Nordstrom, Inc. (JWN) has more than doubled the market’s return over the past year. During the last 3 months, JWN saw even more bullish trading as shares nearly tripled the performance of the major averages. Analysts are also bullish, lifting the full-year Zacks Consensus Estimate from $1.57 per share to $1.65 over the past month.

Company Description

Nordstrom, a fashion specialty retailer, operates 179 stores located in 28 states. The company was founded in 1901 as a shoe store in Seattle. Today, Nordstrom runs 112 full-line stores, 64 Nordstrom Racks, 2 Jeffrey boutiques and 1 clearance store. In addition, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its catalogs.

Strong Momentum and Bullish Forecasts

The company has more than doubled the market’s return over the past year. During the last 3 months, JWN saw even more bullish trading as shares nearly tripled the performance of the major averages.

Analysts are also bullish, lifting the full-year Zacks Consensus Estimate from $1.57 per share to $1.65 over the past month. The most accurate projection is more bullish at $1.68.

For the following year, the Zacks Consensus Estimate of $1.95 per share was increased from last month’s $1.81. The most accurate estimate is even higher at $1.99.

Second-quarter forecasts of 34 cents per share climbed from 29 cents over the past month, which included a 1-cent bump in the last week.

Results for the third quarter are scheduled for release on November 12.

September Sales

Nordstrom recently announced that September same-store sales dipped by 2.4% year-over-year. Total sales of $720 million were up 0.3% from last year.

Strong Fundamentals

The company boasts a return on equity (ROE) of 25%, squashing the industry average of 7%. Nordstrom’s net profit margin of 4% tops the industry average of 1.4%. The Growth and Income pick pays an industry-leading dividend yield of 2%.

Zacks Investment Research
View original at: Zacks.com News Feed

1. (COH) Coach, Inc – Bullish Forecasts – Favorable Industry ComparisonsCoach, Inc. (COH) recently reported fiscal first quarter results. Earnings per share of 44 cents...
2. (AVP) Avon Products – Rising Forecasts and Strong MomentumAvon Products Inc. (AVP) is seeing bullish earnings estimates ahead of reporting next week. The...
3. ($PVH) Phillips-Van Heusen Corporation – Bullish Forecasts and Strong MomentumPhillips-Van Heusen Corp. (PVH) is seeing bullish forecasts. Analysts polled by Zacks are calling for...
4. (CASY) Casey’s General Stores – Bullish Forecasts and Strong MomentumCasey’s General Stores Inc. (CASY) saw fiscal first-quarter earnings of 87 cents per share, exceeding...
5. (JJSF) J & J Snack Foods Corp. – Bullish Forecasts and Solid MomentumJ & J Snack Foods Corp. (JJSF) continues to see bullish Zacks Consensus Estimates on...
6. (NEU) NewMarket Corporation – Bullish Forecasts and a Surging Share PriceNewMarket Corporation (NEU) continues to see higher Zacks Consensus Estimates as it trades near a...

Search Posts by Tag: JWN | Nordstrom Inc. | Apparel Stores | Services

RSS Feeds by Tag: JWN | Nordstrom Inc. | Apparel Stores | Services |

Other Posts by: vitalstocks | RSS Feed for this author