JWN - Nordstrom, Inc.
| Previous Close | 44.19 |
| Open | 44.39 |
| Bid | 43.08 x 900 |
| Ask | 0.00 x 800 |
| Day's Range | 44.01 - 44.95 |
| 52 Week Range | 43.04 - 67.75 |
| Volume | 2,087,869 |
| Avg. Volume | 3,226,823 |
| Market Cap | 7.036B |
| Beta (3Y Monthly) | 0.54 |
| PE Ratio (TTM) | 13.42 |
| EPS (TTM) | 3.32 |
| Earnings Date | May 15, 2019 - May 20, 2019 |
| Forward Dividend & Yield | 1.48 (3.35%) |
| Ex-Dividend Date | 2019-03-08 |
| 1y Target Est | 50.80 |
- GuruFocus.com•yesterday
Nordstrom Inc (JWN) Files 10-K for the Fiscal Year Ended on January 31, 2019
Nordstrom Inc operates as a fashion specialty retailer in the United States. It sells its products through various channels, including Nordstrom full-line stores, Nordstrom Rack off-price stores, Last Chance clearance stores, and Jeffrey boutiques. The dividend yield of Nordstrom Inc stocks is 3.34%.
- Zacks•2 days ago
Breaking Down Nike's Q3 Earnings Outlook Ahead of March Madness
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains details what to expect from Nike's (NKE) third-quarter fiscal 2019 financial results that are due out after the closing bell on Thursday, March 21.
Associated Press•4 days agoDelaware police probe multistate shoplifting ring
Police in Delaware are searching for a woman suspected of stealing thousands as part of a multistate shoplifting ring targeting a high-end department store chain. The Delaware State Police said in a news release that they are attempting to find Kimberly Akisha Lingham-Bailey of Philadelphia, Pennsylvania as one of three suspects in the scheme. Police say they have obtained warrants against Lingham-Bailey on charges of shoplifting and conspiracy related to thefts this year at a Newark, Delaware, Nordstrom.
- Markit•8 days ago
See what the IHS Markit Score report has to say about Nordstrom Inc.
Nordstrom Inc NYSE:JWNView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort 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 flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold JWN had net inflows of $3.65 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. 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.
- American City Business Journals•11 days ago
Retailers across Seattle plagued by small group of prolific offenders
Business groups demanded immediate action from city officials, who have invested in King County programs to address the thorny challenges chronic offenders present.
- GlobeNewswire•12 days ago
Bragar Eagel & Squire, P.C. is Investigating Nordstrom, Inc. (JWN) on Behalf of Stockholders and Encourages JWN Investors to Contact the Firm
NEW YORK, March 08, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against Nordstrom, Inc. (NYSE: JWN). Our investigation concerns whether Nordstrom.
- GlobeNewswire•12 days ago
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Nordstrom Inc. Investors (JWN)
BENSALEM, Pa., March 07, 2019 -- Law Offices of Howard G. Smith announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN) investors.
- American City Business Journals•12 days ago
Anne Bramman is invested in 'evolving the customer experience' at Nordstrom (Video)
During the last year Anne Bramman guided Nordstrom as it acquired two technology companies and helped Nordstrom implement a new reporting system that better links financial outcomes with strategic priorities for the Seattle-based retailer. She is one of the Puget Sound Business Journal's 2019 CEOs of the Year.
- Zacks•12 days ago
Nike (NKE) Q3 Earnings Preview: North America, China, Footwear & More
Shares of Nike (NKE) have jumped 15% this year to outpace the S&P 500. The sportswear giant is also currently a Zacks Rank 2 (Buy) and its Q3 fiscal 2019 financial results are due out on March 21. This means it is time to see what to expect from Nike's quarterly earnings, revenue, and key business units, including China.
- GlobeNewswire•13 days ago
Glancy Prongay & Murray LLP Announces Investigation on Behalf of Nordstrom Inc. Investors (JWN)
LOS ANGELES, March 06, 2019 -- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN).
