Nordstrom, Inc. (NYSE:JWN) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a $50.67 price objective on the stock. Vetr‘s target price points to a potential upside of 5.52% from the stock’s previous close.

Shares of Nordstrom (NYSE:JWN) traded down 0.04% during trading on Monday, reaching $48.02. The company’s stock had a trading volume of 1,827,331 shares. Nordstrom has a 12 month low of $44.49 and a 12 month high of $83.16. The company has a market capitalization of $8.83 billion and a P/E ratio of 13.76. The company’s 50-day moving average is $50.09 and its 200-day moving average is $65.15.

Nordstrom (NYSE:JWN) last released its earnings results on Thursday, November 12th. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.30. During the same period in the previous year, the firm posted $0.73 EPS. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.38 billion. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts forecast that Nordstrom will post $3.38 EPS for the current fiscal year.

A number of other research analysts have also recently commented on JWN. Guggenheim started coverage on shares of Nordstrom in a research note on Tuesday, November 10th. They set a “buy” rating and a $76.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of Nordstrom from $66.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, December 17th. Nomura cut their price target on shares of Nordstrom from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, November 13th. Barclays cut their price target on shares of Nordstrom from $68.00 to $45.00 and set an “underweight” rating for the company in a research note on Friday, November 13th. Finally, Stifel Nicolaus cut their price target on shares of Nordstrom from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, December 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. Nordstrom has an average rating of “Hold” and a consensus target price of $60.65.

A number of large investors recently bought and sold shares of JWN. Evelyn V. Moreno boosted its stake in Nordstrom by 1.8% in the fourth quarter. Evelyn V. Moreno now owns 74,595 shares of the company’s stock valued at $3,716,000 after buying an additional 1,350 shares in the last quarter. New England Research & Management boosted its stake in Nordstrom by 14.3% in the fourth quarter. New England Research & Management now owns 33,500 shares of the company’s stock valued at $1,669,000 after buying an additional 4,200 shares in the last quarter. Assetmark boosted its stake in Nordstrom by 59.6% in the third quarter. Assetmark now owns 38,467 shares of the company’s stock valued at $2,758,000 after buying an additional 14,359 shares in the last quarter. Capstone Asset Management Company boosted its stake in Nordstrom by 8.0% in the fourth quarter. Capstone Asset Management Company now owns 24,823 shares of the company’s stock valued at $1,236,000 after buying an additional 1,829 shares in the last quarter. Finally, Franklin Street Advisors boosted its stake in Nordstrom by 21.7% in the fourth quarter. Franklin Street Advisors now owns 105,990 shares of the company’s stock valued at $5,279,000 after buying an additional 18,885 shares in the last quarter.

In related news, Director Philip G. Satre acquired 17,600 shares of the business’s stock in a transaction that occurred on Monday, November 23rd. The shares were acquired at an average cost of $56.89 per share, with a total value of $1,001,264.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.

12 Month Chart for NYSE:JWN

To view Vetr’s full report, visit Vetr’s official website.

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