Últimas noticias sobre Nordstrom (NYSE:JWN) Bolsa

Nordstrom

Nordstrom is a fashion retailer that operates about 93 department stores and 280 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and six Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family. They have partnered with Mexican retailer El Puerto de Liverpool to acquire the company.

NVDA

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: NVDA, JWN, HPQ, BOX y SJM.

5 acciones en el foco este miércoles: NVDA, JWN, HPQ, BOX y SJM

Earnings

News

Pre-Market Outlook

Markets

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AAPL

SCSC

XWEL

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este martes: SCSC, XWEL, PVH, AAPL y JWN.

5 acciones en el foco este martes: SCSC, XWEL, PVH, AAPL y JWN

Nordstrom Inc

Foot traffic at retailers soared on Dec. 21, the Saturday before Christmas. Here's a look at the potential winners from the last week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42273676/walmart-target-bath-body-works-stand-out-as-black-friday-winners-analysts">of holiday shopping.</a>
What Happened: Foot traffic at retailers was up an average of 58% compared to daily averages in 2024, a trend that could see retail stocks benefit for the 2024 <a href="https://www.benzinga.com/news/24/11/42247997/walmart-shoppers-shun-electronics-for-black-friday-deals-on-eggs-bread-slippers">holiday shopping season.</a>
The 58% gain to the daily average, <a href="https://www.placer.ai/blog/super-saturday-2024-recap">reported </a>by Placer.ai, is higher than the 51.1% gain over the daily average seen on Black Friday. Sunday, Dec. 22, also saw retail foot traffic up 38.2% to the daily average.
While foot traffic was up compared to the daily average for the year, the 58% gain was smaller than last year's Super Saturday, which saw a 74.4% increase from the daily average. The caveat with last year's data is that Super Saturday was Dec. 23, one of the last remaining shopping days before Christmas.
Among the potential biggest winners for this year's Christmas shopping season could be department stores, based on the report.
Overall foot traffic to department stores was up 128.7% compared to the Saturday 2024 daily average, surpassing last year&#8217;s 119.4% increase over the 2023 Saturday average.
Among the department stores tracked by Placer.ai, these were the year-over-year visit growth:
<ul>
<li>Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>): +8.8%</li>
<li>Bloomingdale's, a unit of Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>): +4.7%</li>
<li>JCPenney: +1.3%</li>
</ul>
The report also found that recreational and sporting goods stores, beauty and self-care stores and other specialty categories saw strong traffic gains. Here's a look at some of the retailers tracked and the foot traffic gains on a year-over-year basis to last year's Super Saturday:
<ul>
<li>Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>): +7.3%</li>
<li>T.J. Maxx, a unit of TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>): +4.6%</li>
<li>Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>): +4.2%</li>
</ul>
The report found that superstores, grocery stores, and discount retailers saw lower year-over-year growth due to last year's timing of Super Saturday being so close to Christmas.
Indoor shopping malls like those owned by Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) may have also benefitted from Super Saturday. Placer.ai data shows that foot traffic to indoor malls was up 177.1% on Super Saturday compared to the 2024 daily average.
Read Also: <a href="https://www.benzinga.com/general/education/24/12/42678116/if-you-gifted-your-family-100-in-bitcoin-dogecoin-and-ethereum-last-christmas-heres-how-much-they-would-have-this-christmas-2">If You Gifted Your Family $100 In Bitcoin, Dogecoin And Ethereum Last Christmas, Here&#8217;s How Much They Would Have This Christmas</a>
Why It's Important: Ahead of Super Saturday, the National Retail Foundation <a href="https://nrf.com/media-center/press-releases/157-million-consumers-to-shop-on-super-saturday">estimated </a>that 157.2 million consumers would shop on the shopping holiday based on an annual survey.
The figure comes in higher than the 141.9 million Super Saturday shoppers in 2024 and is the second highest figure over the last nine years, trailing only 158.5 million in 2022.
"Super Saturday is one of the last opportunities during the holiday season for consumers to get the remaining items on their shopping list," NRF Vice President of Industry and Consumer Insights Katherine Cullen said.
Cullen cited the shortened holiday shopping season, due to Thanksgiving falling late in November, boosting the odds of last-minute shoppers.
The survey found that 69.5 million people plan to shop both in-store and online, up from 58.3 million in 2023. The amount of people exclusively shopping in-store was down in the survey from 37% to 31%, while the percentage of people who said they would shop exclusively online increased from 22% to 24%.
Similar to the results above, the NRF survey highlighted department stores as potential winners on Super Saturday, with 37% of shoppers saying they planned to finish their holiday shopping there.
Finishing shopping online was the most popular response at 49%, with discount stores named by 27% of consumers and clothing and accessory stores named by 25% of consumers.
The NRF survey found the most popular gift purchases were clothing and accessories (50%), toys (32%), gift cards (26%) and books, video games and other media (24%).
The shortened holiday shopping season could have been good for retailers with more foot traffic each day and especially on the weekends. The key will be if the daily increase is enough to offset the lower number of total shopping days between Thanksgiving and Christmas.
The post-Christmas shopping time could also see a boost, with 71% of consumers in the survey saying they planned to shop after Christmas, similar to last year's survey.
NRF estimates that the entire holiday shopping season of Nov. 1 through Dec. 31 is expected to be up 2.5% to 3% from 2024, hitting a record range of $979.5 billion to $989 billion.
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Photo: Shutterstock

