Analysts forecast that Nordstrom, Inc. (NYSE:JWN) will report $3.60 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Nordstrom’s earnings, with estimates ranging from $3.39 billion to $4.02 billion. Nordstrom reported sales of $3.09 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 16.5%. The company is scheduled to announce its next earnings report on Tuesday, November 23rd.
On average, analysts expect that Nordstrom will report full year sales of $14.73 billion for the current fiscal year, with estimates ranging from $14.44 billion to $15.09 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $15.35 billion, with estimates ranging from $14.92 billion to $16.39 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Nordstrom.
Nordstrom (NYSE:JWN) last announced its earnings results on Monday, August 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.22. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.33 billion. Nordstrom’s revenue for the quarter was up 96.4% on a year-over-year basis. During the same quarter last year, the business posted ($1.62) EPS.
Shares of NYSE JWN traded up $0.93 during trading hours on Friday, reaching $27.93. 4,916,033 shares of the stock were exchanged, compared to its average volume of 4,150,379. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -2,793.00, a P/E/G ratio of 3.06 and a beta of 2.40. The company has a debt-to-equity ratio of 10.63, a quick ratio of 0.33 and a current ratio of 0.90. Nordstrom has a 52 week low of $11.72 and a 52 week high of $46.45. The stock’s fifty day simple moving average is $32.23 and its 200 day simple moving average is $35.37.
In other Nordstrom news, insider Geevy Sk Thomas sold 18,572 shares of the firm’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $35.00, for a total value of $650,020.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.55% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JWN. State of New Jersey Common Pension Fund D acquired a new stake in shares of Nordstrom during the 1st quarter valued at $2,602,000. CWM LLC boosted its holdings in shares of Nordstrom by 419.5% during the 1st quarter. CWM LLC now owns 1,574 shares of the specialty retailer’s stock valued at $60,000 after acquiring an additional 1,271 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Nordstrom by 162.7% during the 1st quarter. Meeder Asset Management Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 1,404 shares in the last quarter. State of Michigan Retirement System raised its position in Nordstrom by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 40,300 shares of the specialty retailer’s stock worth $1,526,000 after purchasing an additional 700 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Nordstrom by 594.9% during the 1st quarter. Victory Capital Management Inc. now owns 655,524 shares of the specialty retailer’s stock worth $24,824,000 after purchasing an additional 561,196 shares during the last quarter. 59.71% of the stock is currently owned by institutional investors.
Nordstrom Company Profile
Nordstrom, Inc engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail; and Corporate/Other. The Retail segment comprises selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children.
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