Nordstrom (NYSE:JWN – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.30-$2.60 for the period, compared to the consensus EPS estimate of $2.34. The company issued revenue guidance of $15.53 billion-$15.82 billion, compared to the consensus revenue estimate of $15.58 billion. Nordstrom also updated its FY23 guidance to $2.30-2.60 EPS.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Bank of America lowered their price target on Nordstrom from $21.00 to $15.00 and set an underperform rating for the company in a report on Thursday, July 7th. StockNews.com initiated coverage on shares of Nordstrom in a research report on Wednesday, October 12th. They set a hold rating for the company. Morgan Stanley decreased their price target on shares of Nordstrom from $19.00 to $18.00 and set an underweight rating on the stock in a report on Wednesday, August 24th. Jefferies Financial Group upgraded Nordstrom from a hold rating to a buy rating and upped their price objective for the stock from $21.00 to $24.00 in a report on Thursday, September 15th. Finally, Citigroup reduced their target price on Nordstrom from $22.00 to $21.00 in a report on Wednesday, August 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $25.53.
Nordstrom Stock Up 6.1 %
Shares of Nordstrom stock opened at $19.23 on Tuesday. Nordstrom has a 1-year low of $16.14 and a 1-year high of $36.43. The company has a market capitalization of $3.06 billion, a PE ratio of 7.63, a P/E/G ratio of 1.28 and a beta of 2.14. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.01 and a quick ratio of 0.34. The business has a 50-day moving average of $19.66 and a 200-day moving average of $22.85.
Nordstrom (NYSE:JWN – Get Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Nordstrom had a return on equity of 70.36% and a net margin of 2.60%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm earned $0.49 EPS. As a group, equities analysts forecast that Nordstrom will post 2.36 EPS for the current fiscal year.
Nordstrom Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Tuesday, August 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.76 dividend on an annualized basis and a yield of 3.95%. Nordstrom’s dividend payout ratio (DPR) is 30.16%.
Hedge Funds Weigh In On Nordstrom
Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors raised its stake in Nordstrom by 44.9% during the second quarter. Captrust Financial Advisors now owns 2,738 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 849 shares in the last quarter. Bridgefront Capital LLC bought a new position in Nordstrom during the first quarter worth $222,000. Atlas Capital Advisors LLC acquired a new position in Nordstrom in the second quarter worth $207,000. Quantamental Technologies LLC bought a new stake in Nordstrom during the first quarter valued at $278,000. Finally, Atria Wealth Solutions Inc. bought a new stake in Nordstrom during the first quarter valued at $285,000. Institutional investors own 59.36% of the company’s stock.
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; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nordstrom, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Nordstrom wasn’t on the list.
While Nordstrom currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/dwLvr9p
via IFTTT
Keine Kommentare:
Kommentar veröffentlichen