Nordstrom Company Profile (NYSE:JWN)

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

Nordstrom declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.37 per share on Tuesday, September 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 24th. View Nordstrom's Dividend History.

Nordstrom declared that its board has initiated a stock repurchase program on Sunday, April 9th 2017, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Nordstrom, Inc. (NYSE:JWN) released its earnings results on Thursday, August, 10th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The company earned $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. View Nordstrom's Earnings History.

Nordstrom is scheduled to release their next quarterly earnings announcement on Thursday, November, 9th 2017. View Earnings Estimates for Nordstrom.

Nordstrom updated its FY18 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $2.85-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.01.

24 equities research analysts have issued 12 month target prices for Nordstrom's stock. Their forecasts range from $35.00 to $60.00. On average, they expect Nordstrom's share price to reach $48.45 in the next twelve months. View Analyst Ratings for Nordstrom.

Here are some recent quotes from research analysts about Nordstrom stock:

• 1. According to Zacks Investment Research, "Nordstrom’s shares have outperformed the broader industry in the last three months, as it has been gaining from focus on enhancing customer experience and productivity. Driven by these efforts, the company posted solid first-quarter fiscal 2017 earnings, which marked its fourth consecutive beat. The company is gaining from solid inventory management and operational efficiencies, along with sales growth in Nordstrom Rack and strong eCommerce performance. Further, recent contemplation of the Nordstrom family to buyout the company and going private, have aided share prices. However, the company’s top-line missed prediction while comps dipped in the fiscal first quarter. Moreover, volatile consumer behavior, sluggish store traffic and a tough retail environment remain concerns. Nonetheless, we commend Nordstrom’s strong brand image, cost saving initiatives, store expansion efforts and progress on 2020 strategy." (8/10/2017)
• 2. Nomura analysts commented, "After the close yesterday, HAIN said it will publish results by end of May. The stock is up 5% pre-market. We continue to expect minimal revision to earnings, and think HAIN offers value at 18x our FY18 EPS estimates (which is 8% below consensus). Despite slowing, apparently, underlying top line trends, we see value." (5/12/2017)
• 3. Cowen and Company analysts commented, "JWN remains our favorite department store stock idea in a tough sector as full-price department store sectors/concepts (M, KSS, HBC, JCP) are experiencing share losses vs. off-price channel and Amazon; meanwhile, apparel continues to struggle to obtain healthy pricing trends as both fast fashion, deep-value fashion, and lack of dominant fashion trends hurts. We think sentiment and selling trends on the West Coast (45% of JWN's store base) could be volatile given volatility in technology stocks ' despite relatively solid S&P500 performance. We note that in the past 5 yrs, JWN has guided next year below Street an average of 6%. Elevated short interest could yield a short squeeze if results are better-than-feared, which would send the stock higher. Short Interest as a % of Float is ~21%." (2/13/2017)

Some companies that are related to Nordstrom include Restaurant Brands International (QSR), Carrefour SA (CRRFY), Carrefour Sa Spon (CRRFY), AutoZone (AZO), Ulta Beauty (ULTA), MercadoLibre (MELI), Fastenal Company (FAST), CarMax (KMX), Tiffany & Co. (TIF), L Brands (LB), Gap, Inc. (The) (GPS), Burberry Group PLC (BURBY), Darden Restaurants (DRI), Liberty Interactive Corporation (QVCA), Domino's Pizza (DPZ), IAC/InterActiveCorp (IAC), Kingfisher plc (KGFHY) and Chipotle Mexican Grill (CMG).

Nordstrom's management team includes the folowing people:

• Blake W. Nordstrom, Co-President, Director
• Erik B. Nordstrom, Co-President, Director
• Peter E. Nordstrom, Co-President, Director
• Anne L. Bramman, Chief Financial Officer
• Daniel F. Little, Executive Vice President, Chief Information Officer
• Scott A. Meden, Executive Vice President, Chief Marketing Officer
• Robert B. Sari, Executive Vice President, General Counsel, Secretary
• Christine F. Deputy, Executive Vice President Human Resources
• Karen S. McKibbin, Executive Vice President and President, Nordstrom Rack
• James F. Nordstrom Jr., Executive Vice President and President – Stores

Nordstrom's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.38%), Bank of New York Mellon Corp (6.55%), BlackRock Inc. (4.92%), State Street Corp (3.71%), Principal Financial Group Inc. (1.10%) and Northern Trust Corp (0.96%). Company insiders that own Nordstrom stock include Blake W Nordstrom, Daniel F Little, Enrique Hernandez Jr, Geevy Sk Thomas, Michael G Koppel, Peter E Nordstrom, Philip G Satre and Scott A Meden. View Institutional Ownership Trends for Nordstrom.

Nordstrom's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Balyasny Asset Management LLC, Vanguard Group Inc., KBC Group NV, New York State Common Retirement Fund, First Trust Advisors LP, State Street Corp and Alliancebernstein L.P.. Company insiders that have sold Nordstrom stock in the last year include Blake W Nordstrom, Daniel F Little, Enrique Hernandez Jr, Michael G Koppel, Peter E Nordstrom and Scott A Meden. View Insider Buying and Selling for Nordstrom.

Nordstrom's stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, York Capital Management Global Advisors LLC, Principal Financial Group Inc., Disciplined Growth Investors Inc. MN, Franklin Resources Inc., SkyBridge Capital II LLC, Pioneer Investment Management Inc. and Ardevora Asset Management LLP. View Insider Buying and Selling for Nordstrom.

Shares of Nordstrom can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Nordstrom stock can currently be purchased for approximately $46.22.