William Blair Increases Earnings Estimates for Nordstrom

Nordstrom, Inc. (NYSE:JWN) – Stock analysts at William Blair raised their FY2026 EPS estimates for shares of Nordstrom in a research report issued to clients and investors on Wednesday, November 27th. William Blair analyst D. Carden now expects that the specialty retailer will post earnings per share of $2.09 for the year, up from their previous forecast of $2.07. The consensus estimate for Nordstrom’s current full-year earnings is $1.91 per share.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results 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 1.44% and a negative return on equity of 21.26%. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.

Several other analysts have also recently weighed in on JWN. UBS Group raised their price objective on shares of Nordstrom from $13.00 to $14.50 and gave the company a “sell” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 28th. Citigroup raised their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Bank of America raised their price objective on shares of Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Nordstrom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.65.

Nordstrom Stock Performance

Nordstrom stock opened at $22.62 on Thursday. The firm’s fifty day moving average price is $22.86 and its 200-day moving average price is $22.23. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. The stock has a market cap of $3.71 billion, a P/E ratio of 13.23 and a beta of 2.59. Nordstrom has a fifty-two week low of $14.80 and a fifty-two week high of $24.99.

Nordstrom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, December 3rd. Nordstrom’s payout ratio is presently 44.44%.

Insider Buying and Selling at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total value of $464,000.00. Following the transaction, the chief operating officer now owns 169,331 shares in the company, valued at approximately $3,928,479.20. The trade was a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.78% of the company’s stock.

Hedge Funds Weigh In On Nordstrom

Hedge funds have recently modified their holdings of the company. Cyndeo Wealth Partners LLC purchased a new position in shares of Nordstrom in the third quarter valued at about $6,248,000. Olympiad Research LP purchased a new position in shares of Nordstrom in the third quarter valued at about $508,000. Point72 DIFC Ltd purchased a new position in shares of Nordstrom in the second quarter valued at about $1,174,000. Comerica Bank increased its position in shares of Nordstrom by 59.9% in the first quarter. Comerica Bank now owns 75,806 shares of the specialty retailer’s stock valued at $1,537,000 after acquiring an additional 28,411 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Nordstrom by 66.2% in the second quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock valued at $35,251,000 after acquiring an additional 661,769 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

About Nordstrom

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.