JWN - Nordstrom, Inc.
| Previous Close | 34.62 |
| Open | 34.96 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 800 |
| Day's Range | 34.42 - 35.63 |
| 52 Week Range | 25.01 - 67.75 |
| Volume | 4,484,165 |
| Avg. Volume | 5,290,293 |
| Market Cap | 5.391B |
| Beta (3Y Monthly) | 0.69 |
| PE Ratio (TTM) | 11.48 |
| EPS (TTM) | 3.03 |
| Earnings Date | Nov 13, 2019 - Nov 18, 2019 |
| Forward Dividend & Yield | 1.48 (4.27%) |
| Ex-Dividend Date | 2019-08-29 |
| 1y Target Est | 32.88 |
- InvestorPlace
Buy Nordstrom Stock, But Not Because of Its Low Valuation
Nordstrom (NYSE:JWN) stock has suddenly moved into rebound mode. After hitting a multi-year low of around $25 per share, the stock has surged over the last few weeks, taking Nordstrom stock to almost $35 per share.Source: Jonathan Weiss / Shutterstock.com JWN remains far away from delivering impressive profit growth, and its low multiple may not persuade investors to buy after the recent run-up. Still, it has become a lucrative choice for an unexpected group -- dividend investors. Nordstrom's Amazing TurnaroundNordstrom stock has seen an impressive run since it announced an earnings beat on Aug. 21. The report began a rally that has taken JWN stock higher by about 40% in less than a month. Positive developments on trade talks with China have further fueled the rally.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Big IPO Stocks From 2019 to Watch Yes, amid the Amazon (NASDAQ:AMZN) threat, JWN and peers such as JCPenney (NYSE:JCP), Kohl's (NYSE:KSS) and Macy's (NYSE:M) have faced challenges over the last few years. As late as 2015, Nordstrom stock traded at over $83 per share. However, fears of Amazon and factors such as the trade war have helped send JWN to recent lows of around $25 per share.While the competition spelled bankruptcy for Sears (OTCMKTS:SHLDQ) and could for JCPenney, Nordstrom has found a way to remain relevant in a retail environment increasingly moving online. As a result, we now see a turnaround in Nordstrom stock.Even with the huge run-up, the forward price-to-earnings ratio stands at about 10.4. That does not seem expensive. Also, it has maintained an average P/E ratio of around 18.7 over the previous five years and such multiples usually signal a strong long-term buy. Dividends Have Become the Draw for JWNStill, looking at profits, one has to wonder if Nordstrom stock will face more permanent multiple compression. Analysts predict profits will shrink by 8.6% this year. For next year, Wall Street forecasts an increase of only 3.3%. It also predicts long-term earnings increases of 3.68% per year over the next five years. Given the slow pace of profit growth, the low P/E ratio alone would not persuade me to buy Nordstrom stock.However, I see a reason for dividend investors to buy stock in JWN. The silver lining in the long-time decline in JWN stock is the rising dividend yield. As late as 2014, JWN investors earned 1.22% in dividends. At that time, investors received $1.32 per share. The annual payout now stands at $1.48 per share and has remained at that level since 2016.Still, despite a modest increase, the yield has now risen to just over 4.3%. And it remains there despite the massive increase in the stock over the last month.To be sure, this payout presents somewhat of a burden. With a dividend payout ratio of 49.33%, the payout claims nearly half of the company's profits. Still, with growth returning, the company has no reason to put the stock at risk by cutting the dividend. Moreover, even with only 3%-plus profit growth, the payout ratio will fall over time. Final Thoughts on Nordstrom StockNordstrom stock should continue to rise over time, but not for a reason many would expect. Yes, the forward P/E of 10.4 looks cheap, both by S&P 500 and even by JWN standards. However, with profit growth expected to remain in the low-single-digits for years into the future, the P/E may not return to long-term averages of around 18.7.Still, the long-term decline in Nordstrom stock has led to an unexpected result -- a high dividend yield. JWN has become a well-suited vehicle for producing a cash return exceeding both the S&P 500 and most any bank deposit. Moreover, with a P/E ratio that remains low, they should receive the added benefit of a rising stock price.For retail investors wanting both growth and income, JWN stock may have just become the equity of choice.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Buy Nordstrom Stock, But Not Because of Its Low Valuation appeared first on InvestorPlace.
