Nordstrom, Inc. (NYSE:JWN) – Stock analysts at Northcoast Research issued their Q1 2019 earnings per share estimates for Nordstrom in a research note issued to investors on Thursday, Zacks Investment Research reports. Northcoast Research analyst K. Szafraniec expects that the specialty retailer will earn $0.43 per share for the quarter. Northcoast Research also issued estimates for Nordstrom’s Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.76 EPS, Q4 2019 earnings at $1.43 EPS, FY2019 earnings at $3.40 EPS and FY2020 earnings at $3.50 EPS.
A number of other brokerages have also weighed in on JWN. BMO Capital Markets lifted their price objective on Nordstrom from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, March 5th. Robert W. Baird reissued a “neutral” rating on shares of Nordstrom in a research note on Friday, March 2nd. ValuEngine lowered Nordstrom from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. William Blair lowered Nordstrom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 23rd. Finally, TheStreet raised Nordstrom from a “c+” rating to a “b-” rating in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. Nordstrom currently has a consensus rating of “Hold” and a consensus price target of $48.92.
JWN traded down $0.88 during trading on Friday, reaching $47.53. The company’s stock had a trading volume of 2,278,498 shares, compared to its average volume of 2,053,477. Nordstrom has a 52-week low of $37.79 and a 52-week high of $54.00. The firm has a market capitalization of $8,084.47, a PE ratio of 16.06, a P/E/G ratio of 2.36 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74.
Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.04). Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm posted $1.27 EPS. Nordstrom’s revenue for the quarter was up 8.4% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Monday, March 5th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.48 annualized dividend and a dividend yield of 3.11%. Nordstrom’s dividend payout ratio is currently 50.00%.
Institutional investors have recently modified their holdings of the stock. Wealthstreet Investment Advisors LLC acquired a new position in shares of Nordstrom during the 4th quarter worth approximately $332,000. Buckley Wealth Management LLC acquired a new position in Nordstrom in the 4th quarter valued at $625,000. Evergreen Capital Management LLC raised its holdings in 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 acquiring an additional 199,339 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Nordstrom by 26.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 797,763 shares of the specialty retailer’s stock valued at $37,615,000 after acquiring an additional 168,724 shares during the last quarter. Finally, ING Groep NV raised its holdings in Nordstrom by 62.5% in the 3rd quarter. ING Groep NV now owns 10,057 shares of the specialty retailer’s stock valued at $474,000 after acquiring an additional 3,868 shares during the last quarter. Hedge funds and other institutional investors own 58.77% 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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