|Bid||31.70 x 1300|
|Ask||32.24 x 800|
|Day's Range||31.98 - 32.93|
|52 Week Range||30.55 - 67.75|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||10.42|
|Forward Dividend & Yield||1.48 (4.61%)|
|1y Target Est||N/A|
Nordstrom Inc NYSE:JWNView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high and has been increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is high for JWN with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting JWN. Sentiment has worsened and traders added to their bearish short positions on June 6. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding JWN are favorable, with net inflows of $9.96 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a strengthening bias over the past 1-month. Although JWN credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.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.
Online retail has changed the way consumers shop. These discount retailers have reinvented themselves to thrive in the digital era.
Target (NYSE:TGT) stock has been red-hot in 2019 for one very simple reason: the big-box retailer is on fire. Over the past several months, TGT has fired off quarter after quarter off hugely positive comparable sales growth, second-to-none digital sales growth, profit-margin stabilization, and strong profit growth. As shown by the struggles of Nordstrom (NYSE:JWN), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP), TGT has achieved all of those milestones all against the backdrop of a shaky retail environment.I Source: Mike Mozart via Flickr (Modified)Investors have celebrated Target's resilience and strength. That's why Target stock is up more than 30% this year. As for the rest of the retail sector, the SPDR S&P Retail ETF (NYSE:XRT) is up just 2% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Tech Stocks to Buy for the Second Half of 2019 This outperformance by Target stock will continue. That's because TGT has found a winning strategy that boils down to transforming into a low-cost, all-in-one, omnichannel retailer. There are only three other retailers of similar size that can compete with TGT in this low-cost, all-in-one, omnichannel game. Their names are Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and Costco (NASDAQ:COST). In contrast to the other names in that group, Target has carved out a niche for itself by providing a higher-quality, physical-first shopping experience.So TGT has not just found a winning strategy in the retail sector, but it has also created a sustainable niche for itself. That means Target will remain red hot for the foreseeable future, so Target stock will continue to grind higher. Target Has Found a Winning StrategyFor a while, TGT was considered a left-for-dead retailer that would be gobbled up the e-commerce wave. But, over the past several years, two things have happened.Specifically, it became obvious that omnichannel, not e-commerce, is the future of retail, and Target's innovations enabled it to to become a second-to-none omnichannel retailer.On the first point, e-commerce is certainly where all the growth is happening in the retail world. But it's not entirely cannibalizing the physical channel. Consumers still like to go shop in stores, whether to try things on, see things first-hand, or simply relish in the physical shopping experience, or combinations of those. That's why e-commerce still represents just 10% of total retail sales, and why e-commerce growth rates are already slowing.Thus, the future of retail is not just online. It's a mix of physical and digital.As for the second point, the vibrancy of omnichannel naturally benefits large physical retailers because it costs significantly more money to build a physical store presence than to build an online one. TGT realized the advantage its large network of stores gave it, and it has run with its edge. The company has innovated left and right, rolling out things like buy-online, pick-up-in-store; same-day delivery; and automated checkouts. All of these things have helped Target become a low-cost, omnichannel retail giant.Importantly, TGT is different than its peers in the low cost, omnichannel game. Target offers a much higher quality shopping experience than Walmart, it doesn't require a membership like Costco, and it depends more on its physical stores than e-commerce, unlike Amazon. Target Stock Can Rise FurtherTGT's comparable sales growth has been 3%-plus for five straight quarters now, and roughly 5%-plus for four straight quarters. Its traffic growth has been 4%-plus for four straight quarters. TGT's digital- sales growth has run north of 30% for four straight quarters and north of 25% for five straight quarters. Its margins, which used to be under immense pressure, are starting to stabilize.Target's winning and defensible strategy has produced very strong numbers for the retailer.The company's growth will naturally slow over the next several years as its comparisons get harder and its omnichannel growth initiatives become less powerful. But its growth should remain healthy, as Target has proven that it can and will remain an important part of the U.S. retail world.As a result, 1%-3% comparable sales and revenue growth over the next several years seems doable. Its gross margins should stabilize during that stretch, as less steep discounts are offset by higher fulfillment costs. Its operating-spending rate should drop as it utilizes more automation and cuts some labor expenses. Target should report low-single-percentage-digit revenue growth and mid-to -high-single-digit-percentage profit growth over the next several years.I realistically think $8.50 is achievable by fiscal 2025. Based on a forward multiple of 16, which is average for the market, that implies a fiscal 2024 price target for Target stock of $136. Discounted by 7% per year (rather than 10%, because of the 3% yield of Target stock), that equates to a 2019 price target north of $95. The Bottom Line on TGT StockTGT is a winning retailer that has proven its staying power in the stable-growth, omnichannel retail world. As a result, it should be a slow and steady revenue and profit grower over the next several years. That slow and steady profit growth should keep TGT stock on a winning path, as long as the valuation of Target stock continues to remain in check.As of this writing, Luke Lango was long TGT, JWN, AMZN, and WMT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Why Red-Hot Target Stock Can Rise Further appeared first on InvestorPlace.
