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

Nordstrom, Inc. (NYSE:JWN) has earned an average recommendation of “Reduce” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $21.13.

JWN has been the subject of a number of research analyst reports. UBS Group raised their target price on Nordstrom from $13.00 to $14.50 and gave the company a “sell” rating in a research note on Wednesday, November 27th. Argus lowered shares of Nordstrom from a “buy” rating to a “sell” rating in a report on Monday, December 30th. Bank of America lifted their price objective on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their price objective on Nordstrom from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 24th. Finally, KeyCorp cut shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a research note on Thursday, September 26th.

Nordstrom Stock Performance

Shares of NYSE:JWN opened at $24.17 on Friday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 15.40 and a beta of 2.56. Nordstrom has a 12 month low of $16.63 and a 12 month high of $24.99. The company has a 50-day moving average price of $23.30 and a 200-day moving average price of $22.61. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last issued its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities analysts anticipate that Nordstrom will post 1.94 EPS for the current 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. This represents a $0.76 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Hedge Funds Weigh In On Nordstrom

Institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its holdings in shares of 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. Point72 Hong Kong Ltd purchased a new stake in shares of Nordstrom in the second quarter worth approximately $71,000. Blue Trust Inc. grew its position in Nordstrom by 57.7% in the 3rd quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock valued at $81,000 after acquiring an additional 1,404 shares during the last quarter. CWM LLC lifted its position in shares of Nordstrom by 28.7% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 810 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Nordstrom by 70.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,387 shares of the specialty retailer’s stock worth $112,000 after buying an additional 2,227 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.