Nordstrom, Inc. (NYSE:JWN) registered a -0.71% decrease, still its new closing price is 25.97% up from the company’s 1 year high of 62.42.It posted -1.83% losses in previous 5 sessions and is now the subject of 16 analysts who together assign a hold rating on stock. 4 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 27 stock analysts following this company have an average price target at $51.28, with individual PT in the $37.00-$68.00 range. The shares moved at $43.51, implying that brokerage firms see shares losing about -11.25% in twelve months time.
Nordstrom, Inc. (JWN) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -9.22% fall year to date. A Executive Vice President at Nordstrom, Inc. (JWN) offloaded shares in a transaction closed on Tuesday December 13, 2016. THOMAS GEEVY SK sold 59,195 shares in the company at $58.12 each and collected $3,440,000 in proceeds. THOMAS GEEVY SK now owns 78,781 shares in the company after this transaction. A Executive Vice President in the company, KOPPEL MICHAEL G, disclosed a transaction on Tuesday December 13, 2016 that ended up generating $5,090,001 from the sale of 87,257 shares at $58.34 per share.
Nordstrom, Inc. (NYSE:JWN) Upcoming Results on Tap
Nordstrom, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.32 in that period. Sales during the quarter are predicted to arrive at $3.4 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.54 billion in revenue and EPS of $0.84. The mean forecast was for $3.48 billion and $0.52 a share, respectively. One quarter earlier, revenue for the stock was at $3.65 billion, with earnings at $0.67/share.
Nordstrom, Inc. (JWN) Brokerage Update
Nordstrom, Inc. (JWN) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Neutral by Goldman, according to news reported on Thursday February 02, 2017.Another important research note was issued by Credit Suisse on Wednesday January 18, 2017.The firm upgraded JWN to Outperform from Neutral. Over the last six months and over the last three months, the shares of Nordstrom, Inc. (JWN), have changed 5.99% and -13.90%, respectively.