Nordstrom intends to open a Nordstrom Rack in Nashua, NH, in spring of the next year. Its store-expansion efforts are on track.
Nordstrom (JWN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Nordstrom plans to expand its presence in Texas with a new Rack store in Lubbock, offering a diverse collection of high-quality brands at competitive prices.
JWN posts solid third-quarter fiscal 2024 results. Sales at the Nordstrom Rack banner increase 10.6% year over year.
Nordstrom, Inc. JWN shares are trading lower on Wednesday.
I am downgrading Nordstrom stock to a hold rating as the stock has surpassed my target price of $23.80, now trading at $24.60. JWN's 3Q24 earnings showed strong retail sales growth of 4.6% y/y, with EPS significantly beating forecasts, but management maintained their FY24 EPS outlook. Demand remains robust, with notable performance in both full-line and Rack segments, but inventory levels are a concern, potentially impacting future margins.
Department-store chain Nordstrom (JWN) on Tuesday boosted the low end of its full-year projections, although it warned that there was a “noticeable decline” in sales trends at the end of last month.
Nordstrom, Inc. (NYSE:JWN) shares headed slightly lower after hours as the US department store chain reported third-quarter earnings and kept guidance unchanged. Adjusted earnings per share of $0.33 and $3.46 billion in revenue were both ahead of expectations.
Nordstrom (JWN -1.12%), the high-end department store chain known for luxury and accessibility, released its third-quarter earnings for 2024 on Nov. 26. The company reported adjusted earnings per share (EPS) of $0.33, outperforming the analyst estimate of $0.22.
While digital sales continued to perform well at Nordstrom, enhancements to the overall customer experience paid off as well, according to CEO Erik Nordstrom.
Although the revenue and EPS for Nordstrom (JWN) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.