Nordstrom, Inc. (NYSE:JWN) declared a quarterly dividend on Thursday, May 23rd, RTT News reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.37 per share by the specialty retailer on Tuesday, June 18th. This represents a $1.48 annualized dividend and a dividend yield of 4.38%.

Nordstrom has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nordstrom to earn $3.94 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 37.6%.

NYSE:JWN opened at $33.81 on Friday. The firm has a market cap of $5.86 billion, a PE ratio of 9.52, a PEG ratio of 1.70 and a beta of 0.48. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.00 and a quick ratio of 0.41. Nordstrom has a 52-week low of $33.75 and a 52-week high of $67.75.

Nordstrom (NYSE:JWN) last released its quarterly earnings results on Tuesday, May 21st. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.20). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.54 billion. Nordstrom had a return on equity of 52.45% and a net margin of 3.27%. During the same period last year, the firm earned $0.51 EPS. On average, analysts expect that Nordstrom will post 3.72 EPS for the current fiscal year.

JWN has been the subject of several research reports. Deutsche Bank downgraded Nordstrom from a “buy” rating to a “hold” rating and set a $43.30 price target for the company. in a research note on Friday, February 22nd. Guggenheim reaffirmed a “hold” rating on shares of Nordstrom in a research note on Thursday, February 28th. Citigroup lifted their price target on Nordstrom from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Bank of America set a $48.00 price target on Nordstrom and gave the stock a “sell” rating in a research note on Friday, March 1st. Finally, Piper Jaffray Companies set a $44.00 price target on Nordstrom and gave the stock a “hold” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.73.

In related news, insider Christine Deputy sold 13,124 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $42.61, for a total value of $559,213.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erik B. Nordstrom sold 17,762 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $44.07, for a total transaction of $782,771.34. Following the completion of the transaction, the insider now directly owns 2,653,314 shares of the company’s stock, valued at approximately $116,931,547.98. The disclosure for this sale can be found here. Insiders sold a total of 49,180 shares of company stock valued at $2,164,864 in the last three months. 5.21% of the stock is currently owned by corporate insiders.

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About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

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Dividend History for Nordstrom (NYSE:JWN)

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