Dillard's (DDS) gains from trendy product offerings as well as store growth and omni-channel efforts. This places it ahead of peers in an evolving retail space.
The operators of Saks Fifth Avenue would have you believe the company’s flagship store in New York, right next to St Patrick’s Cathedral, is swimming in money. After all, there is a $49,500 alligator handbag from The Row (the label designed by Mary-Kate and Ashley Olsen) on display in the new marble-filled shopping emporium, surrounded by accessories that routinely top $2,000. The message is clear: Saks sells.
Canadian department store operator Hudson's Bay Co on Thursday posted a wider-than-expected loss as sales at its Lord & Taylor unit fell, but said it was optimistic about its ability to deal with the impact of U.S. tariffs on Chinese goods. Shares of the company were up about 1% at C$9.39 in afternoon trading. Hudson's Bay, which also owns Saks Fifth Avenue, said earlier this week it is evaluating a C$1.74 billion ($1.3 billion) take-private cash offer as it competes with discount direct-to-consumer brands and e-commerce behemoths like Amazon.com Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nordstrom, Inc. New York, June 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nordstrom, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
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It's time to dive into what investors should expect from Lululemon's (LULU) first quarter fiscal 2019 financial results that are due out after the closing bell Wednesday.
Nordstrom (JWN) brings a unique concept with the launch of six food and beverage offerings at its first flagship store in New York City.
Nordstrom Inc. announced six new food and beverage concepts that it will feature in the New York City flagship store, slated to open Oct. 24, 2019. The luxury retailer partnered with James Beard-nominated Chef Ethan Stowell and James Beard award recipient, Chef Tom Douglas on the restaurants. Examples include Wolf, which will feature Italian-inspired small plates, and family-friendly Bistro Verde. Nordstrom shares have tumbled nearly 30% for the year to date while the S&P 500 index is up nearly 16% for the period.
The chefs will each be making their East Coast debuts in partnership with the Seattle-base retailer.
Slack Technologies Inc said on Monday it expects fiscal 2020 revenue to grow as much as 50% but the owner of the workplace instant messaging app anticipates a loss for the year, ahead of its listing this month. Slack is one of the most high-profile companies left to list their shares in 2019, following initial public offerings of Pinterest Inc, Zoom Video Communications and Beyond Meat. San Francisco-based Slack, whose customers include Electronic Arts Inc, Nordstrom Inc and Ford Motor Co, said it was seeing strong user retention and engagement rates, ahead of its plans to go public via a direct listing instead of an IPO on June 20.
The company announced a deal to sell its German real estate and retail joint ventures for about $1.5 billion, allowing it to focus more on its core North American business, which includes its eponymous department-store chain and Saks Fifth Avenue. Richard Baker, the company’s chairman and one-time CEO, is part of a coalition that has proposed a cash deal of about about C$1.74 billion ($1.3 billion), or C$9.45 per share, a price the company said would represent a 48% premium over where shares closed on Friday. Nordstrom Inc., a close retailing cousin to Hudson’s Bay, said back in June 2017 that it was exploring a take-private transaction.
