Nordstrom (JWN) Stock Price, News & Analysis

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" JWN shares.
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11 Wall Street research analysts have issued 12 month price targets for Nordstrom's stock. Their JWN share price targets range from $11.00 to $20.00. On average, they anticipate the company's stock price to reach $16.54 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
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Nordstrom's stock was trading at $18.45 at the beginning of the year. Since then, JWN shares have increased by 2.3% and is now trading at $18.87.
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Nordstrom saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 18,950,000 shares, an increase of 14.2% from the February 29th total of 16,600,000 shares. Based on an average daily trading volume, of 4,650,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 19.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
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Nordstrom, Inc. (NYSE:JWN) released its quarterly earnings data on Tuesday, March, 5th. The specialty retailer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.06. The specialty retailer had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a net margin of 0.91% and a trailing twelve-month return on equity of 49.30%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share.

Nordstrom announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Tuesday, March 12th will be paid a dividend of $0.19 per share on Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, March 11th.
Read our dividend analysis for JWN.

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.23%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 95.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, JWN will have a dividend payout ratio of 42.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

ETFs with the largest weight of Nordstrom (NYSE:JWN) stock in their portfolio include Invesco S&P Ultra Dividend Revenue ETF (RDIV), Invesco S&P MidCap 400 Pure Value ETF (RFV), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Hartford Longevity Economy ETF (HLGE), Invesco S&P MidCap 400 Revenue ETF (RWK) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Nordstrom announced that its board has approved a stock buyback program on Tuesday, May 24th 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 15.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Nordstrom issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of 1.650-2.050 for the period, compared to the consensus estimate of 1.980. The company issued revenue guidance of $14.4 billion-$14.8 billion, compared to the consensus revenue estimate of $14.6 billion.

1,086 employees have rated Nordstrom Chief Executive Officer Erik B. Nordstrom and Peter E. Nordstrom on Glassdoor.com. Erik B. Nordstrom and Peter E. Nordstrom has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordstrom investors own include Intel (INTC), Walt Disney (DIS), NVIDIA (NVDA), Starbucks (SBUX), General Electric (GE), AT&T (T), Bank of America (BAC), Boeing (BA), Pfizer (PFE) and Netflix (NFLX).

Nordstrom's stock is owned by many different institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.75%), Alaska Permanent Fund Corp (0.08%), Partnership Wealth Management LLC (0.08%), State of Michigan Retirement System (0.01%), Silverleafe Capital Partners LLC (0.01%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Alexis Depree, Anne L Bramman, Bradley D Tilden, Farrell B Redwine, Geevy Sk Thomas, Gemma Lionello, Michael W Maher, Scott A Meden and Teri Bariquit.
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Shares of JWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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