JWN - Nordstrom, Inc.
| Previous Close | 43.83 |
| Open | 43.95 |
| Bid | 43.85 x 1000 |
| Ask | 43.82 x 1300 |
| Day's Range | 43.65 - 44.35 |
| 52 Week Range | 42.54 - 67.75 |
| Volume | 1,700,952 |
| Avg. Volume | 3,049,206 |
| Market Cap | 6.796B |
| Beta (3Y Monthly) | 0.39 |
| PE Ratio (TTM) | 13.21 |
| EPS (TTM) | 3.32 |
| Earnings Date | May 15, 2019 - May 20, 2019 |
| Forward Dividend & Yield | 1.48 (3.33%) |
| Ex-Dividend Date | 2019-03-08 |
| 1y Target Est | 50.69 |
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Glancy Prongay & Murray LLP Continues Investigation on Behalf of Nordstrom Inc. Investors (JWN)
Glancy Prongay & Murray LLP announces the continuation of its investigation on behalf of Nordstrom Inc. investors concerning the Company and its officers’ possible violations of federal securities laws.
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Nordstrom's top exec made 129 times more than its median employee in 2018
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Is Nordstrom (JWN) Stock Undervalued Right Now?
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Stitch Fix Stock Is Beginning to Look a Lot Weaker
Several sources have announced that Stitch Fix (NASDAQ:SFIX) will lose one of its top executives. Chris Phillips, who heads men's and kids' clothing, will leave Stitch Fix to become CEO of Mizzen+Main. What effect, if any, this change will have on Stitch Fix stock remains unclear.Source: Stitch FixHowever, it may serve as a reminder of the competitive challenges that could threaten the company in the future. Stitch Fix's SuccessPut simply, I would not trade Stitch Fix stock based on Mr. Phillips leaving the company. Traders seem to agree. Despite this news, SFIX barely moved in Tuesday trading following the report.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, does this mean other clothing companies want to draw on the knowledge of Stitch Fix executives to compete using technology? Perhaps.Admittedly, using artificial intelligence (AI) to choose clothing based on a customer's individual preferences sounds compelling on the surface. Consequently, Wall Street forecasts revenue growth of 26.6% this year and 21.3% in 2020.Earnings also turned positive last year. Though profits will likely fall this year, analysts expect earnings growth of 22.7% next year, and earnings increases averaging 46.7% per year in later years.This growth has probably helped drive SFIX's multiple to elevated levels. Stitch Fix stock now trades at almost 99 times forward earnings. I urge caution at such multiples, even when justified by a firm's growth. However, this valuation does not necessarily mean Stitch Fix will fall. Can Stitch Fix Compete?The personnel change possibly speaks to a more significant concern about rising competition. I see little that would stop a Macy's (NYSE:M), Amazon (NASDAQ:AMZN), or now, Mizzen+Main, from offering a similar service. In fact, Nordstrom (NYSE:JWN) acquired an AI-based clothing selection system when it bought Trunk Club in 2014. However, Nordstrom later wrote down much of the value in Trunk Club.To its credit, Stitch Fix has built a competitive moat by bringing more than 1,000 brands into its ecosystem. Despite its reach, I would caution against viewing SFIX as the Roku (NASDAQ:ROKU), or the neutral arbiter of the clothing industry.I think my colleague Laura Hoy described the approach of Stitch Fix well in her comparison of the company to Blue Apron (NYSE:APRN). Like with Blue Apron in sending food items, I can see customers having reservations about SFIX sending clothing based on an AI-based assessment of one's clothing tastes.I also share Ms. Hoy's concerns about a service like this becoming a novelty. Stitch Fix's data offers a competitive advantage. However, I do not think it will permanently prevent customers from seeking self-driven choices outside of the Stitch Fix ecosystem. Until the company can prove that it can keep most of its customers, I would not recommend paying a premium valuation for SFIX stock. The Bottom Line on Stitch Fix StockThe departure of Chris Phillips to another company will not materially affect SFIX stock, but it does speak to the competitive dangers facing the company.SFIX remained largely unchanged in trading following the news. The company continues to drive consumer interest, revenue growth, and increasing profits with AI-based clothing choices.However, Nordstrom already uses the same type of technology. Other firms, including the one where Mr. Phillips will take over as CEO, could follow suit. Moreover, many consumers will probably not want machines making their clothing choices. Others may use it for a time and then switch back to more traditional shopping methods.Stitch Fix continues to manage itself well on the financial front. However, given the likely challenges in keeping customers in the Stitch Fix ecosystem long term, I see Stitch Fix stock as a trade at best.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 * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Stitch Fix Stock Is Beginning to Look a Lot Weaker appeared first on InvestorPlace.
- Market Realist•8 days ago
What Analysts Expect from Nordstrom in 2019
Why KeyBanc Upgraded Nordstrom Stock(Continued from Prior Part)JWN’s performance in fiscal 2018 Nordstrom’s (JWN) revenue (including retail net sales and credit card income) rose 2.5% to $15.9 billion in fiscal 2018, which ended on February 2.
- Market Realist•8 days ago
Why KeyBanc Upgraded Nordstrom Stock
Why KeyBanc Upgraded Nordstrom StockRating upgradeNordstrom (JWN) stock rose 1.7% on April 10 after KeyBanc upgraded its rating to an “overweight” from a “sector weight.” Recent meetings between KeyBanc and Nordstrom’s copresident, Erik
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KeyBanc Upgrades Nordstrom, Says Valuation Undervalues Businesses
Upscale fashion retailer Nordstrom, Inc. (NYSE: JWN ) is approaching an era where it's physical asset footprint will hit a peak and take a backseat to e-commerce growth, according to KeyBanc Capital Markets. ...
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Nordstrom shares up 1.7% premarket as KeyBanc upgrades to equivalent of buy
Nordstrom Inc. shares rose 1.7% in premarket trade Wednesday, after KeyBanc upgraded the stock to overweight, the equivalent of buy. Analysts led by Edward Yruma said they came away from a meeting with co-chief executive Erik Nordstrom and chief financial officer Anne Bramman confident that the department store chain is prepared to transition its asset base as e-commerce continues to grow and that it is in two "fundamentally attractive" sectors of the softlines retail: premium and office price. "We expect JWN to continue to close three to four full-line stores annually, although at this stage, the entire fleet is four-wall cash flow positive," Yruma wrote in a note to clients. "We are particularly constructive on the Nordstrom Local strategy in LA and we see significant opportunities to open Locals and regional e-comm distribution centers, which should help drive market share gains and, over time, allow JWN to shrink its physical footprint." KeyBanc views Nordstrom's e-commerce and Nordstrom Rack discount chain as under-appreciated assets, noting the company has built $4.6 billion in e-commerce sales, equal to 30% of revenue. On a standalone basis, that would make it one of the largest global apparel e-commerce retailers, said the note. KeyBanc set a $55 price target for the stock, equal to about 25% above its current trading level. Shares have fallen 11% in the last 12 months, while the S&P 500 has gained 8%.
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- Markit•10 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 neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is moderately high for JWN with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on March 19. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding JWN is favorable, with net inflows of $25.20 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. 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.
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