Analysts predict that Nordstrom, Inc. (NYSE:JWN) will report $4.58 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Nordstrom’s earnings, with estimates ranging from $4.53 billion to $4.62 billion. Nordstrom reported sales of $4.32 billion in the same quarter last year, which indicates a positive year over year growth rate of 6%. The business is expected to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Nordstrom will report full-year sales of $4.58 billion for the current fiscal year, with estimates ranging from $15.31 billion to $15.39 billion. For the next year, analysts forecast that the company will post sales of $15.57 billion per share, with estimates ranging from $15.39 billion to $15.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Nordstrom.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.50 billion. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share.

A number of research firms have recently weighed in on JWN. Zacks Investment Research raised Nordstrom from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research report on Wednesday, November 8th. Robert W. Baird cut their price target on shares of Nordstrom from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Cowen reiterated an “outperform” rating and issued a $53.00 price target (up previously from $49.00) on shares of Nordstrom in a report on Wednesday, September 13th. KeyCorp set a $55.00 price target on shares of Nordstrom and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, BidaskClub lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.33.

Shares of Nordstrom (JWN) opened at $45.45 on Friday. Nordstrom has a 52-week low of $37.79 and a 52-week high of $61.85. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. The stock has a market capitalization of $7,108.07, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.48 dividend on an annualized basis and a yield of 3.26%. Nordstrom’s dividend payout ratio (DPR) is presently 52.11%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Nordstrom by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 10,882,305 shares of the specialty retailer’s stock valued at $520,501,000 after buying an additional 2,985,551 shares in the last quarter. York Capital Management Global Advisors LLC bought a new stake in Nordstrom during the 2nd quarter worth about $75,623,000. Principal Financial Group Inc. raised its stake in Nordstrom by 168.7% during the second quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer’s stock worth $87,584,000 after acquiring an additional 1,149,685 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Nordstrom by 1,155.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 893,200 shares of the specialty retailer’s stock valued at $42,722,000 after buying an additional 822,038 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Nordstrom by 245.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,064,584 shares of the specialty retailer’s stock valued at $50,919,000 after buying an additional 756,061 shares during the last quarter. Hedge funds and other institutional investors own 57.68% of the company’s stock.

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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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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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