Nordstrom, Inc. (JWN) Receives Average Recommendation of “Hold” from Analysts
Shares of Nordstrom, Inc. (NYSE:JWN) have received an average recommendation of “Hold” from the thirty research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.33.
A number of equities research analysts have recently weighed in on JWN shares. Maxim Group dropped their target price on Nordstrom from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, May 12th. Nomura restated a “hold” rating and set a $42.00 target price on shares of Nordstrom in a research report on Friday, May 12th. Citigroup Inc. dropped their target price on Nordstrom from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, May 12th. Instinet restated a “neutral” rating and set a $42.00 target price (down previously from $44.00) on shares of Nordstrom in a research report on Sunday, May 14th. Finally, Robert W. Baird set a $50.00 target price on Nordstrom and gave the stock a “hold” rating in a research report on Saturday, May 13th.
Several hedge funds have recently bought and sold shares of the company. Griffin Asset Management Inc. acquired a new position in shares of Nordstrom during the second quarter worth about $684,000. Achmea Investment Management B.V. boosted its position in shares of Nordstrom by 10.0% during the second quarter. Achmea Investment Management B.V. now owns 46,462 shares of the specialty retailer’s stock worth $2,218,000 after buying an additional 4,235 shares during the period. Toronto Dominion Bank boosted its position in shares of Nordstrom by 22.6% during the second quarter. Toronto Dominion Bank now owns 37,889 shares of the specialty retailer’s stock worth $1,812,000 after buying an additional 6,975 shares during the period. Cetera Investment Advisers acquired a new position in shares of Nordstrom during the second quarter worth about $269,000. Finally, Advisory Services Network LLC boosted its position in shares of Nordstrom by 41.8% during the second quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock worth $165,000 after buying an additional 1,018 shares during the period. 63.71% of the stock is owned by institutional investors.
Nordstrom (NYSE:JWN) opened at 46.10 on Friday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 21.84 and a beta of 0.82. Nordstrom has a 12-month low of $39.53 and a 12-month high of $62.82. The company’s 50-day moving average price is $46.08 and its 200-day moving average price is $45.60.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. Equities analysts expect that Nordstrom will post $2.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.21%. Nordstrom’s dividend payout ratio is currently 70.14%.
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.
Receive News & Ratings for Nordstrom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.