Nordstrom's stock tumbles after suspending going-private talks

Nordstrom's stock tumbles after suspending going-private talks

It dived, as 59 investors sold Nordstrom, Inc. shares while 179 reduced holdings. Macy's plans to close 100 stores, while investors are losing patience with companies like J. C. Penney and Dillard's, whose recent earnings reports have missed expectations. The firm now has a buy rating on the specialty retailer's stock. (NYSE:JWN). Ally Fincl reported 0.28% of its portfolio in Nordstrom, Inc. Ledyard National Bank now holds 3,667 shares with a value of $173,000. BidaskClub lowered Nordstrom from a "buy" rating to a "hold" rating in a report on Saturday, August 12th. Vetr cut shares of Nordstrom from a "strong-buy" rating to a "buy" rating and set a $48.92 target price for the company.in a report on Monday, April 10th. KeyCorp reaffirmed an "overweight" rating and set a $55.00 target price on shares of Nordstrom in a report on Monday, August 14th.

Among 5 analysts covering Northfield Bancorp (NASDAQ:NFBK), 0 have Buy rating, 0 Sell and 5 Hold. They now have a United States dollars 47 price target on the stock. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/10/15/zurich-insurance-group-ltd-fi-acquires-18016-shares-of-nordstrom-inc-jwn.html.

Nordstrom, Inc.'s P/E ratio is 19.17 and market cap is 6.73B.

Nordstrom, Inc. has a 50 day moving average of 45.50 and a 200 day moving average of 45.81.

Kurram Agency: 4 security personnel embraced martyrdom in mine blast
Also in March, a suspected United States drone strike killed two Afghan Taliban militants in a village near the Afghan border. The blast came a few days after the Pakistan Army recovered a Canadian-American family in the agency from captivity.

Nordstrom will not be closing in on a major private sale this year. The dividend payment was $0.370 per share for the quarter which comes to $1.48 on an annualized basis. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. Analysts expect next quarter's EPS to be $1.31 with next year's EPS projected to be $3.04. As of the latest earnings report the EPS was $2.11 and is expected to be $2.98 for the current year with 166,239,000 shares presently outstanding.

Shares of Nordstrom, Inc. "(JWN)" was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was illegally copied and reposted in violation of global copyright and trademark legislation.

A number of equities research analysts recently weighed in on the stock. The fund owned 52,765 shares of the specialty retailer's stock after acquiring an additional 18,016 shares during the quarter. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,731,326 shares of the specialty retailer's stock worth $141,701,000 after buying an additional 2,718,233 shares during the last quarter. That could give Nordstrom more flexibility to navigate a rapidly changing retail environment. Ameritas Investment Partners Inc. raised its stake in Nordstrom by 6,460.5% during the 1st quarter. Ferguson Wellman Capital Management, Inc trimmed its ownership by selling 800 shares a decrease of 7.9%. Wells Fargo & Company MN boosted its stake in shares of Nordstrom by 26.5% in the first quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer's stock valued at $152,000 after purchasing an additional 771 shares during the period.

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