Nordstrom Inc $ 15.76 0.47 (3.07%)
JWN News and Headlines - Nordstrom
According to the GuruFocus All-in-One Screener as of July 9, the following retailers are popular among gurus.
Nordstrom Inc. (JWN) has a market cap of $2.5 billion. Its revenue of $14.2 billion has increased 6.10% over the past 10 years.
The company is held by five gurus, including John Rogers (Trades, Portfolio) with 0.33% of outstanding shares, Pioneer Investments (Trades, Portfolio) with 0.15% and Mark Hillman (Trades, Portfolio) with 0.09%.
As of July 9, the stock was trading with a price-earnings ratio of 5.24. The share price of
U.S. stocks were in the red on Wednesday, with coronavirus cases advancing in some states. The Dow Jones Industrial Average fell 3.06% to 25,360, the S&P 500 index lost 2.92% to 3,039 and the Nasdaq Composite Index was down 2.62% to 9,865.
• C.H. Robinson Worldwide, Inc. (CHRW) +0.67%
• Tyler Technologies, Inc. (TYL) +0.22%
• Norwegian Cruise Line Holdings Ltd. (NCLH) -13.7%
• Carnival Corp (CCL) -11.8%
• Royal Caribbean Cruises Ltd (RCL) -13.1%
• Gap Inc (GPS) -9.8%
• ONEOK Inc (OKE) -9.6%
• Nordstrom Inc (JWN) -8.4%
U.S. stocks were mostly in the red on Monday. The Dow Jones Industrial Average fell 0.12% to 25,849, the S&P 500 index lost 0.01% to 3,097 and the Nasdaq Composite Index was up 0.26% to 9,972.
• The Gap, Inc. (GPS) +7.9%
• Newmont Corporation (NEM) +4.6%
• Nordstrom, Inc. (JWN) +2.9%
• CarMax, Inc. (KMX) 2.3%
• Norwegian Cruise Line Holdings Ltd. (NCLH) -3.9%
• Wynn Resorts, Limited (WYNN) -3.5%
• Host Hotels & Resorts, Inc. (HST) -3.8%
• H&R Block, Inc. (HRB) -3.4%
The main European stock markets traded in the
U.S. stocks indices were mixed on Wednesday, with the Dow advancing more than 170 points as tech shares pulled down the Nasdaq index. The Dow Jones Industrial Average gained 0.67% to 25,164, the S&P 500 index fell 0.23% to 2,984 and the Nasdaq Composite Index declined 1.59% to 9,192.
• Nordstrom Inc (JWN) +12.2%
• Gap Inc (GPS) +9.4%
• Kohls Corp (KSS)
After an initial decline on the back of retail sales plunging 16.4% in April due to the Covid-19 pandemic, according to the Commerce Department, U.S. stock market indexes recovered slightly. The Dow Jones Industrial Average rose 0.23% to 23,678.51, the S&P 500 index increased 0.18% to 2,857.67 and the Nasdaq Composite Index swelled 0.37% to 8,977.88.
Non-index stocks have also posted gains and losses recently. Shares of Applied Materials Inc. (AMAT) fell more than 4% on Friday after the company
U.S. stocks were in the red on Wednesday on the back of economic data that showed retail sales and manufacturing output declined in March. The Dow Jones Industrial Average fell 1.70% to 23,533, the S&P 500 Index dipped 2.01% to 2,788 and the Nasdaq Composite Index declined 1.03% to 8,428.
Non-index stocks have also posted gains and losses recently. Shares of UnitedHealth Group Inc. (UNH) jumped almost 4% on Wednesday after the company announced first-quarter results.
According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and a wide margin of safety.
O’Reilly Automative Inc. (ORLY) has a business predictability rank of five out of five stars and, according to the discounted cash flow calculator, a 39% margin of safety at an average price of $308 per share.
The aftermarket auto parts retailer has a market cap of $22 billion and enterprise value of $28 billion. Over the past five years, its revenue has grown 6.8% and its earnings per
The price-book ratio, which is the ratio of a company’s market cap to its net assets, is one measure that investors can use to determine whether or not a stock is fairly valued. In theory, it is what shareholders would receive if the company went bankrupt and its assets were liquidated, though in practice, factors such as intellectual property and lack of buyers for certain assets cannot be factored in.
However, unlike the price-earnings ratio, the price-book value is calculated even during periods when a company experiences a net loss. Thus, companies trading at their historical low price-book ratios can
According to the GuruFocus All-in-One Screener, a Premium feature, as of March 27, the following guru-held companies are trading at a discount and have positive three- to five-year future earnings estimates.
Shares of TJX Companies Inc. (TJX) were trading around $46.95 on Friday.
The retailer of apparel, home fashions and merchandise has a GuruFocus profitability rating of 10 out of 10. Its earnings per share have climbed 15.6% over the past three years.
Analysts project a three-year to five-year earnings growth rate of 13.42%. The return on equity of 60.65%
Nordstrom Inc. (JWN) has improving capital return prospects after its 57% decline over the past year.
The high-end department store is investing in its website, reducing costs and is expanding the range of products it sells.
The company is investing in its e-commerce capabilities to boost its financial performance. It is hoping to increase the speed of its distribution network on the West Coast to reduce the amount of time it takes to ship products to customers. This could catalyze its sales prospects since around 40% of its customers are located on the
U.S. stocks were in the green on Wednesday after Congress authorized spending $8 billion to combat the coronavirus. The Dow Jones Industrial Average gained 3.45% to 26,810, the S&P 500 Index rose 3.08% to 3,096 and the Nasdaq Composite Index jumped 2.78% to 8,925.
