Equities research analysts predict that Nordstrom, Inc. (NYSE:JWN) will announce $1.20 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nordstrom’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.24. Nordstrom reported earnings per share of $1.37 during the same quarter last year, which indicates a negative year over year growth rate of 12.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Nordstrom will report full-year earnings of $2.90 per share for the current financial year, with EPS estimates ranging from $2.87 to $2.94. For the next financial year, analysts forecast that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.50 to $3.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Nordstrom.

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

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded Nordstrom from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $33.00 to $48.00 in a research note on Tuesday. ValuEngine downgraded Nordstrom from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Robert W. Baird set a $49.00 price target on Nordstrom and gave the stock a “hold” rating in a research note on Friday, December 22nd. Finally, BMO Capital Markets set a $44.00 price target on Nordstrom and gave the stock a “hold” rating in a research note on Monday, November 13th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.24.

Shares of Nordstrom (JWN) traded up $1.74 during midday trading on Wednesday, reaching $49.12. The company’s stock had a trading volume of 3,562,300 shares, compared to its average volume of 2,356,000. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. Nordstrom has a 1 year low of $37.79 and a 1 year high of $50.32. The stock has a market capitalization of $7,892.67, a P/E ratio of 17.30, a P/E/G ratio of 2.68 and a beta of 0.89.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 27th were given a dividend of $0.37 per share. The ex-dividend date was Friday, November 24th. This represents a $1.48 dividend on an annualized basis and a yield of 3.01%. Nordstrom’s dividend payout ratio (DPR) is presently 52.11%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans bought a new position in Nordstrom in the 2nd quarter valued at $202,000. Stonebridge Capital Advisors LLC boosted its position in Nordstrom by 5.0% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 71,988 shares of the specialty retailer’s stock valued at $3,443,000 after buying an additional 3,428 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Nordstrom by 233.6% in the 3rd quarter. Evergreen Capital Management LLC now owns 284,681 shares of the specialty retailer’s stock valued at $13,423,000 after purchasing an additional 199,339 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Nordstrom by 6.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 629,039 shares of the specialty retailer’s stock valued at $30,087,000 after purchasing an additional 36,465 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of Nordstrom by 6.8% in the 3rd quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock valued at $71,642,000 after purchasing an additional 97,000 shares during the period. Institutional investors and hedge funds own 57.58% of the company’s stock.

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About Nordstrom

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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