FIVE

OLLI

Super Saturday Foot Traffic Surges, Sales Hit $157 Million: Potential Winners Emerge

WIIM

BOOT

DLTR

ULTA

Shares of retail stocks are trading higher in possible reaction to Mastercard SpendingPulse data, which showed US retail sales grew 3.8% in the holiday season.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>DA Davidson cut Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) price target from $55 to $54. DA Davidson analyst Brandon Rolle maintained a Neutral rating. Winnebago shares closed at $47.99 on Monday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut the price target for Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) from $78 to $77. Evercore ISI Group analyst Steve Sakwa maintained an In-Line rating. Regency Centers shares closed at $73.75 on Monday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group lowered the price target for Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from $26 to $24. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating. Nordstrom shares closed at $24.17 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. boosted the price target for BTCS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) from $3 to $5. HC Wainwright &amp; Co. analyst Kevin Dede maintained a Buy rating. BTCS shares closed at $2.47 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs boosted CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) price target from $372 to $415. Goldman Sachs analyst Gabriela Borges maintained a Buy rating. CrowdStrike shares settled at $361.50 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group cut Brixmor Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) price target from $32 to $31. Evercore ISI Group analyst Samir Khanal maintained an In-Line rating. Brixmor Property shares closed at $27.53 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson slashed Destination XL Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) price target from $3.5 to $3. DA Davidson analyst Michael Baker maintained a Buy rating. Destination XL shares closed at $2.61 on Monday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods raised the price target for Berkshire Hills Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) from $32 to $34.5. Keefe, Bruyette &amp; Woods analyst Christopher O&#8217;Connell maintained a Market Perform rating. Berkshire Hills Bancorp shares settled at $28.60 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities cut OptimizeRx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) price target from $17 to $13. B. Riley Securities analyst Neil Chatterji maintained a Buy rating. OptimizeRx shares closed at $4.83 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Enanta Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTA#NASDAQ">ENTA</a>) price target from $27 to $18. HC Wainwright &amp; Co. analyst Ed Arce maintained a Buy rating. Enanta Pharmaceuticals shares closed at $6.37 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Price Target

Analyst Ratings

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CrowdStrike To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Tuesday

