Nordstrom, Inc., a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name. The Credit segment provides access to various payment products and services, including Nordstrom-branded Visa credit cards, a Nordstrom-branded private label credit card, and a debit card. As of July 9, 2018, the company operated 373 stores in 40 states, including 122 full-line stores; 239 Nordstrom Rack stores; 2 Jeffrey boutiques; 2 clearance stores; 7 Trunk Club clubhouses; and Nordstrom Local service concept. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Family clothing stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
SymbolNYSE:JWN
CUSIP65566410
Phone206-628-2111
Debt
Debt-to-Equity Ratio2.35
Current Ratio1.10
Quick Ratio0.54
Price-To-Earnings
Trailing P/E Ratio18.12
Forward P/E Ratio16.90
P/E Growth2.82
Sales & Book Value
Annual Sales$15.14 billion
Price / Sales0.67
Cash Flow$6.5022 per share
Price / Cash9.28
Book Value$6.76 per share
Price / Book8.93
Profitability
EPS (Most Recent Fiscal Year)$2.96
Net Income$437 million
Net Margins3.24%
Return on Equity56.00%
Return on Assets6.90%
Miscellaneous
Employees72,500
Outstanding Shares168,570,000
Market Cap$10.17 billion
Nordstrom (NYSE:JWN) Frequently Asked Questions
What is Nordstrom's stock symbol?
Nordstrom trades on the New York Stock Exchange (NYSE) under the ticker symbol "JWN."
How often does Nordstrom pay dividends? What is the dividend yield for Nordstrom?
Nordstrom declared a quarterly dividend on Wednesday, August 22nd. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.37 per share on Wednesday, September 19th. This represents a $1.48 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, August 31st. View Nordstrom's Dividend History.
How will Nordstrom's stock buyback program work?
Nordstrom announced that its board has authorized a share repurchase program on Wednesday, August 22nd 2018, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 14.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were Nordstrom's earnings last quarter?
Nordstrom, Inc. (NYSE:JWN) announced its earnings results on Thursday, August, 16th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.84 by $0.11. The specialty retailer earned $3.98 billion during the quarter, compared to analysts' expectations of $3.96 billion. Nordstrom had a return on equity of 56.00% and a net margin of 3.24%. Nordstrom's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. View Nordstrom's Earnings History.
When is Nordstrom's next earnings date?
What guidance has Nordstrom issued on next quarter's earnings?
Nordstrom updated its FY19 earnings guidance on Thursday, August, 16th. The company provided EPS guidance of $3.50-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.46. The company issued revenue guidance of $15.4-15.5 billion, compared to the consensus revenue estimate of $15.78 billion.
What price target have analysts set for JWN?
21 brokers have issued twelve-month target prices for Nordstrom's shares. Their forecasts range from $35.00 to $73.00. On average, they expect Nordstrom's stock price to reach $56.2778 in the next twelve months. This suggests that the stock has a possible downside of 6.7%. View Analyst Price Targets for Nordstrom.
What is the consensus analysts' recommendation for Nordstrom?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 3 sell ratings, 13 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Nordstrom.
What are Wall Street analysts saying about Nordstrom stock?
Here are some recent quotes from research analysts about Nordstrom stock:
- 1. Guggenheim analysts commented, "We remain NEUTRAL. JWN reported 2Q18 EPS of $0.95, above our est, on a better-than-expected comp result (+4%), with gross margin aided by new revenue recognition standards. The new standard recognizes in-transit sales at shipment (rather than deferred); the impact this year was elevated due to a high volume of e-commerce sales at the end of the quarter (+100bps to sales growth; +$30mn to gross profit, or ~75bps, by our estimates). Management expects this to reverse in 3Q. Net sales rose 7.1% to $3.98bn (vs. our +4% est). Gross margin was up 90bps (vs. our -10bps estimate) and SG&A expense as a percentage of revenue increased 65bps (vs. our +10bps). Credit revenue rose 14.5% to $87mn, in line. Operating income of $246mn was above our estimate of $223mn." (8/16/2018)
- 2. According to Zacks Investment Research, "Nordstrom outperformed the industry in the last six months driven by the smooth execution of customer strategy and disciplined inventory management. The company has an impressive surprise history with earnings beat delivered in seven of the last eight quarters and topping sales estimates in three of the trailing four quarters. Results in first-quarter fiscal 2018 gained from the shift in Nordstrom’s loyalty event to the quarter compared with the second quarter in the prior year. Management raised the low-end of its EBIT and earnings views for fiscal 2018. Also, its focus on store expansion and strengthening capabilities through further investments, particularly in digital growth, remains noteworthy. However, investments toward occupancy, technology, supply chain and marketing are weighing on its margin performance for the last few quarters. Higher expenses have been resulting in higher SG&A expense, which is hurting profitability." (5/21/2018)
Are investors shorting Nordstrom?
