Nordstrom - JWN Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 4 sell ratings, 10 hold ratings and 4 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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18 equities research analysts have issued 12-month target prices for Nordstrom's stock. Their JWN share price forecasts range from $15.00 to $35.00. On average, they expect the company's share price to reach $25.53 in the next year. This suggests a possible upside of 42.1% from the stock's current price.
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Nordstrom's stock was trading at $22.62 on January 1st, 2022. Since then, JWN stock has decreased by 20.6% and is now trading at $17.96.
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Nordstrom saw a decrease in short interest in August. As of August 15th, there was short interest totaling 23,150,000 shares, a decrease of 10.9% from the July 31st total of 25,970,000 shares. Based on an average daily volume of 6,310,000 shares, the short-interest ratio is presently 3.7 days. Approximately 20.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our JWN earnings forecast.

Nordstrom, Inc. (NYSE:JWN) issued its quarterly earnings data on Tuesday, August, 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Nordstrom had a trailing twelve-month return on equity of 70.36% and a net margin of 2.60%. During the same quarter last year, the firm earned $0.49 EPS.

Nordstrom declared a quarterly dividend on Wednesday, August 17th. Investors of record on Tuesday, August 30th will be paid a dividend of $0.19 per share on Wednesday, September 14th. This represents a $0.76 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Monday, August 29th.
Read our dividend analysis for JWN.

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.23%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JWN will have a dividend payout ratio of 29.01% 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 approved a stock repurchase plan on Tuesday, May 24th 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 15.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Nordstrom updated its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of $2.30-$2.60 for the period, compared to the consensus estimate of $3.05. The company issued revenue guidance of $15.53 billion-$15.82 billion, compared to the consensus revenue estimate of $15.77 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 retail and institutional investors. Top institutional investors include FMR LLC (4.28%), State Street Corp (2.65%), Douglas Lane & Associates LLC (0.86%), Northern Trust Corp (0.56%), Pacifica Capital Investments LLC (0.54%) and Jane Street Group LLC (0.00%). 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 $17.96.

Nordstrom (NYSE:JWN) has a market capitalization of $2.86 billion and generates $14.79 billion in revenue each year. The specialty retailer earns $178 million in net income (profit) each year or $2.52 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.