Nordstrom, Inc. (NYSE:JWN) Receives $21.29 Average Price Target from Analysts

Shares of Nordstrom, Inc. (NYSE:JWN) have been given an average recommendation of “Reduce” by the thirteen research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.29.

Several research analysts have commented on the company. Telsey Advisory Group lifted their price target on Nordstrom from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. TD Cowen lifted their price target on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Evercore ISI boosted their target price on Nordstrom from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Wednesday, November 27th. BMO Capital Markets boosted their target price on Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Wednesday, August 28th. Finally, Citigroup boosted their target price on Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Nordstrom Trading Up 3.0 %

JWN opened at $23.18 on Wednesday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 14.76 and a beta of 2.56. Nordstrom has a 52 week low of $16.63 and a 52 week high of $24.99. The business’s 50 day moving average is $23.03 and its two-hundred day moving average is $22.37. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom (NYSE:JWN) last released its quarterly earnings results 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 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, research analysts predict that Nordstrom will post 1.94 EPS for the current year.

Nordstrom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom’s dividend payout ratio is presently 48.41%.

Insider Buying and Selling

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now directly owns 169,331 shares in the company, valued at approximately $3,928,479.20. The trade was a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Nordstrom

Institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in Nordstrom by 355.9% during the third 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 in the last quarter. Atlas Capital Advisors LLC boosted its position in Nordstrom by 101.8% during the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 752 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Nordstrom during the second quarter worth $39,000. Blue Trust Inc. boosted its position in Nordstrom by 10,045.8% during the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Nordstrom during the second quarter worth $71,000. 88.73% of the stock is currently 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.