Nordstrom (NYSE:JWN) Releases 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, topping the consensus estimate of $0.90 by $0.20, Zacks reports. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.32 billion.

Nordstrom Price Performance

Shares of Nordstrom stock traded up $0.07 on Friday, hitting $24.46. The company's stock had a trading volume of 2,993,299 shares, compared to its average volume of 2,291,777. The company has a market capitalization of $4.04 billion, a P/E ratio of 15.58 and a beta of 2.60. Nordstrom has a 52-week low of $16.78 and a 52-week high of $24.99. The firm has a fifty day moving average price of $24.23 and a 200-day moving average price of $23.31. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 2.65.

Nordstrom Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JWN shares. Argus downgraded shares of Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price target on shares of Nordstrom in a report on Wednesday. Evercore ISI lifted their price objective on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Citigroup increased their target price on Nordstrom from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Finally, UBS Group upgraded Nordstrom from a "sell" rating to a "neutral" rating and lifted their price target for the company from $14.50 to $24.00 in a research note on Friday, January 10th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.