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NYSE:JWN

Nordstrom (JWN) Stock Price, News & Analysis

$21.33
+0.13 (+0.61%)
(As of 05/22/2024 ET)
Today's Range
$20.91
$21.41
50-Day Range
$17.05
$21.78
52-Week Range
$12.88
$23.53
Volume
1.75 million shs
Average Volume
2.57 million shs
Market Capitalization
$3.48 billion
P/E Ratio
26.66
Dividend Yield
3.56%
Price Target
$16.69

Nordstrom MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.64 Rating Score
Upside/​Downside
21.7% Downside
$16.69 Price Target
Short Interest
Bearish
21.40% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.14mentions of Nordstrom in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.68%
From $1.79 to $1.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.29 out of 5 stars

Retail/Wholesale Sector

134th out of 187 stocks

Family Clothing Stores Industry

8th out of 10 stocks

JWN stock logo

About Nordstrom Stock (NYSE:JWN)

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. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.

JWN Stock Price History

JWN Stock News Headlines

Bruce Nordstrom, who helped grow family-led department store chain, dies at 90
Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, has died
Nordstrom (JWN) Scheduled to Post Earnings on Thursday
Bruce Nordstrom – A Great Leader -Dies At 90
Retail mogul Bruce Nordstrom dies, aged 90
Remembering Bruce Nordstrom PHOTOS
Nordstrom (NYSE:JWN) PT Raised to $17.00
11 Analysts Assess Nordstrom: What You Need To Know
Here's Why You Should Retain Nordstrom in Your Portfolio
See More Headlines
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Company Calendar

Last Earnings
3/05/2024
Ex-Dividend for 3/27 Dividend
3/11/2024
Dividend Payable
3/27/2024
Today
5/23/2024
Next Earnings (Confirmed)
5/30/2024
Dividend Payable
6/19/2024
Fiscal Year End
1/31/2025
Ex-Dividend for 6/19 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Family clothing stores
Sub-Industry
Department Stores
CUSIP
65566410
Employees
54,000
Year Founded
1901

Price Target and Rating

Average Stock Price Target
$16.69
High Stock Price Target
$20.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-21.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$134 million
Pretax Margin
1.00%

Debt

Sales & Book Value

Annual Sales
$14.69 billion
Cash Flow
$7.13 per share
Book Value
$5.22 per share

Miscellaneous

Free Float
153,822,000
Market Cap
$3.48 billion
Optionable
Optionable
Beta
2.59

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JWN Stock Analysis - Frequently Asked Questions

Should I buy or sell Nordstrom stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" JWN shares.
View JWN analyst ratings
or view top-rated stocks.

What is Nordstrom's stock price target for 2024?

11 Wall Street research analysts have issued twelve-month price objectives for Nordstrom's shares. Their JWN share price targets range from $11.00 to $20.00. On average, they expect the company's share price to reach $16.69 in the next year. This suggests that the stock has a possible downside of 21.7%.
View analysts price targets for JWN
or view top-rated stocks among Wall Street analysts.

How have JWN shares performed in 2024?

Nordstrom's stock was trading at $18.45 at the beginning of the year. Since then, JWN stock has increased by 15.6% and is now trading at $21.33.
View the best growth stocks for 2024 here
.

Are investors shorting Nordstrom?

Nordstrom saw a increase in short interest in April. As of April 30th, there was short interest totaling 22,970,000 shares, an increase of 11.2% from the April 15th total of 20,660,000 shares. Based on an average daily volume of 4,040,000 shares, the short-interest ratio is presently 5.7 days. Approximately 21.4% of the company's stock are sold short.
View Nordstrom's Short Interest
.

When is Nordstrom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 30th 2024.
View our JWN earnings forecast
.

How can I listen to Nordstrom's earnings call?

Nordstrom will be holding an earnings conference call on Thursday, May 30th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13746681".

How were Nordstrom's earnings last quarter?

Nordstrom, Inc. (NYSE:JWN) released its quarterly earnings results on Tuesday, March, 5th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. The specialty retailer earned $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a trailing twelve-month return on equity of 49.30% and a net margin of 0.91%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share.

How often does Nordstrom pay dividends? What is the dividend yield for Nordstrom?

Nordstrom declared a quarterly dividend on Wednesday, May 22nd. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.19 per share on Wednesday, June 19th. This represents a $0.76 annualized dividend and a dividend yield of 3.56%.
Read our dividend analysis for JWN
.

Is Nordstrom a good dividend stock?

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 95.00%. 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 43.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

How will Nordstrom's stock buyback program work?

Nordstrom announced that its board has approved a share repurchase plan on Tuesday, May 24th 2022, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 15.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

What guidance has Nordstrom issued on next quarter's earnings?

Nordstrom issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share guidance of 1.650-2.050 for the period, compared to the consensus earnings per share estimate of 1.980. The company issued revenue guidance of $14.4 billion-$14.8 billion, compared to the consensus revenue estimate of $14.6 billion.

What is Erik B. Nordstrom and Peter E. Nordstrom's approval rating as Nordstrom's CEO?

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.

What other stocks do shareholders of Nordstrom own?

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).

Who are Nordstrom's major shareholders?

Nordstrom's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.53%), LSV Asset Management (0.93%), Douglas Lane & Associates LLC (0.75%), Pacifica Capital Investments LLC (0.42%), Walleye Trading LLC (0.00%) and Principal Financial Group Inc. (0.23%). Insiders that own company stock include Anne L Bramman, Bradley D Tilden, Farrell B Redwine, Geevy Sk Thomas, Gemma Lionello and Teri Bariquit.
View institutional ownership trends
.

How do I buy shares of Nordstrom?

Shares of JWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:JWN) was last updated on 5/23/2024 by MarketBeat.com Staff

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