Analysts Advise About Nordstrom, Inc. (NYSE:JWN)
Nordstrom, Inc. (NYSE:JWN) stock is presently standing at about $43.60 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 24 analysts covering the company is $47.00, which suggests the stock could still rise over 7 percent. The highest analyst price target is $68.00, which implies a rally of 44 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 2 rate JWN a strong buy. There are 16 equity research firms advocating a Hold and 0 consider it Sell.
Susquehanna analysts provided their view on Nordstrom, Inc. (NYSE:JWN) recently. The rating firm issued a Neutral rating to this company in a research note released on Feb 10, 2017. Goldman analysts disclosed their opinion on Nordstrom, Inc. (NYSE:JWN) recently. The rating firm gave a Sell rating to this stock in a research note published on Feb 02, 2017. According to a research note disclosed on Jan 18, 2017, analysts at Credit Suisse have upped their rating on these shares from Neutral to Outperform.
Nordstrom, Inc. (NYSE:JWN) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President NORDSTROM BLAKE W sold 1,905 company shares for 85880, in a transaction on 2017-03-06. Following the transaction, the President is left with a stake of 2,640,954 shares, currently valued at $115145594. Meanwhile, Executive Vice President NORDSTROM PETER E sold 1,981 shares worth $92830, through a transaction dated 2017-03-03. Following the completion of the transaction, the insider is left with a stake of 2,546,551 shares, amounting $111029623.6. JWN President NORDSTROM BLAKE W also sold 1,558 shares, at a stock price of $47.5. This transaction occurred on 2017-02-27 totals $74010. After this transaction, the insider’s stake stands at 2,614,141 shares, with a market value of $113976548.
Executives hold 8.99 percent of the stock. Bruce A. Nordstrom is one of the biggest insider owners in Nordstrom, Inc. (NYSE:JWN), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 6,199,062 shares which have current market value of around $270279103.2.Erik B. Nordstrom is another major inside shareholder in the company. The insider owns 2,429,094 shares as of 1.43%, currently worth $105908498.4. Peter E. Nordstrom is ranked as third insider holder of the stock. This insider holds 2,316,086 shares with a market value around $100981349.6 as of recent close.
Nordstrom, Inc. (NYSE:JWN) Earnings Outlook
In Nordstrom, Inc. (NYSE:JWN)’s latest quarter, EPS moved to $1.27 from $0.84 in preceding quarter and revenues reached at $4,316.00M compared to $3,542.00M. Analysts had expected Nordstrom, Inc. (NYSE:JWN) to post net income of about $1.15 per share on $4,349.42M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.20 to $0.34. That is compared with the $0.26 in EPS it reported during the same period a year ago.