Guggenheim analyst Robert Drbul maintained a Hold rating on Nordstrom Inc (JWN) yesterday. The company’s shares closed yesterday at $47.28.
Drbul observed:
“We view JWN’s top-line strategy (brands, e-comm, local market) and profitability initiatives positively, but believe shares are fairly valued at their current premium vs. dept. store peers; remain NEUTRAL.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 11.4% and a 67.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
Currently, the analyst consensus on Nordstrom Inc is a Hold with an average price target of $49.82, implying a 5.4% upside from current levels. In a report issued on February 22, Deutsche Bank also downgraded the stock to Hold with a $51 price target.
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The company has a one-year high of $67.75 and a one-year low of $43.04. Currently, Nordstrom Inc has an average volume of 3.22M.
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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.
