Telsey Advisory Group Increases Nordstrom (NYSE:JWN) Price Target to $26.00

Nordstrom (NYSE:JWN) had its price objective raised by Telsey Advisory Group from $24.00 to $26.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Nordstrom’s Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $2.00 EPS, Q4 2026 earnings at $0.96 EPS and FY2026 earnings at $2.06 EPS.

Several other research analysts also recently issued reports on JWN. Bank of America lifted their price target on Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group upped their price target on shares of Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Citigroup lifted their price objective on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Finally, TD Cowen increased their target price on Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.29.

Nordstrom Trading Up 0.4 %

Shares of Nordstrom stock opened at $22.71 on Wednesday. The company has a 50-day moving average of $22.85 and a two-hundred day moving average of $22.24. Nordstrom has a 12-month low of $15.08 and a 12-month high of $24.99. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 2.65. The stock has a market cap of $3.73 billion, a PE ratio of 14.47 and a beta of 2.59.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, research analysts anticipate that Nordstrom will post 1.93 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 3.35%. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Insider Buying and Selling at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total transaction of $464,000.00. Following the transaction, the chief operating officer now owns 169,331 shares of the company’s stock, valued at $3,928,479.20. This trade represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.78% of the stock is owned by company insiders.

Institutional Trading of Nordstrom

Several institutional investors have recently made changes to their positions in JWN. Franklin Resources Inc. boosted its holdings in Nordstrom by 29.9% in the third quarter. Franklin Resources Inc. now owns 50,294 shares of the specialty retailer’s stock valued at $1,152,000 after acquiring an additional 11,583 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Nordstrom by 47.8% in the 3rd quarter. Tidal Investments LLC now owns 17,602 shares of the specialty retailer’s stock valued at $396,000 after purchasing an additional 5,690 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Nordstrom by 160.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 51,071 shares of the specialty retailer’s stock worth $1,187,000 after purchasing an additional 31,498 shares during the period. Virtu Financial LLC purchased a new stake in shares of Nordstrom during the 3rd quarter worth about $451,000. Finally, Geode Capital Management LLC raised its holdings in Nordstrom by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,625,616 shares of the specialty retailer’s stock valued at $36,570,000 after buying an additional 5,407 shares during the period. 88.73% of the stock is owned by hedge funds and other institutional investors.

Nordstrom Company Profile

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.