Nordstrom, Inc. (NYSE:JWN) Receives Consensus Recommendation of “Hold” from Analysts

Nordstrom, Inc. (NYSE:JWN) has earned an average recommendation of “Hold” from the twenty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.33.

A number of equities analysts have issued reports on JWN shares. Telsey Advisory Group raised their target price on Nordstrom from $32.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. ValuEngine upgraded Nordstrom from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Wedbush raised their target price on Nordstrom from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Credit Suisse Group restated a “hold” rating and set a $33.00 target price on shares of Nordstrom in a report on Sunday, November 24th. Finally, Guggenheim restated a “hold” rating on shares of Nordstrom in a report on Tuesday, October 22nd.

In related news, CFO Anne L. Bramman sold 3,333 shares of Nordstrom stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $42.25, for a total value of $140,819.25. Following the sale, the chief financial officer now owns 91,100 shares of the company’s stock, valued at approximately $3,848,975. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter E. Nordstrom sold 77,609 shares of Nordstrom stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $41.05, for a total value of $3,185,849.45. Following the completion of the sale, the insider now directly owns 2,605,218 shares in the company, valued at approximately $106,944,198.90. The disclosure for this sale can be found here. Insiders have sold a total of 179,078 shares of company stock worth $7,485,698 in the last quarter. 5.21% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. CQS Cayman LP acquired a new stake in Nordstrom in the 2nd quarter valued at approximately $1,976,000. Disciplined Growth Investors Inc. MN raised its position in Nordstrom by 38.7% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,855,604 shares of the specialty retailer’s stock valued at $62,478,000 after buying an additional 517,324 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Nordstrom by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,118,490 shares of the specialty retailer’s stock valued at $35,636,000 after buying an additional 10,161 shares during the last quarter. Stifel Financial Corp raised its position in Nordstrom by 208.2% in the 3rd quarter. Stifel Financial Corp now owns 563,291 shares of the specialty retailer’s stock valued at $18,989,000 after buying an additional 380,498 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its position in Nordstrom by 146.6% in the 2nd quarter. A.R.T. Advisors LLC now owns 108,503 shares of the specialty retailer’s stock valued at $3,457,000 after buying an additional 64,500 shares during the last quarter. 65.90% of the stock is currently owned by institutional investors and hedge funds.

JWN traded down $0.17 during midday trading on Tuesday, reaching $41.50. 2,332,600 shares of the company were exchanged, compared to its average volume of 3,164,811. The company has a debt-to-equity ratio of 5.37, a quick ratio of 0.26 and a current ratio of 0.90. Nordstrom has a one year low of $25.01 and a one year high of $48.87. The stock has a market capitalization of $6.48 billion, a P/E ratio of 11.69, a PEG ratio of 2.03 and a beta of 0.76. The stock’s 50-day simple moving average is $39.75 and its 200 day simple moving average is $34.26.

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 Zacks’ consensus estimate of $0.64 by $0.17. Nordstrom had a return on equity of 70.45% and a net margin of 3.57%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the business earned $0.67 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. On average, research analysts anticipate that Nordstrom will post 3.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, November 27th. Nordstrom’s dividend payout ratio (DPR) is presently 41.69%.

Nordstrom Company Profile

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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Analyst Recommendations for Nordstrom (NYSE:JWN)

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