Nordstrom (NYSE:JWN) Issues FY25 Earnings Guidance

Nordstrom (NYSE:JWN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.75-2.05 for the period, compared to the consensus estimate of $1.93.

Analysts Set New Price Targets

Several brokerages have issued reports on JWN. Barclays raised Nordstrom from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $18.00 to $23.00 in a research note on Thursday, September 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Nordstrom in a report on Wednesday, November 20th. BMO Capital Markets boosted their price target on shares of Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 28th. KeyCorp cut Nordstrom from an “overweight” rating to a “sector weight” rating in a report on Thursday, September 26th. Finally, StockNews.com raised Nordstrom from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.58.

Nordstrom Trading Down 1.1 %

NYSE:JWN traded down $0.28 on Tuesday, hitting $24.62. 4,259,878 shares of the stock were exchanged, compared to its average volume of 3,041,560. The stock has a market cap of $4.04 billion, a PE ratio of 14.58 and a beta of 2.59. Nordstrom has a fifty-two week low of $14.65 and a fifty-two week high of $24.99. The stock has a fifty day moving average of $22.82 and a 200-day moving average of $22.20. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts expect that Nordstrom will post 1.91 earnings per share for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.09%. Nordstrom’s dividend payout ratio (DPR) is presently 44.44%.

Insider Transactions at Nordstrom

In related news, COO Alexis Depree sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $23.20, for a total value of $464,000.00. Following the transaction, the chief operating officer now directly owns 169,331 shares in the company, valued at approximately $3,928,479.20. This represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.78% of the company’s stock.

About Nordstrom

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.