- Investopedia•14 days ago
Top 10 Highest-Paying Retail Jobs
Find out where to find the top 10 highest-paying retail jobs in the country, and what the top retailers are paying their sales associates.
- GlobeNewswire•15 days ago
Report: Developing Opportunities within Gray Television, Terex, Marriott International, Philip Morris International, Nordstrom, and Centene — Future Expectations, Projections Moving into 2019
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
- American City Business Journals•15 days ago
Nordstrom names two women to board — a venture capitalist and an American Express exec
Nordstrom has appointed venture capitalist Kirsten Green and American Express executive Glenda McNeal to its board of directors, according to a Monday filing with the U.S. Securities and Exchange Commission.
- Motley Fool•16 days ago
Nordstrom's Q4 Earnings Report Was Better Than It Looked
The retailer experienced a slowdown in full-line sales last quarter, but sales growth and earnings growth should accelerate soon.
- InvestorPlace•16 days ago
Here’s How Nordstrom Stock Can Rally Back Toward $60 In This Year
Shares of Nordstrom (NYSE:JWN) traded slightly lower after the department store retailer reported holiday quarter numbers that were largely mixed. Broadly speaking, earnings were strong, while revenues weren't, and the fiscal 2019 guide implies that this trend of weak top-line performance but strong bottom-line performance will persist for the foreseeable future. Investors weren't sure how to react to that news. Initially, JWN stock popped a few percentage points. Then, it reversed course, ending Friday trading the red.Source: Phillip Pessar via Flickr (Modified)In the big picture, continued weakness in JWN stock is a near-to-medium term buying opportunity. Four months ago, this was nearly a $70 stock. Now, it sits below $50. The 65-stock Invesco S&P 500 Equal Wt Cnsm Disc ETF (NYSEArca:RCD) is up 11.4% since early December while Nordstrom stock is down 4.8%.What's changed? Not enough to warrant a 30% discount in the Nordstrom stock price. To be sure, the quarter wasn't great. The full-price business is slowing and margins remain under pressure. But, its full-price retail is slowing because of tougher comps, and is stable in a long-term window.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMargins are also expected to stabilize next year, thanks to full-price business improvements and cost cutting measures. Meanwhile, the off-price business is firing on all cylinders, and digital sales growth remains robust.Overall, while there are some signs of weakness, the overall JWN growth narrative remains largely healthy today. Yet at current levels, Nordstrom stock isn't priced for healthy, a disconnect that can't last for much longer. The retailer's numbers will improve throughout 2019. As they do, JWN stock will bounce back, and the shares will likely end the year close to $60. A Mixed Big PictureThe Nordstrom narrative can be summed up in four words: good, but not great.In 2018, Nordstrom was staging a huge comeback as the broader retail scene stabilized after years of losing share to the e-commerce market. Nordstorm led the pack in finding its footing via a robust omni-channel presence and unique value prop as a medium-to high-end retailer. That proposition enabled the Seattle-based operator to drive consistently positive comp sales growth at both its full- and off-price stores. Wall Street bought into this idea that Nordstrom was back to its normal self, pushing JWN stock to near $70 a share. * 7 March Madness Stocks to Consider for the Big Dance Unfortunately, that isn't what's happening because Nordstrom continues to operate in a world where consumers can buy clothes from its neighbor Amazon (NASDAQ:AMZN) and other e-commerce retailers. Granted, Nordstrom is a medium-to high-end retailer with mitigated product portfolio overlap with other retailers. But, there is still some overlap, and that means that the retailer will continue to feel some competitive friction for the foreseeable future.This is what investors are seeing in the numbers now. As the lap got tougher in late 2018, comparable sales growth slowed. But, comps are still up on a two-year basis and are expected to be narrowly positive again next year. In other words, growth isn't on a runaway train to new highs, but rather on a slow and steady path higher.Overall, the Nordstrom narrative is a mixed bag. You have a retailer that clearly has staying power on the retail scene thanks to its unique value prop and product portfolio. But, staying power doesn't equal robust