-$0.10 Earnings Per Share Expected for Nordstrom, Inc. (NYSE:JWN) This Quarter

Wall Street analysts forecast that Nordstrom, Inc. (NYSE:JWNGet Rating) will post earnings per share (EPS) of ($0.10) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Nordstrom’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.16). Nordstrom posted earnings of ($0.64) per share during the same quarter last year, which would indicate a positive year over year growth rate of 84.4%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Nordstrom will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.36. For the next year, analysts expect that the business will post earnings of $3.30 per share, with EPS estimates ranging from $2.30 to $3.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Nordstrom.

Nordstrom (NYSE:JWNGet Rating) last released its earnings results on Tuesday, March 1st. The specialty retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.19. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.36 billion. Nordstrom had a return on equity of 70.74% and a net margin of 1.20%. Nordstrom’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share.

JWN has been the topic of several research analyst reports. Credit Suisse Group upped their price objective on Nordstrom from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 2nd. JPMorgan Chase & Co. increased their target price on Nordstrom from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 2nd. StockNews.com started coverage on Nordstrom in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Telsey Advisory Group increased their target price on Nordstrom from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 2nd. Finally, Citigroup increased their target price on Nordstrom from $25.00 to $27.00 in a research note on Wednesday, March 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.20.

Several institutional investors and hedge funds have recently made changes to their positions in JWN. Counterpoint Mutual Funds LLC bought a new position in shares of Nordstrom in the 4th quarter valued at $29,000. Mine & Arao Wealth Creation & Management LLC. raised its position in Nordstrom by 293.3% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 1,180 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 880 shares during the last quarter. Charter Oak Capital Management LLC raised its position in Nordstrom by 209.1% during the 4th quarter. Charter Oak Capital Management LLC now owns 1,626 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 1,100 shares during the last quarter. Kozak & Associates Inc. bought a new position in Nordstrom during the 3rd quarter worth $45,000. Finally, TCTC Holdings LLC bought a new position in Nordstrom during the 3rd quarter worth $48,000. Institutional investors own 58.79% of the company’s stock.

NYSE:JWN traded down $0.27 on Friday, hitting $28.85. The company’s stock had a trading volume of 2,851,961 shares, compared to its average volume of 4,533,710. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 4.91. The stock has a fifty day moving average of $24.98 and a two-hundred day moving average of $25.18. The firm has a market capitalization of $4.60 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.46 and a beta of 2.38. Nordstrom has a one year low of $18.65 and a one year high of $43.80.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Stockholders of record on Monday, March 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, March 25th. Nordstrom’s payout ratio is 71.70%.

About Nordstrom (Get Rating)

Nordstrom, Inc engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the Retail and Corporate/Other segments. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children.

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