Analysts Set Expectations for Nordstrom, Inc.’s FY2018 Earnings (JWN)

Nordstrom, Inc. (NYSE:JWN) – Analysts at Northcoast Research lifted their FY2018 EPS estimates for shares of Nordstrom in a report issued on Wednesday. Northcoast Research analyst K. Szafraniec now anticipates that the specialty retailer will post earnings of $2.97 per share for the year, up from their previous forecast of $2.95. Northcoast Research also issued estimates for Nordstrom’s Q4 2018 earnings at $1.21 EPS and FY2019 earnings at $3.10 EPS.

Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. KeyCorp set a $55.00 price objective on shares of Nordstrom and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Nordstrom in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Nordstrom in a research report on Thursday, October 5th. Finally, Cowen reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nordstrom in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.63.

Shares of Nordstrom (NYSE JWN) opened at $51.82 on Friday. Nordstrom has a twelve month low of $37.79 and a twelve month high of $53.00. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30. The company has a market cap of $8,630.00, a PE ratio of 18.18, a PEG ratio of 2.81 and a beta of 0.89.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Nordstrom by 1.9% during the 2nd quarter. BlackRock Inc. now owns 8,171,548 shares of the specialty retailer’s stock worth $390,843,000 after purchasing an additional 150,539 shares during the last quarter. Principal Financial Group Inc. grew its position in Nordstrom by 7.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,967,191 shares of the specialty retailer’s stock worth $92,752,000 after purchasing an additional 136,053 shares during the last quarter. York Capital Management Global Advisors LLC purchased a new stake in Nordstrom during the 2nd quarter worth approximately $75,623,000. APG Asset Management N.V. grew its position in Nordstrom by 6.8% during the 3rd quarter. APG Asset Management N.V. now owns 1,519,455 shares of the specialty retailer’s stock worth $71,642,000 after purchasing an additional 97,000 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Nordstrom by 245.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,064,584 shares of the specialty retailer’s stock worth $50,919,000 after purchasing an additional 756,061 shares during the last quarter. 57.58% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Nordstrom (NYSE:JWN)

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