-29.10% to Target, Barclays Reaffirms Underweight Rating for Nordstrom (NYSE:JWN) Stock

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Nordstrom (NYSE:JWN) Rating

Analysts at Barclays have $45.0 target price on Nordstrom (NYSE:JWN). Barclays’s target price would suggest a potential downside of -29.10% from the company’s current stock price. The rating was disclosed in analysts report on Friday, 13 November.

Out of 9 analysts covering Nordstrom Inc. (NYSE:JWN), 4 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $92 is the highest target while $75 is the lowest. The $82.75 average target is 56.55% above today’s ($52.86) stock price. Nordstrom Inc. was the topic in 13 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Guggenheim initiated the stock on November 10 with “Buy” rating. Stifel Nicolaus upgraded it to “Buy” rating and $84 target price in a September 15 report. Credit Suisse maintained the shares of JWN in a report on October 12 with “Neutral” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in an October 2 report.

About 17.56M shares traded hands or 640.93% up from the average. Nordstrom, Inc. (NYSE:JWN) has declined 20.71% since April 13, 2015 and is downtrending. It has underperformed by 18.49% the S&P500.

The institutional sentiment decreased to 0.86 in Q2 2015. Its down 0.23, from 1.09 in 2015Q1. The ratio dropped, as 69 funds sold all Nordstrom, Inc. shares owned while 195 reduced positions. 49 funds bought stakes while 179 increased positions. They now own 97.65 million shares or 0.26% less from 97.91 million shares in 2015Q1.

Csat Investment Advisory L.P. holds 4.21% of its portfolio in Nordstrom, Inc. for 120,890 shares. Smead Capital Management Inc. owns 768,735 shares or 3.74% of their US portfolio. Moreover, Kynikos Associates Lp has 3.46% invested in the company for 105,783 shares. The Washington-based Evergreen Capital Management Llc has invested 2.88% in the stock. Blue Arrow Capital Management Llc, a New York-based fund reported 364,948 shares.

Since March 17, 2015, the stock had 0 insider buys, and 1 insider sale for $1.56 million net activity. Little Daniel F sold 20,539 shares worth $1.56M. Koppel Michael G sold 53,878 shares worth $4.31 million. Worzel Ken sold 54,581 shares worth $4.47 million. Nordstrom Erik B sold 31,531 shares worth $2.58M. The insider Winter Alison A sold 13,598 shares worth $1.10M.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $11.98 billion. The firm operates through two divisions: Retail and Credit. It has 13.95 P/E ratio. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs. (Company Press Release)

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