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Nordstrom Inc Add to portfolio

INX:JWN, Jul 16, 09:45 UTC

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Friday, July 13


News

Nordstrom: A 'Powerful and Unique' Retailer

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Shares of Nordstrom (JWN) fell earlier this week following its investor day, and the retailer's website and app experienced outages during early access to a big anniversary sale yesterday for the second year in a row. Chen has a Market Perform rating on Nordstrom shares, citing lower same-store sales and operating margins, but that doesn't mean he's not impressed with their long-term strategy. "The broader lesson for retail is our prediction that customer 'context' and 'engagement' will drive long-term competitive advantages for retailers–and there will be winners, consolidators–and losers." He thinks that Nordstrom will find success with its strategy, but in an environment that's becoming closer to a zero-sum game, that's a problem for rivals.

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3 Big Stock Charts for Friday: Kansas City Southern, Nordstrom and TJX Companies

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The market is ultimately saying Broadcom is overpaying for the headache of integrating the two companies, however, as AVGO shares ended Thursday’s action in the red to the tune of 13.7%. Wise traders will remain focused the best trading setups, which for Friday include TJX Companies (NYSE:TJX), Nordstrom (NYSE:JWN) and Kansas City Southern (NYSE:KSU). There has been a broad revival from most retailers that survived the retail apocalypse. Whether discounter TJX Companies was immune to that apocalypse or just better-positioned to capitalize on the recovery is a matter up for debate. Either way, TJX shares have rallied a little too far, too fast, and this week have started to struggle under the weight of that big move. • The monthly chart shows an overbought condition based on RSI… something rarely seen in that timeframe from a stock like TJX Companies (and certainly rarely seen for long). Nordstrom (JWN).

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Thursday, July 12


News

Nordstrom Anniversary Sale 2018: 6 Things to Know

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InvestorPlaceJuly 12, 2018, 6:27 PM GMT. Nordstrom (NYSE:JWN) announced that the company is running its annual Nordstrom Anniversary Sale this year. The company said that its retail sale will offer a number of deep discounts on some of its best apparel items and the sale is only eight days away as it launches Friday, July 20, running through Monday, Aug. 6. Although the sale technically opens to the public on the 20th, company card holders will have early access to the Nordstrom Anniversary Sale starting on Thursday, July 12. The sale is a special one because it’s not a close out sale or a seasonal when due to the fact that the company needs to get rid of some old inventory. Brands offering items at a discount include Theory, MCM, Topshop, Nike and Alo Yago. Nordstrom in-house brands including Halogen and Zella are also offering sales.

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Nordstrom is banking on cooler brands to defy the department-store curse (JWN)

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Co-president Erik Nordstrom told investors at the company's annual Investor Day this week that these partnerships not only help drive traffic to stores, but are also less vulnerable to promotions. The goal is to reverse the headwinds that department stores as a whole have faced in recent years. In an effort to react to this shift, Nordstrom has broadened its assortment in some stores by partnering with a selection of so-called "strategic" or aspirational brands such as Allbirds, Everlane, and most recently, Reformation.

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Wednesday, July 11


News

Wait until there's real revenue growth before buying Nordstrom: Trader

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CNBC11 July 2018, 20:24 GMT. Nordstrom shares have more than tripled the return in the S&P 500 this year and there’s still another 10 percent rally ahead, according to Telsey Advisory Group. “Post the company’s investor meeting held yesterday in Los Angeles, we came away with renewed optimism around Nordstrom’s longer-term growth trajectory,” analyst Dana Telsey wrote in a note to clients Wednesday. “This space is all about revenue growth… and you’re not going to know if revenue is growing sufficiently to meet those targets until later in the year,” Lebenthal said on Wednesday's " Halftime Report ". “I think you wait until at least September when you get the back-to-school figures.”. For investors looking for opportunities in the retail sector, Lebenthal prefers Macy’s and Target , as both “have better prospects and lower multiples [than Nordstrom].”. Nordstrom currently trades at 15 times next 12-months’ earnings, while Target trades at 14 times and Macy’s at 10 times.

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Should You Buy Into Nordstrom's (JWN) Ambitious Growth Plans?

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Shares of Nordstrom JWN slipped as much as 6% Tuesday after the firm laid out an ambitious five-year growth strategy “to be the best fashion retailer in a digital world.” ahead of its Investor Day meeting. In its most recent earnings report, Nordstrom saw earnings of $0.51 per share on revenues of $3.56 billion, representing a 37.8% and 5.8% respective year-over-year increase. Four of the stores were part of its full-price division and are located in New York City, Toronto, and Calgary, while the other four are its off-price Nordstrom Rack line. Nordstrom projects $1 billion in sales opportunity from its Canada expansion by 2020. Earlier this year, the Nordstrom family attempted to take the company private through a $50 per share purchase proposal, representing a slight discount to the nearly $52 per share at the time. However, the board of directors turned down the deal, feeling that it was not in the best interest of the company.

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Here’s Why Nordstrom Stock Has Missed Out on the Retail Rally

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The narrative has sharply reversed course from Amazon (NASDAQ:AMZN) killing all of retail to traditional retailers fighting back by remodeling their stores, building out omni-channel sales capability, incorporating more loyalty perks, and discounting prices to reasonable-yet-attractive levels. A few years back, every retailer was reporting negative comparable sales growth and margin compression. Management gave a solid long-term update on sales and earnings growth outlook at the company’s Investor Day. But, JWN stock dropped sharply in response. While this recent dip may present a buying opportunity, I really don’t think JWN stock is worth much more than $55 today. Overall, the numbers are improving at Nordstrom, just like they are improving elsewhere in retail. But JWN stock isn’t rallying like other retail stocks.

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Steady Sales Growth Could Drive Big Gains for Nordstrom Investors

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With Nordstrom's status as a public company now settled, management held an investor day on Tuesday to discuss the company's long-term strategy and financial targets. Nordstrom's sales growth has slowed during the past few years, following a period of rapid gains between 2009 and 2015. The idea is to bring services that can't be replicated online closer to customers. Nordstrom recently announced that it will open two more Nordstrom Local locations in Los Angeles later this year, before expanding to New York in 2019. Nordstrom plans to open two more Nordstrom Local stores this fall. That's modest compared to the high-single-digit annual revenue growth that Nordstrom was achieving just a few years ago, but well ahead of the 1% expected growth rate for the apparel and footwear market as a whole. In fact, Nordstrom projects that it will spend a cumulative $1.3 billion on dividends and $3.7 billion on share repurchases between 2018 and 2022. For reference, Nordstrom's market cap is currently less than $9 billion. Assuming an average share buyback price of $70, well above Nordstrom's current stock price of roughly $52, $3.7 billion of share repurchases would be enough to reduce the share count by 30% or more. As a result, by the end of 2022, annual free cash flow of $1 billion would translate to free cash flow per share of more than $8. If Nordstrom can execute its buybacks at a lower average price, free cash flow per share could even surpass $9.

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Why Nordstrom Stock Fell on July 10

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Nordstrom (JWN) stock fell 2.7% on July 10 following a rating downgrade by KeyBanc Capital Markets. On July 10, KeyBanc Capital Markets lowered its rating for Nordstrom stock to “sector weight” from “overweight.” The downgrade reflected Amazon (AMZN) and other e-commerce retailers’ strength in the apparel space. Nordstrom has been making significant investments to enhance its online capabilities.

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