Nordstrom, Inc. (NYSE:JWN) Slips -0.81% Pre-Market
11 August, 2017, 22:38 | Author: Leticia Walters
The specialty retailer reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.01, Briefing.com reports.
Consensus estimates call for third-quarter EPS of $0.64 on revenues of $3.59 billion. Shares for $92,837 were sold by NORDSTROM PETER E. 7,423 shares valued at $348,940 were sold by LITTLE DANIEL F on Monday, April 3. Nordstrom, Inc. has a one year low of $39.05 and a one year high of $62.82. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 21.95 and a beta of 0.83. The company's 50-day moving average price is $47.43 and its 200-day moving average price is $45.51.
Analyst's ratings play a very important role in outlining a stock's performance. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. Zacks Investment Research upgraded Nordstrom from a "sell" rating to a "hold" rating in a research report on Wednesday, May 10th. Royal Bank Of Canada set a $45.00 target price on Nordstrom and gave the company a "hold" rating in a research note on Monday, June 19th. Maxim Group set a $61.00 target price on Nordstrom and gave the stock a "buy" rating in a research report on Thursday, May 4th. The stock now has a consensus rating of "Hold" and an average target price of $47.36.
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Net income fell to $110 million, or 65 cents per share, in the quarter, from $117 million, or 67 cents per share, in the year-ago period. If you are viewing this story on another site, it was stolen and republished in violation of global copyright and trademark law. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/08/10/nordstrom-inc-jwn-shares-sold-by-nisa-investment-advisors-llc-updated.html.
Several large investors have recently made changes to their positions in the stock. It also increased its holding in Procter & Gamble Co (NYSE:PG) by 36,970 shares in the quarter, for a total of 469,919 shares, and has risen its stake in Vanguard Value Vipers (Vtv) (VTV). Moreno Evelyn V now owns 91,875 shares of the specialty retailer's stock valued at $4,279,000 after buying an additional 5,970 shares in the last quarter. Global X Management Co. The Nwq Investment Management Company Llc holds 5,657 shares with $271,000 value, down from 132,200 last quarter. The stock decreased 4.29% or $2.01 during the last trading session, reaching $44.87. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of Nordstrom during the second quarter worth about $901,000. Bank of New York Mellon Corp now owns 10,882,305 shares of the specialty retailer's stock worth $520,501,000 after buying an additional 2,985,551 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Nordstrom by 173.6% in the second quarter. Moreno Evelyn V boosted its position in Nordstrom by 6.9% in the first quarter. They presently have a $41.54 price objective on the specialty retailer's stock. Hedge funds and other institutional investors own 64.36% of the company's stock. Arizona State Retirement has invested 0.03% of its portfolio in Nordstrom, Inc. The Company's divisions include Retail and Credit.
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