Nordstrom Inc Gets a Hold Rating from Piper Jaffray

Piper Jaffray analyst Erinn Murphy reiterated a Hold rating on Nordstrom Inc (NYSE: JWN) on November 9 and set a price target of $37. The company’s shares closed yesterday at $40.03, close to its 52-week low of $37.79.

According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an average return of -7.0% and a 44.0% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.

Currently, the analyst consensus on Nordstrom Inc is Hold and the average price target is $45.86, representing a 14.6% upside.

In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $43 price target.

Nordstrom Inc’s market cap is currently $6.67B and has a P/E ratio of 14.12. The company has a book value ratio of 7.8091.

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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.

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