Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com, and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of March 02, 2021, it operated 358 stores in the U.S. and Canada, including 100 Nordstrom stores, 249 Nordstrom Rack stores, 2 clearance stores, and 7 Nordstrom Local service hubs. The company was founded in 1901 and is headquartered in Seattle, Washington.
IPO Year:
Exchange: NYSE
Website: press.nordstrom.com
| 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 |
| 8/25/2023 | $21.00 → $19.00 | Market Perform | Telsey Advisory Group |
| 3/8/2023 | $23.00 | Hold → Buy | Argus |
SC 13G/A - NORDSTROM INC (0000072333) (Subject)
SC 13D - NORDSTROM INC (0000072333) (Subject)
SC 13D - NORDSTROM INC (0000072333) (Subject)
SC 13D/A - NORDSTROM INC (0000072333) (Subject)
SC 13D - NORDSTROM INC (0000072333) (Subject)
SC 13D - NORDSTROM INC (0000072333) (Subject)
SC 13D - NORDSTROM INC (0000072333) (Subject)
SC 13G/A - NORDSTROM INC (0000072333) (Subject)
SC 13G/A - NORDSTROM INC (0000072333) (Subject)
SC 13G/A - NORDSTROM INC (0000072333) (Subject)
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
Telsey Advisory Group reiterated coverage of Nordstrom with a rating of Market Perform and set a new price target of $23.00 from $19.00 previously
Jefferies downgraded Nordstrom from Buy to Hold and set a new price target of $17.00 from $18.00 previously
Telsey Advisory Group reiterated coverage of Nordstrom with a rating of Market Perform and set a new price target of $19.00 from $17.00 previously
Telsey Advisory Group reiterated coverage of Nordstrom with a rating of Market Perform and set a new price target of $17.00 from $19.00 previously
Evercore ISI initiated coverage of Nordstrom with a rating of In-line and set a new price target of $14.00
Telsey Advisory Group reiterated coverage of Nordstrom with a rating of Market Perform and set a new price target of $19.00 from $21.00 previously
Argus upgraded Nordstrom from Hold to Buy and set a new price target of $23.00
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
SEATTLE, May 10, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced the appointment of Cathy R. Smith as chief financial officer, effective May 29, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020. In this role, Smith will be responsible for financial planning and analysis, accounting, tax, internal audit, treasury, investor relations and strategic sourcing. "Cathy is a proven and well-respected leader with more than 30 years of financial leadership experience," said Erik Nordstrom, chief executive officer of Nordstrom, Inc. "With her impressive record delivering business results at blue chip bra
SEATTLE, April 17, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced the appointment of Eric Sprunk, former chief operating officer of NIKE, Inc., to its Board of Directors, effective immediately. Sprunk will stand for election at the Company's upcoming 2023 Annual Meeting of Shareholders. With Sprunk's appointment, the Nordstrom Board has been expanded to 11 directors. Sprunk has more than 25 years of leadership experience in the consumer retail industry. He most recently served as chief operating officer of NIKE from 2013 to 2020, where he led the teams responsible for manufacturing, sourcing, sales, procurement and technology. During his time at NIKE, he held various executi
Tilly's, Inc. (NYSE:TLYS, the "Company"))) announced today that it has appointed Laura Janney to serve as the Company's Executive Vice President, Chief Merchandising Officer, effective May 8, 2023. Ms. Janney will oversee all aspects of the Company's merchandising operations, including buying, sourcing, and product development, along with coordinating consistency in merchandising experiences both in-store and online. Prior to joining the Company, Ms. Janney served Hudson's Bay from July 2019 to January 2023, most recently as its Chief Merchandising Officer. Prior to that, she served Nordstrom, Inc. (NYSE:JWN) for 32 years from June 1987 to March 2019 in a variety of retail store and merch
Morris Brings 25 Years of Retail Industry Experience Creating and Implementing Technology Solutions SEATTLE, April 14, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced the appointment of Jason Morris as chief technology and information officer, effective May 1, 2023. Morris has more than 25 years of technology experience in the retail industry and joins Nordstrom from Walmart, where he most recently led global enterprise technology as senior vice president of enterprise business services. Morris will oversee the company's technology functions, including engineer
After 37 years with the company, Teri Bariquit will be retiring from her role as chief merchandising officer SEATTLE, Jan. 13, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced that Chief Merchandising Officer Teri Bariquit is retiring. To ensure a smooth transition, Teri will remain in her role until the company identifies her successor. Throughout her 37-year career at Nordstrom, Bariquit has held a variety of leadership roles across the company's merchandising organization, supporting inventory audit, merchandising technology, planning and more before becoming the company's first-ever chief merchandising officer in 2019. During her tenure, Bariquit has transformed the comp
