Investment Analysts’ Weekly Ratings Changes for Nordstrom (JWN)

Nordstrom (NYSE: JWN) recently received a number of ratings updates from brokerages and research firms:

  • 1/23/2023 – Nordstrom had its price target lowered by analysts at Morgan Stanley from $21.00 to $19.00. They now have an “underweight” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at JPMorgan Chase & Co. from $15.00 to $13.00. They now have an “underweight” rating on the stock.
  • 1/20/2023 – Nordstrom was downgraded by analysts at Gordon Haskett from a “hold” rating to a “reduce” rating. They now have a $13.00 price target on the stock, down previously from $20.00.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at KeyCorp from $30.00 to $22.00. They now have an “overweight” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at Citigroup Inc. from $21.00 to $17.00. They now have a “neutral” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at Credit Suisse Group AG from $20.00 to $17.00. They now have a “neutral” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at Telsey Advisory Group from $25.00 to $19.00. They now have a “market perform” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at BMO Capital Markets from $23.00 to $20.00. They now have a “market perform” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at Evercore ISI from $25.00 to $16.00. They now have an “in-line” rating on the stock.
  • 1/20/2023 – Nordstrom had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $21.00 to $17.00.
  • 1/5/2023 – Nordstrom was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $20.00 price target on the stock, down previously from $26.00.
  • 1/3/2023 – Nordstrom had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $15.00.
  • 12/12/2022 – Nordstrom was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 12/7/2022 – Nordstrom had its price target lowered by analysts at JPMorgan Chase & Co. from $20.00 to $16.00.
  • 12/1/2022 – Nordstrom was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 11/28/2022 – Nordstrom had its price target raised by analysts at Morgan Stanley from $18.00 to $21.00. They now have an “underweight” rating on the stock.

Nordstrom Trading Up 0.7 %

Shares of JWN traded up $0.13 on Wednesday, hitting $18.43. 5,966,008 shares of the stock traded hands, compared to its average volume of 5,488,213. The company has a quick ratio of 0.24, a current ratio of 0.99 and a debt-to-equity ratio of 4.71. The firm has a market capitalization of $2.95 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.69 and a beta of 2.17. The stock’s 50 day moving average is $18.17 and its two-hundred day moving average is $19.63. Nordstrom, Inc. has a 1 year low of $15.52 and a 1 year high of $29.59.

Nordstrom (NYSE:JWNGet Rating) last issued its quarterly earnings results on Tuesday, November 22nd. The specialty retailer reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. Nordstrom had a net margin of 2.08% and a return on equity of 58.09%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. Nordstrom’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Nordstrom, Inc. will post 1.64 earnings per share for the current year.

Nordstrom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Tuesday, November 29th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, November 28th. Nordstrom’s dividend payout ratio (DPR) is 38.00%.

Institutional Investors Weigh In On Nordstrom

Several large investors have recently made changes to their positions in JWN. Prudential Financial Inc. grew its holdings in Nordstrom by 3.4% during the 1st quarter. Prudential Financial Inc. now owns 12,666 shares of the specialty retailer’s stock valued at $344,000 after purchasing an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Nordstrom by 10.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,860 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 453 shares in the last quarter. HighTower Advisors LLC grew its holdings in Nordstrom by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 58,656 shares of the specialty retailer’s stock valued at $1,592,000 after purchasing an additional 494 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Nordstrom by 4.2% during the 1st quarter. Guggenheim Capital LLC now owns 14,001 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 568 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Nordstrom by 1.3% during the 3rd quarter. Treasurer of the State of North Carolina now owns 47,945 shares of the specialty retailer’s stock valued at $802,000 after purchasing an additional 620 shares in the last quarter. Institutional investors and hedge funds own 66.41% of the company’s stock.

Nordstrom, Inc engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children.

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