Equities analysts predict that Nordstrom, Inc. (NYSE:JWN) will announce sales of $3.61 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Nordstrom’s earnings, with estimates ranging from $3.43 billion to $3.70 billion. Nordstrom reported sales of $3.63 billion in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is expected to report its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Nordstrom will report full year sales of $15.74 billion for the current fiscal year, with estimates ranging from $15.67 billion to $15.78 billion. For the next fiscal year, analysts expect that the firm will report sales of $16.10 billion per share, with estimates ranging from $15.83 billion to $16.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Nordstrom.

Nordstrom (NYSE:JWN) last released its quarterly earnings data on Thursday, August 16th. The specialty retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. Nordstrom had a return on equity of 55.75% and a net margin of 2.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share.

JWN has been the topic of a number of recent research reports. Royal Bank of Canada set a $55.00 price objective on Nordstrom and gave the company a “hold” rating in a report on Friday. Nomura lifted their price objective on Nordstrom from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, July 12th. Credit Suisse Group lifted their price objective on Nordstrom from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $47.00 price objective on shares of Nordstrom in a report on Tuesday, August 7th. Finally, Deutsche Bank raised Nordstrom from a “hold” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $55.00 in a report on Wednesday, May 23rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.72.

In related news, insider James F. Nordstrom, Jr. sold 2,874 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $52.51, for a total value of $150,913.74. Following the completion of the transaction, the insider now owns 469,116 shares in the company, valued at approximately $24,633,281.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erik B. Nordstrom sold 3,379 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $179,087.00. The disclosure for this sale can be found here. Insiders sold a total of 170,624 shares of company stock worth $9,072,951 over the last three months. 7.05% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of JWN. Centaurus Financial Inc. bought a new position in Nordstrom in the 2nd quarter worth approximately $112,000. Kiley Juergens Wealth Management LLC bought a new position in Nordstrom in the 2nd quarter worth approximately $118,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Nordstrom in the 1st quarter worth approximately $124,000. Whittier Trust Co. bought a new position in Nordstrom in the 2nd quarter worth approximately $147,000. Finally, Perigon Wealth Management LLC bought a new position in Nordstrom in the 1st quarter worth approximately $152,000. Hedge funds and other institutional investors own 55.96% of the company’s stock.

NYSE JWN traded up $6.90 during trading on Thursday, reaching $59.18. 17,074,305 shares of the company traded hands, compared to its average volume of 2,210,689. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 2.50. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.55 and a beta of 0.82. Nordstrom has a 1-year low of $37.79 and a 1-year high of $59.25.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company operates in two segments, Retail and Credit. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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