TheStreet upgraded shares of Nordstrom (NYSE:JWN) from a c+ rating to a b- rating in a research note published on Friday, TheStreetRatingsTable reports.
Other analysts have also issued reports about the stock. KeyCorp cut their target price on shares of Nordstrom from $52.00 to $48.00 and set an overweight rating for the company in a research report on Thursday, August 22nd. Morgan Stanley decreased their price target on shares of Nordstrom from $40.00 to $33.00 and set an equal weight rating on the stock in a research report on Friday, August 23rd. Bank of America reiterated an underperform rating and issued a $29.00 price target (down from $32.00) on shares of Nordstrom in a research report on Thursday, August 22nd. Credit Suisse Group reissued a hold rating and set a $33.00 price objective on shares of Nordstrom in a research report on Sunday, November 24th. Finally, UBS Group lowered Nordstrom from a neutral rating to a sell rating and set a $30.00 price objective for the company. in a research note on Wednesday, October 30th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $36.88.
JWN opened at $37.54 on Friday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.87 and a beta of 0.73. The firm has a 50 day moving average price of $36.73 and a 200-day moving average price of $32.84. Nordstrom has a twelve month low of $25.01 and a twelve month high of $53.77. The company has a quick ratio of 0.26, a current ratio of 0.90 and a debt-to-equity ratio of 5.37.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, November 21st. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.17. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Nordstrom had a net margin of 3.57% and a return on equity of 70.45%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. As a group, analysts expect that Nordstrom will post 3.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Wednesday, November 27th. Nordstrom’s dividend payout ratio (DPR) is 41.69%.
A number of institutional investors have recently modified their holdings of the stock. Knuff & Co LLC bought a new stake in Nordstrom during the third quarter valued at about $27,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Nordstrom during the second quarter worth about $29,000. Resources Investment Advisors LLC. bought a new stake in Nordstrom during the 2nd quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC bought a new stake in Nordstrom during the 2nd quarter valued at approximately $47,000. Finally, Edge Wealth Management LLC raised its stake in Nordstrom by 50.0% during the 3rd quarter. Edge Wealth Management LLC now owns 1,500 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 500 shares during the period. 66.06% of the stock is owned by institutional investors.
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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