Nordstrom (NYSE:JWN): 16 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $53.31 in Nordstrom (NYSE:JWN). However, the stock price could fluctuate by $ 7.97 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $66 price target with the lower price estimate is calculated at $42
Many analysts have stated their opinion on the company shares. Northcoast Research downgrades their rating on the shares of Nordstrom (NYSE:JWN). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on March 7, 2016.
Nordstrom (NYSE:JWN) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.92 points or 1.6% at $56.75 with 2,579,164 shares getting traded. Post opening the session at $57.64, the shares hit an intraday low of $56.72 and an intraday high of $58.19 and the price was in this range throughout the day. The company has a market cap of $9,813 million and the number of outstanding shares have been calculated to be 172,920,290 shares. The 52-week high of Nordstrom (NYSE:JWN) is $83.16 and the 52-week low is $44.49.
Nordstrom (NYSE:JWN) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2.61 by 18 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 3 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Nordstrom Inc. has dropped 0.04% in the last five trading days, however, the shares have posted positive gains of 11.25% in the last 4 weeks. Nordstrom Inc. is up 12.99% in the last 3-month period. Year-to-Date the stock performance stands at 14.74%.
Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, Koppel Michael G, officer (Executive Vice President) of Nordstrom Inc, unloaded 38,073 shares at an average price of $56.56 on March 16, 2016. The total amount of the transaction was worth $2,153,409, according to the disclosed information 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 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.