Nordstrom (JWN) Getting Somewhat Positive News Coverage, Accern Reports
Media headlines about Nordstrom (NYSE:JWN) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nordstrom earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 47.3761491750027 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- How Nordstrom Stock Reacted to Fiscal 2Q17 Earnings (finance.yahoo.com)
- [$$] Consumer companies wrestle with how to respond to Trump (finance.yahoo.com)
- Nordstrom, Inc. (JWN) Announces $0.37 Quarterly Dividend (americanbankingnews.com)
- Nordstrom, Inc. Expected to Post Q3 2018 Earnings of $0.62 Per Share (JWN) (americanbankingnews.com)
- Contrasting Nordstrom (JWN) & Sears Holdings Corporation (SHLD) (americanbankingnews.com)
Nordstrom (NYSE:JWN) traded down 0.18% on Wednesday, hitting $44.58. 1,170,166 shares of the stock were exchanged. The company has a 50 day moving average of $47.07 and a 200 day moving average of $45.53. Nordstrom has a one year low of $39.53 and a one year high of $62.82. The stock has a market capitalization of $7.41 billion, a P/E ratio of 21.12 and a beta of 0.83.
Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that Nordstrom will post $2.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.32%. Nordstrom’s dividend payout ratio is presently 70.14%.
Several research firms have recently issued reports on JWN. KeyCorp reiterated an “overweight” rating and issued a $55.00 price objective on shares of Nordstrom in a report on Monday. Robert W. Baird set a $50.00 price objective on shares of Nordstrom and gave the company a “hold” rating in a report on Saturday. Cowen and Company reiterated a “buy” rating and issued a $49.00 price objective on shares of Nordstrom in a report on Friday, August 11th. BidaskClub cut shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Wolfe Research increased their price objective on shares of Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.10.
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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