Gordon Haskett Capital Corporation analyst Charles Grom downgraded Nordstrom Inc (JWN) to Sell today. The company’s shares closed yesterday at $43.45, close to its 52-week low of $43.04.
According to TipRanks.com, Grom is a 4-star analyst with an average return of 5.0% and a 59.5% success rate. Grom covers the Services sector, focusing on stocks such as Dollar Tree, Kohl’s Corp, and Macy’s Inc.
Currently, the analyst consensus on Nordstrom Inc is a Hold with an average price target of $50.09.
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Nordstrom Inc’s market cap is currently $6.85B and has a P/E ratio of 13.03. The company has a Price to Book ratio of 7.84.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock.
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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.
