Nomura Gives Neutral Rating to Nordstrom (JWN)
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Nordstrom in a research note to investors on Friday. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Nordstrom in a research note to investors on Friday. Finally, analysts at Credit Agricole upgraded shares of Nordstrom from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, April 16th.
Nordstrom remained flat at $50.96 during trading on Friday. Nordstrom has a 1-year low of $37.28 and a 1-year high of $56.75. The company has a market cap of $10.630 billion and a price-to-earnings ratio of 15.94.
Nordstrom last released its earnings data on Thursday, May 10th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.05. Nordstrom’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that Nordstrom will post $0.68 EPS next quarter.
Nordstrom, Inc. is a fashion specialty retailer. The Company offers apparel, shoes, cosmetics and accessories for women, men and children.