Wall Street analysts expect Nordstrom, Inc. (NYSE:JWN) to post $3.94 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Nordstrom’s earnings. The highest sales estimate is $4.06 billion and the lowest is $3.85 billion. Nordstrom reported sales of $4.07 billion during the same quarter last year, which indicates a negative year over year growth rate of 3.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 15th.

On average, analysts expect that Nordstrom will report full year sales of $15.58 billion for the current financial year, with estimates ranging from $15.21 billion to $15.83 billion. For the next fiscal year, analysts forecast that the company will post sales of $15.79 billion, with estimates ranging from $15.44 billion to $16.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Nordstrom.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, May 21st. The specialty retailer reported $0.23 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.20). The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.54 billion. Nordstrom had a return on equity of 58.16% and a net margin of 3.27%. During the same period last year, the business earned $0.51 EPS.

A number of equities analysts recently issued reports on JWN shares. Bank of America cut their target price on Nordstrom from $40.00 to $32.00 and set an “underperform” rating on the stock in a report on Wednesday, May 22nd. JPMorgan Chase & Co. set a €21.00 ($24.42) target price on Infineon Technologies and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Citigroup upgraded Gilead Sciences from a “neutral” rating to a “buy” rating and set a $66.80 target price on the stock in a report on Wednesday, May 22nd. UBS Group set a $54.00 target price on Westlake Chemical and gave the stock a “sell” rating in a report on Tuesday, July 2nd. Finally, Credit Suisse Group increased their target price on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Nordstrom has an average rating of “Hold” and a consensus price target of $40.11.

In other news, insider Peter E. Nordstrom sold 3,380 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $32.46, for a total transaction of $109,714.80. Following the completion of the sale, the insider now directly owns 2,530,989 shares of the company’s stock, valued at approximately $82,155,902.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christine Deputy sold 4,812 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $32.59, for a total value of $156,823.08. Following the sale, the insider now directly owns 60,056 shares of the company’s stock, valued at $1,957,225.04. The disclosure for this sale can be found here. Company insiders own 5.21% of the company’s stock.

Several institutional investors have recently made changes to their positions in JWN. CX Institutional purchased a new stake in Nordstrom in the 1st quarter worth about $41,000. Zions Bancorporation N.A. purchased a new stake in Nordstrom in the 1st quarter worth about $41,000. Quadrant Capital Group LLC purchased a new stake in Nordstrom in the 1st quarter worth about $48,000. Pinnacle Financial Partners Inc. purchased a new stake in Nordstrom in the 1st quarter worth about $51,000. Finally, Whittier Trust Co. purchased a new stake in Nordstrom in the 1st quarter worth about $53,000. 62.30% of the stock is owned by hedge funds and other institutional investors.

Shares of JWN traded up $0.79 during trading hours on Friday, reaching $31.36. The stock had a trading volume of 2,729,500 shares, compared to its average volume of 3,449,029. Nordstrom has a 12 month low of $30.14 and a 12 month high of $67.75. The stock’s 50-day moving average is $32.20. The company has a debt-to-equity ratio of 6.34, a current ratio of 0.76 and a quick ratio of 0.24. The firm has a market cap of $4.80 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.51 and a beta of 0.65.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.72%. The ex-dividend date was Friday, May 31st. Nordstrom’s dividend payout ratio (DPR) is presently 41.69%.

Nordstrom Company Profile

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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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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