SEATTLE, Jan. 5, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today announced the appointment of Atticus Tysen to its Board of Directors, effective January 3, 2023. Tysen has more than three decades of engineering and information security experience. In his current role as senior vice president of product development, chief information security and fraud prevention officer for Intuit, Tysen is responsible for the applications supporting the company's core IT functions as well as its cybersecurity and fraud prevention operations. Previous roles at the company include senior vice president and chief information officer, vice president of product development for Intuit's financial management
Deniz Anders Appointed Chief Marketing Officer Nina Barjesteh Joins Nordstrom as President, Nordstrom Product Group SEATTLE, July 20, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced the appointment of two new senior executive leaders: Deniz Anders was promoted to senior vice president and chief marketing officer, and Nina Barjesteh, a senior executive at DICK's Sporting Goods, will join the company as president, Nordstrom Product Group. In her new role, Anders will lead all marketing efforts on behalf of the company, including brand programs, digital marketing, c
SEATTLE, Nov. 5, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced that it will report its third quarter 2024 financial results after the close of the financial markets on Tuesday, November 26, 2024. The announcement will be followed by a conference call at 4:45 p.m. EST, in which senior management will provide a business update and discuss the company's third quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com. To listen to the LIVE conference call on November 26, 2024, at 4:45 p.m. EST: Access the prepared remarks, slides and audio webcast at investor.nordstrom.com.Alternativ
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
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
SEATTLE, Aug. 6, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced that it will report its second quarter 2024 financial results after the close of the financial markets on Tuesday, August 27, 2024. The announcement will be followed by a conference call at 4:45 p.m. EDT, in which senior management will provide a business update and discuss the company's second quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com. To listen to the LIVE conference call on August 27, 2024, at 4:45 p.m. EDT: Access the prepared remarks, slides and audio webcast at investor.nordstrom.com.Alternativel
VANCOUVER, BC, July 25, 2024 /PRNewswire/ - 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
THE BEST SALE OF THE YEAR FEATURES FRESH NEW ARRIVALS AND EXCLUSIVE PRODUCTS ON SALE FOR A LIMITED TIME All Loyalty Cardmembers Shop Early Access Starting July 11 or Earlier Based on Status SEATTLE, June 27, 2024 /PRNewswire/ -- Nordstrom is thrilled to announce the launch of our highly anticipated Nordstrom Anniversary Sale, our biggest event of the year! Download the Nordstrom App to start shopping on July 15 and explore new arrivals from the most coveted brands across women's, men's, children, beauty and home on sale for a limited time until prices go back up on August 5. Whether you're updating your fall wardrobe, preparing for back-to-school, or indulging in a little self-care, now is
Strong sales growth at both banners during first quarterNordstrom Rack net sales up double-digits, with comparable sales up 8 percentGross profit constrained due to timing and other factors Reaffirms fiscal 2024 outlookSEATTLE, May 30, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today reported a first quarter net loss of $39 million, or loss per share of $0.24, and loss before interest and taxes of $21 million. For the first quarter ended May 4, 2024, net sales increased 5.1 percent versus the same period in fiscal 2023, and total Company comparable sales increased 3.8 percent. Gross merchandise value ("GMV") increased 4.9 percent. First quarter net sales include a 75 basis point negativ
SEATTLE, Nov. 5, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced that it will report its third quarter 2024 financial results after the close of the financial markets on Tuesday, November 26, 2024. The announcement will be followed by a conference call at 4:45 p.m. EST, in which senior management will provide a business update and discuss the company's third quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com. To listen to the LIVE conference call on November 26, 2024, at 4:45 p.m. EST: Access the prepared remarks, slides and audio webcast at investor.nordstrom.com.Alternativ
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
SEATTLE, Aug. 6, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced that it will report its second quarter 2024 financial results after the close of the financial markets on Tuesday, August 27, 2024. The announcement will be followed by a conference call at 4:45 p.m. EDT, in which senior management will provide a business update and discuss the company's second quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com. To listen to the LIVE conference call on August 27, 2024, at 4:45 p.m. EDT: Access the prepared remarks, slides and audio webcast at investor.nordstrom.com.Alternativel