Ratings for Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $22.21, a high estimate of $26.00, and a low estimate of $14.50. This current average has increased by 4.32% from the previous average price target of $21.29. 
<img src="https://www.benzinga.com/files/images/story/2024/1735041643_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Nordstrom by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$14.50</td>
<td>$13.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$26.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nordstrom. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Nordstrom compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Nordstrom's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Nordstrom's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/JWN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Nordstrom analyst ratings.</a>
<h2>Delving into Nordstrom's Background</h2>
Nordstrom is a fashion retailer that operates about 93 department stores and 280 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and six Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.
<h3>Nordstrom's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Nordstrom's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2024, the company achieved a revenue growth rate of approximately 4.34%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Nordstrom's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 1.33%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Nordstrom's ROE stands out, surpassing industry averages. With an impressive ROE of 4.75%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Nordstrom's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.51%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Nordstrom's debt-to-equity ratio surpasses industry norms, standing at 4.37. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Have This To Say About Nordstrom

Telsey Advisory Group analyst Dana Telsey maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Market Perform and lowers the price target from $26 to $24.

Telsey Advisory Group Maintains Market Perform on Nordstrom, Lowers Price Target to $24

Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares are trading lower. The company on Monday announced that the Nordstrom Family and Liverpool will acquire <a href="https://www.benzinga.com/pressreleases/24/12/n42646178/nordstrom-to-be-acquired-by-nordstrom-family-and-liverpool">all outstanding common shares of Nordstrom</a>. 
What To Know: Nordstrom said it signed a definitive agreement under which Erik, Pete, Jamie, other members of the Nordstrom family and Liverpool will acquire all shares not already owned by the parties in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis. 
Under terms of the agreement, Nordstrom shareholders will receive $24.25 per share in cash, representing a premium of approximately 42% over the company&#8217;s share price as of March 18. Nordstrom said March 18 was the last day its stock traded unaffected by media speculation. 
The deal will also include a special dividend of up to 25 cents per share contingent on the transaction&#8217;s closing. The acquisition will result in Nordstrom becoming a private company. Following the close, the Nordstrom Family will own 50.1% of the company, with Liverpool holding 49.9%.
The Nordstrom Board has unanimously approved the proposed transaction upon the unanimous recommendation of a special committee of independent and disinterested directors that led the review and negotiation of this transaction. 
&#8220;Following a rigorous and independent evaluation and consultation with outside financial and legal advisors, the special committee unanimously concluded that this transaction offers greater value for all public shareholders at a significant premium to the unaffected share price,&#8221; said Eric Sprunk, chairman of the special committee.
JWN Price Action: Nordstrom shares were down 1.55% at $24.15 at the time of publication Monday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23141740/Screenshot-2024-12-23-at-2.16.45%E2%80%AFPM-1024x514.png" alt="" class="wp-image-704803" style="width:535px;height:auto" /></a></figure>
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Photo: Shutterstock.

Movers

What's Going On With Nordstrom Stock Today?

Nordstrom Shareholders to Receive $24.25 Per Share in Cash
Transaction Represents a Premium of Approximately 42% Since March 18, 2024
Board Also Intends to Pay Special Dividend of Up to $0.25 Per Share in Cash Contingent on Closing
SEATTLE, Dec. 23, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) today announced it has signed a definitive agreement under which Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the "Nordstrom Family") and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV:<a class="ticker" href="https://www.benzinga.com/stock/LIVEPOL#BMV">LIVEPOL</a>) will acquire all of the outstanding common shares of Nordstrom not already beneficially owned by the Nordstrom Family and Liverpool in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the Company.
Under the terms of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold. The merger consideration represents a premium of approximately 42% to the Company's unaffected closing common stock price on March 18, 2024, the last trading day prior to media speculation regarding a potential transaction. In addition, the Board intends to authorize a special dividend of up to $0.25 per share (based on Nordstrom's cash on hand) immediately prior to and contingent on the close of the transaction. Upon completion of the transaction, Nordstrom will become a private company.&nbsp;

BMV:LIVEPOL

Nordstrom To Be Acquired By Nordstrom Family And Liverpool For $24.25 Per Share In $6.25B Deal; Includes 42% Premium And Special $0.25 Dividend, With Plans To Go Private

