Analysts Anticipate Nordstrom, Inc. (JWN) to Announce $0.45 Earnings Per Share

Equities research analysts forecast that Nordstrom, Inc. (NYSE:JWN) will report earnings of $0.45 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Nordstrom’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.36. Nordstrom posted earnings of $0.51 per share during the same quarter last year, which suggests a negative year over year growth rate of 11.8%. The company is expected to report its next quarterly earnings results on Thursday, May 16th.

According to Zacks, analysts expect that Nordstrom will report full-year earnings of $3.76 per share for the current fiscal year, with EPS estimates ranging from $3.66 to $3.88. For the next financial year, analysts expect that the business will report earnings of $4.00 per share, with EPS estimates ranging from $3.85 to $4.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Nordstrom.

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, February 28th. The specialty retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. During the same quarter in the previous year, the company earned $1.20 EPS.



A number of research analysts have recently commented on the stock. Credit Suisse Group reduced their target price on shares of Nordstrom from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, January 16th. Zacks Investment Research raised shares of Nordstrom from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Friday, December 7th. Goldman Sachs Group set a $73.00 target price on shares of Nordstrom and gave the stock a “buy” rating in a research report on Friday, November 16th. Citigroup reduced their target price on shares of Nordstrom from $62.00 to $56.00 and set a “neutral” rating on the stock in a research report on Friday, November 16th. Finally, Nomura set a $53.00 target price on shares of Nordstrom and gave the stock a “hold” rating in a research report on Monday, November 26th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $52.79.

In other Nordstrom news, insider Erik B. Nordstrom sold 17,762 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $44.07, for a total transaction of $782,771.34. Following the completion of the sale, the insider now owns 2,653,314 shares in the company, valued at $116,931,547.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Erik B. Nordstrom sold 1,169 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $44.70, for a total transaction of $52,254.30. Following the sale, the insider now owns 2,671,406 shares of the company’s stock, valued at approximately $119,411,848.20. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in JWN. First Trust Advisors LP increased its stake in Nordstrom by 44.9% during the third quarter. First Trust Advisors LP now owns 79,606 shares of the specialty retailer’s stock valued at $4,761,000 after purchasing an additional 24,685 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Nordstrom by 191.3% during the third quarter. Russell Investments Group Ltd. now owns 122,521 shares of the specialty retailer’s stock valued at $7,332,000 after purchasing an additional 80,459 shares during the last quarter. Acadian Asset Management LLC increased its stake in Nordstrom by 86.1% during the third quarter. Acadian Asset Management LLC now owns 3,501 shares of the specialty retailer’s stock valued at $209,000 after purchasing an additional 1,620 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Nordstrom by 41.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 857,774 shares of the specialty retailer’s stock valued at $51,306,000 after purchasing an additional 252,605 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in Nordstrom during the third quarter valued at $907,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

NYSE JWN opened at $44.46 on Friday. Nordstrom has a 52 week low of $43.04 and a 52 week high of $67.75. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00. The firm has a market cap of $7.44 billion, a PE ratio of 12.52, a PEG ratio of 1.97 and a beta of 0.54.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Monday, March 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.33%. Nordstrom’s dividend payout ratio (DPR) is presently 41.69%.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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