News stories about Nordstrom (NYSE:JWN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordstrom earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 46.6076398646039 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Nordstrom, Inc. (JWN) is trading on positive analyst sentiment with expected lower FWD PE – Morning Outlook (morningoutlook.com)
- Nordstrom plans pop-ups and pick-ups to woo holiday shoppers (finance.yahoo.com)
- ETFs with exposure to Nordstrom, Inc. : December 12, 2017 (finance.yahoo.com)
- Beta Factor Analysis – Nordstrom, Inc., (NYSE: JWN) – Stock Watch (stocksnewstimes.com)
- Nordstrom, Inc. (NYSE: JWN) – In Play Stock Characteristics – Alpha Beta Stock (alphabetastock.com)
Shares of Nordstrom (JWN) traded up $0.53 during trading on Wednesday, reaching $46.27. The company had a trading volume of 1,383,989 shares, compared to its average volume of 2,884,310. Nordstrom has a 52 week low of $37.79 and a 52 week high of $58.41. The company has a market capitalization of $7,710.00, a price-to-earnings ratio of 14.69, a PEG ratio of 2.59 and a beta of 0.90. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.30 and a current ratio of 1.00.
Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. sell-side analysts predict that Nordstrom will post 2.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, November 24th. Nordstrom’s payout ratio is 51.93%.
JWN has been the subject of a number of analyst reports. Zacks Investment Research upgraded Nordstrom from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research report on Wednesday, November 8th. Robert W. Baird reduced their price target on Nordstrom from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Cowen restated an “outperform” rating and issued a $53.00 price target (up previously from $49.00) on shares of Nordstrom in a research report on Wednesday, September 13th. KeyCorp set a $55.00 price target on Nordstrom and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Bank of America reduced their price target on Nordstrom from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. Nordstrom has an average rating of “Hold” and an average target price of $45.33.
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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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