Nordstrom Stock Forecast, Price & News

13 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 2 buy ratings for the stock. The consensus among Wall Street research 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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Wall Street analysts have given Nordstrom a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Nordstrom wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Nordstrom saw a drop in short interest during the month of January. As of January 29th, there was short interest totaling 20,340,000 shares, a drop of 26.0% from the January 14th total of 27,480,000 shares. Based on an average trading volume of 8,440,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 18.6% of the company's stock are short sold.
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Nordstrom is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Nordstrom.

Nordstrom, Inc. (NYSE:JWN) posted its earnings results on Monday, March, 1st. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.07. The specialty retailer had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. Nordstrom had a negative net margin of 4.57% and a negative trailing twelve-month return on equity of 77.24%. Nordstrom's quarterly revenue was down 20.0% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS.
View Nordstrom's earnings history.

Nordstrom's stock was trading at $24.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, JWN shares have increased by 45.9% and is now trading at $35.07.
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Nordstrom updated its FY 2021 After-Hours earnings guidance on Tuesday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $13.394 billion, compared to the consensus revenue estimate of $13.46 billion.

13 brokerages have issued twelve-month price targets for Nordstrom's stock. Their forecasts range from $13.00 to $45.00. On average, they expect Nordstrom's share price to reach $31.93 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
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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 The Gap (GPS), American Eagle Outfitters (AEO), Urban Outfitters (URBN), The Buckle (BKE), Abercrombie & Fitch (ANF), The Children's Place (PLCE), Lands' End (LE), Destination XL Group (DXLG), Stein Mart (SMRTQ), Stage Stores (SSINQ) and PreVu (PRVU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Nordstrom investors own include Intel (INTC), The Walt Disney (DIS), NVIDIA (NVDA), Starbucks (SBUX), General Electric (GE), AT&T (T), Bank of America (BAC), The 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 shareholders include BlackRock Inc. (6.60%), Price T Rowe Associates Inc. MD (2.04%), Bank of New York Mellon Corp (1.38%), Douglas Lane & Associates LLC (1.01%), Norges Bank (0.84%) and Morgan Stanley (0.83%). Company insiders that own Nordstrom stock include Anne L Bramman, Christine Deputy, Erik B Nordstrom, Ken Worzel, Peter E Nordstrom and Scott A Meden.
View institutional ownership trends for Nordstrom.

JWN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Price T Rowe Associates Inc. MD, Bank of New York Mellon Corp, Wells Fargo & Company MN, Quinn Opportunity Partners LLC, Morgan Stanley, Ariel Investments LLC, and Pacifica Capital Investments LLC. Company insiders that have sold Nordstrom company stock in the last year include Christine Deputy, and Ken Worzel.
View insider buying and selling activity for Nordstrom or view top insider-selling stocks.

JWN stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, SummerHaven Investment Management LLC, Voloridge Investment Management LLC, Hudson Bay Capital Management LP, Paradigm Asset Management Co. LLC, Empirical Capital Management LLC, Davidson Kempner Capital Management LP, and Brookfield Asset Management 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 $35.07.

Nordstrom has a market capitalization of $5.53 billion and generates $15.52 billion in revenue each year. The specialty retailer earns $496 million in net income (profit) each year or $3.37 on an earnings per share basis.

Nordstrom employs 75,000 workers across the globe.

The official website for Nordstrom is www.nordstrom.com.

Nordstrom is headquartered at 1617 SIXTH AVENUE, SEATTLE WA, 98101.

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]