JWN - Nordstrom, Inc.
| Previous Close | 47.07 |
| Open | 47.16 |
| Bid | 46.16 x 1000 |
| Ask | 46.18 x 800 |
| Day's Range | 45.90 - 47.10 |
| 52 Week Range | 43.04 - 67.75 |
| Volume | 1,025,059 |
| Avg. Volume | 3,206,749 |
| Market Cap | 7.734B |
| Beta (3Y Monthly) | 0.60 |
| PE Ratio (TTM) | 16.89 |
| EPS (TTM) | 2.74 |
| Earnings Date | Feb 28, 2019 |
| Forward Dividend & Yield | 1.48 (3.23%) |
| Ex-Dividend Date | 2018-11-23 |
| 1y Target Est | 52.56 |
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- Yahoo Finance Video•7 days ago
Nordstrom lower on holiday sales; Wall Street bullish on Netflix price hike
Some of the biggest analyst calls of the day include: Snap, after a couple of notes citing CFO Tim Stone’s abrupt departure from the company. Nordstrom - after the stock was downgraded at Goldman Sachs - and removed from the firm’s America’s Conviction List. RBC on Netflix noting the move could amounts to $1.2B In incremental profit. Jennifers Rogers, Myles Udland and Yahoo Finance's Editor-in-Chief, Andy Serwer discuss.
- CNBC Videos•7 days ago
Could Nordstrom's weak holiday sales mean retail is in tr...
CNBC's Courtney Reagan and Oliver Pursche of Bruderman Brothers discuss the concern in retail after Nordstrom reports weak holiday sales.
- Business Wire•2 hours ago
Glancy Prongay & Murray LLP Announces Investigation on Behalf of Nordstrom Inc. Investors (JWN)
Glancy Prongay & Murray LLP announces an investigation on behalf of Nordstrom Inc. investors concerning the Company and its officers’ possible violations of federal securities laws.
- Markit•yesterday
See what the IHS Markit Score report has to say about Nordstrom Inc.
# Nordstrom Inc ### NYSE:JWN View full report here! ## Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for JWN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $609 million over the last one-month into ETFs that hold JWN are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. JWN credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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- Motley Fool•5 days ago
Nordstrom Joins Its Rivals and Reports Subpar Holiday Season Sales
The upscale retailer expects earnings per share to come in at the low end of its guidance range due to weak sales at its full-line stores.
- American City Business Journals•5 days ago
Birdies raises $8 million to fill waitlist orders, expand retail
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- Business Wire•5 days ago
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Nordstrom Inc. Investors (JWN)
Law Offices of Howard G. Smith announces an investigation on behalf of Nordstrom Inc. investors concerning the Company and its officers’ possible violations of federal securities laws.
- Market Realist•5 days ago
Why Wall Street Retains a ‘Hold’ Rating for Kohl’s
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- Markit•5 days ago
See what the IHS Markit Score report has to say about Nordstrom Inc.
# Nordstrom Inc ### NYSE:JWN View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is moderate * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for JWN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $6.79 billion over the last one-month into ETFs that hold JWN are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. JWN credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Market Realist•5 days agoHow Kohl’s PE Multiple Compares with Peers’
Kohl’s Growth Prospects in 2019(Continued from Prior Part)Forward PE multiples On January 16, Kohl’s (KSS) 12-month forward PE ratio was 12.1x. Meanwhile, Nordstrom (JWN), Macy’s (M), and Dillard’s (DDS) have PE ratios of 12.1x, 7.3x, and
- Market Realist•6 days ago
What to Expect from Kohl’s Bottom Line in 2019
Kohl’s Growth Prospects in 2019(Continued from Prior Part)Margin performance For the first three quarters of 2018, Kohl’s (KSS) gross margin expanded by 40 basis points to 37.8%, mostly due to higher full-price sales amid rising expenses.
- Market Realist•6 days ago
Kohl’s Growth Prospects in 2019
Kohl’s Growth Prospects in 2019Future expectationsFor the fourth quarter of fiscal 2018, Wall Street analysts expect Kohl’s (KSS) sales to fall 2.7% YoY (year-over-year) to $6.59 billion. For fiscal 2018, analysts forecast sales growth of 1.1%
- CNBC•6 days ago
Doom and gloom: Department stores' disappointing holiday sales results spell trouble for 2019
Macy's, J.C. Penney, Nordstrom and Kohl's each have given Wall Street a glimpse at how they performed this holiday season. And it doesn't look good.
