Nordstrom (NYSE:JWN) Issues FY25 Earnings Guidance

Nordstrom (NYSE:JWN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.75-2.05 for the period, compared to the consensus estimate of $1.93. Nordstrom also updated its FY 2024 guidance to 1.750-2.050 EPS.

Nordstrom Price Performance

Shares of JWN stock opened at $22.62 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 2.65. Nordstrom has a 12-month low of $14.80 and a 12-month high of $24.99. The firm has a fifty day moving average of $22.85 and a 200-day moving average of $22.23. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 14.41 and a beta of 2.59.

Nordstrom (NYSE:JWN) last posted its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Nordstrom will post 1.93 earnings per share for the current year.

Nordstrom Announces Dividend

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 paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.36%. Nordstrom’s payout ratio is 48.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JWN shares. Citigroup increased their price objective on shares of Nordstrom from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Telsey Advisory Group lifted their price target on Nordstrom from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, August 28th. Finally, TD Cowen boosted their target price on Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nordstrom has an average rating of “Hold” and an average price target of $21.29.

Insider Activity

In related news, COO Alexis Depree sold 20,000 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the sale, the chief operating officer now owns 169,331 shares in the company, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.78% of the company’s stock.

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.