Nordstrom, Inc. Stock Falls 6% on Weak Same-Store Sales Growth

Lloyd Doyle
May 18, 2018

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, March 1st.

Nordstrom's miss comes on the same day as rival JC Penny's also posted comparable store-sales that fell short of analysts' estimates. Following the transaction, the insider now directly owns 124,619 shares of the company's stock, valued at $6,106,331. Meadow Creek Investment Management LLC grew its position in Nordstrom by 7.7% in the fourth quarter. Nordstrom Inc had 13 analyst reports since December 21, 2017 according to SRatingsIntel. Flippin Bruce & Porter Inc. now owns 114,077 shares of the specialty retailer's stock worth $5,405,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Global X Management Co. Following the sale, the chief marketing officer now owns 61,858 shares of the company's stock, valued at approximately $3,092,900.

Institutional investors now hold around $4.84 billion or 61.3% in JWN stock. (NYSE:JWN) were released by: Seekingalpha.com and their article: "Macy's lights up retail sector with "healthy" report" published on May 16, 2018 as well as Benzinga.com's news article titled: "Upcoming Earnings: Department Store Macy's Reports On Wednesday Morning" with publication date: May 15, 2018. In Wednesday, March 21 report Susquehanna maintained it with "Hold" rating and $45.0 target. Piper Jaffray set a $48.00 price target on Nordstrom and gave the company a "hold" rating in a research report on Thursday, March 1st. In Wednesday, January 10 report KeyBanc Capital Markets maintained the stock with "Buy" rating. ValuEngine lowered Nordstrom from a "hold" rating to a "sell" rating in a research note on Friday, May 11th. "Buy" rating has 2, "Sell" are 0, while 8 are "Hold". William Blair downgraded the stock to "Hold" rating in Tuesday, January 23 report. The category now accounts for 29 percent of all sales, up from 25 percent a year ago, a number that could grow to a third if the trend continues as e-commerce gains market share and Nordstrom continues to invest in its digital offerings. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 2.40 and a beta of 0.82. Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.92 average brokerage recommendation.


Nordstrom Inc. (NYSE:JWN) closed its last session at $51.05. Analysts are forecasting earnings of $0.44 on a per share basis this quarter. The company's quarterly revenue was up 8.4% compared to the same quarter past year. On Tuesday, January 2 JP Morgan upgraded Nordstrom, Inc. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.57 billion. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Investors of record on Friday, May 18th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, May 17th. Based on Nordstrom Inc's current price of $49.86, the dividend is 0.74 %.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $50.00, for a total value of $509,300.00. The disclosure for this sale can be found here. Ubs Asset Management Americas owns 616,690 shares for 0.02% of their portfolio.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada.The firm is worth $8.37 billion. It operates through two divisions, Retail and Credit.19.25 is the P/E ratio. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

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