Nordstrom, Inc. (NYSE:JWN) announced a quarterly dividend on Thursday, November 21st, RTT News reports. Investors of record on Friday, November 29th will be given a dividend of 0.37 per share by the specialty retailer on Monday, December 16th. This represents a $1.48 annualized dividend and a dividend yield of 4.36%.
JWN stock opened at $33.95 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.35 and a debt-to-equity ratio of 5.39. The firm has a market cap of $5.89 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.92 and a beta of 0.73. Nordstrom has a 12-month low of $25.01 and a 12-month high of $54.65. The stock’s 50 day simple moving average is $35.61 and its 200 day simple moving average is $32.95.
Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Wednesday, August 21st. The specialty retailer reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. Nordstrom had a return on equity of 62.11% and a net margin of 3.17%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. On average, research analysts forecast that Nordstrom will post 3.34 EPS for the current fiscal year.
JWN has been the topic of several analyst reports. Guggenheim reaffirmed a “hold” rating on shares of Nordstrom in a research report on Tuesday, October 22nd. UBS Group lowered Nordstrom from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Wednesday, October 30th. Barclays initiated coverage on Nordstrom in a research report on Tuesday, November 12th. They issued an “equal weight” rating and a $36.00 target price on the stock. Telsey Advisory Group dropped their target price on Nordstrom from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Finally, KeyCorp dropped their target price on Nordstrom from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.44.
In other news, insider Christine Deputy sold 1,906 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $54,378.18. Following the transaction, the insider now directly owns 56,913 shares of the company’s stock, valued at $1,623,727.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.21% of the stock is currently owned by company insiders.
About Nordstrom
Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories 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 full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.
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