|Bid||44.00 x 1000|
|Ask||44.94 x 3200|
|Day's Range||44.22 - 44.84|
|52 Week Range||43.04 - 67.75|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||16.24|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||1.48 (3.37%)|
|1y Target Est||52.00|
Jason Oxman, the CEO of the Electronic Transactions Association, says contactless tap-and-go payments are generating more transactions for credit card companies. Yahoo Finance’s Alexis Christoforous speaks to him.
Shares of Canada Goose (GOOS) plummeted over 13% through mid-afternoon trading Thursday, despite posting better-than-projected quarterly financial results. Therefore, the downturn might have been caused by broader retail worries.
BENSALEM, Pa., Feb. 13, 2019 -- Law Offices of Howard G. Smith announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN) investors.
From consumer discretionary, to retail, to department stores, to discount department stores, TheStreet takes you through the best values to find in consumer stocks right now.
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LOS ANGELES, Feb. 11, 2019 -- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN).
Nordstrom Inc NYSE:JWNView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding JWN totaled $14.56 billion. Additionally, the rate of outflows appears to be accelerating. 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 | NeutralThe current level displays a neutral indicator. JWN credit default swap spreads are within the middle of their range for the last three years.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.
While no-moat Macy's M and other department store competitors have suffered declining sales, Nordstrom increased revenue from about $10 billion to $16 billion between 2010 and 2018. Nordstrom's full-price and Rack (off-price) stores consistently reported positive same-store sales growth over this period. The company has about 140 full-price stores, nearly all of them in desirable Class A malls (sales per square foot above $500).
The luxury retail brand reported adjusted earnings per share of $2.32, beating the $2.14 Investing.com estimate. Revenue totaled $1.73 billion, up from $1.64 billion last year and ahead of the $1.66 billion consensus.
For a long time, it was lonely being a bear on shares of Nordstrom (NYSE:JWN). I would know. I had been bearish on JWN stock for over five months. But, due to Nordstrom's steady, positive comparable sales growth and healthy margins, all JWN stock price did for awhile was head higher. Until late 2018. The bear camp grew by leaps and bounds towards the back half of 2018 as the company's operational risks mounted. Specifically, its comparable-sales growth weakened and its margins started to drop, while macroeconomic conditions deteriorated and its holiday sales were anemic. That combination led to JWN stock plunging from nearly $70 in early November, to just $45 today. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 S&P 500 Stocks to Buy That Tore Up Earnings In other words, the market has gone from bullish to bearish on JWN stock. Meanwhile, I've made the opposite switch. When JWN stock was above $60, I was bearish. Now, with Nordstrom stock hovering below $50, I'm bullish. The stock is simply undervalued and oversold at its current levels. It is both due for a near-term bounce back, and a healthy, sustainable rally towards prices above $50. ### Challenges Mounted in Late 2018 In late 2018, everything went wrong for Nordstrom. The company reported disappointing third-quarter earnings that were highlighted by slowing comparable-sales-growth trends, especially at the company's full-price stores. The comparable-sales growth of its discount stores was still pretty healthy, but since the revenue of its off-price stores grew so much more quickly than that of its full-price stores, its gross margins weakened. On top of gross-margin weakness, the company's sales, general and administrative spending also bounced higher, while its EBIT margins tumbled year-over-year after being largely stable through the first two quarters of 2018. Nordstrom's ugly third-quarter numbers, which came at a time when the global economy was slowing, were followed by weak holiday numbers. As a result, investors worried that slower growth was the new norm for JWN stock, and that led to a bunch of selling of Nordstrom stock. All of this sudden weakness happened when the valuation of JWN stock was relatively high. At its peak, JWN was trading at nearly 20 tines analysts' consensus-forward-earnings estimate for the company. That's far above the stock's five year average forward multiple of 16, and also well above apparel retailers' average forward multiple of 17. In other words, expectations for JWN stock got way too high in late 2018. When the company's Q3 numbers inevitably disappointed investors, JWN stock naturally fell by a large amount. But now that JWN stock has come down, the positioning of the shares has dramatically changed, while the company's numbers have remained relatively stable. As a result, Nordstrom stock should rally in the foreseeable future. ### The Positioning of Nordstrom Stock Has Dramatically Changed Back in late 2018, JWN was a richly valued stock with high expectations, while the company's growth was poised to slow. That is a recipe for disaster, and disaster is exactly what befell Nordstrom stock. Now the set-up of JWN stock is completely different. The stock's forward price-earnings multiple has fallen from nearly 20 to 13, which is below both the average valuation of JWN stock over the last five years and the average valuation of the retail-apparel sector. Moreover, Nordstrom stock is 30% below its highs and is just slightly above oversold territory, according to the Relative Strength Index. The company's growth has already slowed. Given the improving trends of the U.S. economy (including continued wage gains and the stabilization of the consumer confidence index), Nordstrom's growth should actually stabilize, if not improve from here. In other words, the set-up of JWN is exactly the opposite of what it was before the shares plunged. At this point, Nordstrom is an undervalued stock with low expectations that is heading into an era of potential growth acceleration. That is a recipe for success, and JWN stock will indeed be successful. I wouldn't be surprised to see JWN stock reach $50 this month. ### The Bottom Line on Nordstrom Nordstrom is a solid company with long-term staying power in the U.S. retail sector, a sector whose growth has stabilized. As a result, JWN stock should be bought on dips and when its valuation is low. Likewise, it should be sold on rallies and when its valuation is high. Right now, JWN stock has just weakened, and its valuation is very low. That means now is the time to get bullish on Nordstrom. As of this writing, Luke Lango was long JWN. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 of the Best Stocks to Buy for a Dovish Federal Reserve * 5 Best Fidelity ETFs for Retirement Savers * 7 Blue-Chip Stocks That Could Lead the Market Higher Compare Brokers The post Now Is the Time to Get Bullish on Nordstrom Stock appeared first on InvestorPlace.
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?(Continued from Prior Part)Forward valuation multipleMacy’s (M) is currently trading at a lower valuation multiple compared to Nordstrom (JWN). The 12-month forward PE multiple for
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?(Continued from Prior Part)Macy’s earnings trendMacy’s (M) exceeded analysts’ earnings expectations in each of the first three quarters of fiscal 2018. The company’s adjusted EPS
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?(Continued from Prior Part)Price target revisionsSeveral analysts revised their price target for Nordstrom (JWN) after the company reported weak holiday sales growth after financial
Like most large retail stores, Nordstrom offers a store-brand credit card with benefits beyond those available in its rewards program.
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?(Continued from Prior Part)Comparison of marginsIn the first nine months of fiscal 2018, which ended on November 3, 2018, Macy’s (M) delivered a higher gross margin than Nordstrom
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?(Continued from Prior Part)Growth expectations After weak holiday sales, Macy’s (M) expects same-store sales growth (or SSSG) of about 2.0% (on an owned-plus-licensed basis) in fiscal
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?Stock movement in JanuaryThe stocks of major department stores are in the red after reporting weak holiday sales numbers earlier this month. As of January 29, stocks of Macy’s (M) and