growth and because competition is as intense as ever, stamina over the next several years will translate into relatively muted top- and bottom-line growth. Still, that's good enough to warrant buying JWN stock at currently depressed levels. Nordstrom Stock is UndervaluedThe math behind buying JWN stock at current levels is pretty simple.You have a company that has a red-hot off-price business that has been, still is, and will continue to fire on all cylinders thanks to its ability to integrate reasonable prices with good quality. Meanwhile, the full-price business is slowing thanks to tougher laps. But, those laps get easier later in 2019, so growth should come back into the picture. Importantly, this business should remain a tepid grower over the next several years. * 9 Best Stocks to Buy on U.S.-China Trade Optimism Gross margins will get hit early in the year thanks to full-price weakness. But, as that business stabilizes in late 2019 and in the long term, gross margins should stabilize, too. The SG&A rate has been consistently rising. That, too, will end as generational investments phase out and the company continues to pull costs out of the system.So, in the big picture, Nordstrom should be able to grow sales at a tepid 1-2% rate over the next several years, while stabilizing EBIT margins in 6-7% range. Those growth assumptions, coupled with share buybacks, pave a path for Nordstrom to hit $5 in EPS by fiscal 2025, up from the current $3.32. Based on a market-average 16x forward multiple, that equates to a fiscal 2024 price target for JWN stock of $80. Discounted back by 7% per year (3 points below my normal 10% discount rate to account for the yield), that gives you a fiscal 2019 price target of roughly $57. Bottom Line on JWN StockThe Nordstrom story isn't great. But, it isn't awful either. Right now, JWN stock is priced for awful. This disconnect cannot last forever. Nordstrom's numbers will improve throughout 2019 as the lap gets easier. As those numbers improve, Nordstrom stock will rise, and prices close to $60 look achievable by year end.As of this writing, Luke Lango was long JWN and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy * 5 Housing Stocks to Buy for Renewed Homebuilder Confidence * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio Compare Brokers The post Here's How Nordstrom Stock Can Rally Back Toward $60 In This Year appeared first on InvestorPlace.
- Thomson Reuters StreetEvents•16 days ago
Edited Transcript of JWN earnings conference call or presentation 28-Feb-19 9:45pm GMT
Q4 2018 Nordstrom Inc Earnings Call
- InvestorPlace•18 days ago
5 Retail Stocks Ready to Break Out
U.S. equities are suffering from bouts of volatility on Friday as investors contend with major technical resistance levels. The 26,000 threshold on the Dow Jones Industrial Average and the 2,800 level on the S&P 500 are proving intractable, resulting in sharp intra-day pullbacks.To be sure, a pause for breath is deserved here after a historic rally out of the late December lows: The S&P 500 is up nearly 20% in a smooth, unbroken rise. If only all rallies were this impressive. And there are nagging questions about the health of the global economy, with a weaker-than-expected ISM manufacturing and consumer sentiment reports on today.But with central banks dovish again, and the IPO market reopening with ridesharing icon Lyft preparing to file under the LYFT ticker on the Nasdaq, there are plenty of reasons to remain excited. In fact, a number of industry groups that have been left behind over the past two months look ready for a catch-up surge.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks to Buy and Hold Forever A number of retailers are on the list. Here are five retail stocks to check out: JCPenney (JCP) Click to EnlargeJCPenney (NYSE:JCP) shares are coming back to life, rising nearly 60% off of their late December lows as the beleaguered retailer goes through yet another strategy restructuring by exiting the appliance and furniture businesses. But management is cutting the fat, with inventory down 13% year-over-year and expectations for positive free cash flow in fiscal 2019.The company will next report results on May 30 before the bell. When the company last reported on Feb. 28, earnings of 18 cents per share matched estimates on a 9.5% decline in revenues. Target (TGT) Click to EnlargeTarget (NYSE:TGT) shares are threatening to climb up and over their two-month uptrend channel, setting the stage for a run at the 200-day moving average that was lost back in November. Analysts at Citigroup recently resumed coverage, targeting