Strong sales growth at both banners during first quarterNordstrom Rack net sales up double-digits, with comparable sales up 8 percentGross profit constrained due to timing and other factors Reaffirms fiscal 2024 outlookSEATTLE, May 30, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today reported a first quarter net loss of $39 million, or loss per share of $0.24, and loss before interest and taxes of $21 million. For the first quarter ended May 4, 2024, net sales increased 5.1 percent versus the same period in fiscal 2023, and total Company comparable sales increased 3.8 percent. Gross merchandise value ("GMV") increased 4.9 percent. First quarter net sales include a 75 basis point negativ
SEATTLE, May 22, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on June 19, 2024, to shareholders of record at the close of business on June 4, 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 to shop – wh
SEATTLE, May 9, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced that it will report its first quarter 2024 financial results after the close of the financial markets on Thursday, May 30, 2024. The announcement will be followed by a conference call at 4:45 p.m. EDT, in which senior management will provide a business update and discuss the company's first quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com. To listen to the LIVE conference call on May 30, 2024, at 4:45 p.m. EDT: Access the prepared remarks, slides and audio webcast at investor.nordstrom.com.Alternatively, for a
Revenue and earnings in line with fiscal 2023 outlookSales in both banners improve sequentially, Nordstrom Rack posts double-digit growth during quarterCompany provides fiscal 2024 outlookSEATTLE, March 5, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) today reported fourth quarter net earnings of $134 million, or $0.82 per diluted share ("EPS"), for the 14-week quarter ended February 3, 2024. Excluding a supply chain asset impairment and related charge, the Company reported adjusted EPS of $0.96.1 For the 53-week fiscal year ended February 3, 2024, net earnings were $134 million and diluted EPS was $0.82, with earnings before interest and taxes ("EBIT") of $251 million, or 1.8 percent of s
SEATTLE, Feb. 28, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on March 27, 2024, to shareholders of record at the close of business on March 12, 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 to shop
10-Q - NORDSTROM INC (0000072333) (Filer)
8-K - NORDSTROM INC (0000072333) (Filer)
8-K - NORDSTROM INC (0000072333) (Filer)
8-K - NORDSTROM INC (0000072333) (Filer)
10-Q - NORDSTROM INC (0000072333) (Filer)
8-K - NORDSTROM INC (0000072333) (Filer)
8-K - NORDSTROM INC (0000072333) (Filer)
SD - NORDSTROM INC (0000072333) (Filer)
8-K - NORDSTROM INC (0000072333) (Filer)
ARS - NORDSTROM INC (0000072333) (Filer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
4 - NORDSTROM INC (0000072333) (Issuer)
3 - NORDSTROM INC (0000072333) (Issuer)
3 - NORDSTROM INC (0000072333) (Issuer)
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.
- SEC Filing
- Reuters
Nordstrom, Inc. (NYSE:JWN) is a compelling partner for brands that do not subscribe to the “department stores are dead” mantra. That’s according to BMO Capital Markets analyst Simeon Siegel, one of four experts weighing in on the retailer’s first-quarter earnings. Adjusted losses were 24 cents per share (analysts expected losses of 7 cents per share). Here’s a glimpse into Siegel’s and other experts’ reactions to the company’s quarterly performance: Siegel reiterated the Market Perform rating on Nordstrom, with a price forecast of $20. Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating on Nordstrom, with a price forecast of $19. JPMorgan analys
Barclays analyst Adrienne Yih maintains Nordstrom (NYSE:JWN) with a Underweight and raises the price target from $15 to $18.
Nordstrom, Inc. (NYSE:JWN) shares are trading higher Friday after the company posted mixed first-quarter financial results. The Details: Nordstrom reported adjusted losses of 24 cents per share, missing the analyst estimate of losses of 7 cents per share. Quarterly sales came in at $3.22 billion, beating the $3.2 billion consensus estimate. Nordstrom net sales increased 5.1% versus the same period in fiscal 2023, and total company comparable sales increased 3.8%. Gross merchandise value (GMV) increased 4.9%. During the quarter, Nordstrom banner net sales increased 0.6% and comparable sales increased 1.8%. Net sales for Nordstrom Rack increased 13.8% and comparable sales increased
U.S. stocks were mixed, with the Nasdaq Composite falling around 1% on Friday. Shares of Ambarella, Inc. (NASDAQ:AMBA) rose sharply during Friday's session following strong first-quarter earnings and upbeat second-quarter guidance. Ambarella posted adjusted loss of 26 cents per share, compared to market estimates for a loss of 31 cents per share. The company's quarterly sales came in at $54.473 million beating expectations of $53.875 million, according to data from Benzinga Pro. Ambarella shares jumped 23% to $59.42 on Friday. Here are some other big stocks recording gains in today's session. Latam Logistic Properties, S.A. (NYSE:LPA) shares jumped 79.5% to $464.77. The Ga
Evercore ISI Group analyst Michael Binetti maintains Nordstrom (NYSE:JWN) with a In-Line and raises the price target from $17 to $19.