U.S. stocks were higher, with the Dow Jones index gaining over 150 points on Thursday.
Shares of Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) rose sharply in today's session after the company reported better-than-expected first-quarter financial results and raised FY25 <a href="https://www.benzinga.com/24/12/42586612/accenture-delivers-q1-revenue-growth-bolstered-by-consulting-and-managed-services">revenue growth outlook</a>.
On Thursday, Accenture reported first-quarter fiscal 2025 sales of $17.69 billion compared with the analyst consensus estimate of $17.12 billion, up 9% year-over-year in U.S. dollars and 5% in local currency.
Accenture shares jumped 7% to $372.09 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Omeros Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) shares jumped 68% to $12.55 after the company's Narsoplimab met pivotal trial primary endpoint.</li>
<li>Soho House &amp; Co Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NASDAQ">SHCO</a>) gained 54% to $7.57 after the company received a $9.00 per share acquisition offer from a consortium backed by Executive Chairman Ron Burkle and Yucaipa. The board has formed a special committee to evaluate the proposal.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) rose 35% to $16.55. On Wednesday, the FDA approved Mesoblast's Ryoncil (remestemcel-L) as the first mesenchymal stromal cell (MSC) therapy in the U.S.</li>
<li>Microvast Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) gained 21.7% to $1.3990.</li>
<li>Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) surged 20.3% to $23.63.</li>
<li>Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) gained 17.8% to $14.09 after the Phase IIb Prasinezumab study showed potential in early Parkinson&#8217;s disease.</li>
<li>Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) rose 14.3% to $182.79 after the company reported better-than-expected second-quarter EPS and issued better-than-expected FY25 revenue outlook.</li>
<li>Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) gained 14.2% to $39.09. Wedbush analyst Daniel Ives initiated coverage on Innodata with an Outperform rating and announced a price target of $48.</li>
<li>Valneva SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) gained 10.1% to $4.16. Valneva expanded Chikungunya vaccine access in Asia through partnership with Serum Institute.</li>
<li>Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) rose 8.8% to $14.10. Tripadvisor and Liberty TripAdvisor announced a planned merger.</li>
<li>Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares gained 4.8% to $23.98.</li>
<li>CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) shares rose 4.5% to $85.08 after the company reported better-than-expected quarterly earnings and sales.</li>
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Intraday Update

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Accenture Posts Upbeat Results, Joins Darden Restaurants, CarMax And Other Big Stocks Moving Higher On Thursday

