Nordstrom (JWN) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" JWN shares.
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11 equities research analysts have issued 1-year price targets for Nordstrom's shares. Their JWN share price targets range from $11.00 to $20.00. On average, they predict the company's share price to reach $16.54 in the next year. This suggests that the stock has a possible downside of 13.6%.
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Nordstrom's stock was trading at $18.45 on January 1st, 2024. Since then, JWN shares have increased by 3.7% and is now trading at $19.14.
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Nordstrom saw a increase in short interest in March. As of March 15th, there was short interest totaling 18,950,000 shares, an increase of 14.2% from the February 29th total of 16,600,000 shares. Based on an average daily volume of 4,650,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 19.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our JWN earnings forecast.

Nordstrom, Inc. (NYSE:JWN) announced its quarterly earnings data on Tuesday, March, 5th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The specialty retailer had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.38 billion. Nordstrom had a net margin of 0.91% and a trailing twelve-month return on equity of 49.30%. The business's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS.

Nordstrom declared a quarterly dividend on Wednesday, February 28th. Shareholders of record on Tuesday, March 12th will be given a dividend of $0.19 per share on Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 3.97%. The ex-dividend date is Monday, March 11th.
Read our dividend analysis for JWN.

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.04%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 95.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, JWN will have a dividend payout ratio of 42.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

ETFs with the largest weight of Nordstrom (NYSE:JWN) stock in their portfolio include Invesco S&P Ultra Dividend Revenue ETF (RDIV), Invesco S&P MidCap 400 Pure Value ETF (RFV), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P MidCap 400 Revenue ETF (RWK), WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree U.S. SmallCap Fund (EES).

Nordstrom announced that its Board of Directors has initiated a share buyback program on Tuesday, May 24th 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 15.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Nordstrom updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of 1.650-2.050 for the period, compared to the consensus EPS estimate of 1.980. The company issued revenue guidance of $14.4 billion-$14.8 billion, compared to the consensus revenue estimate of $14.6 billion.

1,086 employees have rated Nordstrom Chief Executive Officer Erik B. Nordstrom and Peter E. Nordstrom on Glassdoor.com. Erik B. Nordstrom and Peter E. Nordstrom has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordstrom investors own include Intel (INTC), Walt Disney (DIS), NVIDIA (NVDA), Starbucks (SBUX), General Electric (GE), AT&T (T), Bank of America (BAC), Boeing (BA), Pfizer (PFE) and Netflix (NFLX).

Nordstrom's stock is owned by a variety of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.75%), Alaska Permanent Fund Corp (0.08%), Partnership Wealth Management LLC (0.08%), Louisiana State Employees Retirement System (0.02%), State of Michigan Retirement System (0.01%) and Silverleafe Capital Partners LLC (0.01%). Insiders that own company stock include Alexis Depree, Anne L Bramman, Bradley D Tilden, Farrell B Redwine, Geevy Sk Thomas, Gemma Lionello, Michael W Maher, Scott A Meden and Teri Bariquit.
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Shares of JWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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