Nordstrom Balances Strong Holiday Sales And Competition, Analysts Highlight Margin Pressure

Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on Nordstrom Inc JWN with a price target of $24.00.For the nine-week period ending January 4, 2025, the company reported a 4.9% year-over-year increase in total net sales, outperforming the previous consensus estimate of a 4.7% decline for the fourth quarter, per the analyst.Same-store sales at the group level rose by 5.8% year-over-year, surpassing the consensus estimate of a 3.5% decline for the quarter.Following stronger-than-an ...