Price Target Update on Nordstrom (NYSE:JWN)

Nordstrom (NYSE:JWN) : The highest level Nordstrom (NYSE:JWN) is projected to reach is $58 for the short term and the lowest estimate is at $34. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $44.06 and the possibility the share price can swing is $7.38.

Other Equity analysts have also commented on the company shares. Maxim Group initiates coverage on Nordstrom (NYSE:JWN). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Maxim Group announces a current price target of $50 per share. The rating by the firm was issued on June 15, 2016.

Nordstrom (NYSE:JWN): stock turned positive on Thursday. Though the stock opened at $38.26, the bulls momentum made the stock top out at $38.6268 level for the day. The stock recorded a low of $38.09 and closed the trading day at $38.25, in the green by 1.22%. The total traded volume for the day was 2,480,544. The stock had closed at $37.79 in the previous days trading.

The company shares have dropped -49.90% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $80.23 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $40.16 and the 200 Day Moving Average price is recorded at $49.01. On the companys insider trading activities,The officer (Executive Vice President) of Nordstrom Inc, Thomas Geevy Sk sold 155 shares at $57.1 on April 4, 2016. The Insider selling transaction had a total value worth of $8,851. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through, and HauteLook and, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.

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