Top Wall Street Forecasters Revamp Nordstrom Price Expectations Ahead Of Q4 Earnings

Nordstrom, Inc. (NYSE:JWN) will release its fourth-quarter financial results, after the closing bell, on Tuesday, March 4.

Analysts expect the Seattle, Washington-based company to report quarterly earnings at 93 cents per share, down from 96 cents per share in the year-ago period. Ross Stores projects quarterly revenue of $4.33 billion, compared to $4.42 billion a year earlier, according to data from Benzinga Pro.

On Feb. 26, Nordstrom reported that its board of directors approved a quarterly dividend of 19 cents per share.

Nordstrom shares fell 0.2% to close at $24.24 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Evercore ISI Group analyst Michael Binetti maintained an In-Line rating and raised the price target from $22 to $24 on Jan. 13, 2025. This analyst has an accuracy rate of 63%.
• UBS analyst Jay Sole upgraded the stock from Sell to Neutral and increased the price target from $14.5 to $24 on Jan. 10, 2025. This analyst has an accuracy rate of 70%.
• B of A Securities analyst Lorraine Hutchinson maintained an Underperform rating and raised the price target from $20 to $22 on Nov. 27, 2024. This analyst has an accuracy rate of 67%.
• Citigroup analyst Paul Lejuez maintained a Neutral rating and increased the price target from $22 to $23 on Nov. 19, 2024. This analyst has an accuracy rate of 65%.
• JP Morgan analyst Matthew Boss maintained an Underweight rating and increased the price target from $19 to $20 on Aug. 28, 2024. This analyst has an accuracy rate of 67%.

Considering buying JWN stock? Here’s what analysts think:

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