Nordstrom - JWN Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 4 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 brokers have issued twelve-month price objectives for Nordstrom's stock. Their JWN share price forecasts range from $15.00 to $30.00. On average, they predict the company's stock price to reach $22.57 in the next twelve months. This suggests a possible upside of 28.6% 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 22.4% and is now trading at $17.55.
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Nordstrom, Inc. (NYSE:JWN) released its earnings results on Tuesday, November, 22nd. The specialty retailer reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The specialty retailer had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.49 billion. Nordstrom had a trailing twelve-month return on equity of 58.09% and a net margin of 2.08%. Nordstrom's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share.

Nordstrom announced a quarterly dividend on Wednesday, November 16th. Investors 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 4.33%. The ex-dividend date of this dividend is Monday, November 28th.
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 4.29%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 declared that its board has initiated a stock 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 repurchase up to 15.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Nordstrom updated its FY23 earnings guidance on Tuesday, November, 22nd. The company provided EPS guidance of $2.30-$2.60 for the period, compared to the consensus earnings per share 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 a variety of retail and institutional investors. Top institutional investors 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 $17.55.

Nordstrom (NYSE:JWN) has a market capitalization of $2.81 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.