Nordstrom (NYSE:JWN) Releases FY25 Earnings Guidance

Nordstrom (NYSE:JWN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.75-2.05 for the period, compared to the consensus EPS estimate of $1.93.

Nordstrom Price Performance

Shares of Nordstrom stock traded down $0.28 on Tuesday, hitting $24.62. 4,314,564 shares of the company were exchanged, compared to its average volume of 3,041,560. Nordstrom has a 1-year low of $14.65 and a 1-year high of $24.99. The company has a quick ratio of 0.41, a current ratio of 1.07 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 14.58 and a beta of 2.59. The company has a 50-day moving average price of $22.82 and a 200 day moving average price of $22.20.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Nordstrom will post 1.91 earnings per share for the current fiscal year.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.09%. Nordstrom’s dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

JWN has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Bank of America increased their target price on Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. KeyCorp downgraded Nordstrom from an “overweight” rating to a “sector weight” rating in a research report on Thursday, September 26th. Barclays raised shares of Nordstrom from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $18.00 to $23.00 in a research note on Thursday, September 5th. Finally, TD Cowen upped their target price on shares of Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.58.

Insider Buying and Selling

In related news, COO Alexis Depree sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the completion of the sale, the chief operating officer now owns 169,331 shares in the company, valued at $3,928,479.20. The trade was a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.78% of the company’s stock.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods 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 stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.