Nordstrom, Inc. (NYSE:JWN) a Buy: Topeka Capital

In a research note issued to investors, Dorothy Lakner at Topeka Capital Reiterated their Buy rating on Nordstrom, Inc. (NYSE:JWN). The analyst placed a $88.00 price target on the stock which indicates a 12.94% upside to the last closing price. In the year following Lakner’s ratings, the stocks covered yield an average return of 8.4% according to TipRanks.com. In the past year 27 out of 46 recommendations or 59% were successful.

Nordstrom Inc. (NYSE:JWN) shares opened the most recent trading session at 77.63 and at the time of writing the last Bid was at 79.87. In the current trading session the stock reached as high as 80.63 and dipped down to 77.63. Nordstrom, Inc. C, a NYSE listed company, has a current market cap of 15.195B and on average over the past 3 months has seen 1167240 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 77.96. Based on a recent trade, this puts the equity at +2.45% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -0.83% away from it’s 52-week high of 80.54 and +37.09% away from the stock’s low point over the past 52 weeks, which was 58.26. On a consensus basis, analysts have a one year target price of 78.45. The company last reported earnings per share of 3.771.

The consensus analyst estimates according to First Call for the next quarter is 1.00. The current year EPS estimate on the stock is 4.11 and the EPS estimate for next year sits at 4.61. In looking at the fundamentals, JWN has a P/E ratio of 20.46 and a price to book ratio of 6.45. The company’s Book Value is 11.962 and most recently reported EBITDA of 1.823B. The price compared to next year’s EPS estimate in the current year is 16.73.

Company Profile

Nordstrom, Inc. (JWN) is a fashion specialty retailer. The Company operates 262 United States stores located in 35 states as well as a robust e-commerce business through Nordstrom.com and HauteLook. The Company operates through two segments: Retail and Credit. The Retail segment includes approximately 117 ‘Nordstrom’ branded full-line stores and online store at Nordstrom.com, approximately 142 off-price ‘Nordstrom Rack’stores, one clearance store that operates under the name ‘Last Chance’ and other retail channels including its online private sale subsidiary ‘HauteLook’ and its two ‘Jeffrey’ boutiques. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card.