Nordstrom’s (JWN) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Nordstrom (NYSE:JWN) in a report issued on Monday morning,Benzinga reports. The firm currently has a $24.00 target price on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Nordstrom’s Q3 2026 earnings at $0.33 EPS and Q4 2026 earnings at $0.97 EPS.

JWN has been the topic of a number of other reports. Evercore ISI increased their price target on Nordstrom from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 27th. Citigroup boosted their price objective on Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Argus lowered Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. KeyCorp cut Nordstrom from an “overweight” rating to a “sector weight” rating in a report on Thursday, September 26th. Finally, Bank of America increased their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.08.

Nordstrom Stock Up 0.0 %

Shares of NYSE:JWN opened at $24.14 on Monday. The company’s fifty day moving average is $23.49 and its 200-day moving average is $22.77. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14. Nordstrom has a 52 week low of $16.78 and a 52 week high of $24.99. The company has a market capitalization of $3.98 billion, a PE ratio of 15.38 and a beta of 2.52.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Equities research analysts predict that Nordstrom will post 1.94 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is 48.41%.

Hedge Funds Weigh In On Nordstrom

Hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its stake in shares of Nordstrom by 355.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 993 shares during the period. Point72 Hong Kong Ltd bought a new stake in Nordstrom in the second quarter valued at about $71,000. CWM LLC increased its holdings in Nordstrom by 28.7% in the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 810 shares during the last quarter. Blue Trust Inc. lifted its stake in Nordstrom by 57.7% in the third quarter. Blue Trust Inc. now owns 3,839 shares of the specialty retailer’s stock valued at $81,000 after buying an additional 1,404 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Nordstrom by 70.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,387 shares of the specialty retailer’s stock worth $112,000 after buying an additional 2,227 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

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.