Telsey Advisory Group Raises Nordstrom (NYSE:JWN) Price Target to $24.00

Nordstrom (NYSE:JWN) had its target price upped by Telsey Advisory Group from $23.00 to $24.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Nordstrom’s Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.97 EPS, FY2025 earnings at $1.95 EPS, Q1 2026 earnings at ($0.22) EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $1.02 EPS and FY2026 earnings at $2.02 EPS.

Several other brokerages also recently commented on JWN. Bank of America boosted their price objective on shares of Nordstrom from $15.00 to $18.00 and gave the company an underperform rating in a research report on Friday, May 31st. StockNews.com upgraded Nordstrom from a hold rating to a buy rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on Nordstrom from $15.00 to $17.00 and gave the company an underweight rating in a research note on Friday, May 17th. Barclays boosted their target price on Nordstrom from $15.00 to $18.00 and gave the stock an underweight rating in a research note on Friday, May 31st. Finally, Evercore ISI raised their price target on shares of Nordstrom from $17.00 to $19.00 and gave the company an in-line rating in a research note on Friday, May 31st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $19.85.

Nordstrom Stock Performance

JWN opened at $22.34 on Wednesday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.36 and a current ratio of 1.03. Nordstrom has a 52-week low of $12.88 and a 52-week high of $24.03. The firm has a market cap of $3.66 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 2.55 and a beta of 2.62. The business’s fifty day moving average is $21.95 and its 200-day moving average is $20.69.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.88 billion. Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Sell-side analysts expect that Nordstrom will post 1.79 EPS for the current fiscal year.

Nordstrom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, September 3rd. Nordstrom’s payout ratio is 41.53%.

Hedge Funds Weigh In On Nordstrom

Several large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Nordstrom in the fourth quarter worth $23,572,000. Dimensional Fund Advisors LP lifted its holdings in Nordstrom by 64.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,829,662 shares of the specialty retailer’s stock worth $52,212,000 after buying an additional 1,104,604 shares during the period. Victory Capital Management Inc. increased its stake in shares of Nordstrom by 42.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,288,612 shares of the specialty retailer’s stock valued at $60,675,000 after buying an additional 975,918 shares during the period. Schroder Investment Management Group increased its stake in shares of Nordstrom by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 2,648,637 shares of the specialty retailer’s stock valued at $48,867,000 after buying an additional 820,390 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Nordstrom by 66.2% during the second quarter. American Century Companies Inc. now owns 1,661,227 shares of the specialty retailer’s stock worth $35,251,000 after acquiring an additional 661,769 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods 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 stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.