Nordstrom Inc Receives a Hold from RBC Capital

By Austin Angelo

In a report released today, Richard Chamberlain from RBC Capital reiterated a Hold rating on Nordstrom Inc (NYSE: JWN), with a price target of $45. The company’s shares closed yesterday at $45.06.

According to TipRanks.com, Chamberlain is a 2-star analyst with an average return of 0.3% and a 50.0% success rate. Chamberlain covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Wal-Mart Stores Inc.

Nordstrom Inc has an analyst consensus of Hold, with a price target consensus of $48.43.

Based on Nordstrom Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $3.79 billion and quarterly net profit of $110 million. In comparison, last year the company earned revenue of $3.65 billion and had a net profit of $117 million.

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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.