Nordstrom Family Suspends Attempt To Take Retailer Private; Stock Down

Nordstrom

Nordstrom, Inc. had its "overweight" rating reiterated by analysts at KeyBanc. (NYSE:JWN) in a research report report published on Wednesday morning. The firm has "Buy" rating by Maxim Group given on Thursday, June 16.

Want to see what other hedge funds are holding JWN? Deutsche Bank downgraded the stock to "Hold" rating in Monday, October 31 report. Robert W. Baird set a $50.00 target price on shares of Nordstrom and gave the stock a "hold" rating in a report on Saturday, May 13th. About shares traded. Nordstrom, Inc. RBC Capital Markets maintained the shares of JWN in report on Monday, February 27 with "Outperform" rating. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. Nordstrom presently has a consensus rating of Hold and an average target price of $47.77. (NYSE:JWN). York Capital Mgmt Glob Advisors Limited Liability Co, a New York-based fund reported 1.58 million shares. The company has a market cap of $7.09 billion, a PE ratio of 20.20 and a beta of 0.85. The stock's 50 day moving average price is $45.50 and its 200-day moving average price is $45.81.

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Nordstrom will not be closing in on a major private sale this year. Finally, Ariel Investments LLC boosted its stake in shares of Nordstrom by 41.7% in the first quarter. The specialty retailer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. The fund owned 11,045 shares of the specialty retailer's stock after buying an additional 200 shares during the period.

Analysts expect Nordstrom, Inc. (JWN) stake by 13.21% reported in 2017Q2 SEC filing. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & global copyright legislation. United Cap Advisers Ltd Liability has invested 0% in Nordstrom, Inc. Cls Investments Ltd Liability owns 92 shares or 0% of their U.S. portfolio. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 600,007 shares of the specialty retailer's stock worth $27,942,000 after purchasing an additional 70,544 shares in the last quarter. Nordstrom, Inc. has a 12-month low of $39.53 and a 12-month high of $62.82.

Nigerian government faces criticism over 'embarrassing' Zuma statue
President Zuma held discussions with DRC President Joseph Kabila Kabange on Sunday on the issues of peace and security. While in Owerri, he also bagged the chieftaincy title " Ochiagha " (Warlord).

Media reports earlier this month suggested the family was finding it hard to shore up financing, especially after the surprise bankruptcy filing of retailer Toys "R" Us that stoked fears of dwindling mall traffic among lenders. The value of the total investment in Nordstrom, Inc. decreased from $1,188,000 to $114,000 a change of 90.4% quarter to quarter. Nordstrom, Inc.'s EPS for the trailing 12 months is 2.11. Finally, Sei Investments Co. raised its stake in Nordstrom by 32.0% during the 2nd quarter.

Rowland & CO Investment Counsel/adv divested its stake by shedding 3,853 shares a decrease of 13.2% as of 09/30/2017.

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