Research Analysts Offer Predictions for Nordstrom, Inc.’s Q2 2018 Earnings (JWN)
Nordstrom, Inc. (NYSE:JWN) – Stock analysts at Northcoast Research issued their Q2 2018 EPS estimates for Nordstrom in a research report issued on Tuesday. Northcoast Research analyst K. Szafraniec anticipates that the specialty retailer will post earnings of $0.62 per share for the quarter. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Nordstrom’s Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $3.00 EPS and FY2019 earnings at $3.05 EPS.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, February 23rd. The specialty retailer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.22. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.36 billion. Nordstrom had a net margin of 2.28% and a return on equity of 58.85%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share.
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Other analysts also recently issued reports about the stock. Robert W. Baird set a $50.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, May 13th. BMO Capital Markets set a $48.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, May 13th. Piper Jaffray Companies set a $42.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Saturday, May 13th. Instinet reiterated a “neutral” rating and issued a $42.00 price target (down from $44.00) on shares of Nordstrom in a research report on Sunday. Finally, Vetr downgraded shares of Nordstrom from a “strong-buy” rating to a “hold” rating and set a $42.98 price target on the stock. in a research report on Monday. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. Nordstrom currently has an average rating of “Hold” and a consensus target price of $47.25.
Nordstrom (NYSE:JWN) traded down 0.5950% on Thursday, hitting $40.5672. 939,684 shares of the stock traded hands. The company’s 50 day moving average price is $46.34 and its 200-day moving average price is $48.21. The stock has a market capitalization of $6.77 billion, a P/E ratio of 20.0828 and a beta of 1.01. Nordstrom has a 12-month low of $35.01 and a 12-month high of $62.82.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.63%. Nordstrom’s dividend payout ratio is currently 79.14%.
In other news, President Blake W. Nordstrom sold 1,905 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $45.08, for a total transaction of $85,877.40. Following the completion of the transaction, the president now directly owns 2,142,492 shares of the company’s stock, valued at approximately $96,583,539.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Blake W. Nordstrom sold 1,558 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $47.50, for a total transaction of $74,005.00. Following the transaction, the president now directly owns 2,115,346 shares of the company’s stock, valued at $100,478,935. The disclosure for this sale can be found here. Insiders have sold a total of 19,333 shares of company stock valued at $888,010 over the last ninety days. Company insiders own 7.03% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Nordstrom by 12.7% in the first quarter. Parallel Advisors LLC now owns 2,099 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 236 shares in the last quarter. Gemmer Asset Management LLC boosted its position in shares of Nordstrom by 0.8% in the first quarter. Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 18 shares in the last quarter. Ledyard National Bank boosted its position in shares of Nordstrom by 291.1% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 1,758 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Nordstrom during the first quarter valued at $113,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Nordstrom during the fourth quarter valued at $123,000. 66.03% of the stock is owned by institutional investors.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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