Nordstrom saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 17,936,990 shares, an increase of 19.8% from the July 31st total of 14,976,566 shares. Based on an average trading volume of 2,287,868 shares, the days-to-cover ratio is presently 7.8 days. Approximately 15.6% of the shares of the stock are short sold. View Nordstrom's Current Options Chain.
Who are some of Nordstrom's key competitors?
Some companies that are related to Nordstrom include Ross Stores (ROST), Viacom, Inc. Class A (VIA), GAP (GPS), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Childrens Place (PLCE), Abercrombie & Fitch (ANF), Buckle (BKE), Lands' End (LE), Destination XL Group (DXLG), Stein Mart (SMRT) and Stage Stores (SSI).
Who are Nordstrom's key executives?
Nordstrom's management team includes the folowing people:
- Mr. Blake W. Nordstrom, Co-Pres & Director (Age 57)
- Mr. Erik B. Nordstrom, Co-Pres & Director (Age 54)
- Mr. Peter E. Nordstrom, Co-Pres & Director (Age 56)
- Ms. Anne L. Bramman, Chief Financial Officer (Age 50)
- Mr. Geevy S. K. Thomas, Pres of Nordstrom Rack (Age 53)
Who are Nordstrom's major shareholders?
Nordstrom's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.34%), Bank of New York Mellon Corp (4.76%), Bank of New York Mellon Corp (4.76%), Northern Trust Corp (0.99%), Disciplined Growth Investors Inc. MN (0.82%) and Schwab Charles Investment Management Inc. (0.62%). Company insiders that own Nordstrom stock include Blake W Nordstrom, Christine Deputy, Daniel F Little, Enrique Hernandez Jr, Erik B Nordstrom, James F Nordstrom Jr, Ken Worzel, Michael G Koppel, Peter E Nordstrom, Robert Sari and Scott A Meden. View Institutional Ownership Trends for Nordstrom.
Which institutional investors are selling Nordstrom stock?
JWN stock was sold by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Northern Trust Corp, State of Wisconsin Investment Board, Wells Fargo & Company MN and Advisors Asset Management Inc.. Company insiders that have sold Nordstrom company stock in the last year include Blake W Nordstrom, Christine Deputy, Erik B Nordstrom, James F Nordstrom Jr, Ken Worzel, Peter E Nordstrom, Robert Sari and Scott A Meden. View Insider Buying and Selling for Nordstrom.
Which institutional investors are buying Nordstrom stock?
JWN stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Millennium Management LLC, BlackRock Inc., Worldquant Millennium Quantitative Strategies LLC, Schroder Investment Management Group, Marshall Wace LLP, Andra AP fonden and Mackay Shields LLC. View Insider Buying and Selling for Nordstrom.
How do I buy shares of Nordstrom?
Shares of JWN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Nordstrom's stock price today?
One share of JWN stock can currently be purchased for approximately $60.34.
How big of a company is Nordstrom?
Nordstrom has a market capitalization of $10.17 billion and generates $15.14 billion in revenue each year. The specialty retailer earns $437 million in net income (profit) each year or $2.96 on an earnings per share basis. Nordstrom employs 72,500 workers across the globe.
What is Nordstrom's official website?
How can I contact Nordstrom?
Nordstrom's mailing address is 1617 SIXTH AVENUE, SEATTLE WA, 98101. The specialty retailer can be reached via phone at 206-628-2111 or via email at [email protected]
MarketBeat Community Rating for Nordstrom (NYSE JWN)
MarketBeat's community ratings are surveys of what our community members think about Nordstrom and other stocks. Vote "Outperform" if you believe JWN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe JWN will underperform the S&P 500 over the long term. You may vote once every thirty days.
