Nordstrom, Inc. Plans Quarterly Dividend of $0.33 (JWN)
Nordstrom (NYSE:JWN) announced a quarterly dividend on Wednesday, August 20th, AnalystRatingsNetwork.com reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.33 per share on Wednesday, September 17th. This represents a $1.32 annualized dividend and a dividend yield of 1.93%.
A number of analysts have recently weighed in on JWN shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Nordstrom in a research note on Friday, August 15th. They now have a $77.00 price target on the stock, down previously from $78.00. On a related note, 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, August 12th. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Nordstrom has an average rating of “Hold” and a consensus target price of $70.19.
Shares of Nordstrom (NYSE:JWN) traded up 1.36% on Wednesday, hitting $68.39. 1,399,733 shares of the company’s stock traded hands. Nordstrom has a 1-year low of $54.90 and a 1-year high of $70.71. The stock’s 50-day moving average is $68.55 and its 200-day moving average is $64.47. The company has a market cap of $12.898 billion and a price-to-earnings ratio of 18.06.
Nordstrom (NYSE:JWN) last released its earnings data on Thursday, August 14th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, analysts predict that Nordstrom will post $3.88 earnings per share for the current fiscal year.
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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