Analysts expect Nordstrom, Inc. (NYSE:JWN) to post earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Nordstrom’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.68. Nordstrom reported earnings of $0.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 10th.
According to Zacks, analysts expect that Nordstrom will report full-year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.91 to $3.02. For the next financial year, analysts expect that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.50 to $3.20. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Nordstrom.
Several research analysts recently issued reports on JWN shares. TheStreet lowered shares of Nordstrom from a “b-” rating to a “c” rating in a research note on Thursday, May 11th. Atlantic Securities upgraded shares of Nordstrom from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $58.00 in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of Nordstrom from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Vetr upgraded shares of Nordstrom from a “buy” rating to a “strong-buy” rating and set a $53.07 price target for the company in a research note on Tuesday, April 18th. Finally, Maxim Group set a $61.00 price target on shares of Nordstrom and gave the stock a “buy” rating in a research note on Thursday, May 4th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.23.
Several institutional investors have recently bought and sold shares of JWN. First Trust Advisors LP increased its position in Nordstrom by 72.8% in the first quarter. First Trust Advisors LP now owns 264,500 shares of the specialty retailer’s stock worth $12,318,000 after buying an additional 111,458 shares during the last quarter. Boston Private Wealth LLC acquired a new position in Nordstrom during the first quarter worth about $492,000. Scopus Asset Management L.P. increased its position in Nordstrom by 50.0% in the first quarter. Scopus Asset Management L.P. now owns 600,000 shares of the specialty retailer’s stock worth $27,942,000 after buying an additional 200,000 shares during the last quarter. Toronto Dominion Bank increased its position in Nordstrom by 53.4% in the first quarter. Toronto Dominion Bank now owns 30,914 shares of the specialty retailer’s stock worth $1,440,000 after buying an additional 10,764 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Nordstrom by 20.7% in the first quarter. Bank of America Corp DE now owns 1,031,859 shares of the specialty retailer’s stock worth $48,054,000 after buying an additional 176,908 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors.
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Shares of Nordstrom (NYSE JWN) traded down 0.17% on Tuesday, hitting $47.41. 1,530,332 shares of the stock were exchanged. The company has a 50-day moving average price of $47.43 and a 200 day moving average price of $45.44. Nordstrom has a 12 month low of $39.53 and a 12 month high of $62.82. The company has a market cap of $7.87 billion, a PE ratio of 22.20 and a beta of 0.83.
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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