Previous Close | 18.43 |
Open | 18.66 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 2200 |
Day's Range | 18.04 - 18.83 |
52 Week Range | 15.53 - 29.59 |
Volume | |
Avg. Volume | 5,411,750 |
Market Cap | 2.95B |
Beta (5Y Monthly) | 2.20 |
PE Ratio (TTM) | 9.12 |
EPS (TTM) | 2.02 |
Earnings Date | Mar 02, 2023 |
Forward Dividend & Yield | 0.76 (4.12%) |
Ex-Dividend Date | Nov 28, 2022 |
1y Target Est | 17.69 |
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Fitch Ratings downgraded Nordstrom Inc.’s long-term issuer default rating to “junk” status on Wednesday, to reflect its weakening operating profile amid competitive pressure and a weak economy. “Nordstrom’s operating trajectory has been weaker than most retailers, including its department store peers, since the start of the pandemic in early 2020,” Fitch said in a statement. “Nordstrom’s results have since trailed retail peers given its focus on fashion and occasioned-based apparel, exposure to markets with heavy domestic and international tourism, impact of supply chain challenges given above-average digital penetration and elongated turnaround efforts at its off-price Rack division.”
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The Seattle-based slashed its outlook for 2023 as it works to clear out low-priced inventory that's not selling as well as premium brands.