Deutsche Bank Downgrades Nordstrom Inc to Hold

By Jason Carr

In a report released today, Paul Trussell from Deutsche Bank downgraded Nordstrom Inc (NYSE: JWN) to Hold. The company’s shares closed last Friday at $52.70.

According to TipRanks.com, Trussell is a 4-star analyst with an average return of 2.5% and a 55.3% success rate. Trussell covers the Services sector, focusing on stocks such as GNC Holdings Inc., Urban Outfitters, and The Finish Line.

Nordstrom Inc has an analyst consensus of Moderate Buy, with a price target consensus of $45.60.

The company has a one year high of $67.27 and a one year low of $35.01. Currently, Nordstrom Inc has an average volume of 3.26M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JWN in relation to earlier this year. Most recently, in March 2015, Alison Winter, a a Director at JWN sold 13,598 shares for a total of $1,097,974.

Nordstrom, Inc. engages in the retail of apparel, shoes, cosmetics, and accessories. It operates through the following segments: Retail, Credit, and Corporate/Other. The Retail segment is comprised of Nordstrom U.S. full-line stores and Nordstrom.com that offer a range of apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Credit segment includes payment products and services such as Nordstrom private label card, Nordstrom Visa credit cards, and debit card for Nordstrom purchases. The Corporate/Other segment consists of unallocated corporate expenses and assets, sales return reserve, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.