Nordstrom (JWN) Issues Quarterly Earnings Results

Nordstrom (NYSE:JWN) issued its quarterly earnings data on Thursday. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08, RTT News reports. Nordstrom had a net margin of 2.86% and a return on equity of 60.72%. During the same quarter in the previous year, the business earned $0.37 EPS. Nordstrom updated its FY19 guidance to $3.35-3.55 EPS.

Shares of NYSE JWN opened at $50.91 on Friday. Nordstrom has a fifty-two week low of $49.57 and a fifty-two week high of $51.56. The company has a market capitalization of $8.57 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 2.49 and a beta of 0.82. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Friday, May 18th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $1.48 annualized dividend and a yield of 2.91%. Nordstrom’s dividend payout ratio is currently 50.00%.

In related news, CMO Scott A. Meden sold 10,186 shares of the stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $50.00, for a total value of $509,300.00. Following the transaction, the chief marketing officer now directly owns 61,858 shares in the company, valued at $3,092,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Scott A. Meden sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $49.02, for a total transaction of $490,200.00. The disclosure for this sale can be found here. Insiders sold 36,428 shares of company stock worth $1,793,068 over the last 90 days. 7.05% of the stock is currently owned by company insiders.

JWN has been the topic of several research analyst reports. William Blair cut shares of Nordstrom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 23rd. Piper Jaffray set a $48.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research note on Thursday, March 1st. Robert W. Baird set a $53.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research note on Thursday, March 1st. Royal Bank of Canada set a $49.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research note on Friday, March 2nd. Finally, BMO Capital Markets increased their price target on shares of Nordstrom from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.32.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

Earnings History for Nordstrom (NYSE:JWN)

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