Nordstrom, Inc. (JWN) To Go Ex-Dividend on March 11th

Nordstrom, Inc. (NYSE:JWN) declared a quarterly dividend on Monday, December 23rd, RTT News reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.19 per share by the specialty retailer on Wednesday, March 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, March 11th.

Nordstrom has a dividend payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordstrom to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 37.8%.

Nordstrom Stock Performance

Shares of JWN opened at $24.46 on Friday. The stock has a 50 day moving average price of $24.24 and a 200 day moving average price of $23.33. 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 company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. Nordstrom has a 52-week low of $16.78 and a 52-week high of $24.99.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. Research analysts predict that Nordstrom will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group raised Nordstrom from a “sell” rating to a “neutral” rating and upped their price target for the company from $14.50 to $24.00 in a report on Friday, January 10th. Evercore ISI boosted their price objective on Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. Bank of America boosted their price objective on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Barclays boosted their price objective on Nordstrom from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, StockNews.com started coverage on Nordstrom in a research note on Friday. They issued a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.90.

Nordstrom Company Profile

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.