Nordstrom Hits New 52-Week High at $71.35 (JWN)
Nordstrom (NYSE:JWN)’s share price hit a new 52-week high on Thursday , Stock Ratings Network reports. The company traded as high as $71.35 and last traded at $70.73, with a volume of 1,066,819 shares. The stock had previously closed at $69.64.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Nordstrom in a research note on Monday. They now have a $73.00 price target on the stock. Separately, 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. Finally, 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. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $70.35.
The stock’s 50-day moving average is $68.67 and its 200-day moving average is $65.36. The company has a market cap of $13.295 billion and a P/E ratio of 18.64.
Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Nordstrom will post $3.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 28th.
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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