The share of Nordstrom Inc.
The Seattle-based department store chain said Thursday that it earned $110 million, or 65 cents per share, during the quarter. Ftb Advsrs invested in 1,842 shares or 0.01% of the stock. Finally, American Century Companies Inc. bought a new position in Nordstrom during the first quarter worth approximately $25,172,000. It dived, as 68 investors sold JWN shares while 187 reduced holdings. BlackRock Inc. now owns 8,021,009 shares of the specialty retailer's stock worth $373,537,000 after buying an additional 7,689,800 shares during the period. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.70 billion. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer's stock worth $105,000 after buying an additional 18 shares during the last quarter. Twin Tree Management, Lp added to its position by buying 384,500 shares an increase of 828.7% as of 06/30/2017. TN now owns 7,225 shares of the specialty retailer's stock worth $336,000 after buying an additional 200 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Nordstrom by 32.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,821 shares of the specialty retailer's stock worth $131,000 after buying an additional 2,778 shares during the last quarter. Nordstrom Inc now has $7.78B valuation.
Nordstrom (NYSE JWN) opened at 44.87 on Friday. Nordstrom has a 12-month low of $39.53 and a 12-month high of $62.82. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 21.20 and a beta of 0.83.
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Nordstrom Inc. (NYSE: JWN) reported second-quarter 2017 results after markets closed Thursday evening. Equities analysts anticipate that Nordstrom will post $2.96 earnings per share for the current year.
Nordstrom expects full-year earnings to be $2.85 to $3 per share. Analysts forecast that Nordstrom, Inc. will post $2.96 EPS for the current year. If you are viewing this news story on another website, it was illegally stolen and republished in violation of USA & worldwide copyright & trademark legislation. If you are viewing this story on another site, it was stolen and republished in violation of worldwide copyright and trademark law. (NYSE:JWN). State Street reported 0.03% stake. UBS AG reiterated a "buy" rating and set a $51.00 price target on shares of Nordstrom in a report on Monday, May 15th. Zacks Investment Research cut Nordstrom from a "hold" rating to a "sell" rating in a research report on Wednesday, April 26th. Atlantic Securities upgraded Nordstrom from a "neutral" rating to an "overweight" rating and increased their price target for the company from $45.00 to $58.00 in a research note on Thursday, May 4th. In after-hours trading, Nordstrom shares gained more than 3 percent, or $1.53, to sell for $46.40. News about a company's financial status, products, or plans, whether positive or negative, will typically result in a temporary increase in the trade volume of its stock. The stock now has an average rating of "Hold" and a consensus price target of $47.34. As of March 20, 2017, the Retail segment included its 117 Nordstrom-branded full-line stores in the United States and Nordstrom.com, 216 off-price Nordstrom Rack stores, five Canada full-line stores, Nordstromrack.com/HauteLook, seven Trunk Club clubhouses and TrunkClub.com, two Jeffrey boutiques and two clearance stores that operate under the name Last Chance.
The average 12 month target price among brokers that have covered the stock in the past year is $6.75.