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. Investors 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 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, August 24th. View Nordstrom's Dividend History.

Nordstrom declared that its Board of Directors has approved a stock buyback plan 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 plans are often an indication that the company's board believes its stock is undervalued.

Nordstrom, Inc. (NYSE:JWN) announced its quarterly earnings data on Thursday, August, 10th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm earned $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. 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 issued an update on its FY18 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $2.85-3.00 for the period, compared to the Thomson Reuters consensus estimate of $3.01.

24 brokers have issued 1 year price objectives for Nordstrom's stock. Their forecasts range from $35.00 to $58.00. On average, they anticipate Nordstrom's share price to reach $47.90 in the next year. 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)

Nordstrom saw a decrease in short interest in September. As of September 15th, there was short interest totalling 23,335,557 shares, a decrease of 13.1% from the August 31st total of 26,849,755 shares. Based on an average trading volume of 3,325,918 shares, the days-to-cover ratio is currently 7.0 days. Currently, 20.4% of the company's shares are sold short.

Some companies that are related to Nordstrom include CarMax (KMX), Fastenal Company (FAST), Ulta Beauty (ULTA), Tiffany & Co. (TIF), L Brands (LB), Burberry Group PLC (BURBY), MercadoLibre (MELI), Gap, Inc. (The) (GPS), IAC/InterActiveCorp (IAC), Chipotle Mexican Grill (CMG), Liberty Interactive Corporation (QVCA), Kingfisher plc (KGFHY), Domino's Pizza (DPZ), Tractor Supply Company (TSCO), Marks and Spencer Group Plc (MAKSY), WM MORRISON SUP (MRWSY), Herbalife LTD. (HLF) and J Sainsbury plc (JSAIY).

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 NORDSTROM BRUCE A (15.50%). 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.

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 $40.40.