$0.27 EPS Expected for Nordstrom, Inc. (JWN) This Quarter
Brokerages expect Nordstrom, Inc. (NYSE:JWN) to report earnings per share of $0.27 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Nordstrom’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.34. Nordstrom reported earnings per share of $0.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The company is expected to issue its next earnings results on Thursday, May 11th.
According to Zacks, analysts expect that Nordstrom will report full year earnings of $2.90 per share for the current fiscal year, with EPS estimates ranging from $2.84 to $2.95. For the next financial year, analysts forecast that the business will post earnings of $2.95 per share, with EPS estimates ranging from $2.71 to $3.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Nordstrom.
Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, February 23rd. The specialty retailer reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.22. Nordstrom had a net margin of 2.28% and a return on equity of 58.85%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business posted $1.17 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year.
A number of research firms recently commented on JWN. Vetr lowered Nordstrom from a “strong-buy” rating to a “buy” rating and set a $48.92 price target on the stock. in a research report on Monday, April 10th. Credit Suisse Group AG set a $52.00 price target on Nordstrom and gave the stock a “buy” rating in a research report on Saturday, April 1st. BMO Capital Markets restated a “hold” rating and set a $50.00 price target on shares of Nordstrom in a research report on Monday, March 27th. Royal Bank of Canada restated a “hold” rating and set a $47.00 price target on shares of Nordstrom in a research report on Monday, March 27th. Finally, Zacks Investment Research upgraded Nordstrom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.90.
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Nordstrom (NYSE:JWN) traded down 0.07% during midday trading on Thursday, hitting $46.07. 1,096,496 shares of the company were exchanged. Nordstrom has a 1-year low of $35.01 and a 1-year high of $62.82. The firm has a market capitalization of $7.69 billion, a PE ratio of 22.81 and a beta of 1.01. The stock has a 50 day moving average of $44.73 and a 200 day moving average of $49.25.
In other news, insider Peter E. Nordstrom sold 3,297 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $44.75, for a total value of $147,540.75. Following the transaction, the insider now owns 2,312,789 shares of the company’s stock, valued at approximately $103,497,307.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel F. Little sold 7,423 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $47.01, for a total value of $348,955.23. Following the sale, the insider now directly owns 76,371 shares in the company, valued at approximately $3,590,200.71. The disclosure for this sale can be found here. In the last three months, insiders sold 19,333 shares of company stock worth $888,010. 7.03% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of JWN. Sowell Financial Services LLC acquired a new stake in shares of Nordstrom during the fourth quarter valued at approximately $123,000. Johnson Financial Group Inc. increased its stake in shares of Nordstrom by 7.9% in the fourth quarter. Johnson Financial Group Inc. now owns 2,600 shares of the specialty retailer’s stock valued at $125,000 after buying an additional 190 shares during the last quarter. Orinda Asset Management LLC acquired a new stake in shares of Nordstrom during the third quarter valued at approximately $129,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Nordstrom during the fourth quarter valued at approximately $133,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Nordstrom during the third quarter valued at approximately $156,000. 66.03% of the stock is currently owned by institutional investors and hedge funds.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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