- InvestorPlace•6 days ago
Holiday Sales Spell Disaster for Nordstrom Stock
Last year upscale retailer Nordstrom, Inc. (NYSE:JWN) was being praised as a bright spot in the otherwise gloomy retail sector. However, the department store chain was hit hard alongside the rest of the market at the end of 2018 and more bad news followed this week when the firm reported softer than expected holiday sales. Now, investors are starting to worry about Nordstrom stock come February when the company announces its fourth quarter results, and rightly so. ### Bah Humbug Holidays JWN stock made its way nearly 5% lower on Wednesday after the firm's holiday sales announcement was digested. The department store said overall same store sales were up 1.3% during the holiday quarter, but comparable sales for full-priced merchandise were up only 0.3%. The reason for this miss, Nordstrom said, was lower than expected store traffic. * Top 10 Global Stock Ideas for 2019 From RBC Capital The softer sales and lower store traffic created an inventory problem for Nordstrom, leading the store to offer higher mark-downs during the holidays in order to clear some of those excess goods. That is likely to hurt the firm's earnings in the fourth quarter, leading most to expect EPS of around $3.27 -- the low end of management's guidance. InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, while Nordstrom's flagship stores are struggling, the company's off-price channels continued to gain momentum. Growth in that arm of the business came in at 3.9%. Digital sales were strong as well -- they rose by 18% to make up 36% off Nordstrom's overall sales. So, although Nordstrom's full-price stores are struggling, it's off-price and online sales are actually doing well. So there's no reason to panic, right? Wrong. Unfortunately, the figures that Nordstrom released this week suggest that the rest of Q4, and perhaps beyond, are likely to disappoint because of inventory issues. Nordstrom will have had to offer deeper discounts to clear excess inventory in it's physical locations. The same is true of online sales; in order to get customers to its site Nordstrom has to offer discounts. The wider problem here is that in an effort to control inventory, JWN is chipping away at its pricing power. ### What to Expect From JWN's Q4 Earnings It's safe to say that investors have adjusted their expectations on Nordstrom stock for the fourth quarter. So come the end of February there shouldn't be much surprise when the JWN results come in at the low end of expectations. But where will the stock go from there? Is this a one time issue that has created a buying opportunity for Nordstrom stock? The answer to that question depends on your outlook for the U.S. economy -- as well as the retail sector. But I'd hold off on jumping into JWN stock just yet. The fact is that U.S. department stores are struggling due to falling traffic. Margins are hurting as the stores try to shift toward online shopping, and inventory management is becoming a major problem. Nordstrom is not immune to these ongoing issues. In fact, I'd argue that JWN is actually more exposed than most. As Nordstrom caters to affluent customers, the company could be pressured by the wealth effect -- the theory that people want to spend more when their perceived wealth is higher. Right now, wealthy people with stock portfolios have watched share prices shrink and are likely to be more frugal with their disposable income. That's hurting Nordstrom and other luxury retailers who depend on that segment of the population to pay full-price. ### The Bottom Line for Nordstrom Stock For now, volatility in the market is to be expected and that's unlikely to help Nordstrom dig itself out of its inventory issues. Not only is the firm going to struggle to get its full-price sales back on track in the current climate, but JWN is also battling an ongoing shift away from department store shopping. * 7 Stocks to Buy as the Dollar Weakens There are simply too many headwinds to consider Nordstrom stock a buy right now, especially with poor Q4 results on the horizon. I'd take what's going on at Nordstrom as a warning for the luxury retail sector as a whole and proceed with caution. As of this writing Laura Hoy did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post Holiday Sales Spell Disaster for Nordstrom Stock appeared first on InvestorPlace.
- The Wall Street Journal•6 days ago
[$$] Stocks to Watch: Morgan Stanley, Gannett, Nordstrom, Alcoa, Kinder Morgan, CSX, Charles Schwab
Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
- MarketWatch•6 days ago
Nordstrom shares sink as full-price business shows signs of weakness
Nordstrom Inc. shares took a 4.7% tumble in Wednesday trading after the luxury department store’s holiday sales announcement disappointed and it was downgraded to neutral from buy at Goldman Sachs. Goldman has a 12-month price target of $50 on Nordstrom (JWN) stock. Nordstrom said same-store sales rose 1.3% over the nine-week period ending Jan. 5, 2019, but same-store sales on full-price merchandise grew just 0.3%, which Nordstrom said reflected softer store traffic.
- The Wall Street Journal•7 days ago
[$$] Nordstrom Has Rich-People Problems
Nordstrom’s surprising weakness in its full-price stores over the holidays may point to a wider issue affecting businesses catering to the affluent.
- TheStreet.com•7 days ago
Nordstrom Slides as Disappointing Holiday Sales Deepen Concerns for US Retailers
shares fell Wednesday after the U.S. department store chain posted weaker-than-expected holiday sales, echoing similar struggles from rival retailers over an otherwise robust season for consumer spending. Nordstrom said comparable sales for the three months ending on January 5 rose 0.3% from the same period last year, thanks in part to slower customer traffic, and but added that sales at its discount stores jumped 3.9%, thanks to an 18% surge in online transactions. Year-to-date sales at its full-price stores were below prior forecast, the company said, even as it raised the lower end of its full-year adjusted earnings guidance by 5 cents to $3.55 to $3.65 per share for its February 28 report.
- TheStreet.com•7 days ago
Stocks Pare Gains but Close in the Green for Second Straight Session
The Dow Jones Industrial Average was rising Wednesday, getting a lift from earnings from two of the country's biggest banks. reported fourth-quarter profit of 70 cents a share, topping analysts' estimates by 7 cents. earned $6.04 a share in the fourth quarter, smashing analysts' estimates of $4.30, and the stock rose 9.6%.
- Schaeffer's Investment Research•7 days ago
Nordstrom Options Traders Active After Profit Warning
The retailer said full-year profit will likely arrive at the low end of its expected range
- Motley Fool•7 days ago
Why Nordstrom Stock Was Sinking Today
Shares of the department-store chain dipped on weaker-than-expected holiday sales.
- Benzinga•7 days ago
Nordstrom Issues Weak Holiday Sales Report: The Sell-Side Reacts
UBS' Jay Sole maintains a Buy rating on Nordstrom with an unchanged $66 price target. Bank of America Merrill Lynch's Lorraine Hutchinson maintains at Underperform rating with a price target lowered from $48 to $43. Nordstrom said in a press release that full-price flagship Nordstrom store comps rose just 0.3 percent during the holiday season versus UBS' expectations of 0.7-percent growth, Sole said in a Wednesday note.
- Barrons.com•7 days ago
The Holidays Are Over for Nordstrom
The department-store chain saw several downgrades after it said it expects earnings to come in near the low end of its previous forecast.
