Nordstrom's earnings, revenue top estimates; shares fall on same-store sales miss

Owen Stevens
May 12, 2017

Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company's stock. Shares of Nordstrom closed at $49.01 on Friday, above the consensus price target of $47.00.

Several other analysts also recently commented on the stock. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The firm has "Buy" rating given on Tuesday, September 15 by Stifel Nicolaus. Without that, Nordstrom's quarterly profit would have been 43 cents per share. Finally, Credit Suisse Group AG upgraded shares of Nordstrom from a neutral rating to an outperform rating and set a $58.00 price target for the company in a report on Wednesday, January 18th. Zacks Investment Research upgraded Nordstrom from a "sell" rating to a "hold" rating in a research note on Wednesday. The stock has an average rating of "Hold" and a consensus price target of $47.75. (NYSE:JWN) for 32,190 shares. (NYSE:JWN). Moreover, Mcf Advsr Ltd Company has 0% invested in Nordstrom, Inc. The company has a market cap of $7.71 billion, a P/E ratio of 22.88 and a beta of 1.01.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, February 23rd. However, net earnings jumped 37% to $63 million, and that resulted in earnings of $0.37 per share, fully $0.10 higher than the consensus forecast among those following the stock.

On May 4, 2017, Nordstrom announced the appointment of Anne Bramman as CFO (chief financial officer), effective June 2, 2017. The company's a year ago sales total was 3.25 Billion. During the same quarter in the prior year, the business earned $1.17 EPS.

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Nordstrom, the largest upscale department-store chain in the US, is suffering from sluggish store traffic and consumers' growing preference to buy online. Johnson Financial Group Inc. increased its position in Nordstrom by 7.9% in the fourth quarter. The shares were sold at an average price of $47.50, for a total transaction of $74,005.00. Following the completion of the transaction, the president now directly owns 2,142,492 shares in the company, valued at approximately $96,583,539.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel F. Little sold 7,423 shares of the company's stock in a transaction that occurred on Monday, April 3rd. Following the completion of the transaction, the insider now owns 76,371 shares in the company, valued at $3,590,200.71. The disclosure for this sale can be found here. Insiders sold a total of 19,333 shares of company stock valued at $888,010 in the last 90 days. Advisory Services Network LLC acquired a new stake in shares of Nordstrom during the first quarter worth $113,000.

The stock has Return on Assets (ROA) of 4.5 percent. Brighton Jones LLC raised its position in Nordstrom by 110.4% in the third quarter.

The retail industry has gone through tough times lately, and things have been especially hard for high-end retailers like Nordstrom (NYSE: JWN). The Company's divisions include Retail and Credit.

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