Nordstrom (JWN): Price Target and June Short Interest Disclosure

Nordstrom (JWN) : Average target price received by Nordstrom (JWN) is $43.25 with an expected standard deviation of $6.78. The most aggressive target on the stock is $58, whereas the most downbeat target is $34. 18 financial analysts are currently covering the stock.

Nordstrom (JWN) has seen a shortfall of 715,749 shares or 2.1% in the short interest. The remaining shorts are 26.7% of the total floated shares. The net short interest, as on June 30,2016, stood at 32,751,556 shares and the stocks days to cover will be 9 by factoring in the average per day volume of 3,582,894 shares. On June 15,2016, 33,467,305 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Maxim Group initiates coverage on Nordstrom (NYSE:JWN). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $50 per share. The rating by the firm was issued on June 15, 2016.


Nordstrom (NYSE:JWN): On Thursdays trading session , Opening price of the stock was $41.48 with an intraday high of $41.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.68. However, the stock managed to close at $40.87, a loss of 0.56% for the day. On the previous day, the stock had closed at $41.1. The total traded volume of the day was 2,087,602 shares.

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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