Nordstrom has strong online growth, while brick-and-mortar sales lag

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Shares of Nordstrom, Inc.

A number of brokerages have recently commented on JWN. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. Atlantic Securities upgraded shares of Nordstrom from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $45.00 to $58.00 in a report on Thursday, May 4th. Analyst's mean target price for ASM is $2.93 while analysts mean recommendation is 2.00.

Nordstrom (JWN) traded down 4.29% on Thursday, hitting $44.87. Trading volume was up 167.57% over the stocks average daily volume.

It is now trading at $44.87 well below $47.43, the stock's 50 day moving average and marginally under the 200 day moving average of $45.51. The company has market cap of $7.30 billion. Redwood Invs Ltd has invested 1.09% in Nordstrom, Inc. ValuEngine lowered shares of Nordstrom from a "buy" rating to a "hold" rating in a report on Thursday, June 8th. First Trust Advisors LP now owns 264,500 shares of the specialty retailer's stock valued at $12,318,000 after buying an additional 111,458 shares during the last quarter. BlackRock Inc. increased its stake in Nordstrom by 2,321.7% in the first quarter. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Previously, it had predicted earnings between $2.75 and $3 per share.

Consensus estimates call for third-quarter EPS of $0.64 on revenues of $3.59 billion.

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In the Nordstrom brand, including USA and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 2.4% and comparable sales increased 1.4%.

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Several hedge funds and other institutional investors have recently made changes to their positions in JWN. BlackRock Inc. increased its stake in Nordstrom by 2,321.7% in the first quarter. (NYSE:JWN). Denver Investment Limited Liability Company invested in 0.02% or 10,498 shares. Boston Private Wealth LLC acquired a new stake in shares of Nordstrom during the first quarter valued at about $492,000.

World Asset Management Inc lowered its stake in Nordstrom, Inc. Moreno Evelyn V now owns 91,875 shares of the specialty retailer's stock valued at $4,279,000 after buying an additional 5,970 shares during the last quarter. LLC boosted its position in shares of Nordstrom by 0.9% in the second quarter. State of Tennessee Treasury Department now owns 276,712 shares of the specialty retailer's stock worth $13,235,000 after buying an additional 175,590 shares in the last quarter. Norges Bank purchased a new position in Nordstrom during the fourth quarter valued at $108,878,000. Ledyard National Bank now owns 2,362 shares of the specialty retailer's stock valued at $110,000 after buying an additional 1,758 shares during the period. State of Alaska Department of Revenue now owns 9,520 shares of the specialty retailer's stock worth $455,000 after buying an additional 140 shares during the period. The Company's primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.

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