Nordstrom Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 3 sell ratings, 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Nordstrom stock. 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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16 brokers have issued 12-month price objectives for Nordstrom's stock. Their JWN stock forecasts range from $17.00 to $40.00. On average, they anticipate Nordstrom's stock price to reach $27.38 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
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Nordstrom's stock was trading at $22.62 at the start of the year. Since then, JWN stock has increased by 7.3% and is now trading at $24.28.
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Nordstrom is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
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Nordstrom, Inc. (NYSE:JWN) issued its earnings results on Tuesday, May, 24th. The specialty retailer reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. The specialty retailer had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.29 billion. Nordstrom had a trailing twelve-month return on equity of 74.13% and a net margin of 2.37%. The business's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.64) EPS.
View Nordstrom's earnings history.

Nordstrom declared a quarterly dividend on Wednesday, May 18th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.19 per share on Wednesday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, May 27th.
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Nordstrom(NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.13%. The dividend payout ratio of Nordstrom is 33.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nordstrom will have a dividend payout ratio of 22.55% next year. This indicates that Nordstrom will be able to sustain or increase its dividend.
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Nordstrom declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 24th 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 15.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Nordstrom updated its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of $3.20-$3.50 for the period, compared to the consensus earnings per share estimate of $3.12. The company issued revenue guidance of $15.68 billion-$15.97 billion, compared to the consensus revenue estimate of $15.54 billion.

1,086 employees have rated Nordstrom CEO Erik B. Nordstrom and Peter E. Nordstrom on Glassdoor.com. Erik B. Nordstrom and Peter E. Nordstrom has an approval rating of 86% among Nordstrom's employees.

Some companies that are related to Nordstrom include Gap (GPS), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Abercrombie & Fitch (ANF), Children's Place (PLCE), Lands' End (LE), Destination XL Group (DXLG), Destination XL Group (DXLG), Stein Mart (SMRTQ), PreVu (PRVU) and Stage Stores (SSINQ).
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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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.45%), BlackRock Inc. (6.42%), State Street Corp (2.86%), Renaissance Technologies LLC (1.25%), Disciplined Growth Investors Inc. MN (1.01%) and Douglas Lane & Associates LLC (0.89%). Company insiders that own Nordstrom 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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JWN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Simplex Trading LLC, First Trust Advisors LP, South Dakota Investment Council, Baird Financial Group Inc., IMC Chicago LLC, and Citigroup Inc.. Company insiders that have sold Nordstrom company stock in the last two years include Alexis Depree, Anne L Bramman, Christine Deputy, Erik B Nordstrom, Geevy Sk Thomas, Ken Worzel, Michael W Maher, Peter E Nordstrom, and Scott A Meden.
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JWN stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Deer Park Road Corp, Bank of America Corp DE, Blueshift Asset Management LLC, State Street Corp, BNP Paribas Arbitrage SA, Dimensional Fund Advisors LP, and Vanguard Group Inc..
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Shares of JWN 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 $24.28.

Nordstrom (NYSE:JWN) has a market capitalization of $3.90 billion and generates $14.79 billion in revenue each year. The specialty retailer earns $178 million in net income (profit) each year or $2.24 on an earnings per share basis.

Nordstrom employs 60,000 workers across the globe.

Nordstrom was founded in 1901.

Nordstrom's mailing address is 1617 SIXTH AVENUE, SEATTLE WA, 98101. The official website for Nordstrom is www.nordstrom.com. The specialty retailer can be reached via phone at (206) 628-2111, via email at [email protected], or via fax at 206-628-1795.