- GlobeNewswire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Nordstrom, Inc.
NEW YORK, Sept. 13, 2019 -- Levi & Korsinsky announces it has commenced an investigation of Nordstrom, Inc. (“Nordstrom” or “the Company”) (NYSE: JWN) concerning possible.
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- InvestorPlace
3 Reasons Why Amazon Stock Should be in Your Cart Ahead of the Recession
Intuitively, many investors are undoubtedly tempted to ignore the recent move up in Amazon (NASDAQ:AMZN). Although AMZN stock has seen some volatility since hitting a bottom in August, shares fundamentally have a credibility problem.Source: mirtmirt / Shutterstock.com Everywhere you look, you see multiple pressure points. Of course, the biggest headwind comes in the form of the U.S.-China trade war. Neither side shows any interest in conceding to the other. Additionally, national pride and political reputation are at stake for both battling parties. While the conflict drags on, both the U.S. and Chinese economies are feeling the hurt.Because the trade war is taking its toll on multiple industries including manufacturing, it imposes problems for the consumer. If the tit-for-tat tariffs roll into next year -- and that seems likely to be the case -- consumer sentiment will almost surely fade. Of course, that's a huge negative for AMZN stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother factor working against Amazon stock is its target consumers' behaviors. Let's face it: most folks don't shop on Amazon.com to buy groceries or essential products. No, the e-commerce giant exists to serve our discretionary needs. In a decisive bull market, this was all fine and well.But with a possible market downturn on the horizon, AMZN stock looks less appealing. It's no surprise that last month, investors took a dim view on luxury retailers like Nordstrom (NYSE:JWN) and even mainstream Macy's (NYSE:M). * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off But should investors avoid Amazon stock? Technically, the latest moves aren't that impressive over a larger framework. Still, on a fundamental basis, Amazon offers some surprisingly recession-resistant catalysts that make buying on any dips a viable proposition. E-commerce is Ideal for Cost-Conscious ConsumersLogically, in a recession, everyone should pare down unnecessary spending. After all, paying rent or buying groceries is far more important than that shiny new gadget. In that environment, consumer-levered investments like Amazon stock don't intuitively appeal to market buyers.That said, we're Americans. Although we'll collectively trim down our spending in a recession, we won't quit the habit. Witness the last recession, when retail sales, excluding food services, dipped noticeably. Yet total retail sales recovered completely inside of four years.Moreover, Amazon has taken an increasingly larger share of the broader retail pie. So, recession or not, people will shop on the e-commerce giant's website. And that augurs well for AMZN stock.You also must consider the inherently cost-effective nature of online shopping. Obviously, you don't have to drive to a physical location: you can simply pick and choose what you want from the comfort of your own home. Neither do you have to fight for parking or stand in line. Over time, these little frustrations add up to serious dollars, dollars which recession-hurting consumers don't have.Thus, don't be surprised if AMZN stock performs well in a recession, especially at the expense of traditional retailers. AMZN to Benefit from Premium on Cheap EntertainmentRecently, I made the case that a recession is exactly what Roku (NASDAQ:ROKU) needs. Although a seemingly click-baity thing to say, I presented a logical argument: during an economic slump, sources of cheap entertainment will experience a surge in demand.Understandably, humans can't keep swinging indefinitely. At some point, they need to unwind, or they need a little bit of joy to look forward to. For instance, during the Great Depression, the so-called golden age of Hollywood came alive. The box office provided a moment of respite to American workers who were otherwise battling an unprecedented crisis.By the way, this isn't just a yesteryear concept. During the Great Recession, beleaguered professionals flocked to the box office. * 7 Best Tech Stocks to Buy Right Now Now it remains to be seen if Hollywood can repeat its magic in the next recession. For what it's worth, I think it can. But one thing is certain: people will look for cheap distractions. AMZN has the right ticket.Once you're done extending your plastic on Amazon.com, you can take advantage of their streaming services. A few years back, the company spun off Prime Video in a bid to disrupt Netflix (NASDAQ:NFLX). And in a recession, Amazon has an advantage of consolidating various consumer-level components under one umbrella. AWS to Support Amazon StockThe beauty of Amazon stock is that it's no longer just a consumer-related investment. Over the years, the company has disrupted many technology sectors.The biggest impact so far is with cloud services. At the latest count, AMZN owns nearly half the public cloud's infrastructure. Incredibly, they're leading names like Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), companies that really should take the lead here.Naturally, this gives Amazon considerable leverage and buffer should a recession strike. Moreover, the cloud dominance virtually guarantees the company continued relevancy, even in a slump. That's because when used appropriately, the cloud can save large enterprises money on operating costs.No matter where you turn, Amazon has multiple revenue streams to weather an economic crisis. Therefore, I'm more than willing to give AMZN stock the benefit of the doubt.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 3 Reasons Why Amazon Stock Should be in Your Cart Ahead of the Recession appeared first on InvestorPlace.