<a href="https://wwd.com/business-news/financial/nordstroms-chances-going-private-buyout-family-1236746986/#utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=social_bar&amp;utm_term=&amp;utm_content=bottom&amp;utm_id=1236746986">https://wwd.com/business-news/financial/nordstroms-chances-going-private-buyout-family-1236746986/#utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=social_bar&amp;utm_term=&amp;utm_content=bottom&amp;utm_id=1236746986</a>
Prospects for the Nordstrom family <a href="https://wwd.com/business-news/retail/nordstrom-family-store-going-private-case-1236403173/">taking their business private</a> next year look good.
<a href="https://wwd.com/business-news/retail/nordstrom-q3-results-beat-expectations-2024-sales-guidance-lifted-1236738210/">Nordstrom</a> Inc.'s financial results are improving. Executives have done a good job managing expectations. The Fed has cut rates twice this year, and the regulatory environment has loosened up.
Brothers Erik and Pete&nbsp;<a href="https://wwd.com/tag/nordstrom/">Nordstrom</a>, along with other members of the&nbsp;<a href="https://wwd.com/fashion-news/fashion-scoops/nordstrom-nyc-courreges-pop-up-exclusive-capsule-collection-1236702579/">Nordstrom</a>&nbsp;family and Mexican retailer Liverpool, have offered to acquire all of the outstanding shares of the company the group does not already own for $23 a share in cash, a total of $3.8 billion. The company is currently trading at around $23.19 a share. The Nordstrom family owns about one third of the stock. The family and any partners would have to own more than 50 percent of the voting shares to go private.
&nbsp;
The Nordstroms first tried to take their company private in 2017, offering <a href="https://wwd.com/feature/nordstrom-talks-break-down-next-move-unclear-1202634052/">$50 a share</a>, or $8.4 billion, with the backing of Leonard Green &amp; Partners.&nbsp;That offer was considered too low and rejected by a special committee of the board.
&nbsp;
Yet with the current lower offer, "I think the odds are decent and clearly better than last time," said Steve Dennis, author and president of SageBerry Consulting. "The business performance is more stable, interest rates are lowering, and there is lots of dry powder in the capital markets."
"We're expecting to see M&amp;A activity pick up next year," added Stephen Sadove, senior adviser for Mastercard and former chairman and chief executive officer of Saks Inc., commenting on the general deal-making environment. "There's money out there that should be put to use."
As Nordstrom executives work to take the company private — a process seen taking many months — they've been successful executing on strategic priorities, including an aggressive expansion of the Rack off-price chain, digital growth and comp gains at the Nordstrom business. But as one retail source said, "Nordstrom needs to do more work outside of the public markets to address the underlying performance of their core business."
While the Nordstroms underscored the strength of the business with third-quarter results and raised the sales guidance for 2024 overall, CEO Erik&nbsp;<a href="https://wwd.com/business-news/human-resources/nordstrom-head-dei-colleen-mitchell-1236683999/">Nordstrom</a>&nbsp;cited a slowdown in the first couple of weeks of the fourth quarter, while Cathy Smith, chief financial officer, said the external environment is "uncertain" and that the company is "prudently cautious" on its outlook for the current quarter. Others, including executives at Gap Inc. and Lululemon Athletica Inc., sounded more bullish notes on the holiday season.
Nordstrom did report a third-quarter drop in net earnings, but there were increases in operating profits and sales revenues that surpassed Wall Street expectations. But investors remain concerned about expenses and by the commentary on sluggish early fourth-quarter selling.
Wall Street takes a dim view of&nbsp;<a href="https://wwd.com/business-news/retail/nordstrom-brothers-proposal-to-take-nordstrom-private-under-review-1236321193/">Nordstrom</a>&nbsp;and most department stores. Through a go-private transaction,&nbsp;<a href="https://wwd.com/fashion-news/fashion-scoops/nordstrom-nyc-courreges-pop-up-exclusive-capsule-collection-1236702579/">Nordstrom</a>&nbsp;could reach a higher valuation, and preempt an unwanted bid for the company. Given its low stock price and the recent string of investor interest in department stores, including Kohl's and Macy's,&nbsp;<a href="https://wwd.com/business-news/financial/nordstrom-jwn-q1-2024-earnings-sales-increase-1236408611/">Nordstrom</a>&nbsp;could be vulnerable to takeover offers.
&nbsp;
On Thursday, Nordstrom declined to comment on the plan to take the company private, and referred WWD to its September disclosure by a special committee of the board, which indicated: "There can be no assurance that the company will pursue this transaction or other strategic outcome, or that a proposed transaction will be approved or consummated. The company does not intend to disclose further developments regarding this matter unless and until further disclosure is determined to be appropriate or necessary."
Two big questions surround the plan to go private: Is there a deadline for putting together a deal, and how would Nordstrom's strategies change once turning private?
"To accelerate growth and improve differentiation in a challenging market, Nordstrom needs to take bolder action to future proof it's business model much of which will take a lot of capital and not show payback for multiple years," Dennis said. "So getting out of the public eye could give them air cover, and allow them to not worry so much about quarterly earnings focus."
Going private takes the Nordstroms out from under the constant glare of Wall Street, and enables them to eliminate the time and costs of producing quarterly reports, staging conference calls and meetings with investors. Management would also deal with less public scrutiny, far fewer stakeholders and regulatory requirements, and can be more decisive with a smaller constituency to report to. They'll have more time to focus on long-term strategy and spend time with their families. Private companies can be less transparent so competitors know less about what they're up against.
But if Nordstrom had to borrow money and leverage up to do the deal, "it could put them in long-term financial jeopardy," Dennis said.
 &nbsp;

