Nordstrom, Inc. (NYSE:JWN) Given Average Recommendation of "Reduce" by Analysts

Nordstrom, Inc. (NYSE:JWN - Get Free Report) has been given a consensus rating of "Reduce" by the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.54.

Several equities analysts have recently issued reports on JWN shares. Barclays boosted their price target on shares of Nordstrom from $14.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, March 6th. Bank of America boosted their price target on shares of Nordstrom from $13.00 to $15.00 and gave the company an "underperform" rating in a report on Wednesday, March 6th. The Goldman Sachs Group boosted their price target on shares of Nordstrom from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, March 6th. StockNews.com raised shares of Nordstrom from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $17.00 price target (down previously from $18.00) on shares of Nordstrom in a report on Thursday, March 7th.

Nordstrom Stock Performance

Nordstrom stock traded down $0.42 during mid-day trading on Tuesday, reaching $19.01. The company's stock had a trading volume of 3,362,051 shares, compared to its average volume of 4,342,802. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.17 and a beta of 2.59. The business has a 50 day moving average price of $19.15 and a 200-day moving average price of $17.64. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 3.08. Nordstrom has a twelve month low of $12.88 and a twelve month high of $23.53.

Nordstrom (NYSE:JWN - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The specialty retailer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.06. The firm had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. Sell-side analysts predict that Nordstrom will post 1.81 EPS for the current fiscal year.

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Monday, March 11th. Nordstrom's dividend payout ratio (DPR) is presently 95.00%.

Institutional Investors Weigh In On Nordstrom

Hedge funds and other institutional investors have recently bought and sold shares of the business. Premier Path Wealth Partners LLC bought a new stake in Nordstrom in the fourth quarter worth about $1,081,000. Wellington Management Group LLP raised its position in Nordstrom by 52.9% in the third quarter. Wellington Management Group LLP now owns 363,690 shares of the specialty retailer's stock worth $5,434,000 after acquiring an additional 125,877 shares in the last quarter. Victory Capital Management Inc. raised its position in Nordstrom by 48.7% in the third quarter. Victory Capital Management Inc. now owns 2,312,694 shares of the specialty retailer's stock worth $34,552,000 after acquiring an additional 757,000 shares in the last quarter. EP Wealth Advisors LLC raised its position in Nordstrom by 120.3% in the third quarter. EP Wealth Advisors LLC now owns 12,027 shares of the specialty retailer's stock worth $180,000 after acquiring an additional 6,567 shares in the last quarter. Finally, CenterBook Partners LP bought a new stake in Nordstrom in the third quarter worth about $736,000. 88.73% of the stock is currently owned by institutional investors.

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.