Nordstrom (JWN) Releases FY 2019 Earnings Guidance

Nordstrom (NYSE:JWN) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.25-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.74. The company issued revenue guidance of $15.1704-15.48 billion, compared to the consensus revenue estimate of $16.1 billion.

Several brokerages have recently weighed in on JWN. Wedbush lowered shares of Nordstrom from an outperform rating to a neutral rating and dropped their price objective for the company from $65.00 to $40.00 in a report on Thursday, May 9th. Bank of America reiterated an underperform rating and set a $40.00 price objective (down previously from $48.00) on shares of Nordstrom in a report on Wednesday, May 15th. Zacks Investment Research upgraded shares of Nordstrom from a hold rating to a buy rating and set a $49.00 price objective on the stock in a report on Tuesday, March 19th. Guggenheim reiterated a hold rating on shares of Nordstrom in a report on Thursday, February 28th. Finally, ValuEngine lowered shares of Nordstrom from a sell rating to a strong sell rating in a report on Monday, April 29th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $49.69.

Shares of JWN traded up $0.39 on Tuesday, reaching $37.85. The company’s stock had a trading volume of 7,618,493 shares, compared to its average volume of 3,152,260. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.00 and a quick ratio of 0.41. Nordstrom has a twelve month low of $36.37 and a twelve month high of $67.75. The firm has a market capitalization of $5.75 billion, a PE ratio of 10.66, a P/E/G ratio of 1.66 and a beta of 0.48.

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.06. Nordstrom had a net margin of 3.56% and a return on equity of 57.14%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, analysts expect that Nordstrom will post 3.72 EPS for the current year.

In other Nordstrom news, insider Erik B. Nordstrom sold 17,762 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $44.07, for a total value of $782,771.34. Following the completion of the sale, the insider now owns 2,653,314 shares in the company, valued at approximately $116,931,547.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ken Worzel sold 17,125 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $770,625.00. Following the completion of the sale, the insider now owns 102,588 shares of the company’s stock, valued at approximately $4,616,460. The disclosure for this sale can be found here. Insiders sold a total of 49,180 shares of company stock worth $2,164,864 in the last 90 days. 5.21% of the stock is currently owned by company insiders.

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Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at; Nordstrom Rack stores; and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and; and Nordstrom Locals.

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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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