Nordstrom, Inc. (NYSE:JWN) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.85-3.00 for the period, compared to the Thomson Reuters consensus estimate of $3.01.
A number of research firms recently weighed in on JWN. BidaskClub downgraded Nordstrom from a buy rating to a hold rating in a research report on Saturday. Wolfe Research lifted their target price on Nordstrom from $45.00 to $47.00 and gave the stock an outperform rating in a research report on Friday. Credit Suisse Group reissued a buy rating and set a $52.00 target price on shares of Nordstrom in a research report on Thursday. 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. Finally, Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the stock a hold rating in a research report on Tuesday, July 25th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $47.34.
Shares of Nordstrom, Inc. (NYSE:JWN) opened at 44.90 on Friday. The firm’s 50 day moving average is $47.32 and its 200 day moving average is $45.51. Nordstrom, Inc. has a 12 month low of $39.53 and a 12 month high of $62.82. The company has a market cap of $7.46 billion, a PE ratio of 21.02 and a beta of 0.83.
Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.19%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the firm earned $0.67 earnings per share. Nordstrom’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Nordstrom, Inc. will post $2.96 earnings per share for the current year.
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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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