|Bid||40.17 x 100|
|Ask||58.00 x 100|
|Day's Range||50.04 - 51.97|
|52 Week Range||37.79 - 53.00|
|PE Ratio (TTM)||17.50|
|Forward Dividend & Yield||1.48 (2.86%)|
|1y Target Est||N/A|
Among the major retailers, only seven appear certain to survive. Three are based in Seattle. Three are based in the middle of the country. And there’s a wildcard.
Like most of its department store peers, Nordstrom got comp sales growing again during the holiday period. Yet the company still isn't performing up to its full potential.
The Nordstrom family is moving forward with efforts to take the Seattle-based retailer private. The family — including co-presidents Blake Nordstrom, Peter Nordstrom and Erik Nordstrom — suspended plans in October to look for a buyer until after the holiday season. Nordstrom posted holiday sales growth of 2.5 percent.
Nordstrom, Inc. (NYSE:JWN) announced that the company is still in talks to potentially go private in the future. The family group behind Nordstrom owns about 31.2% of the retailer. The group reportedly teamed up with private equity firm Leonard Green & Partners last year to help fund efforts to change the company to a private one.
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The Nordstrom family tried to do a $10 billion buyout in the fall but pessimism on retailers killed the deal. Now they would have to pay more to take the namesake department store chain private.
Mid-caps stocks, like Nordstrom Inc (NYSE:JWN) with a market capitalization of $7.98B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks.Read More...
Checking in with retail on Wednesday, Nordstrom (JWN) and Sears Holdings (SHLD) are trading up after reporting their holiday sales results, while Signet Jewelers (SIG) hasn't been so lucky. Nordstrom said November and December comparable sales rose 1.2%, and it also raised the bottom end of its full-year guidance, saying it expects to earn between $2.90 and $2.95 a share, up from a previous range of $2.85 to $2.95, but still with a midpoint below the $2.95 consensus. Sears said comparable sales for the first two months of the fourth quarter declined between 16% and 17%, but investors were more interested in the news that it raised $100 million in new financing (and is pursuing an additional $200 million) and identified $200 million in cost savings apart from store closures.
Shares of Berkshire Hathaway (BRKA/BRKB) are moving in opposite directions, with the class A shares up fractionally while the Class B shares are down 0.5% on news that Warren Buffett's firm increased its Board to 14 from 12. Buffett's and and Charles Munger's positions haven't changed. Lennar (LEN) is down 1.4% missed after its fourth-quarter earnings missed expectations but revenue was strong. Domino's (DPZ) is down 3% on news CEO Patrick Doyle is stepping down in June, to be succeeded by President of Domino's International Richard Allison. Workday (WDAY) is up 2.1% after Morgan Stanley upgraded it to Overweight.
Last week, retail stocks benefited after Citigroup and Nomura expressed an optimistic view regarding the companies. A Reuters report last week stated that Citigroup analyst Paul Lejuez mentioned that retail stocks will likely benefit from the tax reform with a boost in free cash flow. On January 2, Citigroup raised the target price for Ross Stores (ROST) to $85 from $72.
On January 8, Kohl’s (KSS) stock rose 4.7% to $56.90 in reaction to the news of impressive holiday sales. Kohl’s same-store sales rose 6.9% in the 2017 holiday season, which consists of November and December. Kohl’s also raised its earnings guidance for fiscal 2017 after these strong holiday numbers.
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user ! Lennar Corporation (NYSE: LEN ) lost nearly 2 percent ...
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after two economic data releases, Consumer Price Index and Retail Sales, considering the recent comments by New York Federal Reserve President William Dudley.
The "Squawk on the Street" crew discuss news that the Nordstrom family is resuming their venture to take the company private.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest on the markets.
Andy Heyward, Chairman and CEO of Genius Brands International, talks with Yahoo Finance's Jared Blikre at the New York Stock Exchange about producing, distributing and licensing content for toddlers to tweens, including: Llama Llama, Kid Genius, Warren Buffett's Secret Millionaires Club, Thomas Edison's Secret Lab, Kid Genius, Baby Genius, SpacePOP