a move above the 200-day moving average. Analysts at Tigress cited improved operating efficiencies and a differentiated value proposition as a reason to reiterate their buy rating back in January. * 10 Best High-Growth Stocks for Young Investors The company will next report results on Mar. 5 before the bell. Analysts are looking for earnings of $1.53 per share on revenues of $23.1 billion. When the company last reported on Nov. 20, earnings of $1.09 missed estimates by 2 cents on a 5.7% rise in revenues. Nordstrom (JWN) Click to EnlargeNordstrom (NYSE:JWN) shares are coming back to life, pushing back up and over their 50-day moving average to exit a five-month downtrend channel. The decline marked a return to the lows seen back in early 2018 as shares remain mired in a sideways channel going back to late 2015. The stock has been consistent, however, not missing revenue expectations for six straight quarters.The company will next report results on May 30. When the company last reported on Feb. 28, earnings of $1.48 per share beat estimates by 6 cents on a 4.6% drop in revenues. Gap (GPS) Click to EnlargeGap (NYSE:GPS) shares are surging higher, up more than 20% for the week, thanks to an announcement by management that it will split off its growing Old Navy brand into its own business. Current shareholders will get a stake in the new company, which is becoming large enough and differentiated enough that management thought it was best to let it fly on its own. * 7 Strong Buy Stocks the Street Loves The company will next report results on May 30 after the close. When the company last reported on Feb. 28, earnings of 72 cents per share beat estimates by 3 cents on a 3.2% decline in revenues. L Brands (LB) Click to EnlargeL Brands (NYSE:LB), the company behind Victoria's Secret, is enjoying an upside breakout after a head-fake move to the downside setting up an exit from a tight three-month consolidation range. Watch for a possible test of the November/December highs, which would be worth a gain of roughly 25% from here.The company was upgraded to overweight by analysts at Barclays on confidence in management's forward guidance numbers and reasonable expectations of earnings upside driven by new merchandising initiatives. The company will next report results on May 29 after the close. Analysts are looking for a break-even result on revenues of $2.6 billion. When the company last reported on Feb. 27, earnings of $2.14 per share beat estimates by 7 cents on a 0.6% rise in revenues.As of the time of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy * 5 Housing Stocks to Buy for Renewed Homebuilder Confidence * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio Compare Brokers The post 5 Retail Stocks Ready to Break Out appeared first on InvestorPlace.
- American City Business Journals•19 days ago
Nordstrom explains how the company operates without Blake Nordstrom
Erik Nordstrom spelled out how the two remaining Nordstrom brothers have split leadership responsibilities after Blake Nordstrom died earlier this year.
- Market Realist•19 days ago
Nordstrom Posts Mixed Q4 Results, Gives Upbeat Earnings Outlook
Nordstrom Posts Mixed Q4 Results, Gives Upbeat Earnings OutlookMixed Q4 results As of 8:36 AM, Nordstrom (JWN) had risen 2.0% today. The company announced mixed results for fiscal 2018’s fourth quarter1 after markets closed yesterday, following
- Benzinga•19 days ago
Nordstrom's Q4 Keeps KeyBanc On The Sidelines And Bank Of America Bearish
High-end fashion retailer Nordstrom, Inc. (NYSE: JWN ) reported fourth-quarter results Thursday that were mixed and fell short of convincing two Street analysts to turn bullish on the stock. The Analyst ...
- Zacks•19 days ago
Nordstrom's (JWN) Q4 Earnings Beat Estimates, Revenues Miss
Nordstrom (JWN) posts mixed results in fourth-quarter fiscal 2018. Management remains focused on attaining long-term targets that support strategic efforts to drive shareholder returns.
- TheStreet.com•19 days ago
Nordstrom Shares Rise After Solid Fourth-Quarter Earnings
Shares of higher-end department store chain Nordstrom jumped more than 5% in premarket trading on Friday after the company reported fiscal fourth-quarter earnings that exceeded analysts' forecasts, though revenue was a shade lower than expectations.
- Yahoo Finance Video•19 days ago
Old Navy could be worth billions now that Gap is splitting up
Gap’s stock is soaring after revealing its plans to spin-off Old Navy. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss why investors might be willing to pay a premium for a piece of Old Navy.
