Analysts Set Nordstrom, Inc. (NYSE:JWN) PT at $16.87

Nordstrom, Inc. (NYSE:JWNGet Free Report) has been assigned an average recommendation of “Reduce” from the twelve research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.87.

Several equities research analysts recently weighed in on JWN shares. Telsey Advisory Group decreased their price target on Nordstrom from $19.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 22nd. KeyCorp decreased their price target on Nordstrom from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. The Goldman Sachs Group reduced their price objective on Nordstrom from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 22nd. Piper Sandler dropped their target price on Nordstrom from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Finally, StockNews.com downgraded Nordstrom from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd.

View Our Latest Analysis on Nordstrom

Nordstrom Price Performance

Shares of NYSE JWN opened at $19.48 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.00 and a quick ratio of 0.29. The stock has a fifty day moving average price of $17.29 and a 200 day moving average price of $16.93. Nordstrom has a 1-year low of $12.88 and a 1-year high of $27.15. The company has a market cap of $3.16 billion, a PE ratio of 27.06, a P/E/G ratio of 1.88 and a beta of 2.51.

Nordstrom (NYSE:JWNGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.12. Nordstrom had a return on equity of 45.64% and a net margin of 0.81%. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Sell-side analysts forecast that Nordstrom will post 2.06 EPS for the current year.

Nordstrom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Monday, November 27th. Nordstrom’s payout ratio is presently 105.56%.

Institutional Investors Weigh In On Nordstrom

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in shares of Nordstrom in the 2nd quarter valued at $29,000. Advisory Services Network LLC lifted its position in shares of Nordstrom by 315.9% during the 1st quarter. Advisory Services Network LLC now owns 2,487 shares of the specialty retailer’s stock worth $40,000 after buying an additional 1,889 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Nordstrom in the 3rd quarter worth approximately $45,000. Dark Forest Capital Management LP grew its stake in Nordstrom by 194.2% in the 1st quarter. Dark Forest Capital Management LP now owns 3,195 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 2,109 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Nordstrom by 44.9% during the 2nd quarter. Captrust Financial Advisors now owns 2,738 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 849 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors.

Nordstrom Company Profile

(Get Free Report

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; and clearance stores under the Last Chance name.

Further Reading

Analyst Recommendations for Nordstrom (NYSE:JWN)

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