Nordstrom, Inc. (NYSE:JWN) Receives $22.17 Average Target Price from Analysts

Shares of Nordstrom, Inc. (NYSE:JWNGet Free Report) have been assigned an average rating of “Reduce” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.17.

A number of brokerages have issued reports on JWN. Citigroup raised their price target on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. StockNews.com started coverage on shares of Nordstrom in a research report on Sunday, January 26th. They issued a “buy” rating on the stock. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and upped their price target for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Evercore ISI lifted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a report on Monday, January 13th.

View Our Latest Stock Analysis on JWN

Nordstrom Stock Performance

Shares of NYSE JWN opened at $24.22 on Thursday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. The company has a market cap of $4.00 billion, a PE ratio of 15.42 and a beta of 2.52. The company has a 50-day simple moving average of $23.84 and a 200-day simple moving average of $22.94. Nordstrom has a 12 month low of $16.78 and a 12 month high of $24.99.

Nordstrom (NYSE:JWNGet Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Nordstrom’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. On average, equities analysts anticipate that Nordstrom will post 1.97 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Tuesday, December 3rd. Nordstrom’s dividend payout ratio is presently 48.41%.

Institutional Investors Weigh In On Nordstrom

A number of large investors have recently added to or reduced their stakes in JWN. Hennessy Advisors Inc. acquired a new position in shares of Nordstrom in the 4th quarter valued at approximately $56,026,000. Geode Capital Management LLC increased its stake in shares of Nordstrom by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock worth $36,570,000 after buying an additional 5,407 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Nordstrom by 17.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,856 shares of the specialty retailer’s stock worth $32,000,000 after buying an additional 208,193 shares during the last quarter. Verition Fund Management LLC raised its holdings in Nordstrom by 147.4% in the third quarter. Verition Fund Management LLC now owns 1,218,365 shares of the specialty retailer’s stock valued at $27,401,000 after acquiring an additional 725,803 shares in the last quarter. Finally, Axiom Advisory LLC boosted its stake in Nordstrom by 46.0% during the 3rd quarter. Axiom Advisory LLC now owns 1,100,864 shares of the specialty retailer’s stock valued at $24,456,000 after acquiring an additional 346,994 shares during the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

About Nordstrom

(Get Free Report

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods 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 stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.

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Analyst Recommendations for Nordstrom (NYSE:JWN)

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