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 October 9, 2018, the company operated 377 stores in 40 states, including 122 full-line stores; 242 Nordstrom Rack stores; 3 Jeffrey boutiques; 2 clearance stores; 6 Trunk Club clubhouses; and 2 Nordstrom Local service concepts. 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
Current SymbolNYSE:JWN
Previous Symbol
CUSIP65566410
Phone206-628-2111
Debt
Debt-to-Equity Ratio2.23
Current Ratio1.12
Quick Ratio0.44
Price-To-Earnings
Trailing P/E Ratio17.03
Forward P/E Ratio14.00
P/E Growth2.28
Sales & Book Value
Annual Sales$15.14 billion
Price / Sales0.56
Cash Flow$6.6416 per share
Price / Cash Flow7.59
Book Value$5.86 per share
Price / Book8.60
Profitability
EPS (Most Recent Fiscal Year)$2.96
Net Income$437 million
Net Margins2.92%
Return on Equity51.66%
Return on Assets6.80%
Miscellaneous
Employees72,500
Outstanding Shares168,570,000
Market Cap$8.32 billion
OptionableOptionable
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, November 14th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.37 per share on Tuesday, December 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, November 23rd. View Nordstrom's Dividend History.
How will Nordstrom's stock buyback program work?
Nordstrom announced that its board has approved a stock buyback program on Wednesday, August 22nd 2018, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 14.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.
How were Nordstrom's earnings last quarter?
Nordstrom, Inc. (NYSE:JWN) issued its quarterly earnings results on Thursday, November, 15th. The specialty retailer reported $0.67 EPS for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.03. The specialty retailer earned $3.75 billion during the quarter, compared to the consensus estimate of $3.68 billion. Nordstrom had a net margin of 2.92% and a return on equity of 51.66%. 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, November, 15th. The company provided earnings per share (EPS) guidance of $3.55-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.60. Nordstrom also updated its FY 2018 guidance to $3.55-3.65 EPS.
What price target have analysts set for JWN?
20 brokerages have issued 1 year target prices for Nordstrom's stock. Their predictions range from $47.00 to $73.00. On average, they anticipate Nordstrom's share price to reach $57.75 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price. View Analyst Price Targets for Nordstrom.
What is the consensus analysts' recommendation for Nordstrom?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 1 sell rating, 13 hold ratings and 6 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. According to Zacks Investment Research, "Nordstrom outpaced the industry in the past year backed by a robust surprise history, courtesy of smooth execution of its customer strategy. Earnings surpassed estimates in nine of the last 10 quarters, while it delivered positive sales surprise in five of the last six quarters. Higher sales, lower tax rate, comps growth and solid execution across both full-price and off-price businesses are aiding the quarterly performance. Its focus on store expansion, loyalty program and investments in digital growth remain noteworthy. Despite an otherwise strong third-quarter fiscal 2018, the company’s credit-card interest-related error has hurt investor sentiments. The company estimates to refund less than 4% of its cardholders amounts less than $100. Further, higher cost of investments for occupancy, technology, supply chain and marketing initiatives are denting margins. Higher SG&A expense may also weigh on profitability." (12/12/2018)
- 2. Guggenheim analysts commented, "We remain NEUTRAL. While the comp result in 3Q was solid, we are mindful of softer full-price trends and a difficult 4Q comparison upcoming. The full-price business delivered a 0.4% comp, impacted in part by returns from the Anniversary Sale last quarter, slowing from +1% in 1Q and +4% in 2Q. The off-price business performed well as the company continues to focus on improving turns and improving the assortment (+0.4% in 1Q and +4% in 2Q). Digital remained strong, growing 20% (30% of the total). We forecast a slight positive result in 4Q (+0.5% comp, on a 3.5% point more difficult comparison) and continue to forecast a +LSD total comp sales increase in 2018 (around ~2% for the FY)." (11/15/2018)
Has Nordstrom been receiving favorable news coverage?
Press coverage about JWN stock has been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nordstrom earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave press coverage about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of Nordstrom's key competitors?
Some companies that are related to Nordstrom include Ross Stores (ROST), Viacom (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 many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.39%), BlackRock Inc. (5.85%), Bank of New York Mellon Corp (3.88%), JPMorgan Chase & Co. (3.39%), Disciplined Growth Investors Inc. MN (0.85%) and TIAA CREF Investment Management LLC (0.81%). Company insiders that own Nordstrom stock include Blake W Nordstrom, Christine Deputy, Daniel F Little, 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 Bank of New York Mellon Corp, Mitsubishi UFJ Trust & Banking Corp, Davidson Investment Advisors, Morgan Stanley, Victory Capital Management Inc., Freestone Capital Holdings LLC, Ferguson Wellman Capital Management Inc. and Ardevora Asset Management LLP. 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., TIAA CREF Investment Management LLC, Smith Asset Management Group LP, Mckinley Capital Management LLC Delaware, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Dimensional Fund Advisors LP and Seven Eight Capital LP. 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 $50.30.
How big of a company is Nordstrom?
Nordstrom has a market capitalization of $8.32 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.
