Nordstrom (NYSE:JWN) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Nordstrom (NYSE:JWN) issued its quarterly earnings results on Tuesday. The specialty retailer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11, Briefing.com reports. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.34 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. Nordstrom’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Nordstrom updated its FY25 guidance to $1.75-2.05 EPS.

Nordstrom Stock Performance

Shares of NYSE JWN traded down $0.28 during trading on Tuesday, reaching $24.62. 4,259,878 shares of the stock traded hands, compared to its average volume of 3,041,560. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.07 and a quick ratio of 0.41. The stock has a market capitalization of $4.04 billion, a P/E ratio of 14.58 and a beta of 2.59. Nordstrom has a 52-week low of $14.65 and a 52-week high of $24.99. The company has a 50-day moving average of $22.82 and a 200-day moving average of $22.20.

Nordstrom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, December 3rd. Nordstrom’s dividend payout ratio (DPR) is 44.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JWN. TD Cowen lifted their price objective on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. KeyCorp lowered shares of Nordstrom from an “overweight” rating to a “sector weight” rating in a report on Thursday, September 26th. StockNews.com upgraded Nordstrom from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on Nordstrom from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, BMO Capital Markets increased their price target on Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Nordstrom has a consensus rating of “Hold” and a consensus price target of $20.58.

Insider Activity at Nordstrom

In other Nordstrom news, COO Alexis Depree sold 20,000 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now owns 169,331 shares in the company, valued at $3,928,479.20. This represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.78% of the stock is currently owned by company insiders.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.