Nordstrom (JWN) : 8 brokerage houses believe that Nordstrom (JWN) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nordstrom (JWN). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 20 Wall Street Analysts endorse the stock as a Hold with a rating of 2.55.
Nordstrom (JWN) : The consensus price target for Nordstrom (JWN) is $43.69 for the short term with a standard deviation of $7.15. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $58, however, the pessimist price target for the company is $34.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, PiperJaffray upgrades its rating on Nordstrom (NYSE:JWN).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 26, 2016.
Nordstrom (NYSE:JWN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.88 and $39.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.61, notching a gain of 2.14% for the day. The total traded volume was 4,205,549 . The stock had closed at $40.74 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 Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, 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 Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.