Nordstrom (NYSE:JWN) is set to release its earnings data after the market closes on Tuesday, May 21st. Analysts expect Nordstrom to post earnings of $0.46 per share for the quarter. Nordstrom has set its FY 2019 guidance at $3.65-3.90 EPS.
Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the firm earned $1.20 EPS. On average, analysts expect Nordstrom to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of JWN stock opened at $37.60 on Tuesday. Nordstrom has a 1 year low of $37.41 and a 1 year high of $67.75. The firm has a market cap of $6.10 billion, a PE ratio of 10.59, a PEG ratio of 1.76 and a beta of 0.48. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00.
Several equities analysts have recently issued reports on the company. Credit Suisse Group lowered their price target on Nordstrom from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, January 16th. Wedbush cut Nordstrom from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $65.00 to $40.00 in a research report on Thursday, May 9th. Bank of America set a $48.00 price target on Nordstrom and gave the company a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, March 19th. Finally, Guggenheim reiterated a “hold” rating on shares of Nordstrom in a research report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $50.13.
In other news, insider Erik B. Nordstrom sold 17,762 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $44.07, for a total transaction of $782,771.34. Following the completion of the sale, the insider now directly owns 2,653,314 shares of the company’s stock, valued at approximately $116,931,547.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Erik B. Nordstrom sold 1,169 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $44.70, for a total value of $52,254.30. Following the sale, the insider now directly owns 2,671,406 shares of the company’s stock, valued at $119,411,848.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,180 shares of company stock valued at $2,164,864. Corporate insiders own 5.21% of the company’s stock.
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Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.
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