(JWN) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Some major U.S. retailers report their financial results this week including Nordstrom and Macy’s on Thursday and J.C. Penney on Friday. Seattle-based Nordstrom may provide a progress report on the Nordstrom family’s buyout effort. (Erika Schultz  Th

Nordstrom, Inc., launched on September 28, 1946, is a fashion specialty retailer in the United States.

A number of other research firms have also commented on JWN. This dividend represents a yeild of $3.12 which is the dividend as a percentage of the current share price. UBS AG restated a "buy" rating and set a $51.00 target price on shares of Nordstrom in a research report on Monday, May 15th. Atlantic Securities upgraded Nordstrom from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $45.00 to $58.00 in a research report on Thursday, May 4th. Northcoast Research reaffirmed a "neutral" rating on shares of Nordstrom in a research report on Tuesday, May 16th. Vetr cut shares of Nordstrom from a "strong-buy" rating to a "buy" rating and set a $53.07 price objective for the company.in a research note on Monday, April 24th.

Nordstrom (JWN) traded down 4.29% on Thursday, hitting $44.87. 5,467,339 shares of the company's stock were exchanged. The company has recorded a 50-day moving average of $47.39 and a 200-day moving average of $45.51.

The P/E ratio is now 21.01 and the market cap is 7.45B. Nordstrom has a 52-week low of $39.05 and a 52-week high of $62.82.

Shares of Nordstrom (NYSE JWN) opened at 46.88 on Thursday. The specialty retailer reported $0.65 EPS for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.03, Briefing.com reports. Nordstrom had a net margin of 2.51% and a return on equity of 69.16%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the firm posted $0.67 EPS. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/10/brokerages-anticipate-nordstrom-inc-jwn-will-announce-quarterly-sales-of-3-73-billion.html.

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Tradewinds Capital Management LLC increased its stake in shares of Nordstrom, Inc. BlackRock Inc. increased its stake in Nordstrom by 2,321.7% in the first quarter. Ftb Advsrs invested in 1,842 shares or 0.01% of the stock. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of Nordstrom during the second quarter worth about $901,000.

The volume of the particular stock is the shares bought and sold in a single trading day. Gemmer Asset Management LLC increased its stake in shares of Nordstrom by 0.8% in the first quarter. Ledyard National Bank now owns 2,362 shares of the specialty retailer's stock valued at $110,000 after buying an additional 1,758 shares in the last quarter. FineMark National Bank & Trust boosted its position in shares of Nordstrom by 2.1% in the second quarter. Principal Financial Group Inc. now owns 1,831,138 shares of the specialty retailer's stock worth $87,584,000 after buying an additional 1,149,685 shares during the last quarter. The Company's divisions include Retail and Credit. They presently have a $41.54 price objective on the specialty retailer's stock. As of January 28, 2017, the Company operated approximately three Nordstrom full-line stores, including two in Canada, and 21 Nordstrom Rack stores.

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