Nordstrom (JWN) Receiving Somewhat Positive Press Coverage, Accern Reports
Media stories about Nordstrom (NYSE:JWN) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nordstrom earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.2848984682123 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Nordstrom, Inc. (JWN) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Malls Turning to E-Commerce Based Retailers, Says Brown (finance.yahoo.com)
- American Century's Brown on Retail, Shopping Malls (finance.yahoo.com)
- The holidays could seal Nordstrom’s fate, as its attempt to go private hinges on sales being just right (cnbc.com)
- Nordstrom, Inc. (NYSE: JWN) – Hot Stock under Review – Alpha Beta Stock (alphabetastock.com)
A number of research analysts have recently weighed in on JWN shares. ValuEngine downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Gordon Haskett downgraded shares of Nordstrom from an “accumulate” rating to a “hold” rating in a report on Wednesday, September 13th. William Blair restated an “outperform” rating on shares of Nordstrom in a report on Tuesday, September 12th. KeyCorp set a $55.00 price target on shares of Nordstrom and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Cowen and Company restated an “outperform” rating and set a $53.00 price target (up previously from $49.00) on shares of Nordstrom in a report on Wednesday, September 13th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.33.
Nordstrom (JWN) traded down $0.14 during trading hours on Thursday, hitting $41.16. 1,607,700 shares of the stock traded hands, compared to its average volume of 2,897,498. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00. Nordstrom has a one year low of $37.79 and a one year high of $61.85. The company has a market cap of $6,820.00, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 2.33 and a beta of 0.84.
Nordstrom (NYSE:JWN) last issued its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. research analysts forecast that Nordstrom will post 2.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.60%. Nordstrom’s dividend payout ratio (DPR) is currently 51.93%.
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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