RBC Capital Keeps a Hold Rating on Nordstrom Inc

By Carrie Williams

In a report released today, Brian Tunick 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 $40.64.

According to TipRanks.com, Tunick is a 1-star analyst with an average return of -2.1% and a 47.8% success rate. Tunick covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Ascena Retail Group, and Abercrombie Fitch.

Currently, the analyst consensus on Nordstrom Inc is Moderate Buy and the average price target is $48.44, representing a 19.2% upside.

In a report issued on May 12, Robert W. Baird also maintained a Hold rating on the stock with a $50 price target.

Nordstrom Inc’s market cap is currently $6.75B and has a P/E ratio of 19.13. The company has a book value ratio of 9.9649.

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Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following 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. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.