Non-index stocks have also posted gains and losses recently. Shares of Nordstrom Inc. (JWN) fell more than 2% on Wednesday after the company announced fourth-quarter 2019 results. The department store posted earnings of $1.42 per share, 6 cents shy of estimates. Revenue grew 1.4% year over year to $4.44 billion, but fell $120 million short of
It’s the most wonderful time of the year, which means children are busy writing and mailing their Christmas letters to Santa and parents are looking for the best bargains to fill stockings. According to a survey conducted by the American Research Group, U.S. shoppers are planning to spend an average of $976 on gifts this holiday season, down from $992 in 2018.
While the National Retail Federation’s annual survey reported the most requested item on individual consumers’ holiday wish lists were gift cards at 59%, clothing and accessories were a close second. In addition, the survey found that
Five to six months ago, high-end real estate was thriving; homes in wealthier neighborhoods often sold before the signs had a chance to be put up, and bidding wars were commonplace. Multiple interest rate cuts in an economy that has been bullish for almost a decade have made people willing to pay top-dollar for new homes.
Now, houses in those same price ranges have been sitting for three or four months without an offer. Real estate is one of many sectors that face declines in the next financial quarter as the wealthy slow down on spending and transition more of
Shares of big-box retailer Bed Bath & Beyond Inc. (BBBY) surged more than 20% in extended trading on Wednesday after the company announced it selected Mark Tritton to be its new president and CEO.
Currently the executive vice president and chief merchandising officer at Target Corp. (TGT), Tritton played a key role in the company’s turnaround, spearheading the transformation of its retail model to become relevant with consumers and position it for long-term profitability. He has also held positions at Nordstrom (JWN), VF Corp.’s (VFC) Timberland and Nike (NKE).
The Union, New Jersey-based company, which sells a variety of
U.S. stocks were in the green on Monday on the back of U.S.-China trade talks. The Dow Jones Industrial Average gained 0.03% to 26,579, the S&P 500 Index rose 0.03% to 2,952 and the Nasdaq Composite Index advanced 0.12% to 7,992.
Shares of The Simply Good Foods Co. (SMPL) fell almost 4% on Monday after the company announced fiscal 2019 results will include around a 2% benefit to net sales growth due to an additional week.
The company previously anticipated full-year sales growth would be similar to the nine-month increases of 18.9% and 23.3% in adjusted earnings before interest,
U.S. stocks were in the green on Thursday, with investors more positive on the U.S.-China trade dispute. The Dow Jones Industrial Average climbed 1.54% to 26,761, the S&P 500 index advanced 1.27% to 2,975 and the Nasdaq Composite Index jumped 1.52% to 8,097.
Shares of Palo Alto Networks Inc. (PANW) gained more than 4% after announcing fourth-quarter results on Wednesday. The company posted earnings of $1.47 per share on $805.8 million in revenue, reflecting 22.4% growth
The transformation of the cutthroat competitive retail sector continues apace. The changes have starkly revealed an ever-widening gulf between those traditional department stores that have successfully revamped their business models to mesh with consumers' changing shopping habits and those stores that have not.
Three companies that have revamped their business strategies, Walmart (WMT), Target (TGT) and TJX (TJX), each posted strong sales and an increase in foot traffic to their stores in their latest quarterly results. By comparison, old-line, middle-market chains continue to post disappointing and inconsistent results.
One of the factors separating the two tiers is the top-level stores
Shares of L Brands Inc. (LB) moved higher 0.84% to $20.50 in after-hours trading on Wednesday despite missing consensus estimates on earnings for the second quarter of fiscal 2019 by 4 cents.
The company posted 14 cents per share, a 61.1% fall from the prior-year quarter due to a loss associated with the refinancing of debt through cash and the issuance of a new $500 million worth corporate loan notes with maturity in 2029. The extinguished debt was $764 million.
Revenue of $2.9 billion, which was a 2.7% decline year-over-year, fell $50 million short of expectations.
Including online sales and
Nordstrom Inc.'s (JWN) plan to expand its local store concept could provide it with a stronger competitive position versus peers. The concept’s enhanced e-commerce offering and improved customer service levels may lead to a higher degree of customer loyalty.
Although the company’s recent quarterly financial performance was disappointing, its plans to become more efficient and increase the size of its store estate could enhance its future prospects.
Having declined 43% in the last year versus a 7% rise for the S&P 500, the stock offers turnaround potential.
Nordstrom’s planned rollout of its local
U.S. stocks were bearish on Friday despite the U.S. adding 224,000 nonfarm payroll jobs during the past month, which was higher than estimates of 160,000. The unemployment rate reached 3.7%, 10 basis point higher than expectations of 3.6%. The Dow Jones Industrial Average fell 0.16% to 26,922, the S&P 500 Index declined 0.18% to 2,990 and the Nasdaq Composite Index slid 0.10% to 8,161.
Shares of Grifols S.A. (GRFS) gained more than 1% on Friday after the U.S. Food and Drug Administration approved Xembify, a new 20% subcutaneous immunoglobulin used to treat primary immunodeficiencies, expanding its product portfolio of plasma-derived