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Aug 25, 2021

Nordstrom (JWN, $37.89) beats fiscal Q2 earnings expectations

Nordstrom  swung to a fiscal-second-quarter profit from the year-ago quarter’s loss.

For the quarter ended July 31, the luxury retail company’s earnings came in at 49 cents a share compared with a loss of -$1.62 a share in the year-earlier quarter. Analysts polled by FactSet expected GAAP earnings of 28 cents a share

Revenue reached $3.66 billion from $1.86 billion. Analysts estimated $3.34 billion.

For the full year, Nordstrom boosted its revenue outlook to 35% from its previous estimate of 25%.

Related Ticker: JWN

JWN saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for JWN moved out of overbought territory on March 01, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 64 similar instances where the indicator exited the overbought zone. In of the 64 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for JWN moved out of overbought territory on February 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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 of 62 cases within the following month. The odds of a continued downward trend are .

JWN broke above its upper Bollinger Band on February 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 12, 2024. You may want to consider a long position or call options on JWN as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for JWN just turned positive on February 12, 2024. Looking at past instances where JWN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JWN advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 192 cases where JWN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (4.669) is slightly higher than the industry average of (2.278). P/E Ratio (28.338) is within average values for comparable stocks, (59.492). Projected Growth (PEG Ratio) (0.439) is also within normal values, averaging (2.556). Dividend Yield (0.036) settles around the average of (0.029) among similar stocks. P/S Ratio (0.232) is also within normal values, averaging (0.699).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. JWN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Profit vs. Risk Rating rating for this company is (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 78, placing this stock worse than average.

Notable companies

The most notable companies in this group are Macy's (NYSE:M), Nordstrom (NYSE:JWN), Kohl's Corp (NYSE:KSS).

Industry description

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.

Market Cap

The average market capitalization across the Department Stores Industry is 4.6B. The market cap for tickers in the group ranges from 208.1K to 12.34T. MHRTF holds the highest valuation in this group at 12.34T. The lowest valued company is BONT at 208.1K.

High and low price notable news

The average weekly price growth across all stocks in the Department Stores Industry was -3%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -3%. TOKUY experienced the highest price growth at 9%, while PKPYY experienced the biggest fall at -59%.

Volume

The average weekly volume growth across all stocks in the Department Stores Industry was -60%. For the same stocks of the Industry, the average monthly volume growth was -60% and the average quarterly volume growth was -65%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 36
P/E Growth Rating: 58
Price Growth Rating: 51
SMR Rating: 59
Profit Risk Rating: 78
Seasonality Score: 2 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a retailer of apparel, shoes, cosmetics and accessories

Industry DepartmentStores

Profile
Fundamentals
Details
Industry
Apparel Or Footwear Retail
Address
1617 Sixth Avenue
Phone
+1 206 628-2111
Employees
60000
Web
https://www.Nordstrom.com
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JWN and

Correlation & Price change

A.I.dvisor indicates that over the last year, JWN has been closely correlated with KSS. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if JWN jumps, then KSS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To JWN
1D Price
Change %
JWN100%
-1.19%
KSS - JWN
75%
Closely correlated
-0.50%
M - JWN
71%
Closely correlated
+3.30%
DDS - JWN
65%
Loosely correlated
-0.88%
DDT - JWN
16%
Poorly correlated
-0.19%
CBD - JWN
13%
Poorly correlated
-3.00%
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