Short Term Price Target on Nordstrom (JWN)

Nordstrom (NYSE:JWN) : The most positive equity analysts on Nordstrom (NYSE:JWN) expects the shares to touch $58, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $44.06 with an expected fluctuation of $7.38 from the mean.

Nordstrom Inc. has lost 0.52% in the last five trading days and dropped 0.26% in the last 4 weeks. Nordstrom Inc. has dropped 32.86% during the last 3-month period . Year-to-Date the stock performance stands at -22.32%. Also, Maxim Group initiates coverage on Nordstrom (NYSE:JWN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Maxim Group announces the price target of $50 per share. The rating by the firm was issued on June 15, 2016.

Nordstrom (NYSE:JWN) has an average broker rating of 2.63, which is interpreted as a Hold, as rated by 19 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Nordstrom (NYSE:JWN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.03 and $37.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.05, notching a gain of 0.48% for the day. The total traded volume was 2,732,860 . The stock had closed at $37.87 on the previous day.

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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