Nordstrom (NYSE:JWN) Issues Quarterly Earnings Results

Nordstrom (NYSE:JWN) issued its quarterly earnings results on Tuesday. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.91 by $0.19, Zacks reports. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%.

Nordstrom Stock Up 0.1 %

JWN opened at $24.31 on Tuesday. The company has a market cap of $4.01 billion, a PE ratio of 15.48 and a beta of 2.51. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The business has a 50 day moving average price of $24.22 and a two-hundred day moving average price of $23.28. Nordstrom has a 52 week low of $16.78 and a 52 week high of $24.99.

Nordstrom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, March 11th. Nordstrom’s dividend payout ratio is currently 48.41%.

Analysts Set New Price Targets

A number of research firms recently issued reports on JWN. UBS Group upgraded Nordstrom from a “sell” rating to a “neutral” rating and lifted their target price for the company from $14.50 to $24.00 in a report on Friday, January 10th. Argus downgraded shares of Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. Bank of America lifted their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 27th. Evercore ISI lifted their price objective on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Nordstrom in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.17.

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.