Nordstrom(JWN)

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Nordstrom (JWN) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-11-07 18:00
Nordstrom (JWN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since ...
Best Value Stocks to Buy for November 7th
ZACKS· 2024-11-07 10:40
Here are two stocks with buy rank and strong value characteristics for investors to consider today, November 7th:Nordstrom, Inc. (JWN) : This fashion retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 3.2% over the last 60 days.Nordstrom has a price-to-earnings ratio (P/E) of 12.01, compared with 26.10 for the industry. The company possesses a Value Score of A.LivaNova PLC (LIVN) : This medical device company carries a Zacks Rank #1, and h ...
Best Income Stocks to Buy for November 7th
ZACKS· 2024-11-07 09:56
Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 7th:Meridian Corporation (MRBK) : This holding company for Meridian Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.6%, compared with the industry average of 2.7%.NBT Bancorp Inc. (NBTB) : This banking company has witnessed the Zacks Consensus Estimate for its next year earnings ...
Nordstrom to Report Third Quarter 2024 Financial Results on November 26
Prnewswire· 2024-11-05 21:05
SEATTLE, Nov. 5, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its third quarter 2024 financial results after the close of the financial markets on Tuesday, November 26, 2024. The announcement will be followed by a conference call at 4:45 p.m. EST, in which senior management will provide a business update and discuss the company's third quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at inv ...
Nordstrom Stock Trades Near 52-Week High: Is it Time to Buy or Hold?
ZACKS· 2024-10-29 18:40
Nordstrom, Inc. (JWN) has capitalized on momentum-driven factors, including robust growth at its flagship Nordstrom banner, operational efficiencies and a turnaround strategy at Nordstrom Rack. The Rack's improvement has contributed to Nordstrom's recent gains, as it plays a key role in attracting value-conscious shoppers and diversifying revenue streams. Closing yesterday's trading session at $23.22, the shares of Nordstrom are currently trading near the 52-week high of $24.93 attained on Oct. 18, 2024. Th ...
Nordstrom Expands Presence in Florida: Two New Stores to be Opened
ZACKS· 2024-10-23 18:06
Nordstrom, Inc. (JWN) has revealed plans to open two new Nordstrom Rack stores in Florida. The stores, set to open in Melbourne in fall 2025 and Sarasota in spring 2026, are part of the company's ongoing expansion strategy. The upcoming 24,000-square-foot Nordstrom Rack store in Melbourne will be located at The Avenue Viera, a well-known shopping center featuring retailers like Lululemon, Sephora, Lilly Pulitzer and Sur La Table. The Avenue Viera is owned and managed by WS Development and is ideally located ...
Nordstrom Rack to Open Two New Florida Stores in Melbourne and Sarasota
Prnewswire· 2024-10-22 16:00
SEATTLE, Oct. 22, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open two new Nordstrom Rack stores in Florida. The new stores will be located in Melbourne and Sarasota, which will open in fall 2025 and spring 2026, respectively. "We look forward to being a part of the Melbourne and Sarasota communities and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to gr ...
Nordstrom Rack to Open New Location in Prosper, Texas
Prnewswire· 2024-10-08 16:00
SEATTLE, Oct. 8, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Prosper, Texas, in fall 2025. "We look forward to being a part of the Prosper community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Dallas market and introduce new customers to the Nordstrom experience." Lionello added that in this ...
Nordstrom Rises 63% in a Year: Time to Buy, Sell or Hold the Stock?
ZACKS· 2024-10-07 18:55
Nordstrom, Inc. (JWN) stock has been trending up the charts in the past year, recording growth of 63.3%. This upside comfortably outpaces the broader Retail-Wholesale sector's return of 38% and the Zacks Retail - Apparel and Shoes industry's 37.3% growth in the same period. JWN's shares also surpassed the S&P 500 index's appreciation of 34.2% in the same time. The company is benefiting from digital initiatives, optimizing operations and momentum at the Rack banner. Currently priced at $21.97, JWN stock is t ...
Nordstrom's Expansion Strategy on Track: New Rack Store Opening in MA
ZACKS· 2024-10-02 14:35
The Seattle-based fashion retailer, Nordstrom, Inc. (JWN) , is set to open a Nordstrom Rack store in Hyannis, MA, in fall 2025. The upcoming 25,000-square-foot store will be located in The Landing Shopping Center, a prominent retail destination, featuring major retailers, such as Whole Foods, Panera Bread, Old Navy and The Paper Store. The new Rack store is expected to serve the Hyannis community, attracting customers through its wide range of high-quality brands at affordable prices. The evolution of Nords ...