Goldman Sachs Reaffirms Buy Rating on Nordstrom (JWN)

By admin | 6 years ago

Nordstrom (NYSE: JWN)‘s stock had its “buy” rating reaffirmed by research analysts at Goldman Sachs (NYSE: GS) in a report released on Friday.

Shares of Nordstrom opened at 50.96 on Friday. Nordstrom has a one year low of $37.28 and a one year high of $56.75. The company has a market cap of $10.630 billion and a P/E ratio of 15.94.

Nordstrom last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.05. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that Nordstrom will post $0.68 earnings per share next quarter.

A number of other analysts have also recently weighed in on JWN. 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. Separately, analysts at CLSA upgraded shares of Nordstrom from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, April 16th. Finally, analysts at UBS AG (NYSE: UBS) initiated coverage on shares of Nordstrom in a research note to investors on Wednesday, April 11st. They set a “buy” rating and a $63.00 price target on the stock.

Nordstrom, Inc. is a fashion specialty retailer. The Company offers apparel, shoes, cosmetics and accessories for women, men and children.

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