Nordstrom (JWN) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 4 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" JWN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JWN, but not buy additional shares or sell existing shares.
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16 brokerages have issued twelve-month target prices for Nordstrom's shares. Their JWN share price forecasts range from $13.00 to $24.00. On average, they expect the company's share price to reach $18.75 in the next year. This suggests that the stock has a possible downside of 3.0%.
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Nordstrom's stock was trading at $16.14 on January 1st, 2023. Since then, JWN shares have increased by 19.7% and is now trading at $19.32.
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Nordstrom saw a increase in short interest in April. As of April 30th, there was short interest totaling 21,630,000 shares, an increase of 12.4% from the April 15th total of 19,250,000 shares. Based on an average daily volume of 5,250,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 22.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our JWN earnings forecast.

Nordstrom, Inc. (NYSE:JWN) issued its quarterly earnings data on Wednesday, May, 31st. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.19. The specialty retailer had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.11 billion. Nordstrom had a net margin of 0.13% and a trailing twelve-month return on equity of 46.05%. During the same quarter in the prior year, the firm posted ($0.06) EPS.

Nordstrom declared a quarterly dividend on Wednesday, May 17th. Investors of record on Tuesday, May 30th will be given a dividend of $0.19 per share on Wednesday, June 14th. This represents a $0.76 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for JWN.

ETFs with the largest weight of Nordstrom (NYSE:JWN) stock in their portfolio include ALPS Hillman Active Value ETF (HVAL), Invesco S&P MidCap Value with Momentum ETF (XMVM), 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), Invesco S&P MidCap 400 Revenue ETF (RWK) and VanEck Morningstar SMID Moat ETF (SMOT).

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.11%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 690.91%. 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 announced that its board has authorized a stock repurchase program on Tuesday, May 24th 2022, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 15.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Nordstrom updated its FY24 earnings guidance on Wednesday, May, 31st. The company provided earnings per share guidance of $1.80-$2.20 for the period, compared to the consensus EPS estimate of $1.88. The company issued revenue guidance of $14.60-$14.91 billion, compared to the consensus revenue estimate of $14.79 billion.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.20%), State Street Corp (3.15%), Fisher Asset Management LLC (1.50%), Arrowstreet Capital Limited Partnership (1.23%), Alyeska Investment Group L.P. (1.08%) and Dimensional Fund Advisors LP (1.07%). Insiders that own company stock include Alexis Depree, Anne L Bramman, Bradley D Tilden, Christine Deputy, Erik B Nordstrom, Geevy Sk Thomas, Ken Worzel, Michael W Maher, Peter E Nordstrom and Scott A Meden.
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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 $19.32.

Nordstrom (NYSE:JWN) has a market capitalization of $3.12 billion and generates $15.53 billion in revenue each year. The specialty retailer earns $245 million in net income (profit) each year or $0.11 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.