Nordstrom, Inc. (JWN) Issues FY18 Earnings Guidance

Nordstrom, Inc. (JWN) Issues FY18 Earnings Guidance

Nordstrom Inc. (JWN) belonging to the Consumer Cyclical sector has declined -4.29% and closed its last trading session at $44.87. The rating was initiated by Citigroup with "Buy" on Wednesday, October 7. The stock has "Hold" rating by RBC Capital Markets on Monday, June 19.

Stock has got OUTPERFORM rating from 8 analyst (s) whereas last month 8 analyst (s) have given outperform rating.

Nordstrom tweaked its outlook for full-year earnings. The company is gaining from solid inventory management and operational efficiencies, along with sales growth in Nordstrom Rack and strong eCommerce performance.

Nordstrom has continued to focus on its store-expansion strategy.

JWN has been the topic of several other research reports. Zacks Investment Research downgraded Nordstrom from a hold rating to a sell rating in a report on Wednesday, April 26th. Atlantic Securities raised Nordstrom from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $45.00 to $58.00 in a report on Thursday, May 4th. The stock has "Buy" rating by Maxim Group on Thursday, June 16. Gordon Haskett has "Accumulate" rating and $54 target. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $47.34.

Nordstrom (JWN) declined 0.45% throughout intraday market trading on early Monday, reaching $44.67. The company has market cap of $7.30 billion. The current share price indicates that stock is -25.37% away from its one year high and is moving 18.59% ahead of its 52-week low. Market valuation of the company is $7.42 B, a price to earnings ratio of 20.91 along with a stock beta of 0.83. the company has 50 day SMA of $47.39 along with a 200 - day SMA of $45.51.

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Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, August 10th.

The upscale department store retailer reported that total net sales increased 3.5% to $3.79 billion in the quarter ended July 29, compared to a forecast for $3.75 billion.

Analysts are also projecting an Average Revenue Estimate for Nordstrom $3.75 Million in the Current Quarter. BlackRock raised its position in Nordstrom by 2,321.7% in the Q1. Nordstrom Rewards customers accounted for 56% of second-quarter sales, up from 48%. During the same quarter in the prior year, the business earned $0.67 earnings per share. If you are viewing this report on another site, it was copied illegally and republished in violation of USA and worldwide trademark & copyright laws. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & worldwide trademark & copyright law. The firm owned 22,718 shares of the specialty retailer's stock after buying an additional 670 shares during the period. Global X Management Co. Confluence Investment Management LLC increased its position in Nordstrom by 14.4% in the first quarter.

Trading was heavy with 6,510K shares changing hands on Friday. Citadel Advisors LLC trimmed its position by selling 1,259,114 shares a decrease of 79.7% in the quarter. Mosaic Family Wealth LLC now owns 2,953 shares of the specialty retailer's stock valued at $138,000 after buying an additional 109 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Nordstrom by 53.4% in the first quarter. State Street Corp now owns 6,330,520 shares of the specialty retailer's stock worth $294,822,000 after buying an additional 160,947 shares during the period. Finally, DnB Asset Management AS bought a new stake in shares of Nordstrom during the first quarter valued at $520,000.

Consensus estimates call for third-quarter EPS of $0.64 on revenues of $3.59 billion. Moreno Evelyn V now owns 91,875 shares of the specialty retailer's stock worth $4,279,000 after buying an additional 5,970 shares during the last quarter. The Company's divisions include Retail and Credit.

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