Analysts Expect Nordstrom, Inc. (JWN) Will Post Quarterly Sales of $4.57 Billion
Analysts predict that Nordstrom, Inc. (NYSE:JWN) will report sales of $4.57 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Nordstrom’s earnings, with the lowest sales estimate coming in at $4.52 billion and the highest estimate coming in at $4.60 billion. Nordstrom reported sales of $4.32 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Nordstrom will report full-year sales of $4.57 billion for the current year, with estimates ranging from $15.25 billion to $15.37 billion. For the next financial year, analysts expect that the firm will report sales of $15.53 billion per share, with estimates ranging from $15.31 billion to $15.79 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Nordstrom.
Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the firm earned $0.84 EPS. Nordstrom’s revenue for the quarter was up 2.0% compared to the same quarter last year.
A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the company a “hold” rating in a research report on Tuesday, July 25th. KeyCorp reissued an “overweight” rating and issued a $55.00 target price on shares of Nordstrom in a research report on Thursday, September 14th. Credit Suisse Group reissued a “buy” rating and issued a $52.00 target price on shares of Nordstrom in a research report on Thursday, August 10th. Zacks Investment Research raised Nordstrom from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, August 10th. Finally, Vetr downgraded Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price target for the company. in a research note on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.33.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in JWN. San Francisco Sentry Investment Group CA boosted its stake in Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 2,190 shares during the period. NEXT Financial Group Inc boosted its stake in Nordstrom by 55.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,642 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 942 shares during the period. Sei Investments Co. boosted its stake in Nordstrom by 32.0% in the 2nd quarter. Sei Investments Co. now owns 3,177 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 771 shares during the period. Mosaic Family Wealth LLC boosted its stake in Nordstrom by 8.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,195 shares of the specialty retailer’s stock valued at $153,000 after purchasing an additional 242 shares during the period. Finally, James Investment Research Inc. bought a new stake in Nordstrom in the 2nd quarter valued at $156,000. Institutional investors and hedge funds own 62.35% of the company’s stock.
Shares of Nordstrom (JWN) remained flat at $$40.03 during trading on Monday. 7,114,800 shares of the company were exchanged, compared to its average volume of 2,928,846. Nordstrom has a 52-week low of $37.79 and a 52-week high of $62.82. The firm has a market cap of $6,669.00, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00.
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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