Nordstrom, Inc. (NYSE:JWN) has been given a consensus rating of “Hold” by the twenty-three brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.08.
JWN has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Gordon Haskett lowered Nordstrom from a “hold” rating to an “underperform” rating and set a $43.00 price objective for the company. in a report on Thursday, March 21st. TheStreet cut shares of Nordstrom from a “b-” rating to a “c+” rating in a research report on Tuesday, January 8th. Citigroup lifted their target price on shares of Nordstrom from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Wolfe Research reissued a “peer perform” rating and issued a $44.00 price target (down previously from $53.00) on shares of Nordstrom in a research note on Thursday, January 17th.
Shares of JWN stock opened at $45.64 on Friday. The company has a market cap of $7.07 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. Nordstrom has a 12 month low of $42.54 and a 12 month high of $67.75. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00.
Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, research analysts forecast that Nordstrom will post 3.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, March 8th. Nordstrom’s payout ratio is currently 41.69%.
In related news, insider Erik B. Nordstrom sold 17,762 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $44.07, for a total value of $782,771.34. Following the completion of the transaction, the insider now directly owns 2,653,314 shares of the company’s stock, valued at $116,931,547.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Erik B. Nordstrom sold 1,169 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $44.70, for a total transaction of $52,254.30. Following the completion of the sale, the insider now 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. Insiders have sold a total of 49,180 shares of company stock worth $2,164,864 in the last ninety days. Insiders own 7.05% of the company’s stock.
A number of institutional investors have recently bought and sold shares of JWN. CX Institutional bought a new stake in shares of Nordstrom during the 1st quarter worth approximately $41,000. Financial Advocates Investment Management lifted its stake in Nordstrom by 67.4% during the fourth quarter. Financial Advocates Investment Management now owns 2,357 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 949 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Nordstrom by 4,156.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock worth $62,000 after buying an additional 2,830,753 shares during the period. We Are One Seven LLC acquired a new position in shares of Nordstrom in the fourth quarter worth about $92,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Nordstrom in the fourth quarter worth approximately $97,000. 66.06% of the stock is currently owned by institutional investors and hedge funds.
Nordstrom Company Profile
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.
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