William Blair Issues Positive Outlook for Nordstrom Earnings

Nordstrom, Inc. (NYSE:JWN) – William Blair upped their FY2026 earnings per share estimates for shares of Nordstrom in a report released on Wednesday, November 27th. William Blair analyst D. Carden now expects that the specialty retailer will post earnings per share of $2.09 for the year, up from their previous estimate of $2.07. The consensus estimate for Nordstrom’s current full-year earnings is $1.91 per share.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS.

Other analysts have also recently issued research reports about the company. Evercore ISI upped their price objective on Nordstrom from $20.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday. Bank of America upped their price target on shares of Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, August 28th. Telsey Advisory Group boosted their target price on shares of Nordstrom from $24.00 to $26.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Nordstrom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.29.

Nordstrom Price Performance

NYSE JWN opened at $22.62 on Thursday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 13.23 and a beta of 2.59. Nordstrom has a 1-year low of $14.80 and a 1-year high of $24.99. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.41. The business’s fifty day moving average price is $22.85 and its 200-day moving average price is $22.23.

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.36%. Nordstrom’s dividend payout ratio is presently 44.44%.

Insider Activity

In related news, COO Alexis Depree sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total transaction of $464,000.00. Following the completion of the transaction, the chief operating officer now owns 169,331 shares in the company, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.78% of the company’s stock.

Institutional Trading of Nordstrom

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC bought a new position in shares of Nordstrom during the 3rd quarter valued at about $6,248,000. Olympiad Research LP bought a new position in Nordstrom during the third quarter valued at approximately $508,000. Point72 DIFC Ltd bought a new position in Nordstrom during the second quarter valued at approximately $1,174,000. Comerica Bank grew its holdings in Nordstrom by 59.9% during the 1st quarter. Comerica Bank now owns 75,806 shares of the specialty retailer’s stock valued at $1,537,000 after buying an additional 28,411 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Nordstrom by 66.2% in the 2nd quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock worth $35,251,000 after acquiring an additional 661,769 shares during the last quarter. 88.73% of the stock is currently owned by 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.