Nordstrom (NYSE:JWN) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Nordstrom (NYSE:JWN - Get Free Report) released its quarterly earnings results on Tuesday. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.20, Zacks reports. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.32 billion. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%.

Nordstrom Stock Up 0.3 %

JWN stock traded up $0.07 during trading on Friday, hitting $24.46. 2,993,299 shares of the stock traded hands, compared to its average volume of 2,291,777. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 15.58 and a beta of 2.60. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 0.35. Nordstrom has a 1 year low of $16.78 and a 1 year high of $24.99. The firm's 50 day moving average is $24.23 and its two-hundred day moving average is $23.31.

Nordstrom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, March 11th. Nordstrom's payout ratio is 44.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JWN shares. UBS Group raised shares of Nordstrom from a "sell" rating to a "neutral" rating and raised their target price for the stock from $14.50 to $24.00 in a research report on Friday, January 10th. Barclays lifted their price objective on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. StockNews.com started coverage on Nordstrom in a research report on Friday. They issued a "buy" rating for the company. Bank of America lifted their price target on Nordstrom from $20.00 to $22.00 and gave the company an "underperform" rating in a research report on Wednesday, November 27th. Finally, Evercore ISI upped their price target on Nordstrom from $22.00 to $24.00 and gave the stock an "in-line" rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Nordstrom currently has an average rating of "Hold" and a consensus price target of $22.36.

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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.