What Can We Expect From The Nordstrom Inc (NYSE:JWN) Upgrade By Deutsche Bank? The TP Given is $55.0000

May 23, 2018 - By Migdalia James

Nordstrom, Inc. (NYSE:JWN) Logo

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.18, from 1.14 in 2017Q3. It turned negative, as 68 investors sold Nordstrom, Inc. shares while 144 reduced holdings. 60 funds opened positions while 144 raised stakes. 92.34 million shares or 3.76% more from 88.99 million shares in 2017Q3 were reported.

Blue Chip Prtnrs Inc stated it has 0.16% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Amp Invsts Ltd has 0.01% invested in Nordstrom, Inc. (NYSE:JWN) for 46,416 shares. Sei Invs Co accumulated 0% or 3,225 shares. Raymond James Finance Ser holds 0.01% or 37,790 shares in its portfolio. Texas Permanent School Fund invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Transamerica Finance Incorporated holds 0% in Nordstrom, Inc. (NYSE:JWN) or 1 shares. Robeco Institutional Asset Mgmt Bv holds 0.12% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 489,341 shares. Nomura Asset Mngmt Ltd holds 18,093 shares. Bank & Trust Of Nova Scotia has invested 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Pathstone Family Office Llc reported 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Massmutual Tru Fsb Adv owns 6,545 shares. Eaton Vance stated it has 0% in Nordstrom, Inc. (NYSE:JWN). Coldstream Cap Management Incorporated stated it has 0.1% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Cetera Advsr Limited Liability Corp owns 8,931 shares. Fin Architects reported 615 shares.

Since April 11, 2018, it had 0 insider purchases, and 11 selling transactions for $2.72 million activity. 9,960 shares valued at $515,032 were sold by Deputy Christine on Monday, April 30. On Friday, April 27 the insider Meden Scott A sold $509,300.

Nordstrom Inc (NYSE:JWN) Stock Upgrade

Deutsche Bank upgraded shares of Nordstrom Inc (NYSE:JWN) stock to a solid “Buy” rating. This recent change was published in an analyst report today. The firm from today has a $55.0000 target on JWN.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 10 analysts covering Nordstrom Inc (NYSE:JWN), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. Nordstrom Inc has $60.0 highest and $45.0 lowest target. $52’s average target is 9.20% above currents $47.62 stock price. Nordstrom Inc had 14 analyst reports since December 21, 2017 according to SRatingsIntel. The stock has “Hold” rating by William Blair on Tuesday, January 23. Susquehanna maintained it with “Hold” rating and $51.0 target in Tuesday, January 23 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Friday, May 18. As per Thursday, March 1, the company rating was maintained by Piper Jaffray. The firm has “Neutral” rating by JP Morgan given on Tuesday, January 2. RBC Capital Markets maintained Nordstrom, Inc. (NYSE:JWN) on Friday, March 2 with “Hold” rating. The rating was maintained by Cowen & Co with “Buy” on Friday, January 19. BMO Capital Markets maintained Nordstrom, Inc. (NYSE:JWN) rating on Monday, March 5. BMO Capital Markets has “Market Perform” rating and $55 target. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, January 10 report. The stock of Nordstrom, Inc. (NYSE:JWN) has “Hold” rating given on Thursday, December 21 by Robert W. Baird.

The stock increased 4.04% or $1.85 during the last trading session, reaching $47.62. About 3.07 million shares traded or 43.37% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 11.56% since May 23, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company has market cap of $7.99 billion. It operates through two divisions, Retail and Credit. It has a 18.39 P/E ratio. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Seekingalpha.com which released: “Nordstrom: Buy The Dip?” on May 23, 2018, also Seekingalpha.com with their article: “Look For Broken Stocks On Tepid Market Days – Cramer’s Mad Money (5/22/18)” published on May 23, 2018, Benzinga.com published: “8 Biggest Price Target Changes For Wednesday” on May 23, 2018. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: 247Wallst.com and their article: “What to Expect When Nordstrom Reports After the Close” published on May 17, 2018 as well as 247Wallst.com‘s news article titled: “Why Nordstrom’s Earnings Beat Wasn’t Enough” with publication date: May 18, 2018.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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