Nordstrom (NYSE:JWN) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Nordstrom (NYSE:JWN) in a research note published on Friday morning, Benzinga reports. The firm currently has a $19.00 price target on the specialty retailer’s stock.

A number of other equities analysts also recently weighed in on JWN. The Goldman Sachs Group upped their price target on shares of Nordstrom from $16.00 to $18.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. StockNews.com raised shares of Nordstrom from a hold rating to a buy rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. increased their target price on shares of Nordstrom from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Wednesday, March 6th. Barclays increased their target price on shares of Nordstrom from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Wednesday, March 6th. Finally, Bank of America increased their target price on shares of Nordstrom from $13.00 to $15.00 and gave the stock an underperform rating in a research report on Wednesday, March 6th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $16.54.

Nordstrom Price Performance

Shares of NYSE:JWN opened at $18.79 on Friday. Nordstrom has a one year low of $12.88 and a one year high of $23.53. The stock has a fifty day moving average of $19.22 and a 200-day moving average of $17.43. The company has a market capitalization of $3.07 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.14 and a beta of 2.59. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.41 and a current ratio of 1.02.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, March 5th. The specialty retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a return on equity of 49.30% and a net margin of 0.91%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, equities analysts anticipate that Nordstrom will post 1.81 EPS for the current fiscal year.

Nordstrom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, March 11th. Nordstrom’s dividend payout ratio (DPR) is currently 95.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Register Financial Advisors LLC acquired a new stake in shares of Nordstrom in the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC increased its holdings in shares of Nordstrom by 77.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 869 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Nordstrom in the third quarter valued at approximately $45,000. CWM LLC increased its holdings in shares of Nordstrom by 1,000.3% in the first quarter. CWM LLC now owns 3,730 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 3,391 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of Nordstrom in the fourth quarter valued at approximately $119,000. Institutional investors own 88.73% of the company’s stock.

About Nordstrom

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.