Nordstrom (NYSE:JWN) Announces Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Nordstrom (NYSE:JWN) posted its quarterly earnings results on Tuesday. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20, Zacks reports. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.32 billion.

Nordstrom Trading Up 0.4 %

JWN opened at $24.35 on Thursday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.51 and a beta of 2.51. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. Nordstrom has a twelve month low of $16.78 and a twelve month high of $24.99. The company has a 50-day simple moving average of $24.23 and a 200 day simple moving average of $23.30.

Nordstrom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, March 11th. Nordstrom’s dividend payout ratio (DPR) is presently 48.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JWN. Bank of America increased their price target on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. UBS Group upgraded shares of Nordstrom from a “sell” rating to a “neutral” rating and raised their target price for the stock from $14.50 to $24.00 in a research note on Friday, January 10th. Citigroup upped their price target on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Barclays raised their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Argus downgraded Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.17.

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.