Telsey Advisory Group Increases Nordstrom (NYSE:JWN) Price Target to $26.00

Nordstrom (NYSE:JWN) had its price target boosted by analysts at Telsey Advisory Group from $24.00 to $26.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has a “market perform” rating on the specialty retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 14.94% from the stock’s current price. Telsey Advisory Group also issued estimates for Nordstrom’s Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $2.00 EPS, Q4 2026 earnings at $0.96 EPS and FY2026 earnings at $2.06 EPS.

A number of other equities analysts also recently commented on JWN. BMO Capital Markets boosted their target price on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, August 28th. Citigroup boosted their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group upped their price target on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Finally, KeyCorp cut Nordstrom from an “overweight” rating to a “sector weight” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.29.

Nordstrom Price Performance

Shares of JWN opened at $22.62 on Wednesday. The stock has a market capitalization of $3.71 billion, a PE ratio of 13.23 and a beta of 2.59. The company has a 50 day moving average price of $22.85 and a 200-day moving average price of $22.23. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. Nordstrom has a fifty-two week low of $14.80 and a fifty-two week high of $24.99.

Nordstrom (NYSE:JWN) last announced its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that Nordstrom will post 1.91 earnings per share for the current fiscal year.

Insider Activity

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at approximately $3,928,479.20. This trade represents a 10.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.78% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JWN. Verition Fund Management LLC grew its stake in shares of Nordstrom by 147.4% during the 3rd quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock worth $27,401,000 after purchasing an additional 725,803 shares during the period. American Century Companies Inc. grew its position in Nordstrom by 66.2% during the second quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock valued at $35,251,000 after buying an additional 661,769 shares during the period. Vanguard Group Inc. increased its holdings in Nordstrom by 5.7% in the first quarter. Vanguard Group Inc. now owns 10,653,007 shares of the specialty retailer’s stock valued at $215,936,000 after buying an additional 579,001 shares in the last quarter. Marshall Wace LLP raised its position in shares of Nordstrom by 38.4% in the second quarter. Marshall Wace LLP now owns 1,479,414 shares of the specialty retailer’s stock worth $31,393,000 after acquiring an additional 410,152 shares during the period. Finally, NewSquare Capital LLC purchased a new stake in shares of Nordstrom during the 2nd quarter worth about $7,783,000. 88.73% of the stock is owned by institutional investors and hedge funds.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.