3 hours Ago By ABMN Staff
Nordstrom, Inc. ( NYSE:JWN – Get Free Report ) has received an average rating of “Reduce” from the fourteen research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company.
The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.17. A number of equities research analysts recently weighed in on the stock.
UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $14.50 to $24.00 in a research report on Friday, January 10th.
Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 target price on shares of Nordstrom in a report on Monday, January 13th. Bank of America raised their price target on Nordstrom from $20.
00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Citigroup upped their price objective on Nordstrom from $22.
00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Argus cut Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th.
View Our Latest Stock Report on Nordstrom Nordstrom Trading Down 0.1 % Nordstrom ( NYSE:JWN – Get Free Report ) last released its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.
33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11.
Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%.
The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion.
During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was up 4.
6% on a year-over-year basis. On average, analysts predict that Nordstrom will post 1.97 EPS for the current year.
Nordstrom Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.19 per share.
The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 3.
14%. Nordstrom’s payout ratio is 48.41%.
Institutional Investors Weigh In On Nordstrom Institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Nordstrom by 355.9% during the 3rd quarter.
Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 993 shares during the period. Spire Wealth Management increased its holdings in shares of Nordstrom by 90.9% in the fourth quarter.
Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 1,000 shares in the last quarter. CWM LLC lifted its position in shares of Nordstrom by 28.7% during the 3rd quarter.
CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 810 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Nordstrom by 57.
7% in the 3rd quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock worth $81,000 after acquiring an additional 1,404 shares during the last quarter.
Finally, KBC Group NV boosted its position in shares of Nordstrom by 36.5% in the 4th quarter. KBC Group NV now owns 4,816 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 1,287 shares during the period.
88.73% of the stock is currently 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. See Also Receive News & Ratings for Nordstrom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom and related companies with MarketBeat.com's FREE daily email newsletter .
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