$3.94 Billion in Sales Expected for Nordstrom, Inc. (NYSE:JWN) This Quarter

Equities analysts expect Nordstrom, Inc. (NYSE:JWN) to post sales of $3.94 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Nordstrom’s earnings. The lowest sales estimate is $3.85 billion and the highest is $4.06 billion. Nordstrom posted sales of $4.07 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The business is scheduled to announce its next earnings results on Thursday, August 15th.

On average, analysts expect that Nordstrom will report full year sales of $15.58 billion for the current financial year, with estimates ranging from $15.21 billion to $15.83 billion. For the next fiscal year, analysts forecast that the business will report sales of $15.79 billion, with estimates ranging from $15.44 billion to $16.18 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Nordstrom.

Nordstrom (NYSE:JWN) last issued its earnings results on Tuesday, May 21st. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.20). Nordstrom had a return on equity of 58.16% and a net margin of 3.27%. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the prior year, the business posted $0.51 EPS.



Several brokerages have recently weighed in on JWN. Guggenheim reiterated a “hold” rating on shares of Nordstrom in a research note on Thursday, February 28th. Deutsche Bank dropped their price target on shares of Nordstrom from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, March 1st. Citigroup lifted their price target on shares of Nordstrom from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Piper Jaffray Companies set a $44.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Bank of America set a $48.00 price target on shares of Nordstrom and gave the stock a “sell” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.57.

Shares of JWN stock opened at $32.83 on Wednesday. Nordstrom has a 12-month low of $30.55 and a 12-month high of $67.75. The company has a debt-to-equity ratio of 6.34, a quick ratio of 0.24 and a current ratio of 0.76. The company has a market capitalization of $4.90 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.58 and a beta of 0.67.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.51%. Nordstrom’s payout ratio is 41.69%.

In other news, insider Christine Deputy sold 13,124 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $42.61, for a total transaction of $559,213.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ken Worzel sold 17,125 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $770,625.00. Following the sale, the insider now owns 102,588 shares in the company, valued at $4,616,460. The disclosure for this sale can be found here. 5.21% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. CX Institutional bought a new stake in Nordstrom in the 1st quarter valued at $41,000. Zions Bancorporation N.A. bought a new stake in Nordstrom in the 1st quarter valued at $41,000. Quadrant Capital Group LLC bought a new stake in Nordstrom in the 1st quarter valued at $48,000. Pinnacle Financial Partners Inc. bought a new stake in Nordstrom in the 1st quarter valued at $51,000. Finally, Whittier Trust Co. bought a new stake in Nordstrom in the 1st quarter valued at $53,000. Institutional investors own 62.27% of the company’s stock.

About Nordstrom

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.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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