Nordstrom, Inc. (JWN) Updates FY18 Earnings Guidance
Nordstrom, Inc. (NYSE:JWN) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.85-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01.
Shares of Nordstrom, Inc. (NYSE JWN) traded down 4.29% during midday trading on Thursday, reaching $44.87. The company’s stock had a trading volume of 5,438,497 shares. Nordstrom, Inc. has a 1-year low of $39.53 and a 1-year high of $62.82. The company has a market capitalization of $7.45 billion, a P/E ratio of 21.01 and a beta of 0.83. The stock has a 50 day moving average of $47.43 and a 200-day moving average of $45.51.
A number of equities analysts recently commented on the stock. Credit Suisse Group reaffirmed a buy rating and issued a $52.00 price objective on shares of Nordstrom in a research note on Thursday. Zacks Investment Research raised shares of Nordstrom from a hold rating to a buy rating and set a $53.00 price objective for the company in a research note on Thursday. Piper Jaffray Companies set a $42.00 price objective on shares of Nordstrom and gave the stock a hold rating in a research note on Tuesday, July 25th. Vetr lowered shares of Nordstrom from a sell rating to a strong sell rating and set a $41.54 price objective for the company. in a research note on Monday, July 17th. Finally, J P Morgan Chase & Co reaffirmed an underweight rating and issued a $48.00 price objective on shares of Nordstrom in a research note on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company. Nordstrom has a consensus rating of Hold and an average target price of $47.36.
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Nordstrom Company Profile
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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