Nordstrom, Inc. (NYSE:JWN) Receives Average Rating of “Reduce” from Brokerages

Nordstrom, Inc. (NYSE:JWN) has been given an average rating of “Reduce” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.90.

JWN has been the subject of several research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 price objective on shares of Nordstrom in a research note on Wednesday, March 5th. Bank of America raised their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 27th. StockNews.com started coverage on Nordstrom in a research note on Saturday, March 15th. They issued a “buy” rating for the company. Argus cut Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Finally, Evercore ISI lifted their price target on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th.

Nordstrom Price Performance

Shares of NYSE JWN opened at $24.30 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. The company has a market cap of $4.01 billion, a PE ratio of 15.48 and a beta of 2.60. The business has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $23.48. Nordstrom has a fifty-two week low of $17.21 and a fifty-two week high of $24.99.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.20. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.32 billion. As a group, equities analysts expect that Nordstrom will post 1.97 EPS for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, March 11th. Nordstrom’s payout ratio is currently 44.19%.

Institutional Trading of Nordstrom

Several institutional investors have recently bought and sold shares of JWN. Spire Wealth Management grew its holdings in 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 purchasing an additional 1,000 shares during the period. Wolverine Asset Management LLC acquired a new stake in Nordstrom in the fourth quarter valued at approximately $63,000. Vestcor Inc acquired a new stake in Nordstrom in the fourth quarter valued at approximately $63,000. Atlas Capital Advisors Inc. grew its holdings in Nordstrom by 45.5% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,446 shares of the specialty retailer’s stock valued at $107,000 after purchasing an additional 1,391 shares during the period. Finally, KBC Group NV grew its holdings in Nordstrom by 36.5% in the fourth 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 owned by institutional investors and hedge funds.

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.