Nordstrom (NYSE:JWN) Given New $26.00 Price Target at Telsey Advisory Group

Nordstrom (NYSE:JWN) had its price objective hoisted by Telsey Advisory Group from $24.00 to $26.00 in a report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a market perform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Nordstrom’s Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $2.00 EPS, Q4 2026 earnings at $0.96 EPS and FY2026 earnings at $2.06 EPS.

A number of other equities research analysts also recently issued reports on JWN. TD Cowen increased their price target on shares of Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. StockNews.com raised shares of Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Bank of America increased their price target on shares of Nordstrom from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. BMO Capital Markets increased their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, August 28th. Finally, KeyCorp downgraded shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.29.

Nordstrom Price Performance

NYSE JWN opened at $22.71 on Wednesday. The company has a market cap of $3.73 billion, a PE ratio of 14.47 and a beta of 2.59. Nordstrom has a 52 week low of $15.08 and a 52 week high of $24.99. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. The firm’s 50-day simple moving average is $22.85 and its two-hundred day simple moving average is $22.24.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Research analysts predict that Nordstrom will post 1.93 earnings per share for the current year.

Nordstrom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Insiders Place Their Bets

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of Nordstrom stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total transaction of $464,000.00. Following the transaction, the chief operating officer now directly owns 169,331 shares of the company’s stock, valued at approximately $3,928,479.20. This trade represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JWN. Venturi Wealth Management LLC raised its stake in shares of Nordstrom by 355.9% during the third quarter. Venturi Wealth Management LLC now owns 1,272 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 993 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in shares of Nordstrom by 101.8% in the second quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after buying an additional 752 shares during the period. Rothschild Investment LLC purchased a new position in shares of Nordstrom in the second quarter worth $39,000. Blue Trust Inc. increased its stake in shares of Nordstrom by 10,045.8% in the second quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after buying an additional 2,411 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Nordstrom in the second quarter worth $71,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

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.