Nordstrom (JWN) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Nordstrom (NYSE:JWN) posted its quarterly earnings results on Thursday. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01, American Banking News.com reports. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.39 billion.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Nordstrom from $75.00 to $78.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Nordstrom from $72.00 to $78.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.25.
Nordstrom (NYSE:JWN) traded up 0.84% during mid-day trading on Thursday, hitting $68.69. 2,498,061 shares of the company’s stock traded hands. Nordstrom has a 52-week low of $54.90 and a 52-week high of $70.71. The stock has a 50-day moving average of $68.67 and a 200-day moving average of $64.2. The company has a market cap of $13.049 billion and a P/E ratio of 18.38. Nordstrom also was the recipient of unusually large options trading on Tuesday. Stock investors bought 3,683 put options on the stock. This is an increase of 528% compared to the typical volume of 586 put options.
Nordstrom, Inc is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.
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