Nordstrom Inc. (JWN) Trading Up 0.2%
Nordstrom Inc. (NYSE:JWN)’s share price was up 0.2% during trading on Friday . The stock traded as high as $50.39 and last traded at $50.16, with a volume of 1,236,845 shares. The stock had previously closed at $50.07.
JWN has been the subject of a number of recent analyst reports. Vetr lowered shares of Nordstrom from a “hold” rating to a “sell” rating and set a $47.33 target price for the company. in a research report on Monday, August 15th. Credit Suisse Group AG reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Cowen and Company reiterated an “outperform” rating and issued a $44.00 target price (down previously from $52.00) on shares of Nordstrom in a research report on Saturday, May 14th. Piper Jaffray Cos. upgraded shares of Nordstrom from a “neutral” rating to an “overweight” rating and increased their target price for the company from $45.00 to $53.00 in a research report on Tuesday, July 26th. Finally, Telsey Advisory Group decreased their target price on shares of Nordstrom from $52.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, May 13th. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.13.
The stock has a 50 day moving average of $47.72 and a 200 day moving average of $46.97. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 21.18 and a beta of 0.93.
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Nordstrom (NYSE:JWN) last released its earnings results on Thursday, August 11th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Nordstrom had a return on equity of 47.22% and a net margin of 2.95%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. Analysts expect that Nordstrom Inc. will post $2.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Monday, August 29th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 25th. Nordstrom’s payout ratio is 62.98%.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.
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