Nordstrom, Inc. (NYSE:JWN) Given Consensus Rating of “Reduce” by Analysts

Shares of Nordstrom, Inc. (NYSE:JWN) have been assigned an average rating of “Reduce” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.17.

A number of analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 price objective on shares of Nordstrom in a research report on Monday, January 13th. Evercore ISI boosted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Citigroup increased their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Finally, Barclays increased their price target on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th.

Institutional Investors Weigh In On Nordstrom

Several large investors have recently made changes to their positions in JWN. Venturi Wealth Management LLC boosted its stake in Nordstrom by 355.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 993 shares during the period. Spire Wealth Management boosted its position in shares of Nordstrom by 90.9% during the fourth quarter. Spire Wealth Management now owns 2,100 shares of the specialty retailer’s stock worth $51,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. grew its holdings in shares of Nordstrom by 57.7% during the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock worth $81,000 after buying an additional 1,404 shares in the last quarter. CWM LLC raised its position in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 810 shares during the last quarter. Finally, KBC Group NV lifted its stake in 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 acquiring an additional 1,287 shares in the last quarter. Institutional investors own 88.73% of the company’s stock.

Nordstrom Trading Down 0.1 %

Shares of JWN stock opened at $24.22 on Thursday. The company has a market capitalization of $4.00 billion, a P/E ratio of 15.42 and a beta of 2.52. Nordstrom has a 12-month low of $16.78 and a 12-month high of $24.99. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The firm has a 50-day moving average price of $23.74 and a 200 day moving average price of $22.92.

Nordstrom (NYSE:JWN) last posted 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. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Research analysts forecast that Nordstrom will post 1.97 earnings per share for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.14%. Nordstrom’s payout ratio is 48.41%.

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.