Nordstrom (JWN) Earning Somewhat Favorable News Coverage, Report Finds

Nordstrom Q1 Earnings: Digital Soars, But Comp Sales Miss the Mark

Nordstrom posts strong profit but its sales gains are meager

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, March 1st. The institutional investor owned 381,996 shares of the specialty retailer's stock after acquiring an additional 2,842 shares during the period. Confluence Investment Management LLC boosted its holdings in Nordstrom by 11.7% during the fourth quarter. Meadow Creek Investment Management LLC grew its position in Nordstrom by 7.7% in the fourth quarter. CA boosted its holdings in Nordstrom by 91.8% during the fourth quarter. The third largest holder is Bank Of New York Mellon Corp, which now holds $406.53 million worth of this stock and that ownership represents almost 4.7% of its market capitalization. Nordstrom Inc. reports earnings on Thursday, May 17, 2018. Windward Capital Management Co. The stock increased 1.09% or $0.54 during the last trading session, touching $49.86.Nordstrom, Inc. has volume of 1.55 million shares. Investors holded 88.99 million in 2017Q3 but now own 92.34 million shares or 3.76% more.

Several research firms have weighed in on JWN. They set a "neutral" rating and a $54.00 price objective on the stock. As per Thursday, December 21, the company rating was maintained by Robert W. Baird. The company rating was maintained by RBC Capital Markets on Friday, March 2. William Blair cut Nordstrom from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 23rd. Finally, TheStreet raised shares of Nordstrom from a "c+" rating to a "b-" rating in a research note on Friday, March 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. Susquehanna maintained it with "Hold" rating and $51.0 target in Tuesday, January 23 report. 14, 2018. These shares are worth $26,215 and were traded at $49 each. The firm has a market cap of $8.28 billion, a PE ratio of 16.84, a P/E/G ratio of 2.40 and a beta of 0.82.

Nordstrom Inc (NYSE:JWN) is expected to pay $0.37 on Jun 4, 2018. The consensus estimates call for $0.44 in earnings per share (EPS) on $3.46 billion in revenue.

Nordstrom also unveiled revenue of $3.47 billion for its first quarter, which was stronger than the $3.28 billion it brought in during its first quarter of fiscal 2017.

Among 10 analysts covering Nordstrom Inc (NYSE:JWN), 2 have Buy rating, 0 Sell and 8 Hold.

Digital sales rose 18% Y/Y to carve out 29% of all sales, compared to 25% a year ago.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.95%. Nordstrom's payout ratio is 50.00%.

In other news, insider Ken Worzel sold 13,703 shares of the business's stock in a transaction that occurred on Wednesday, April 11th.

In the transaction dated April 30, 2018, the great number of shares disposed came courtesy the Chief Human Resource Officer; Deputy Christine disposed a total of 9,960 shares at an average price of $51.71, amounting to approximately $515,032. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. On Friday, April 27 a trade for 10,186 shs valued at $509,300 was made by Meden Scott A. The insider Deputy Christine sold $515,032.

But in March, the company rejected the offer - $50 in cash for each share of the company that the family doesn't own, plus the same price for about 21 percent of the company that the individual family members own. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,428 shares of company stock valued at $1,793,068. Ubs Asset Management Americas owns 616,690 shares for 0.02% of their portfolio.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in the Consumer Cyclical sector with a market capitalization of 8.65 Million. Customers are served at full-line stores in the US and Canada, Nordstrom Rack locations, seven Trunk Club clubhouses-a personalized styling service-Jeffrey boutiques and clearance stores.

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