|Bid||0.00 x 2200|
|Ask||0.00 x 900|
|Day's Range||48.09 - 49.38|
|52 Week Range||37.79 - 54.00|
|PE Ratio (TTM)||18.89|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||1.48 (2.98%)|
|1y Target Est||50.69|
Memorial Day is the new Black Friday — but that doesn’t mean it’s the best time to buy everything. Originally a holiday devoted to mattress sales, in recent years retailers have morphed the holiday weekend into a bigger sales weekend to mark the halfway-point to Black Friday. “Memorial Day sales represent about the closest thing we’ll see for ‘across the board’ discounts until holiday season,” said Brent Shelton, an online shopping expert.
Macy’s, Nordstrom, and J.C. Penney just reported earnings, and the results show it’s still possible for some department stores to succeed.
Nordstrom Inc (NYSE:JWN), a US$7.99B mid-cap, operates in the retail industry impacted by the digital transformation for all retail channels. Growth has been a result of investment in streamlining distributionRead More...
The stock market's having a real hard time evaluating anything at all and putting a dollar amount on it, Jim Cramer told his Mad Money viewers Thursday. The important thing to remember is: Don't be so quick to question high-quality stocks, Cramer warned. Shares plunged from $51 to $45 on the news, but Cramer said the company could be taken private at these low levels, making the plunge a buying opportunity.
I know it sounds strange but the stock market's having a real hard time evaluating anything, anything at all, and putting a dollar amount on it. Every day this plays out and it drives me crazy. For example this morning our market opens down badly because Japan and Europe are down.
Ken Worzel already is president of Nordstrom.com. His new title reflects the Seattle-based retailer's ongoing efforts to combine the physical and digital experiences as Nordstrom competes for customers with Amazon.
Forward PE (price-to-earnings) multiples are one of the most common metrics that inform investment decisions. Forward PE is arrived at by dividing the stock price by analysts’ earnings estimates for the next four quarters. As of May 22, Kohl’s (KSS) was trading at a 12-month forward PE ratio of 11.2x.
On May 22, Kohl’s (KSS) stock fell over 7.4% after the company posted first-quarter results. The company reported net sales of $3.95 billion, which was marginally better than the analyst estimate. The company’s adjusted EPS (earnings per share) of $0.64 came in better than the Wall Street estimate of $0.50. Also, comps rose 3.6% in the first quarter driven by strength in both store and digital comps.
Shares are up nearly 73% on the year and 111% over the past 12 months for the seemingly unstoppable streaming service, which notably added former President Barack Obama to its stable this week. Yes, debt and spending keep increasing, but so does income, and Netflix retains a dominant market position.
Nordstrom's stock has fallen around 10 percent, but an opportunity exists for the stock's multiple to recover, Trussell said in the upgrade note. The majority of Nordstrom's initiative investments in digital and other areas of the business have already been made, which bodes well for SG&A moving forward, Trussell said.
In this daily bar chart of JWN, below, we can see that the price of JWN had been bouncing off the slightly rising 200-day moving average line since December. The daily On-Balance-Volume (OBV) line made a new low for the move down recently signaling that sellers of JWN have been more aggressive. In this weekly bar chart of JWN, below, we can see that prices closed last week below the flat 40-week moving average line.
Nordstrom's recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank.
Shares of Gap (GPS) have climbed 10% over the last four weeks in a sign that investors might be anticipating strong quarterly financial results from the retailer. Let's take a look to see what they should really expect from Gap in the first quarter.
Nordstrom's (JWN) focus on expanding stores is noteworthy. It announces plans to open two Nordstrom Rack outlets in Los Angeles, CA.
Kohl's on Tuesday reported much-better-than-expected first-quarter earnings. J.C. Penney CEO Marvin Ellison will become Lowe's CEO. He previously was a top Home Depot executive.
Ryan McQueeney highlights the specific concessions made by the U.S. and China amid ongoing trade negotiations between the two nations. He also prepares investors for Mark Zuckerberg's EU testimony and chats with Zacks Strategist Dave Bartosiak about the latest trends in retail stocks following Q1 earnings season.
On May 18, Nordstrom’s (JWN) 12-month forward PE (price-to-earnings) multiple declined 11.4% to 13x. As discussed previously in this series, Nordstrom exceeded analysts’ revenue and earnings expectations, but investors were disappointed with the slowdown in the company’s same-store sales growth rate. As of May 18, Nordstrom’s department store peers Macy’s (M) and Kohl’s (KSS) were trading at 12-month forward PEs of 9.3x and 11.9x, respectively.
Nordstrom’s (JWN) gross and operating margins declined in the fiscal first quarter, which ended on May 5. The company’s gross margin as a percentage of retail net sales declined 21 basis points on a year-over-year basis to about 34.1% in the fiscal first quarter. The decline in the gross margin was primarily caused by higher occupancy expenses related to the US and Canada Rack store openings and the pre-opening expenses associated with the Nordstrom men’s store.
SEATTLE , May 21, 2018 /PRNewswire/ -- Seattle-based Nordstrom, Inc . (NYSE: JWN) announced today plans to open Nordstrom Rack stores within The Vineyards at Porter Ranch and Plaza El Segundo in Los Angeles, ...
Nordstrom (JWN) generated revenue of $3.6 billion in the fiscal first quarter of 2018, which ended on May 5. Nordstrom’s revenue consists of its retail net sales and credit card revenue. In the fiscal first quarter, the company’s retail net sales grew 5.8% to $3.5 billion.