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Here's Why Nordstrom (JWN) is a Great Momentum Stock to Buy
ZACKS· 2024-12-30 18:01
Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify stocks with strong momentum, taking into account price changes and earnings estimate revisions [4][5] Group 2: Nordstrom (JWN) Performance - Nordstrom currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy) [2][5] - Over the past week, JWN shares increased by 5.82%, while the Zacks Retail - Apparel and Shoes industry declined by 1.16% [7] - In the last month, JWN's price change was 6.61%, outperforming the industry's 0.54% [7] - Over the past quarter, JWN shares rose by 10.2%, and over the last year, they increased by 31.22%, compared to the S&P 500's gains of 4.46% and 26.4%, respectively [8] Group 3: Trading Volume and Earnings Outlook - JWN's average 20-day trading volume is 2,815,753 shares, indicating a bullish sign when combined with rising stock prices [9] - In the past two months, 5 earnings estimates for JWN moved higher, while 3 moved lower, raising the consensus estimate from $1.89 to $1.94 [11] - For the next fiscal year, 7 estimates have increased with no downward revisions, indicating positive earnings outlook [11] Group 4: Conclusion - Given the strong performance metrics and positive earnings revisions, JWN is positioned as a solid momentum pick and should be considered for investment [12]
Is Nordstrom (JWN) Stock Undervalued Right Now?
ZACKS· 2024-12-30 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Nordstrom (JWN) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-12-30 14:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
Here's Why Nordstrom Might be Undervalued Retail Play of the Year
ZACKS· 2024-12-27 19:46
Nordstrom, Inc. (JWN) , emerges as an attractive value opportunity in the  Retail - Apparel and Shoes industry, trading at a forward 12-month price-to-earnings ratio of 12.20X, below the industry average of 20.44X and the Retail-Wholesale average of 25.17X. The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the Retail-Wholesale sector.JWN P/E Performance Image Source: Zacks Investment Research The Seattle-based fashion retailer, JWN’s st ...
The Nordstrom Tale
The Motley Fool· 2024-12-27 19:24
We've also got information for investors looking to use options.In this podcast, Motley Fool analyst Jim Gillies and host Ricky Mulvey discuss:Why luxury department stores are struggling.Disney spending $645 million to make two seasons of Star Wars: Andor.What investors should consider before using options to generate income.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our beginner's guide to investing in stocks. A full tran ...
Nordstrom (JWN) Up 7% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-12-26 17:35
It has been about a month since the last earnings report for Nordstrom (JWN) . Shares have added about 7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Nordstrom due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Nordstrom Q3 Earnings Beat, Rack Banner Sales Increa ...
Nordstrom Family Regains Control Of Namesake Company With Help From Mexican Retail Giant Liverpool
Forbes· 2024-12-26 16:50
Core Insights - The Nordstrom family is set to regain control of the retail company through a $6.25 billion all-cash deal, marking a significant shift after over 50 years as a public entity [15][16][21] - The deal involves a partnership with Mexican retail giant El Puerto de Liverpool, which will hold a 49.9% stake after a $300 million investment in 2022 [1][15] - The privatization aims to allow the Nordstrom family to focus on long-term strategies without the pressures of public market scrutiny [21] Company Performance - Nordstrom's revenues declined from $15.1 billion in 2022 to $14.2 billion in fiscal 2023, with flagship Nordstrom sales down 8% to $9.4 billion [7][5] - The Nordstrom Rack chain has been a growth driver, with net sales up 4.6% in the most recent quarter and revenues reaching $10.7 billion for the first nine months of the year [8][9] - The company operated 381 stores, with 280 being Nordstrom Rack locations, which generated $3.7 billion in sales compared to $6.6 billion from Nordstrom [9][8] Strategic Changes - The Nordstrom family plans to guide the company with a controlling 50.1% interest post-privatization, focusing on enhancing customer experience and operational improvements [16][21] - Liverpool's operational expertise, particularly in credit card services, may help boost Nordstrom's financial performance, as Liverpool's credit card business accounts for a significant portion of its sales [18][23] - The partnership is expected to bring logistical efficiencies, with Liverpool operating seven centralized fulfillment centers and generating 25% of its retail revenue from digital sales [12][10] Market Context - The luxury retail sector faces increasing competition, particularly from the recent merger of Saks Fifth Avenue and Neiman Marcus, which may intensify pressures on Nordstrom's luxury offerings [25] - The Mexican-American consumer segment is growing rapidly, presenting potential opportunities for Nordstrom as it navigates its new ownership structure [24]
Nordstrom Inks a Deal Worth $6.25 Billion in Cash to go Private
ZACKS· 2024-12-24 17:46
Nordstrom, Inc. (JWN) has been focused on driving Nordstrom banner growth, optimizing operations and building momentum at the Rack banner.In the latest revelation, Nordstrom has inked an agreement under which Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (together, the "Nordstrom Family") and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool) will acquire the entire outstanding shares of the company. These shares are not beneficially owned by the Nordstrom Family and Liverpool in an ...
Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal
PYMNTS.com· 2024-12-23 18:24
Core Points - The Nordstrom family, along with Mexican retailer Puerto de Liverpool, announced a deal to acquire all of Nordstrom's outstanding common stock, valuing the transaction at approximately $6.25 billion [1][6] - The deal marks a significant shift for Nordstrom, which has been a key player in the retail industry for nearly 125 years, and the family expressed excitement about the new chapter for the business [2][4] - The Nordstrom board unanimously approved the transaction, with Erik and Pete Nordstrom recusing themselves from the decision [6] Company Performance - In the third quarter, Nordstrom reported growth in net and comparable sales, margin expansion, and an increase in the customer base, indicating successful efforts to enhance the customer experience [5] - Both Nordstrom and Nordstrom Rack achieved 4% comparable sales growth, with digital sales growing over 6%, reflecting positive momentum in the online business [9] - The company has seen positive total net sales growth for four consecutive quarters, driven by customer response to new brand selections [9] Historical Context - The Nordstrom family has previously expressed interest in taking the company private, with discussions dating back to 2017 when a special committee was formed to consider buyout deals [7][4] - In March of the current year, reports indicated renewed interest from the Nordstrom family in pursuing a go-private deal [4]
Nordstrom family to take high-end retail chain private in $4B deal: ‘Exciting new chapter ‘
New York Post· 2024-12-23 17:02
Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers are grappling with slow demand.The company’s shareholders will get $24.25 for each share they own, Nordstrom said on Monday, an increase from a $23 offer made by the parties in September for shares they did not already own.The Nordstrom family will retain majority ownership of the company with 50.1%, while the remai ...