Nordstrom, Inc. (NYSE:JWN) ensharesed a drop of 3.3% or -224,178 shares in the short positions. Piper Jaffray reissued a “buy” rating and set a $86.00 price target on shares of Nordstrom in a research report on Wednesday, July 22nd. Cowen and Company reaffirmed a “sell” rating and set a $85.00 price objective on shares of Nordstrom in a research report on Wednesday, May 27th. Although Nordstrom said that a one-time gain was responsible for a substantial part of the rise, adjusted earnings of $0.93 per share were nevertheless $0.03 more than most investors were looking to see. Zacks raised shares of Nordstrom from a “sell” rating to a “hold” rating in a research report on Wednesday, July 15th. As per the latest data, 1 analysts has given a sell rating on the shares of the company. The shares trade in a 52-week range of $64.92 to $83.16. (NYSE:JWN) opened at 74.92 on Friday. The firm has a 50-day moving average price of $76.60 and a 200 day moving average price of $77.40. The 52-week high of the share price is $83.16 and the company has a market cap of $14,479 million. Brokerage firm Deutsche Bank maintains its rating on Nordstrom, Inc.
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Seattle-based Nordstrom Inc. continues to go against the grain amidst an industrywide department-store sales slump, posting decent sales gains and an jump in its comps in the second quarter.
Nordstrom, Inc. (NYSE:JWN) has paid out $1.4 per share in dividends over the past year.
Total revenue for the second quarter rose 9.1% to $3.70 billion from $3.39 billion in the same quarter a year ago. During the same quarter last year, the company earned $0.95 earnings per share. Equities analysts anticipate that Nordstrom, Inc. will post $3.74 EPS for the current fiscal year.
In related news, EVP Daniel F. Little sold 20,539 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $76.00, for a total value of $1,560,964.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Nordstrom, Inc.is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. As of March 18, 2013, the Retail segment includes its 117 Nordstrom branded full-line stores and its online store at www.nordstrom.com, its 121 off-price Nordstrom Rack stores, one clearance store that operates under the name Last Chance and its other retail channels, including its online private sale subsidiary HauteLook, its two Jeffrey boutiques and one treasure&bond store.
Nordstrom is planning to come up with its third store in Canada, which will be a flagship store in Vancouver. And now, the company is managed by the fourth generation of Nordstroms.
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Will Nordstrom keep climbing?Nordstrom also announced an increase in guidance for the full fiscal year.
