Published On: Fri, Sep 9th, 2016

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, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.

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