Shares of Nordstrom (JWN) have taken quite a beating over the last six months. Warning! GuruFocus has detected 3 Warning Signs with JWN. The first thing that jumps off the page when reading Nordstrom's recent financial statements is how badly the company has performed with regards to sales.
Nordstrom is the latest retailer to announce its planned closure as Simon Property Group reimagines Northgate Mall.
Stitch Fix (NASDAQ:SFIX) rose overnight after earnings beat expectations. The e-commerce clothing company said it earned $7 million -- or 7 cents per share -- for the quarter ending in April. The earning comes on net revenue of $408.9 million, a 29% increase year over year. SFIX stock opened this morning up 24%, which has since settled to a more 'modest' 16% gain from yesterday's close.Source: Stitch FixThis monster SFIX stock rally comes after analysts had been worrying about whether the company had enough cash, and the stock had been falling since its previous earnings announcement in March took the shares as high as $34.The latest news, demonstrating those earlier numbers were not a fluke, should send the shares back to its highs once trading opens June 6.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Stitch Fix Does RightStitch Fix's business may not seem like the most in-demand idea. SFIX has customers take a style quiz and then sends them clothing based on their size and preferences. Customers can then send back what they don't want and buy what they do. * 7 Ways to Make Berkshire Hathaway Stock More Attractive But there's a real demand here. Millions of women find they have no time to shop around and develop their personal style. This is the problem CEO Katrina Lake tries to fix through personalization technology and real stylists, examining not just what customers buy, but what they return. Customers answer some questions and pay a $20 "styling fee" to start. The data is matched with a company database, which then sends 5 items that can be bought or returned.The big story for the company in 2019 is its expansion into men's wear, children's wear, plus-size wear and the UK market, the success of which drove earnings in the most recent quarter.In her analyst call ,Lake also credited Style Pass, launched last year, a subscription service that lets regular customers pay $49 per year and get more personal style services. They Didn't Believe ItClothing is a tough e-commerce market, because everyone is different. It's especially difficult because tastes keep changing.Online retailers like Amazon (NASDAQ:AMZN) can fill this market, but the vast number of choices offered there make it difficult for people to find clothes unless they go in knowing specifically what they want and what looks good on them. Those customers who don't know exactly what they want or how things will look, still have to head to a department story like Nordstrom (NYSE:JWN) or similar. Even then, many are on their own when it comes to finding what looks best on them.Stitch Fix seems to have cracked the code. Some 62% of its roughly 5,500 employees are listed as stylists, meaning they work directly with about 3.1 million clients.At the company's present run rate of about $1.6 billion in fiscal 2019 revenue, the $2.3 billion market cap gives it a price-to-sales ratio of just 1.5. That's high for a retailer but very low for a technology company. Retailers like Walmart (NYSE:WMT) sell for about half their sales. SFIX stock's ratio is close to that of IBM(NYSE:IBM), which has a $116 billion market cap on about $80 billion in sales. (At the moment, I'd rather own Stitch Fix.) The Bottom Line on SFIX StockCo-founder Lake owns 16% of SFIX stock, but institutions own 66%. Benchmark Capital and its CEO, Bill Gurley, were early backers and Gurley sits on the company's board.Having proven its business model works, Stitch Fix would seem to be ripe for acquisition and scaling. Walmart, Target (NYSE:TGT) and Amazon are the most likely acquirers. * 10 Stocks to Buy That Could Be Takeover Targets If you're interested in owning SFIX stock, buy your shares before the sale.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear https://www.amazon.com/s?k=bridget+o%27flynn+and+the+bear&i=digital-text&ref=nosimacluecom , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Stitch Fix Stock Rallies Big After Earnings Prove the SFIX Narrative appeared first on InvestorPlace.