"Weighing Nordstrom's Chances Of Going Private; Since Disclosing Its Intentions On Taking Nordstrom Inc. Private, The Nordstrom Family Has Been Tight-lipped On What Progress Has Been Made" - WWD

Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Wednesday</a>.
For the third quarter, the company&#8217;s net sales increased 4.6% compared to the same period in fiscal 2023, total company comparable sales increased 4.0%, and gross merchandise value increased 5.3%.&nbsp;
JP Morgan analyst Matthew R. Boss reiterated the Underweight rating on the stock, raising the price forecast to $21 from $20.
The analyst notes that despite favorable conditions for Nordstorm&#8217;s core customer base, including high personal savings rates, low debt service ratios, and significant household wealth creation, as well as favorable pricing and promotional factors, the company&#8217;s absolute and relative performance remains disappointing, with 2023 revenue levels and EBIT margins falling below 2019 levels.
JWN opened 12 Rack stores during the quarter, reflecting a 2.2% growth, and has a total of 23 Rack store openings year-to-date, in line with its 2024 guidance of 20-25 openings, with 15 expected in 2025, Boss added.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/retail-sales/24/11/42220200/black-friday-discounts-too-good-to-be-true-survey-shows-only-42-of-sales-are-authentic" rel="noreferrer noopener">Black Friday Discounts Too Good To Be True? Survey Shows Only 42% Of Sales Are Authentic</a>
Telsey Advisory Group analyst Dana Telsey reiterated Market Perform rating on Nordstrom, raising the price forecast to $26 from $24.
The analyst notes that Nordstrom exceeded earnings expectations in the third quarter, driven by stronger sales, gross margins, and operating expense leverage.
Full-line segment growth was positive for the third consecutive quarter, and momentum at Rack continued.
However, despite this growth, management highlighted a slowdown in sales in late October and November.
As a result, Nordstrom cautiously raised its FY24 revenue growth outlook by 100 basis points, while keeping EBIT margin and EPS guidance unchanged. The company also noted elevated inventory due to slower-moving cold weather categories.
Given these factors, the analyst maintained a Market Perform rating. The analyst raised estimates to $2.00 in FY24, up from $1.95 previously. For FY25, the estimate goes to $2.06, up modestly from the prior estimate of $2.02.
Price Action: JWN shares are trading lower by 9.34% to $22.32 at last check Wednesday.
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Photo via Shutterstock.

Analyst Color

Equities

Reiteration

General

Nordstrom Q3 Sales Grow, But Analysts Remain Cautious On Stock Amid Slowing Sales And Elevated Inventory

UBS analyst Jay Sole maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Sell and raises the price target from $13 to $14.5.

UBS Maintains Sell on Nordstrom, Raises Price Target to $14.5

Evercore ISI Group analyst Michael Binetti maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a In-Line and raises the price target from $20 to $22.

Evercore ISI Group Maintains In-Line on Nordstrom, Raises Price Target to $22

Nordstrom shares are trading lower after the company revised its FY24 revenue guidance. Additionally, B of A Securities maintained an Underperform rating on the stock.

B of A Securities analyst Lorraine Hutchinson maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Underperform and raises the price target from $20 to $22.

B of A Securities Maintains Underperform on Nordstrom, Raises Price Target to $22

Telsey Advisory Group analyst Dana Telsey maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Market Perform and raises the price target from $24 to $26.

