Why Nordstrom, Inc. Stock Was Sliding Today

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Exxonmobil Investment Management Inc /TX downsized its ownership by selling 111 shares a decrease of 0.5% from 06/30/2017 to 09/30/2017. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. Price T Rowe Associate Md stated it has 0% in Nordstrom, Inc. They now have a Dollars 55 price target on the stock.

Among 29 analysts covering Nordstrom Inc. Nordstrom Inc. had 90 analyst reports since August 14, 2015 according to SRatingsIntel.

09/12/2017 - Nordstrom, Inc. had its "outperform" rating reiterated by analysts at William Blair. West Oak Limited Liability Company reported 0% in Nordstrom, Inc. They now have a Dollars 50 price target on the stock. The stock now has a consensus rating of "Hold" and a consensus target price of $47.10. ValuEngine cut Nordstrom from a buy rating to a hold rating in a research report on Friday, September 1st. They now have a United States dollars 48 price target on the stock.

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Oarsman Capital Inc. raised its position in Nordstrom, Inc. Nordstrom Inc. now has $7.09 billion valuation. Moreover, Estabrook Capital has 0% invested in Nordstrom, Inc. They now have a Dollars 45 price target on the stock. Telsey Advisory Group maintained the shares of JWN in report on Friday, February 24 with "Market Perform" rating. They now have a Dollars 42 price target on the stock. Maxim Group maintained Nordstrom, Inc.

05/12/2017 - Nordstrom, Inc. had its "neutral" rating reiterated by analysts at Citigroup. The stock has a 50-day moving average price of $45.50 and a 200-day moving average price of $45.81. The stock's market capitalization is 6.78B, it has a 52-week low of 39.53 and a 52-week high of 62.82.

Shares of Nordstrom Inc. fell nearly 5 percent to $40.80 in early trading. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer's stock valued at $126,000 after purchasing an additional 942 shares during the period. The Company's divisions include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The company also points out that there is no guarantee an offer will be made to take JWN private, or that it will accept an offer that is made.

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The Seattle retailer has been among the best performers in the department store arena, though its discount stores, called Nordstrom Rack, have been faring better than its department stores. The Company, through Credit segment, allows its customers to access a range of payment products and services, including a Nordstrom-branded private label card, approximately two Nordstrom-branded Visa credit cards and a debit card for Nordstrom purchases.

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IndusInd buys Bharat Financial
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