Finance

Nordstrom websites boost same-store sales, shares jump

Nordstrom websites boost same-store sales, shares jump

Gemmer Asset Management LLC now owns 2,252 shares of the specialty retailer's stock valued at $105,000 after buying an additional 18 shares in the last quarter. Sales from Nordstrom Rewards customers represented 56 percent of second quarter sales, compared with 48 percent a year ago. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for EXC and estimated EPS for next quarter is $ 0.89.

Nordstrom expects full-year earnings to be $2.85 to $3 per share.

Having a price of $44.87, Nordstrom (NYSE:JWN) traded -0.31% lower on the day. Redwood Invs Ltd has invested 1.09% in Nordstrom, Inc. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 21.20 and a beta of 0.83. The company has a 50 day moving average price of $47.43 and a 200-day moving average price of $45.44.

Analyst's ratings play a very important role in outlining a stock's performance. TheStreet cut Nordstrom from a "b-" rating to a "c" rating in a research report on Thursday, May 11th. Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the stock a "hold" rating in a research report on Saturday, May 13th. Maxim Group maintained the stock with "Buy" rating in Friday, May 12 report. Robert W. Baird set a $50.00 target price on Nordstrom and gave the stock a "hold" rating in a report on Saturday, May 13th. Five investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and seven have given a buy recommendation to the company.

IHOP, Applebees closing more than 100 restaurants
He takes over for Dahl, the board chairman who stepped in on an interim basis when former CEO Julia Stewart resigned in February. The Los Angeles Times reports that the company initially planned to shutter 40 to 60 Applebee's locations.

TRADEMARK VIOLATION NOTICE: This article was reported by Transcript Daily and is the sole property of of Transcript Daily. (NYSE:JWN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law. The original version of this news story can be accessed at https://baseballnewssource.com/markets/13480-shares-in-nordstrom-inc-jwn-acquired-by-parkwood-llc-updated/1329891.html.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. now owns 8,021,009 shares of the specialty retailer's stock worth $373,537,000 after buying an additional 7,689,800 shares during the period. Global X Management Co.

Dean Investment Associates Llc increased Dillards Inc (NYSE:DDS) stake by 9,505 shares to 53,505 valued at $3.35M in 2016Q4. While the company's share hit the 52 week high on 11/14/16 stationing the value of $62.82. Mosaic Family Wealth LLC boosted its position in shares of Nordstrom by 3.8% in the first quarter. Scopus Asset Management L.P. now owns 600,000 shares of the specialty retailer's stock valued at $27,942,000 after buying an additional 200,000 shares in the last quarter. Norges Bank purchased a new position in Nordstrom during the fourth quarter valued at $108,878,000. Moreno Evelyn V boosted its position in Nordstrom by 6.9% in the first quarter. Citigroup initiated the stock with "Buy" rating in Wednesday, October 7 report. Moreover, Princeton Capital Management Inc has 0.06% invested in the company for 40,170 shares. Dean Investment Associates Llc sold 81,121 shares as Nordstrom Inc (JWN)'s stock declined 10.77%. The Company's segments include Retail and Credit.


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