Nordstrom (NYSE:JWN) stock price target increased to $53, reported today by Telsey Advisory

August 12, 2016

Finance News

Displaying a price of $47.56, Nordstrom (NYSE:JWN) traded 8.03% higher on the day. The last stock price close is up 10.05% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased 0.00% over the same time period. Nordstrom has registered a 50-day moving average of $41.05 and 200-day moving average of $46.69. 12,004,113 shares of Nordstrom traded hands, up from an average volume of 4,598,140

Telsey Advisory raised the target price of Nordstrom (NYSE:JWN) to $53, indicating a possible upside of 0.11%,

On 8/01/2016, Goldman Sachs released a statement about Nordstrom(NYSE:JWN) recommending “Neutral” with a target price of $39 that indicated a possible downside of -0.12%.

Performance Graph:

Nordstrom (NYSE:JWN)

A total of 26 firms have issued a report on JWN. Four firms rate the company a strong buy, six analysts rate the company a buy, 17 firms rate the stock a hold, two analysts rate the company to underperform, and lastly one brokeragerate the company as sell with an average target stock price of $42.88

Nordstrom has a one-year low of $35.01 and a one-year high of $79.98 with a P/E ratio of 18. Nordstrom’s market capitalization is currently $8.9B.

General Company Details For Nordstrom (NYSE:JWN)

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. 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. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, and 2015. It also operates two Nordstrom full-line stores in Canada.

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