NYSE:JWN

Nordstrom (JWN) Stock Price, News & Analysis

$20.10
+0.12 (+0.60%)
(As of 05/3/2024 08:52 PM ET)
Today's Range
$19.90
$20.49
50-Day Range
$16.90
$21.68
52-Week Range
$12.88
$23.53
Volume
2.40 million shs
Average Volume
4.29 million shs
Market Capitalization
$3.28 billion
P/E Ratio
25.13
Dividend Yield
3.78%
Price Target
$16.54

Nordstrom MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.64 Rating Score
Upside/​Downside
17.7% Downside
$16.54 Price Target
Short Interest
Bearish
22.09% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.38mentions of Nordstrom in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.10%
From $1.81 to $1.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.55 out of 5 stars

Retail/Wholesale Sector

119th out of 202 stocks

Family Clothing Stores Industry

6th out of 11 stocks

JWN stock logo

About Nordstrom Stock (NYSE:JWN)

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. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.

JWN Stock Price History

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Company Calendar

Last Earnings
3/05/2024
Ex-Dividend for 3/27 Dividend
3/11/2024
Dividend Payable
3/27/2024
Today
5/05/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Family clothing stores
Sub-Industry
Department Stores
CUSIP
65566410
Employees
54,000
Year Founded
1901

Price Target and Rating

Average Stock Price Target
$16.54
High Stock Price Target
$20.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-17.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$134 million
Pretax Margin
1.00%

Debt

Sales & Book Value

Annual Sales
$14.69 billion
Cash Flow
$7.05 per share
Book Value
$5.22 per share

Miscellaneous

Free Float
153,822,000
Market Cap
$3.28 billion
Optionable
Optionable
Beta
2.59

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JWN Stock Analysis - Frequently Asked Questions

Should I buy or sell Nordstrom stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" JWN shares.
View JWN analyst ratings
or view top-rated stocks.

What is Nordstrom's stock price target for 2024?

11 analysts have issued twelve-month price objectives for Nordstrom's shares. Their JWN share price targets range from $11.00 to $20.00. On average, they predict the company's stock price to reach $16.54 in the next twelve months. This suggests that the stock has a possible downside of 17.7%.
View analysts price targets for JWN
or view top-rated stocks among Wall Street analysts.

How have JWN shares performed in 2024?

Nordstrom's stock was trading at $18.45 at the beginning of the year. Since then, JWN stock has increased by 8.9% and is now trading at $20.10.
View the best growth stocks for 2024 here
.

When is Nordstrom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our JWN earnings forecast
.

How were Nordstrom's earnings last quarter?

Nordstrom, Inc. (NYSE:JWN) announced its quarterly earnings results on Tuesday, March, 5th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.06. The specialty retailer had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.38 billion. Nordstrom had a trailing twelve-month return on equity of 49.30% and a net margin of 0.91%. The business's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS.

How often does Nordstrom pay dividends? What is the dividend yield for Nordstrom?

Nordstrom declared a quarterly dividend on Wednesday, February 28th. Stockholders of record on Tuesday, March 12th will be given 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 3.78%. The ex-dividend date of this dividend is Monday, March 11th.
Read our dividend analysis for JWN
.

Is Nordstrom a good dividend stock?

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.78%. 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.

How will Nordstrom's stock buyback program work?

Nordstrom declared that its board has approved a stock buyback program on Tuesday, May 24th 2022, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 15.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

What guidance has Nordstrom issued on next quarter's earnings?

Nordstrom updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of 1.650-2.050 for the period, compared to the consensus earnings per share 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.

What is Erik B. Nordstrom and Peter E. Nordstrom's approval rating as Nordstrom's CEO?

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.

What other stocks do shareholders of Nordstrom own?

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).

Who are Nordstrom's major shareholders?

Nordstrom's stock is owned by a variety of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.75%), Pacifica Capital Investments LLC (0.42%), Principal Financial Group Inc. (0.23%), Capstone Investment Advisors LLC (0.13%), Commonwealth Equity Services LLC (0.12%) and BNP Paribas Financial Markets (0.08%). Insiders that own company stock include Anne L Bramman, Bradley D Tilden, Farrell B Redwine, Geevy Sk Thomas, Gemma Lionello and Teri Bariquit.
View institutional ownership trends
.

How do I buy shares of Nordstrom?

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.
Compare Top Brokerages Here.

This page (NYSE:JWN) was last updated on 5/6/2024 by MarketBeat.com Staff

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