Nordstrom (NYSE:JWN) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Nordstrom (NYSE:JWN) posted its earnings results on Tuesday. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19, Zacks reports. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%.

Nordstrom Stock Performance

Shares of Nordstrom stock opened at $24.29 on Tuesday. The firm has a market capitalization of $4.01 billion, a P/E ratio of 15.46 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 52 week low of $16.78 and a 52 week high of $24.99. The firm’s 50 day moving average is $24.22 and its two-hundred day moving average is $23.28.

Nordstrom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, March 11th. Nordstrom’s dividend payout ratio (DPR) is 48.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JWN. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 price target on shares of Nordstrom in a research note on Tuesday, February 25th. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and upped their target price for the stock from $14.50 to $24.00 in a research note on Friday, January 10th. Evercore ISI boosted their price target on shares of Nordstrom from $22.00 to $24.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. Argus lowered Nordstrom from a “buy” rating to a “sell” rating in a research report on Monday, December 30th. Finally, Bank of America lifted their target price on Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Nordstrom has a consensus rating of “Hold” and a consensus target price 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.