Telsey Advisory analyst Dana Telsey maintained a Hold rating on Nordstrom (JWN – Research Report) today and set a price target of $17.00. The company’s shares closed yesterday at $20.80.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Wolverine World Wide, and Birkenstock Holding plc. According to TipRanks, Telsey has an average return of 2.8% and a 44.44% success rate on recommended stocks.
Nordstrom has an analyst consensus of Hold, with a price target consensus of $18.00, which is a -13.46% downside from current levels. In a report released today, Citi also maintained a Hold rating on the stock with a $21.00 price target.
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JWN market cap is currently $3.31B and has a P/E ratio of 28.70.
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Nordstrom (JWN) Company Description:
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:
- Nordstrom weakness on valuation appreciated, says TD Cowen
- Nordstrom call volume above normal and directionally bullish
- Nordstrom Rack to open two new locations in North Carolina
- Short Report: Bears question bounce in department stores, apparel stocks
- Nordstrom put volume heavy and directionally bearish
