$0.45 EPS Expected for Nordstrom, Inc. (JWN) This Quarter

Wall Street brokerages predict that Nordstrom, Inc. (NYSE:JWN) will announce earnings of $0.45 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Nordstrom’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.59. Nordstrom posted earnings per share of $0.51 during the same quarter last year, which indicates a negative year-over-year growth rate of 11.8%. The company is expected to report its next earnings report on Thursday, May 16th.

According to Zacks, analysts expect that Nordstrom will report full-year earnings of $3.76 per share for the current year, with EPS estimates ranging from $3.66 to $3.88. For the next financial year, analysts anticipate that the firm will post earnings of $4.00 per share, with EPS estimates ranging from $3.85 to $4.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Nordstrom.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same period in the previous year, the firm earned $1.20 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group reduced their target price on shares of Nordstrom from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, January 16th. Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, December 7th. Nomura set a $53.00 price target on Nordstrom and gave the company a “hold” rating in a research note on Monday, November 26th. Bank of America set a $48.00 price target on Nordstrom and gave the company a “sell” rating in a research note on Friday, March 1st. Finally, TheStreet downgraded Nordstrom from a “b-” rating to a “c+” rating in a research note on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $52.79.

In other news, insider Erik B. Nordstrom sold 1,169 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $44.70, for a total transaction of $52,254.30. Following the sale, the insider now directly owns 2,671,406 shares in the company, valued at $119,411,848.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Erik B. Nordstrom sold 17,762 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $44.07, for a total value of $782,771.34. Following the sale, the insider now owns 2,653,314 shares in the company, valued at $116,931,547.98. The disclosure for this sale can be found here. Insiders own 7.05% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Financial Advocates Investment Management grew its holdings in shares of Nordstrom by 67.4% during the fourth quarter. Financial Advocates Investment Management now owns 2,357 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 949 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Nordstrom by 4,156.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,898,862 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 2,830,753 shares during the period. We Are One Seven LLC acquired a new position in shares of Nordstrom during the fourth quarter worth approximately $92,000. Quantamental Technologies LLC acquired a new position in shares of Nordstrom during the fourth quarter worth approximately $97,000. Finally, Federated Investors Inc. PA raised its position in shares of Nordstrom by 22.4% during the third quarter. Federated Investors Inc. PA now owns 1,639 shares of the specialty retailer’s stock worth $98,000 after purchasing an additional 300 shares during the period. Institutional investors own 60.50% of the company’s stock.

Shares of Nordstrom stock traded down $0.72 during trading on Friday, reaching $43.74. The company’s stock had a trading volume of 3,020,404 shares, compared to its average volume of 3,279,680. The stock has a market cap of $7.32 billion, a PE ratio of 12.32, a PEG ratio of 1.97 and a beta of 0.54. Nordstrom has a 52 week low of $43.04 and a 52 week high of $67.75. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, March 8th. Nordstrom’s dividend payout ratio (DPR) is currently 41.69%.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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