Nordstrom – Consensus Indicates Potential -10.0% Downside

Broker Ratings
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Nordstrom with ticker code (JWN) have now 14 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 31 and 12 and has a mean target at 25.93. Now with the previous closing price of 28.81 this would imply there is a potential downside of -10.0%. The 50 day MA is 25.16 and the 200 day MA is 27.24. The company has a market capitalisation of $4,583m. Find out more information at: https://press.nordstrom.com

The potential market cap would be $4,125m based on the market concensus.

Nordstrom, 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; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of December 31, 2021, the company operated 94 Nordstrom stores and 240 Nordstrom Rack stores in the United States; 2 clearance stores; and 7 Nordstrom Local service hubs, as well as 6 Nordstrom stores and 7 Nordstrom Rack stores in Canada. Nordstrom was founded in 1901 and is headquartered in Seattle, Washington.

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