Nordstrom, Inc. (NYSE:JWN) – Stock analysts at KeyCorp issued their FY2021 EPS estimates for Nordstrom in a research report issued on Monday, December 17th. KeyCorp analyst E. Yruma forecasts that the specialty retailer will post earnings per share of $4.06 for the year.
Nordstrom (NYSE:JWN) last released its earnings results on Thursday, November 15th. The specialty retailer reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Nordstrom had a net margin of 2.92% and a return on equity of 51.66%.
NYSE:JWN opened at $48.31 on Wednesday. The firm has a market cap of $7.97 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.21 and a beta of 0.54. Nordstrom has a one year low of $45.25 and a one year high of $67.75. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 2.23.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA boosted its stake in shares of Nordstrom by 22.4% in the 3rd quarter. Federated Investors Inc. PA now owns 1,639 shares of the specialty retailer’s stock valued at $98,000 after purchasing an additional 300 shares during the last quarter. Vanguard Group Inc boosted its stake in Nordstrom by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 12,462,906 shares of the specialty retailer’s stock worth $745,406,000 after acquiring an additional 178,581 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in Nordstrom by 46.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 77,831 shares of the specialty retailer’s stock worth $4,655,000 after acquiring an additional 24,859 shares during the last quarter. Auxier Asset Management bought a new position in Nordstrom during the 3rd quarter worth approximately $224,000. Finally, Csenge Advisory Group bought a new position in Nordstrom during the 3rd quarter worth approximately $317,000. 60.33% of the stock is currently owned by institutional investors.
In other news, insider Blake W. Nordstrom sold 127,251 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $61.51, for a total value of $7,827,209.01. Following the transaction, the insider now owns 2,519,436 shares of the company’s stock, valued at approximately $154,970,508.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Sari sold 8,795 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $549,687.50. Following the completion of the transaction, the vice president now directly owns 14,960 shares in the company, valued at approximately $935,000. The disclosure for this sale can be found here. 7.05% of the stock is owned by corporate insiders.
Nordstrom declared that its board has authorized a stock repurchase program on Wednesday, August 22nd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 14.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 11th. Investors of record on Monday, November 26th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 23rd. Nordstrom’s dividend payout ratio (DPR) is currently 50.00%.
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.
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