tiprankstipranks
Blurbs

BMO Capital Sticks to Its Hold Rating for Nordstrom (JWN)

In a report released yesterday, Simeon Siegel from BMO Capital maintained a Hold rating on Nordstrom (JWNResearch Report), with a price target of $20.00. The company’s shares closed yesterday at $21.14.

According to TipRanks, Siegel is a 4-star analyst with an average return of 8.3% and a 56.07% success rate. Siegel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Nordstrom, and Ross Stores.

In addition to BMO Capital, Nordstrom also received a Hold from Gordon Haskett Capital Corporation’s Charles Grom in a report issued today. However, on January 20, Bank of America Securities reiterated a Sell rating on Nordstrom (NYSE: JWN).

See today’s best-performing stocks on TipRanks >>

Based on Nordstrom’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $3.55 billion and a GAAP net loss of $20 million. In comparison, last year the company earned a revenue of $3.64 billion and had a net profit of $64 million

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes and accessories. It operates through the following business segments: Retail, Credit and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

Read More on JWN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles