Nordstrom - JWN Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 4 sell ratings, 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price targets for Nordstrom's stock. Their JWN share price forecasts range from $13.00 to $24.00. On average, they expect the company's stock price to reach $19.61 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
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Nordstrom's stock was trading at $16.14 at the beginning of the year. Since then, JWN stock has decreased by 4.6% and is now trading at $15.40.
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Nordstrom saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 21,830,000 shares, a decrease of 9.2% from the January 31st total of 24,040,000 shares. Based on an average trading volume of 6,280,000 shares, the short-interest ratio is presently 3.5 days. Approximately 22.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
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Nordstrom, Inc. (NYSE:JWN) issued its earnings results on Thursday, March, 2nd. The specialty retailer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.65 by $0.09. The specialty retailer had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.33 billion. Nordstrom had a trailing twelve-month return on equity of 42.08% and a net margin of 1.58%. Nordstrom's revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share.

Nordstrom declared a quarterly dividend on Tuesday, February 28th. Investors of record on Tuesday, March 14th will be given a dividend of $0.19 per share on Wednesday, March 29th. This represents a $0.76 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, March 13th.
Read our dividend analysis for JWN.

ETFs with the largest weight of Nordstrom (NYSE:JWN) stock in their portfolio include ALPS Hillman Active Value ETF (HVAL), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Invesco S&P MidCap 400 Revenue ETF (RWK).

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.62%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JWN will have a dividend payout ratio of 38.00% 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 initiated a share buyback plan on Tuesday, May 24th 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 15.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Nordstrom issued an update on its FY 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share guidance of $1.80-$2.20 for the period, compared to the consensus estimate of $1.62. The company issued revenue guidance of $14.60 billion-$14.91 billion, compared to the consensus revenue estimate of $15.51 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 retail and institutional investors. Top institutional investors include El Puerto de Liverpool S.A.B. de C.V. (9.84%), Arrowstreet Capital Limited Partnership (3.08%), Susquehanna International Group LLP (0.00%), Fisher Asset Management LLC (1.44%), UBS Group AG (0.00%) and Schroder Investment Management Group (1.03%). 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 $15.40.

Nordstrom (NYSE:JWN) has a market capitalization of $2.47 billion and generates $15.53 billion in revenue each year. The specialty retailer earns $245 million in net income (profit) each year or $1.51 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.