Telsey Advisory Group Maintains Market Perform on Nordstrom, Raises Price Target to $26

Guidance

Nordstrom Continues To Expect FY24 Adjusted EPS Of $1.75 - $2.05 (Est $1.89)

Nordstrom Revises FY24 Revenue Range, Including Retail Sales And Credit Card Revenues, To Flat - 1.0% Growth (Prior View 1.0% Decline - 1.0% Growth), Comparable Sales Growth Of 1.0% - 2.0% (Prior View Flat - 2.0% Growth)

Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) just disclosed its Q3 earnings on Tuesday, November 26, 2024 at 04:05 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Nordstrom beat estimated earnings by 50.0%, reporting an EPS of $0.33 versus an estimate of $0.22.
Revenue was up $144.00 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company beat on EPS by $0.25 in the last quarter, resulting in a 4.0% increase share price change the following day.
Here's a look at Nordstrom's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.71</td>
<td>-0.07</td>
<td>0.88</td>
<td>0.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.96</td>
<td>-0.24</td>
<td>0.96</td>
<td>0.25</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>3.90B</td>
<td>3.20B</td>
<td>4.39B</td>
<td>3.40B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>3.89B</td>
<td>3.22B</td>
<td>4.29B</td>
<td>3.32B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Nordstrom <a href="https://www.benzinga.com/quote/JWN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Nordstrom Q3 Earnings

Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.21 by 57.14 percent. This is a 32 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $3.46 billion which beat the analyst consensus estimate of $3.35 billion by 3.54 percent. This is a 4.34 percent increase over sales of $3.32 billion the same period last year.

Earnings Beats

Nordstrom Q3 2024 Adj EPS $0.33 Beats $0.21 Estimate, Sales $3.46B Beat $3.35B Estimate

Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) heads into its third-quarter earnings release Tuesday after-hours with momentum after trading near 52-week highs following a <a href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details">strong second quarter</a>.
What To Know: The company reported second-quarter EPS of 96 cents, surpassing expectations by 35.21%, although sales of $3.894 billion narrowly missed estimates. Year-over-year sales growth of 3.23%, alongside a 6.2% increase in digital sales, highlighted resilience in a challenging retail environment.
Nordstrom Rack continued to perform well, with net sales rising 8.8% and comparable sales increasing 4.1%. Gross profit margin improved by 155 basis points to 36.6%, driven by higher full-price sales and operational leverage. 
However, inventory grew 8.3%, outpacing sales growth and raising questions about stock management heading into the holiday season.
For the third quarter, analysts will focus on Nordstrom's ability to sustain growth across both banners, particularly the Rack segment, while maintaining margin improvements. Comparable sales, which rose 1.9% in the second quarter, will be closely watched as an indicator of consumer demand. 
Updated FY guidance of $1.75–$2.05 per share suggests confidence, but the third quarter results will be critical in validating the company's trajectory toward its 2024 priorities.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/42188320/best-buy-says-q3-sales-little-softer-than-expected-on-lower-demand-for-appliances-and-gaming-trims-annual-forecast">Best Buy Says Q3 Sales &#8216;Little Softer Than Expected&#8217; On Lower Demand For Appliances And Gaming, Trims Annual Forecast</a>
<h2 class="wp-block-heading">How To Buy JWN Stock</h2>
By now you're likely curious about how to participate in the market for Nordstrom &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Nordstrom, which is trading at $24.55 as of publishing time, $100 would buy you 4.07 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, JWN has a 52-week high of $24.99 and a 52-week low of $14.65.

Nordstrom Q3 Earnings Preview: Can Momentum Continue After Strong Q2 Results?

