Nordstrom - JWN Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 4 sell ratings, 11 hold ratings and 2 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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17 analysts have issued 12 month price targets for Nordstrom's shares. Their JWN share price forecasts range from $13.00 to $24.00. On average, they anticipate the company's share price to reach $19.24 in the next year. This suggests that the stock has a possible downside of 19.7%.
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Nordstrom's stock was trading at $16.14 at the beginning of 2023. Since then, JWN shares have increased by 48.3% and is now trading at $23.94.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
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Nordstrom will be holding an earnings conference call on Thursday, March 2nd at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link.

Nordstrom, Inc. (NYSE:JWN) announced its earnings results on Tuesday, November, 22nd. The specialty retailer reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The specialty retailer had revenue of $3.50 billion for 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 period in the previous year, the firm earned $0.39 EPS.

Nordstrom announced a quarterly dividend on Wednesday, November 16th. Shareholders 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 3.17%. The ex-dividend date 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 2.88%. 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 37.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

Nordstrom declared that its board has approved a stock repurchase program on Tuesday, May 24th 2022, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 15.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Nordstrom updated its FY earnings guidance on Sunday, January, 22nd. The company provided earnings per share (EPS) guidance of $1.50-$1.70 for the period, compared to the consensus EPS estimate of $2.36. The company issued revenue guidance of $15.12 billion-$15.12 billion, compared to the consensus revenue estimate of $15.64 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 institutional and retail investors. Top institutional shareholders include El Puerto de Liverpool S.A.B. de C.V. (9.84%), Fisher Asset Management LLC (1.44%), Douglas Lane & Associates LLC (0.85%), Simplex Trading LLC (0.00%), International Assets Investment Management LLC (0.16%) and Kwmg LLC (0.12%). 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 $23.94.

Nordstrom (NYSE:JWN) has a market capitalization of $3.83 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.