Nordstrom, Inc. (JWN) Expected to Announce Quarterly Sales of $4.61 Billion

Wall Street brokerages expect Nordstrom, Inc. (NYSE:JWN) to post $4.61 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Nordstrom’s earnings. The highest sales estimate is $4.67 billion and the lowest is $4.57 billion. Nordstrom posted sales of $4.32 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, March 1st.

On average, analysts expect that Nordstrom will report full-year sales of $4.61 billion for the current year, with estimates ranging from $15.38 billion to $15.45 billion. For the next year, analysts expect that the business will report sales of $15.65 billion per share, with estimates ranging from $15.50 billion to $15.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Nordstrom.

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

JWN has been the topic of a number of research analyst reports. KeyCorp set a $55.00 price target on shares of Nordstrom and gave the company a “buy” rating in a research note on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and issued a $50.00 price target on shares of Nordstrom in a research note on Wednesday, November 1st. ValuEngine downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Cowen restated a “buy” rating and issued a $50.00 price target on shares of Nordstrom in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.03.

A number of institutional investors have recently added to or reduced their stakes in JWN. Thrivent Financial For Lutherans bought a new position in Nordstrom during the 2nd quarter worth approximately $202,000. Mutual of America Capital Management LLC raised its holdings in Nordstrom by 19.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 13,555 shares of the specialty retailer’s stock worth $648,000 after purchasing an additional 2,239 shares during the last quarter. Nordea Investment Management AB raised its holdings in Nordstrom by 7.2% during the 2nd quarter. Nordea Investment Management AB now owns 4,264 shares of the specialty retailer’s stock worth $204,000 after purchasing an additional 287 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Nordstrom by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 685,817 shares of the specialty retailer’s stock worth $32,802,000 after purchasing an additional 8,617 shares during the last quarter. Finally, OxFORD Asset Management LLP raised its holdings in Nordstrom by 142.1% during the 2nd quarter. OxFORD Asset Management LLP now owns 25,273 shares of the specialty retailer’s stock worth $1,209,000 after purchasing an additional 14,832 shares during the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Shares of Nordstrom (NYSE JWN) opened at $49.30 on Thursday. Nordstrom has a one year low of $37.79 and a one year high of $53.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14. The firm has a market cap of $8,039.27, a P/E ratio of 17.36, a PEG ratio of 2.57 and a beta of 0.90.

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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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