Guggenheim Sticks to Their Hold Rating for Nordstrom Inc (JWN)

By Carrie Williams

In a report released today, Robert Drbul from Guggenheim maintained a Hold rating on Nordstrom Inc (JWNResearch Report). The company’s shares closed last Monday at $36.97.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 8.5% and a 64.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ralph Lauren Corp.

Currently, the analyst consensus on Nordstrom Inc is a Hold with an average price target of $32.88.

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Based on Nordstrom Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $3.87 billion and net profit of $141 million. In comparison, last year the company earned revenue of $4.07 billion and had a net profit of $162 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.