Nordstrom (JWN) Receives News Impact Score of 0.12
Press coverage about Nordstrom (NYSE:JWN) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nordstrom earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.9659066742016 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Here’s who Amazon and Walmart might acquire next (finance.yahoo.com)
- Nordstrom expands new service to Roseville store (bizjournals.com)
- Nordstrom expands its ‘Reserve Online & Try In Store’ service to metro Denver (9news.com)
- Is Nordstrom the Next Bout in Amazon v. Walmart? (investopedia.com)
- Nordstrom Expands Reserve Online & Try In Store Service To About 40 Stores (finance.yahoo.com)
Several brokerages have recently issued reports on JWN. KeyCorp restated an “overweight” rating and issued a $55.00 price objective on shares of Nordstrom in a research report on Monday, August 14th. Robert W. Baird set a $50.00 price objective on Nordstrom and gave the company a “hold” rating in a research report on Saturday, August 12th. Cowen and Company restated a “buy” rating and issued a $49.00 price objective on shares of Nordstrom in a research report on Friday, August 11th. BidaskClub downgraded Nordstrom from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Wolfe Research upped their price objective on Nordstrom from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.10.
Nordstrom (JWN) traded up 3.47% during midday trading on Friday, hitting $45.34. The stock had a trading volume of 1,878,660 shares. The stock has a market cap of $7.54 billion, a P/E ratio of 21.48 and a beta of 0.83. The company’s 50-day moving average price is $46.42 and its 200 day moving average price is $45.56. Nordstrom has a 12-month low of $39.53 and a 12-month high of $62.82.
Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Nordstrom had a net margin of 2.44% and a return on equity of 71.57%. 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 prior year, the business posted $0.67 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Nordstrom will post $2.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.26%. Nordstrom’s dividend payout ratio is 70.14%.
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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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