- GlobeNewswire
Bragar Eagel & Squire, P.C. Is Investigating Pintec Technology, Cadence Bancorporation, Eldorado Resorts, and Nordstrom on Behalf of Stockholders and Encourages Investors to Contact the Firm
NEW YORK, Sept. 06, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against Pintec Technology Holdings Limited (NASDAQ: PT), Cadence Bancorporation.
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Nordstrom Rack To Open At Willowbrook Shopping Centre In Langley, British Columbia
Nordstrom Rack To Open At Willowbrook Shopping Centre In Langley, British Columbia
- Yahoo Finance
J.C. Penney is nearing its death: top retail strategist
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- Business Wire
INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Nordstrom Inc.
The law firm of Kirby McInerney LLP is investigating potential claims against Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN). This investigation concerns whether Nordstrom has violated federal securities laws and/or engaged in other unlawful business practices. On November 15, 2018, the company announced disappointing sales results, weakening sales growth, and that credit card holders were charged incorrect interest amounts.
- Zacks
Nordstrom (JWN) Debuts Local 'Mini' Stores in New York
Nordstrom (JWN) opened its first Nordstrom Local store in New York today, expanding its store portfolio.
- GuruFocus.com
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- GlobeNewswire
Glancy Prongay & Murray LLP Continues Its Investigation on Behalf of Nordstrom Inc. Investors (JWN)
LOS ANGELES, Sept. 05, 2019 -- Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN).
- GlobeNewswire
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation on Behalf of Nordstrom Inc. Investors
BENSALEM, Pa., Sept. 05, 2019 -- Law Offices of Howard G. Smith continues its investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN) investors.
- Motley Fool
Why Nordstrom Stock Was Gaining Today
An ease in trade tensions helped lift the department store chain.
- TheStreet.com
Nordstrom Shares Rise On Trade War Developments, Service Expansion
The retailer is seeing a rally amid news trade talks have been scheduled between the U.S. and China. Nordstrom Local service hubs also are expanding.
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Trump just shredded some big retail stocks with his new China tariffs
Investors in apparel stocks just got a beat down because of President Trump's intensified trade war with China.
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Nordstrom (JWN) Down 38% YTD: Can Efforts Aid Turnaround?
Nordstrom (JWN) is grappling with strained gross margin trend due to higher expenses. Nevertheless, the company???s store-expansion efforts and customer-based strategy bode well.
