Nordstrom (NYSE:JWN) Issues Quarterly Earnings Results

Nordstrom (NYSE:JWN) announced its quarterly earnings data on Tuesday. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25, Briefing.com reports. Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Nordstrom updated its FY25 guidance to $1.75-2.05 EPS and its FY 2024 guidance to 1.750-2.050 EPS.

Nordstrom Trading Down 0.2 %

JWN opened at $21.99 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.03 and a quick ratio of 0.36. Nordstrom has a fifty-two week low of $12.88 and a fifty-two week high of $24.03. The firm has a market capitalization of $3.60 billion, a PE ratio of 12.01, a P/E/G ratio of 2.55 and a beta of 2.62. The company’s 50-day moving average is $21.93 and its 200 day moving average is $20.68.

Nordstrom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.46%. Nordstrom’s dividend payout ratio is currently 41.53%.

Analyst Ratings Changes

Several brokerages have recently issued reports on JWN. StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Barclays upped their price target on shares of Nordstrom from $15.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, May 31st. BMO Capital Markets upped 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. Telsey Advisory Group boosted their price objective on shares of Nordstrom from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.85.

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.