Nordstrom (JWN) Earns Coverage Optimism Rating of 0.20
News stories about Nordstrom (NYSE:JWN) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordstrom earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 44.9810584590899 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- What’s the Buzz around Nordstrom Stock? (finance.yahoo.com)
- Nordstrom Opens 3rd Store in Toronto at CF Sherway Gardens (finance.yahoo.com)
- Where Does Nordstrom’s Valuation Stand? (finance.yahoo.com)
- Nordstrom Opens 3rd Store in Toronto at CF Sherway Gardens – Nasdaq (nasdaq.com)
- Nordstrom, Inc. (JWN)- Making Way Towards North with Performance Booster – NASDAQ Times (nasdaqtimes.com)
Shares of Nordstrom (NYSE JWN) opened at 46.64 on Tuesday. Nordstrom has a 12 month low of $39.53 and a 12 month high of $62.82. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 22.09 and a beta of 0.82. The stock’s 50 day moving average price is $45.78 and its 200-day moving average price is $45.61.
Nordstrom (NYSE:JWN) last posted its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.70 billion. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. On average, equities research analysts predict that Nordstrom will post $2.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 24th. Nordstrom’s dividend payout ratio (DPR) is currently 70.14%.
A number of research firms recently issued reports on JWN. Vetr lowered Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price objective for the company. in a research report on Wednesday, July 5th. Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Tuesday, July 25th. KeyCorp reaffirmed an “overweight” rating and set a $55.00 target price on shares of Nordstrom in a research note on Thursday, September 14th. Royal Bank Of Canada set a $45.00 target price on Nordstrom and gave the company a “hold” rating in a research note on Monday, June 19th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $48.00 target price on shares of Nordstrom in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.26.
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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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