Nordstrom - JWN Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 4 sell ratings, 7 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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14 Wall Street research analysts have issued 12 month price objectives for Nordstrom's shares. Their JWN share price forecasts range from $15.00 to $30.00. On average, they predict the company's share price to reach $23.00 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
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Nordstrom's stock was trading at $22.62 at the beginning of 2022. Since then, JWN stock has decreased by 18.7% and is now trading at $18.39.
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Nordstrom, Inc. (NYSE:JWN) issued its earnings results on Tuesday, November, 22nd. The specialty retailer reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The specialty retailer earned $3.50 billion during the quarter, compared to the consensus estimate of $3.49 billion. Nordstrom had a trailing twelve-month return on equity of 58.09% and a net margin of 2.08%. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS.

Nordstrom declared a quarterly dividend on Wednesday, November 16th. Stockholders of record on Tuesday, November 29th will be given a dividend of $0.19 per share on Wednesday, December 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Monday, November 28th.
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Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.76%. The dividend payout ratio is 38.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JWN will have a dividend payout ratio of 29.34% next year. This indicates that the company will be able to sustain or increase its dividend.
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Nordstrom announced that its Board of Directors has approved a share buyback program on Tuesday, May 24th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 15.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Nordstrom updated its FY23 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share guidance of $2.30-$2.60 for the period, compared to the consensus EPS estimate of $2.36. The company issued revenue guidance of $15.52-$15.83 billion, compared to the consensus revenue estimate of $15.67 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.57%), BlackRock Inc. (5.97%), State Street Corp (2.75%), Balyasny Asset Management LLC (1.36%), Marshall Wace LLP (1.09%) and Fisher Asset Management LLC (1.09%). 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 $18.39.

Nordstrom (NYSE:JWN) has a market capitalization of $2.93 billion and generates $14.79 billion in revenue each year. The specialty retailer earns $178 million in net income (profit) each year or $2.00 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.