Nordstrom (JWN) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 5 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" JWN shares.
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16 Wall Street research analysts have issued 12 month target prices for Nordstrom's shares. Their JWN share price forecasts range from $11.00 to $23.00. On average, they expect the company's stock price to reach $18.06 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price.
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Nordstrom's stock was trading at $16.14 at the beginning of 2023. Since then, JWN stock has decreased by 11.4% and is now trading at $14.30.
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Nordstrom saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 19,170,000 shares, an increase of 9.1% from the August 31st total of 17,570,000 shares. Based on an average daily volume of 4,680,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 19.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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Nordstrom, Inc. (NYSE:JWN) announced its quarterly earnings results on Thursday, August, 24th. The specialty retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.45 by $0.39. The specialty retailer had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.68 billion. Nordstrom had a net margin of 0.21% and a trailing twelve-month return on equity of 46.55%. Nordstrom's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS.

Nordstrom declared a quarterly dividend on Wednesday, August 16th. Investors of record on Tuesday, August 29th will be given a dividend of $0.19 per share on Wednesday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Monday, August 28th.
Read our dividend analysis for JWN.

ETFs with the largest weight of Nordstrom (NYSE:JWN) stock in their portfolio include Aztlan Global Stock Selection DM SMID ETF (AZTD), 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), Hartford Longevity Economy ETF (HLGE), Invesco S&P MidCap 400 Revenue ETF (RWK) and Akros Monthly Payout ETF (MPAY).

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 5.37%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 422.22%. 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 37.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

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

Nordstrom issued an update on its FY24 earnings guidance on Thursday, August, 24th. The company provided EPS guidance of $1.80-$2.20 for the period, compared to the consensus EPS estimate of $1.98.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "JWN."

Nordstrom's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.31%), State Street Corp (5.35%), Fisher Asset Management LLC (1.52%), Dimensional Fund Advisors LP (1.06%), Bank of New York Mellon Corp (1.03%) and Geode Capital Management LLC (1.03%). Insiders that own company stock include Alexis Depree, Anne L Bramman, Bradley D Tilden, Christine Deputy, Erik B Nordstrom, Farrell B Redwine, Geevy Sk Thomas, Ken Worzel, Michael W Maher, Peter E Nordstrom, Scott A Meden 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JWN stock can currently be purchased for approximately $14.30.

Nordstrom (NYSE:JWN) has a market capitalization of $2.31 billion and generates $15.53 billion in revenue each year. The specialty retailer earns $245 million in net income (profit) each year or $0.18 on an earnings per share basis.

The company employs 60,000 workers across the globe.

Nordstrom's mailing address is 1617 SIXTH AVENUE, SEATTLE WA, 98101. The official website for the company is www.nordstrom.com. The specialty retailer can be reached via phone at (206) 628-2111, via email at invrelations@nordstrom.com, or via fax at 206-628-1795.