Nordstrom, Inc. Common Stock (NYSE:JWN):
Nordstrom to Hire 11,400 Seasonal Employees Across U.S. and Canada.
The company is trading up from yesterday’s close of $52.495.
Nordstrom, Inc. Common Stock also announced a dividend for shareholders paid on Tuesday the 13th of September 2016. The dividend payment was $0.370 per share for the quarter or $1.48 on an annualized basis. The dividend yield was $2.73. The ex-dividend date was Thursday the 25th of August 2016.
It is trading at $52.70 a bit higher than $52.32, the 50 day moving average and a tad above the 200 day moving average of $46.40. The 50 day moving average went up by +0.72% and the 200 day average went up by +13.58%.
The P/E ratio is 22.45 and the market cap of the company is 9.14B. In the latest earnings report the EPS was $2.35 and is estimated to be $2.73 for the current year with 173,440,000 shares now outstanding. Next quarter’s EPS is estimated at $1.29 and the next full year EPS is anticipated to be $3.02.
Ratings firms have issued ratings on the company of late. On September 30, 2016 Guggenheim Securities initiated coverage on the stock with an initial rating of “Buy”. On August 12 UBS left the stock rating at “Neutral” and lowered the price expectation to $50.00 from $58.00.
August 12 investment analysts at Goldman Sachs made no change to the stock rating of “Neutral” and moved up the price target from $39.00 to $50.00. August 12 investment analysts at Deutsche Bank held the stock rating at “Neutral” but raised the price expectation from $40.00 to $50.00.
On August 12 Citigroup made no change to the company rating of “Neutral” but raised the price target to $50.00 from $40.00. On July 26 the company was upgraded to “Overweight” from “” in a statement from PiperJaffray.