Nordstrom - JWN Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last twelve months. There are currently 4 sell ratings, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" JWN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JWN, but not buy additional shares or sell existing shares.
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18 brokerages have issued 1-year target prices for Nordstrom's stock. Their JWN share price forecasts range from $15.00 to $35.00. On average, they expect the company's stock price to reach $25.35 in the next twelve months. This suggests a possible upside of 32.0% from the stock's current price.
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Nordstrom's stock was trading at $22.62 at the start of the year. Since then, JWN stock has decreased by 15.1% and is now trading at $19.20.
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Nordstrom saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 23,150,000 shares, a decline of 10.9% from the July 31st total of 25,970,000 shares. Based on an average daily trading volume, of 6,310,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 20.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Nordstrom, Inc. (NYSE:JWN) announced its earnings results on Tuesday, August, 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Nordstrom had a trailing twelve-month return on equity of 70.36% and a net margin of 2.60%. During the same quarter in the prior year, the company earned $0.49 earnings per share.

Nordstrom declared a quarterly dividend on Wednesday, August 17th. Shareholders of record on Tuesday, August 30th will be given a dividend of $0.19 per share on Wednesday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Monday, August 29th.
Read our dividend analysis for JWN.

Nordstrom (NYSE:JWN) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.21%. JWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JWN will have a dividend payout ratio of 28.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JWN.

Nordstrom announced that its board has authorized a stock repurchase plan on Tuesday, May 24th 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 15.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Nordstrom issued an update on its FY 2022 earnings guidance on Tuesday, September, 6th. The company provided earnings per share (EPS) guidance of $2.30-$2.60 for the period, compared to the consensus EPS estimate of $3.05. The company issued revenue guidance of $15.53 billion-$15.82 billion, compared to the consensus revenue estimate of $15.77 billion.

1,086 employees have rated Nordstrom Chief Executive Officer Erik B. Nordstrom and Peter E. Nordstrom on Glassdoor.com. Erik B. Nordstrom and Peter E. Nordstrom has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordstrom investors own include Intel (INTC), Walt Disney (DIS), NVIDIA (NVDA), Starbucks (SBUX), General Electric (GE), AT&T (T), Bank of America (BAC), Boeing (BA), Pfizer (PFE) and Netflix (NFLX).

Nordstrom trades on the New York Stock Exchange (NYSE) under the ticker symbol "JWN."

Nordstrom's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (4.28%), State Street Corp (2.65%), Douglas Lane & Associates LLC (0.86%), Northern Trust Corp (0.56%), Pacifica Capital Investments LLC (0.54%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Alexis Depree, Anne L Bramman, Bradley D Tilden, Christine Deputy, Erik B Nordstrom, Geevy Sk Thomas, Ken Worzel, Michael W Maher, Peter E Nordstrom and Scott A Meden.
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Shares of JWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JWN stock can currently be purchased for approximately $19.20.

Nordstrom (NYSE:JWN) has a market capitalization of $3.06 billion and generates $14.79 billion in revenue each year. The specialty retailer earns $178 million in net income (profit) each year or $2.52 on an earnings per share basis.

The company employs 60,000 workers across the globe.

Nordstrom was founded in 1901.

Nordstrom's mailing address is 1617 SIXTH AVENUE, SEATTLE WA, 98101. The official website for the company is www.nordstrom.com. The specialty retailer can be reached via phone at (206) 628-2111, via email at invrelations@nordstrom.com, or via fax at 206-628-1795.