Nordstrom Inc. (JWN) Shares Down 2.4%
Nordstrom Inc. (NYSE:JWN) shares fell 2.4% on Tuesday . The stock traded as low as $51.20 and last traded at $51.21, with a volume of 1,113,032 shares traded. The stock had previously closed at $52.45.
Several brokerages recently weighed in on JWN. Citigroup Inc. reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Sterne Agee CRT reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Credit Suisse Group AG reiterated a “hold” rating on shares of Nordstrom in a research report on Saturday, May 14th. Vetr upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $47.50 price objective for the company in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus increased their price objective on Nordstrom from $44.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.13.
The stock has a 50-day moving average of $46.23 and a 200 day moving average of $46.98. The company has a market capitalization of $8.78 billion and a PE ratio of 21.587.
Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Analysts predict that Nordstrom Inc. will post $2.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Monday, August 29th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, August 25th.
Nordstrom, Inc is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.