Nordstrom (JWN) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" JWN shares.
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11 equities research analysts have issued twelve-month price objectives for Nordstrom's stock. Their JWN share price targets range from $11.00 to $20.00. On average, they predict the company's stock price to reach $16.54 in the next twelve months. This suggests that the stock has a possible downside of 22.9%.
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Nordstrom's stock was trading at $18.45 at the beginning of 2024. Since then, JWN shares have increased by 16.2% and is now trading at $21.44.
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Nordstrom saw a increase in short interest in April. As of April 30th, there was short interest totaling 22,970,000 shares, an increase of 11.2% from the April 15th total of 20,660,000 shares. Based on an average trading volume of 4,040,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 21.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 30th 2024.
View our JWN earnings forecast.

Nordstrom will be holding an earnings conference call on Thursday, May 30th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13746681".

Nordstrom, Inc. (NYSE:JWN) announced its earnings results on Tuesday, March, 5th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The specialty retailer earned $4.29 billion during the quarter, compared to analysts' expectations of $4.38 billion. Nordstrom had a trailing twelve-month return on equity of 49.30% and a net margin of 0.91%. Nordstrom's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share.

Nordstrom declared a quarterly dividend on Wednesday, February 28th. Investors of record on Tuesday, March 12th will be given a dividend of $0.19 per share on Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Monday, March 11th.
Read our dividend analysis for JWN.

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.60%. The dividend payout ratio is 95.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, JWN will have a dividend payout ratio of 43.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

ETFs with the largest weight of Nordstrom (NYSE:JWN) stock in their portfolio include Invesco S&P Ultra Dividend Revenue ETF (RDIV), Invesco S&P MidCap 400 Pure Value ETF (RFV), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P MidCap 400 Revenue ETF (RWK), WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree U.S. SmallCap Fund (EES).

Nordstrom announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 24th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 15.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Nordstrom updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share guidance of 1.650-2.050 for the period, compared to the consensus EPS estimate of 1.980. The company issued revenue guidance of $14.4 billion-$14.8 billion, compared to the consensus revenue estimate of $14.6 billion.

1,086 employees have rated Nordstrom Chief Executive Officer Erik B. Nordstrom and Peter E. Nordstrom on Glassdoor.com. Erik B. Nordstrom and Peter E. Nordstrom has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordstrom investors own include Intel (INTC), Walt Disney (DIS), NVIDIA (NVDA), Starbucks (SBUX), General Electric (GE), AT&T (T), Bank of America (BAC), Boeing (BA), Pfizer (PFE) and Netflix (NFLX).

Nordstrom's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.53%), LSV Asset Management (0.93%), Douglas Lane & Associates LLC (0.75%), Pacifica Capital Investments LLC (0.42%), Principal Financial Group Inc. (0.23%) and Capstone Investment Advisors LLC (0.13%). Insiders that own company stock include Anne L Bramman, Bradley D Tilden, Farrell B Redwine, Geevy Sk Thomas, Gemma Lionello and Teri Bariquit.
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Shares of JWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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