- InvestorPlace
3 Reasons You Should Buy into the Home Depot Stock Bump
Home Depot (NYSE:HD) is much like its publicly traded equity: both don't draw much attention until you need them. Put another way, Home Depot stock is usually a safe, reliable investment, but it is a tad on the boring side.Source: Helen89 / Shutterstock.com However, shares have been doing something recently that they don't usually: being interesting. While the benchmark indices like the Dow Jones have been struggling to gain traction in August, the HD stock price has put on a remarkable run. Since the first of the month, shares gained nearly 7%.But at the same time, Home Depot stock is at record levels. Typically, even the strongest and most stable names experience volatility in a market-wide downturn. Therefore, it seems unreasonable to jump aboard HD, especially when headwinds like the U.S.-China trade war and rising economic fears have gripped investors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, I can understand the concerns here. But if you want exposure to recession-resistant companies, HD stock is among your best bets. Here are three reasons why: 1\. Home Depot Stock Is Insulated from AmazonIn retrospect, the late 1990s to early 2000s was the peak of American shopping malls' cultural influence. Since then, brick-and-mortar retailers had to contend with the threat of e-commerce. And when I - or anyone - refers to e-commerce, we're talking about Amazon (NASDAQ:AMZN). * 7 Best Tech Stocks to Buy Right Now You only need to look at the technical charts for traditional retailers like Macy's (NYSE:M) or Nordstrom (NYSE:JWN) to recognize the damage rendered by Amazon. Although these two names are renowned brands across high-end shopping centers, they can't escape the ecommerce onslaught. But Home Depot stock? Fortunately for stakeholders, they won't have to worry about digital disruption.The biggest reason why is that most people who shop at Home Depot do so for renovations or repairs. Neither is an exact science, which essentially insulates the HD stock price from Amazon's encroachment.From my experience with repair work done on my home, the process is a hit-or-miss affair: pipes don't quite work right, or components somehow are either too big or too small. And don't get me started on repainting the interior. I had no clue how many different shades of white existed.I say all this to illustrate a point: Home Depot's business necessitates a physical presence. In fact, going digital would be a nuisance to its millions of customers. Therefore, I'm confident that the HD stock price can hold up better than most retail names. 2\. HD Stock Benefits from Secular DemandDuring bull markets, cyclical investments like tech stocks get all the love. And that's really not a surprise. When the money is flowing, people feel comfortable tacking on greater risk. If their investments fail, hey, the money is still coming in from other sources.But in recessionary markets, Home Depot stock and its rivals like Lowe's Companies (NYSE:LOW) fare better than their high-growth counterparts. It's much easier to predict the company's revenue streams but there's not as much guesswork involved. Aside from obvious technological improvements, construction materials are construction materials.Moreover, HD stock benefits from consistent, secular demand. Yes, a recession will hurt Home Depot like it would any other company. However, consumers don't really have a choice if they the home-improvement giant's services.Again, I speak from personal experience, but I suspect your experiences aren't dissimilar: your plumbing doesn't decide to conk out based on when it's most convenient to your schedule.Plus, I actually see some potential tailwinds for Home Depot stock if we suffer a recession. For instance, home sales have been plummeting even prior to the trade war escalation. Also, the average price of homes sold has started to flatline. Understandably, people are hesitant toward exposing themselves to unnecessary financial risk.But homeowners might take advantage of this lull and focus instead on renovating their properties. Then, when housing comes back, they could reap greater returns. Invariably, such circumstances will only help bolster HD stock. 3\. Mitigating China RisksTurn on the news and chances are, you'll hear various analyses about the longer-term impact of the U.S.-China trade war. And while Home Depot stock does have a secular, insular business, it too suffers from supply chain cost increases.According to Home Depot CEO Craig Menear, the tariffs on Chinese goods will have a "cost impact" on U.S. revenue. This amounts to 2%, or $2 billion.However, the company's suppliers have thought ahead, shifting some manufacturing outside China. These location shifts are toward friendlier nations, including Taiwan, Vietnam, Thailand, even back home stateside.Of course, retailers broadly have pushed these cost increases to their customers and that worries economists. But for Home Depot stock, burdening the consumer base isn't as atrocious as it is for a discretionary-spending retailer.I go back to the point about secular demand. If your home needs repair, you're going to pay the increased material costs because you have to. While it's a cynical situation, it really does favor HD stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 10% in the Past Week * 15 Retail Survivors to Buy for the Long Run * 7 Stocks That Wall Street Thinks Could Rise 50% Or More The post 3 Reasons You Should Buy into the Home Depot Stock Bump appeared first on InvestorPlace.
- Yahoo Finance Video
Nordstrom to accept Macy’s and Kohl’s returns in-store
The department store chain will accept merchandise returns from rivals like Macy’s and Kohl’s at it's new small-format locations, like the one in New York City. Yahoo Finance’s Myles Udland, Jen Rogers and Brian Sozzi sit down to discuss
