Nordstrom (NYSE:JWN) Issues FY25 Earnings Guidance

Nordstrom (NYSE:JWN) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.75-2.05 for the period, compared to the consensus estimate of $1.93. Nordstrom also updated its FY 2024 guidance to 1.750-2.050 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JWN. Citigroup upped their target price on shares of Nordstrom from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. StockNews.com raised Nordstrom from a “buy” rating to a “strong-buy” rating in a report on Wednesday. TD Cowen boosted their price target on Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Bank of America increased their price objective on Nordstrom from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday. Finally, Telsey Advisory Group boosted their target price on shares of Nordstrom from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nordstrom has a consensus rating of “Hold” and an average price target of $21.29.

Nordstrom Stock Performance

Shares of Nordstrom stock opened at $22.62 on Friday. The firm has a 50 day simple moving average of $22.85 and a 200 day simple moving average of $22.23. Nordstrom has a fifty-two week low of $14.80 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.41. The firm has a market cap of $3.71 billion, a P/E ratio of 14.41 and a beta of 2.59.

Nordstrom (NYSE:JWN) last released its earnings results on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts predict that Nordstrom will post 1.93 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. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.36%. Nordstrom’s payout ratio is presently 48.41%.

Insider Activity

In other news, COO Alexis Depree sold 20,000 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the transaction, the chief operating officer now owns 169,331 shares of the company’s stock, valued at $3,928,479.20. This represents a 10.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.78% of the company’s stock.

Nordstrom Company Profile

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.