low of $39.53 and a one year high of $62.82 with a PE ratio of 20.94 and has a market cap of $0. The company's 50 day moving average price is $47.39 and its 200-day moving average price is $45.51.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, August 10th.

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The Seattle-based upscale retailer reported Q2 earnings per share (EPS) of $0.65, which was in-line with the Wall Street consensus estimate of $0.65.

Nordstrom expects full-year earnings to be $2.85 to $3 per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, analysts forecast that Nordstrom will post $2.96 EPS for the current fiscal year.

Nordstrom, Inc.is a fashion specialty retailer in the United States. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of USA and global copyright laws.

Large investors have recently made changes to their positions in the stock. Gemmer Asset Management LLC boosted its position in Nordstrom by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 7,896,754 shares of the specialty retailer's stock worth $367,753,000 after buying an additional 1,364,328 shares during the period. Global X Management Co. As of quarter end Tiaa Cref Investment Management LLC had sold a total of 61,450 shares trimming its holdings by 14.7%. 6,548,321 shares of the stock traded hands.

Gam Holding Ag decreased 58 Com Inc (NYSE:WUBA) stake by 250,410 shares to 29,900 valued at $837,000 in 2016Q4. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer's stock valued at $138,000 after buying an additional 109 shares during the last quarter. Ledyard National Bank raised its position in shares of Nordstrom by 291.1% in the first quarter. Nicholas Investment Partners LP purchased a new stake in shares of Nordstrom during the second quarter valued at $1,629,000. Morgan Stanley now owns 3,495,790 shares of the specialty retailer's stock worth $162,799,000 after buying an additional 311,529 shares during the period. 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.

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