But shares of the stock tumbled after-hours, as investors digested the industry's health overall amid a slew of weaker-than-expected same-store sales results, implying lighter foot traffic in malls. (NYSE:JWN)'s stock is experiencing unusual volume during today's trading.
It was down to $46.21, 7.60%, at 4:32, EDT. 1706227 shares were traded on Nordstrom, Inc.'s last session. The consensus estimates call for $0.35 in EPS on $5.47 billion in revenue. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.36 billion.
A total of 26 analysts have released a report on Nordstrom Inc. (JWN) touched the day high at $50.04 while its day Low was at $48.70. We are reaching the point in the earnings season when most retail companies will report, and this has the potential to right some of the losses this year. Synovus Financial Corp now owns 3,070 shares of the specialty retailer's stock worth $158,000 after buying an additional 24 shares during the period.
Nordstrom, Inc. (NYSE:JWN), announced it will hire 400 local employees for its new CF Sherway Gardens store in Toronto, which will open its doors on Friday, September 15.
Receive Nordstrom, Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom, Inc. with MarketBeat.com's FREE daily email newsletter. Equities research analysts forecast that Nordstrom, Inc. will post $2.92 earnings per share for the current fiscal year.
Spirit Realty Capital, Inc. (NYSE:SRC) Under Analyst Spotlight
Guggenheim Limited Liability holds 0.02% or 686,632 shares in its portfolio. 62,021 were accumulated by Cibc Asset Management. The stock of Spirit Realty Capital, Inc (New) (NYSE: SRC ) has "Underperform" rating given on Friday, May 5 by Mizuho.
Retail EBIT increased $25 million compared with the same quarter a year ago. (NYSE:JWN). Smith Asset Mgmt Grp Inc L P, a Texas-based fund reported 1.34M shares. The brokerage presently has a $58.00 price target on the specialty retailer's stock, up from their prior price target of $45.00. 1,096,879 shares of the stock were exchanged.
In the Nordstrom brand, including USA and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, decreased 1.7 percent and comparable sales decreased 2.8 percent. Revenue climbed 3% to $3.35 billion, which was a little bit better than the $3.34 billion in sales that investors had expected to see. Gemmer Asset Management LLC raised its stake in Nordstrom by 0.8% in the first quarter. The stock was sold at an average price of $47.01, for a total transaction of $348,955.23. (NYSE:JWN) had their rating indicated by analysts at Gordon Haskett. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Following the sale, the president now owns 2,115,346 shares in the company, valued at approximately $100,478,935.
Nordstrom makes up 1.1% of the SPDR S&P Retail ETF (XRT). The disclosure for this sale can be found here. Raab & Moskowitz Asset Management LLC now owns 8,124 shares of the specialty retailer's stock valued at $421,000 after buying an additional 51 shares during the last quarter. Insiders sold 19,333 shares of company stock valued at $888,010 over the last 90 days. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business.
Several hedge funds have recently modified their holdings of JWN.
He also noted the company's unique product lines, its appeal to higher-end customers and the number of ways it has to attract them.
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