Nordstrom downgraded by KeyBanc Capital Markets
$JWN
Clothing/Shoe/Accessory Stores
Consumer Discretionary
KeyBanc Capital Markets downgraded Nordstrom from Overweight to Sector Weight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 9/5/2024 | $18.00 → $23.00 | Underweight → Equal Weight | Barclays |
| 8/28/2024 | $23.00 → $24.00 | Market Perform | Telsey Advisory Group |
| 7/9/2024 | $19.00 → $23.00 | Market Perform | Telsey Advisory Group |
| 3/7/2024 | $18.00 → $17.00 | Buy → Hold | Jefferies |
| 3/6/2024 | $17.00 → $19.00 | Market Perform | Telsey Advisory Group |
| 11/22/2023 | $19.00 → $17.00 | Market Perform | Telsey Advisory Group |
| 11/7/2023 | $14.00 | In-line | Evercore ISI |
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4 - NORDSTROM INC (0000072333) (Issuer)
KeyBanc Capital Markets downgraded Nordstrom from Overweight to Sector Weight
Barclays upgraded Nordstrom from Underweight to Equal Weight and set a new price target of $23.00 from $18.00 previously
Telsey Advisory Group reiterated coverage of Nordstrom with a rating of Market Perform and set a new price target of $24.00 from $23.00 previously
INDOCHINO, the global leader in custom apparel, and Nordstrom, the renowned fashion retailer, are pleased to announce the expansion of their successful partnership with the addition of five new INDOCHINO shop-in-shop locations across the United States.Building upon the phenomenal success of this collaboration since 2020, INDOCHINO will now offer its made to measure suiting experience in the following Nordstrom locations:Nordstrom Los Cerritos Center - Cerritos, CANordstrom Alderwood Mall - Lynnwood, WANordstrom Thousand Oaks - Thousand Oaks, CANordstrom Irvine Spectrum Center - Irvine, CANordstrom Fashion Centre at Pentagon City - Pentagon City, VA
Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Nordstrom (NYSE:JWN) in the last three months. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 5 3 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 3 3 0 3M Ago 0 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $19.0, a high estimate of $23.00, and a low estimate of $17.00. Surpassing the previous average price target of $1
Telsey Advisory Group analyst Dana Telsey maintains Nordstrom (NYSE:JWN) with a Market Perform and raises the price target from $19 to $23.
SEATTLE, Oct. 22, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE:JWN) announced plans to open two new Nordstrom Rack stores in Florida. The new stores will be located in Melbourne and Sarasota, which will open in fall 2025 and spring 2026, respectively. "We look forward to being a part of the Melbourne and Sarasota communities and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in these regions and introduce new customers to the Nordstrom experience." Lionello added that in this location "customers will be able to take advantage of our convenie
Cast offers artfully designed jewelry to enjoy everyday SAN FRANCISCO, Sept. 17, 2024 /PRNewswire/ -- Cast, the San Francisco-based fine jewelry brand known for its artful and modern designs, partnered with internationally renowned creator, tastemaker, actor, and entrepreneur Issa Rae to create the Braeve Collection. The collaboration supports Cast's vision to make artfully designed jewelry more accessible along with their shared passion to inspire and empower the women wearing it. The partnership is a reflection of Issa's own personal jewelry journey from curious, to collector and co-creator. The Braeve Collection launches on September 17, 2024, at Cast Boutiques, CastJewelry.com, and excl
SEATTLE, Sept. 4, 2024 /PRNewswire/ -- The special committee of the Board of Directors of Nordstrom, Inc. (NYSE:JWN) today confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV:LIVEPOL) to acquire all of the outstanding shares of the Company, other than shares held by members of the Nordstrom family and Liverpool, for $23.00 per share in cash. The proposal states that the merger consideration would be financed through a combination of rollover equity and cash commitments by members of the Nordstrom family and Liverpool and $250 million in new bank financing, with the existing indebte
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SEATTLE, Oct. 22, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE:JWN) announced plans to open two new Nordstrom Rack stores in Florida. The new stores will be located in Melbourne and Sarasota, which will open in fall 2025 and spring 2026, respectively. "We look forward to being a part of the Melbourne and Sarasota communities and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in these regions and introduce new customers to the Nordstrom experience." Lionello added that in this location "customers will be able to take advantage of our convenie
Sales positive across both banners and digital during second quarterReports EPS of $0.72, adjusted EPS of $0.961Updates fiscal 2024 outlookSEATTLE, Aug. 27, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today reported second quarter net earnings of $122 million, or earnings per diluted share ("EPS") of $0.72, and earnings before interest and taxes ("EBIT") of $190 million. Excluding a charge primarily related to supply chain asset impairment, the Company reported adjusted EBIT of $244 million and adjusted EPS of $0.96.1 For the second quarter ended August 3, 2024, net sales increased 3.4 percent versus the same period in fiscal 2023, and total Company comparable sales increased 1.9 percent
SEATTLE, Aug. 21, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on September 18, 2024, to shareholders of record at the close of business on September 3, 2024. ABOUT NORDSTROM At Nordstrom, Inc. (NYSE:JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want t
Shellye Archambeau brings over 30 years of expertise in technology leadership to the Lineage Board of Directors Lineage, Inc. ("Lineage"), the world's largest global temperature-controlled warehouse REIT and integrated solutions provider, today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage's operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423547241/en/Lineage today announced the appointment
Price brings nearly 30 years of retail and hospitality industry experience supporting all aspects of human resources SEATTLE, Oct. 6, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced the appointment of Lisa Price as chief human resources officer, effective November 6. Lisa joins Nordstrom from Domino's Pizza, where she served as executive vice president and chief human resources officer since August 2019. In her new role, Price will support all aspects of human resources, including: recruitment and succession planning; learning and development; recognition and retention; diversity, equity, inclusion, and belonging; and total rewards. Prior to joining Domino's, Price served as
SEATTLE, Sept. 21, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced the appointment of Guy B. Persaud to its Board of Directors, effective immediately. With Persaud's appointment, the Nordstrom Board has been expanded to 12 directors. Persaud has nearly three decades of experience across four continents leading multi-billion-dollar businesses and global organizations across a wide range of cultural contexts. In his current role as president of the new business unit at Procter & Gamble, Persaud is responsible for identifying and operating high-growth and value-creation businesses outside the company's traditional business units. Previous roles at the company include: senior vic