Entry level $ 39.00 = Target price $155.50 = Stop loss $139.75
P/e ratio 11, well valued.
Short interest very high at 30%, but for how long?
Earnings Highhlights
Nordstrom (NYSE:JWN) reports full-price sales fell 4.1% in Q3 and off-price sales rose 1.2%.
Digital sales rose 7% during the quarter and as a percentage of total sales accounted for 34%.
Gross margin came in at 34.3% of sales vs. 34.0% consensus and 33.3% a year ago.
Management update: "Our third quarter earnings exceeded expectations, demonstrating substantial progress in the delivery of our strategy and strength of our operating discipline. Through our customer focus, we drove broad-based improvement in top-line trends. The consistent strength of our inventory and expense execution contributed to increased profitability for the quarter."
Looking ahead, Nordstrom anticipates full-year revenue to fall 2% and EPS of $3.25 to $3.30 vs. $3.26 consensus and $3.25 to $3.50 prior outlook.
Shares of Nordstrom are up 5.54% in AH trading to $36.20.
Nordstrom EPS beats by $0.16, beats on revenue (Nov. 21) Seeking Alpha
Company profile
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes and accessories. It operates through the following business segments: Retail, Credit and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.
P/e ratio 11, well valued.
Short interest very high at 30%, but for how long?
Earnings Highhlights
Nordstrom (NYSE:JWN) reports full-price sales fell 4.1% in Q3 and off-price sales rose 1.2%.
Digital sales rose 7% during the quarter and as a percentage of total sales accounted for 34%.
Gross margin came in at 34.3% of sales vs. 34.0% consensus and 33.3% a year ago.
Management update: "Our third quarter earnings exceeded expectations, demonstrating substantial progress in the delivery of our strategy and strength of our operating discipline. Through our customer focus, we drove broad-based improvement in top-line trends. The consistent strength of our inventory and expense execution contributed to increased profitability for the quarter."
Looking ahead, Nordstrom anticipates full-year revenue to fall 2% and EPS of $3.25 to $3.30 vs. $3.26 consensus and $3.25 to $3.50 prior outlook.
Shares of Nordstrom are up 5.54% in AH trading to $36.20.
Nordstrom EPS beats by $0.16, beats on revenue (Nov. 21) Seeking Alpha
Company profile
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes and accessories. It operates through the following business segments: Retail, Credit and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.