The Zacks: Brokerages Expect Nordstrom, Inc. (JWN) Will Announce Quarterly Sales of $3.72 Billion

The Zacks: Brokerages Expect Nordstrom, Inc. (JWN) Will Announce Quarterly Sales of $3.72 Billion

According to Zacks, analysts expect that Nordstrom will report full-year sales of $3.72 billion for the current year, with estimates ranging from $15.03 billion to $15.31 billion. For the next financial year, analysts forecast that the company will report sales of $15.48 billion per share, with estimates ranging from $15.27 billion to $15.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Nordstrom.

Brokerages expect that Nordstrom, Inc. (NYSE:JWN) will report $3.72 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Nordstrom’s earnings, with the highest sales estimate coming in at $3.75 billion and the lowest estimate coming in at $3.70 billion. Nordstrom posted sales of $3.65 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is expected to report its next quarterly earnings report on Thursday, August 10th.

In other news, President Blake W. Nordstrom sold 1,905 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $45.08, for a total value of $85,877.40. Following the sale, the president now directly owns 2,142,492 shares of the company’s stock, valued at approximately $96,583,539.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel F. Little sold 7,423 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $47.01, for a total transaction of $348,955.23. Following the completion of the sale, the insider now directly owns 76,371 shares in the company, valued at $3,590,200.71. The disclosure for this sale can be found here. Insiders have sold a total of 15,794 shares of company stock worth $721,176 in the last 90 days. 7.03% of the stock is currently owned by company insiders. Hedge funds have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP acquired a new stake in Nordstrom during the fourth quarter valued at approximately $6,136,000. Moreno Evelyn V increased its stake in Nordstrom by 6.9% in the first quarter. Moreno Evelyn V now owns 91,875 shares of the specialty retailer’s stock valued at $4,279,000 after buying an additional 5,970 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Nordstrom by 20,761.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,731,326 shares of the specialty retailer’s stock valued at $141,701,000 after buying an additional 2,718,233 shares during the period. Toronto Dominion Bank increased its stake in Nordstrom by 53.4% in the first quarter. Toronto Dominion Bank now owns 30,914 shares of the specialty retailer’s stock valued at $1,440,000 after buying an additional 10,764 shares during the period. Finally, First Trust Advisors LP increased its stake in Nordstrom by 72.8% in the first quarter. First Trust Advisors LP now owns 264,500 shares of the specialty retailer’s stock valued at $12,318,000 after buying an additional 111,458 shares during the period. 66.03% of the stock is currently owned by institutional investors and hedge funds.

Nordstrom (JWN) traded down 0.96% on Thursday, hitting $42.47. 1,485,655 shares of the stock traded hands. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 19.88 and a beta of 1.01. Nordstrom has a 52-week low of $35.01 and a 52-week high of $62.82. The company’s 50 day moving average price is $45.15 and its 200-day moving average price is $47.30. The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $1.48 dividend on an annualized basis and a yield of 3.48%. Nordstrom’s payout ratio is 79.14%.

About Nordstrom 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JWN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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