|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||46.18 - 47.74|
|52 Week Range||37.79 - 54.00|
|PE Ratio (TTM)||18.39|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||1.48 (2.98%)|
|1y Target Est||51.19|
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.
It has been a busy week for retailers, with industry giants from Macy’s Inc (NYSE:M) to Nordstrom, Inc. (NYSE:JWN) all reporting their first-quarter earnings results. With that said, there are clearly still gains to be had from retail stocks even as worries about Amazon (AMZN) and other online sellers mount. Investors just need to look in the right places and search for stocks that are expected to top quarterly earnings estimates.
Nordstrom’s (JWN) adjusted EPS (earnings per share) of $0.51 for the fiscal first quarter of 2018 handily surpassed the consensus analyst estimate of $0.43. Nordstrom’s adjusted EPS grew 18.6% on a year-over-year basis in the fiscal first quarter. Aside from higher revenue, Nordstrom’s adjusted EPS growth in the fiscal first quarter was also driven by lower taxes.
With the exception of small caps, major U.S. stock indices took a breather this past week. That actually bodes well for the bull case, in my opinion. With that in mind, let’s get a look at our top stock trades for this week.Top Stock Trades for Monday #1: PayPal (PYPL)
Nordstrom (JWN) stock fell 10.9% on May 18 in reaction to the company’s lower-than-expected comps or same-store sales growth for the fiscal first quarter of 2018. Nordstrom announced its first-quarter results after the close of financial markets on May 17. Nordstrom exceeded analysts’ revenue and earnings expectations for the fiscal first quarter, but a slowdown in same-store sales growth bothered investors.
NEW YORK, NY / ACCESSWIRE / May 21, 2018 / Nordstrom and GameStop shares both saw big losses on Friday. Nordstrom saw its shares decline after posting first-quarter earnings that showed sluggish same-store ...
Nordstrom Inc., known for its high-end department stores, reported first-quarter earnings that showed strength online but weak same-store sales across both full-line and off-price channels. “In off-price, sales were slightly below our plan reflecting outsized digital growth offset by Nordstrom Rack stores’ performance,” said Nordstrom’s (JWN) Chief Financial Officer Anne Bramman on the earnings call, according to a FactSet transcript. Nordstrom is also opening a full-line department store in New York in 2019 after opening a men’s store in the city this past quarter.
As wages and transportation costs climb, retailers must be more efficient to keep costs down, say analysts.
Same-store sales jumped 3.9% on an owned basis vs. expectations of up 0.7% and the company reported first-quarter adjusted earnings of 42 cents a share, beating analysts' consensus of 37 cents, and 26 cents from the same period last year. , Walmart reported stronger-than-expected earnings for the three months ending in April, which came in at $1.14 per share, 2 cents ahead of the consensus forecast.
Nordstrom's first quarter sales results disappointed Wall Street analysts, sending the stock down nearly 11 percent Friday.