TRENDING KEYWORDS
Nordstrom (JWN, $32.00) earnings missed expectations, despite revenue beat
Nordstrom reported quarterly earnings that fell short of analysts’ expectations, amid rising labor costs hurting profits.
The retail company’s earnings for the three months ending October came in at 39 cents vs. 56 cents expected by analysts polled by Refinitiv.
Revenue of $3.64 billion, however, topped expectations of $3.55 billion.
The company’s namesake department store brand’s revenue rose +11% year-over-year. At Nordstrom Rack, an off-price division, revenue rose +35% from a year ago.
Digital sales (representing 40% of the business) plunged -12% year over year and rose +20% on a two-year basis. Nordstrom mentioned that its annual Anniversary Sale (which takes place primarily online) was moved entirely into the third quarter last year; however, this year it only fell during one week of the quarter.
JWN sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day Moving Average for JWN moved above the 200-day moving average on May 19, 2022. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Current price $23.54 crossed the support line at $19.57 and is trading between $29.94 resistance and $19.57 support lines. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -13% Downtrend, while the week of 05/18/22 - 05/25/22 shows a +5% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where JWN's RSI Oscillator exited the oversold zone, 20 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 47 of 54 cases where JWN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 87%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on JWN as a result. In 84 of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
Following a +3.46% 3-day Advance, the price is estimated to grow further. Considering data from situations where JWN advanced for three days, in 219 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
JWN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
JWN moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for JWN crossed bearishly below the 50-day moving average on May 09, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 74%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JWN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
The Aroon Indicator for JWN entered a downward trend on May 25, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 79%. During the last month, the daily ratio of advancing to declining volumes was 1.03 to 1.
The Tickeron SMR rating for this company is 7 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 32 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: JWN's P/B Ratio (6.427) is slightly higher than the industry average of (2.267). P/E Ratio (10.341) is within average values for comparable stocks, (118.331). Projected Growth (PEG Ratio) (0.311) is also within normal values, averaging (1.079). JWN has a moderately low Dividend Yield (0.008) as compared to the industry average of (0.031). P/S Ratio (0.251) is also within normal values, averaging (0.726).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 56 (best 1 - 100 worst), indicating fairly steady price growth. JWN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. JWN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.
A department store sells a wide variety of consumer goods under different “departments,” including (but not necessarily limited to) apparel, household appliances, home furnishings, personal care products, cosmetics, consumer electronics. During healthy macroeconomic conditions, consumers typically won’t shy away from big-ticket purchases; but during a downturn, consumer spending might get limited to the most necessary/daily essentials. Several department stores purchase items on bulk from manufacturers for resale to consumers at a profit. Some of the largest department stores companies in the U.S. include Kohl's Corporation, Macy's Inc., and Ollie's Bargain Outlet Holdings Inc.
The average market capitalization across the Department Stores Industry is 3.9B. The market cap for tickers in the group ranges from 208.1K to 12.3T. MHRTF holds the highest valuation in this group at 12.3T. The lowest valued company is BONT at 208.1K.
The average weekly price growth across all stocks in the Department Stores Industry was -2.51%. For the same Industry, the average monthly price growth was -6.33%, and the average quarterly price growth was -15.08%. PMDKY experienced the highest price growth at 6.71%, while DDS experienced the biggest fall at -27.22%.
- 5/18/22 5:18 AM: Nordstrom (JWN, $24.82) was a top weekly gainer, with a +7.12% jump
- 4/23/22 4:20 AM: Nordstrom (JWN, $26.35) was a top loser this week, declining -8.67%
- 3/10/22 6:33 AM: Nordstrom (JWN, $24.02) was a top loser this week, declining -10.81%
The average weekly volume growth across all stocks in the Department Stores Industry was 128.51%. For the same stocks of the Industry, the average monthly volume growth was 119.9% and the average quarterly volume growth was -37.97%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 51%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.14.
3 stocks in the group of tickers exhibit a similar negative trend based on the 15 indicator with an average likelihood of 80%.
The most notable companies in this group are Macy's (NYSE:M), Kohl's Corp (NYSE:KSS), Nordstrom (NYSE:JWN).
The average market capitalization across the group is 3.8B. The market cap for tickers in the group ranges from 0 to 15.4B. AONNY holds the highest valuation in this group at 15.4B. The lowest valued company is DDT at 0.
The average weekly price growth across all stocks in the group was 0.28%. For the same group, the average monthly price growth was -8.24%, and the average quarterly price growth was -17.06%. JWN experienced the highest price growth at 4.8%, while MAKSF experienced the biggest fall at -7.51%.
- 5/20/22 5:28 AM: Lifestyle International Holdings (LFSYF, $0.51) was a top weekly gainer, with a +16.04% jump
- 5/18/22 5:18 AM: Nordstrom (JWN, $24.82) was a top weekly gainer, with a +7.12% jump
- 5/6/22 5:04 AM: Macy's (M, $23.82) was a top loser this week, declining -7.42%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 104.05%. For the same stocks of the group, the average monthly volume growth was 77.38% and the average quarterly volume growth was 619.57%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Macy's (NYSE:M), Kohl's Corp (NYSE:KSS), Nordstrom (NYSE:JWN).
A department store sells a wide variety of consumer goods under different “departments,” including (but not necessarily limited to) apparel, household appliances, home furnishings, personal care products, cosmetics, consumer electronics. During healthy macroeconomic conditions, consumers typically won’t shy away from big-ticket purchases; but during a downturn, consumer spending might get limited to the most necessary/daily essentials. Several department stores purchase items on bulk from manufacturers for resale to consumers at a profit. Some of the largest department stores companies in the U.S. include Kohl's Corporation, Macy's Inc., and Ollie's Bargain Outlet Holdings Inc.
The average market capitalization across the Department Stores Industry is 4B. The market cap for tickers in the group ranges from 208.1K to 12.3T. MHRTF holds the highest valuation in this group at 12.3T. The lowest valued company is BONT at 208.1K.
The average weekly price growth across all stocks in the Department Stores Industry was -0.06%. For the same Industry, the average monthly price growth was -5.75%, and the average quarterly price growth was -13.33%. PMDKY experienced the highest price growth at 6.71%, while MMRTY experienced the biggest fall at -14.22%.
- 5/20/22 5:28 AM: Lifestyle International Holdings (LFSYF, $0.51) was a top weekly gainer, with a +16.04% jump
- 5/18/22 5:18 AM: Nordstrom (JWN, $24.82) was a top weekly gainer, with a +7.12% jump
- 5/6/22 5:04 AM: Macy's (M, $23.82) was a top loser this week, declining -7.42%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the Department Stores Industry was 55.72%. For the same stocks of the Industry, the average monthly volume growth was 180.62% and the average quarterly volume growth was 122.81%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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