Nordstrom: Sell Shares With The Family Takeover Announced

Retail watch: Christmas is over, but here comes 'Returnuary'

Luxury stocks are benefiting from resilient demand among high-income consumers, who continue to prioritize premium goods despite global economic challenges. Amid this backdrop, it might be wise to consider adding three luxury stocks, Ralph Lauren Corp (RL), PVH Corp (PVH), and Nordstrom (JWN), for long-term growth opportunities. Read on… Luxury stocks are thriving as high-income consumers continue to drive demand for premium goods and services. Brands catering to this segment are reporting strong revenue growth, especially in categories like apparel, jewelry, and travel.
Below, I have highlighted three luxury stocks: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>), PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>), and Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>), which have strong fundamentals and long-term appeal.
Despite economic uncertainties, the spending power of affluent individuals remains robust, bolstered by resilient income growth and pent-up demand for luxury experiences. As per a Bain &amp; Company forecast, the global luxury spending for 2024 is projected to <a href="https://www.bain.com/about/media-center/press-releases/2024/global-luxury-spending-to-land-near-1.5-trillion-in-2024-remaining-relatively-flat-as-consumers-prioritize-experiences-over-products-amid-uncertainty/">reach nearly €1.5 trillion</a> ($1.6 trillion). Moreover, <a href="https://loopme.com/press_releases/us-consumers-luxury-goods/">70% of U.S. consumers make a luxury goods purchase each year</a>, driven by the trends on social media. This propels the luxury retail sector.
According to Statista, the global luxury goods market is anticipated to reach $92.98 billion by 2029, <a href="https://www.statista.com/outlook/emo/luxury-goods/worldwide">exhibiting a CAGR of 9.7%</a>. Meanwhile, Western markets like the United States and Europe benefit from the enduring appeal of established brands bolstered by a resurgence in tourism.
Luxury retail clienteling has three primary cornerstones, that is namely, relationships, personalization, and data. Many brands are <a href="https://roicallcentersolutions.com/blog/luxury-retail-clienteling-enhancing-shopping-experience/">adopting digital tools to enhance customer experiences</a>, such as personalized shopping and online exclusives. Additionally, collaborations and limited-edition releases are helping companies maintain desirability among high-income buyers.
Considering these factors, let's take a look at the fundamentals of the top three <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> stocks, beginning with the third choice.
Stock #3: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>)
RL is engaged in the design, marketing, and distribution of luxury lifestyle products internationally, including apparel, footwear &amp; accessories, home, fragrances, eyewear, fine jewelry, and hospitality. The company operates through three segments: North America; Europe; and Asia.
On December 13, demonstrating its commitment to returning value to shareholders, the company declared a quarterly dividend of $0.83 per share, payable on January 10, 2025, to shareholders of record at the close of business on December 27, 2024.
RL pays an annual dividend of $3.30, which translates to a yield of 1.45% at the current share price. Its four-year average dividend yield is 1.86%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 31.8% over the past three years.
In terms of the trailing-12-month net income margin, RL's 10.15% is 143.1% higher than the 4.17% industry average. Similarly, its 11.78% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin is 164.3% higher than the industry average of 4.46%. Also, its trailing-12-month ROCE of 28.42% compares to the industry average of 11.03%.
For the fiscal 2025 second quarter that ended on September 28, RL's net revenues increased 5.7% year-over-year to $1.73 billion, while its Asia segment's net revenue improved 9.1% from the prior year's value to $380.20 million. Its gross profit rose 8% year-over-year to $1.16 billion. Moreover, the company's net income amounted to $147.90 million, or $2.31 per share, reflecting increases of 0.7% and 5.5% year-over-year, respectively.
According to the full-year outlook, RL forecasts fiscal year 2025 constant currency revenue to be in the range of 3% to 4%.
The consensus revenue estimate of $2.01 billion for the fiscal third quarter (ending December 2024) represents a 3.9% increase year-over-year. The consensus EPS estimate of $4.50 for the same quarter indicates a 7.8% improvement year-over-year. The company has an excellent surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
RL shares have surged 64.4% over the past year and 27.3% over the past three months to close the last trading session at $227.45.
RL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
RL has an A grade for Quality and a B for Sentiment. Among the 60 stocks in the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #13. <a href="https://stocknews.com/stock/RL/">Click here</a> to see the additional RL ratings (Growth, Value, Momentum, and Stability).
Stock #2: PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>)
PVH is an international apparel company. The company operates through five segments: Tommy Hilfiger North America; Tommy Hilfiger International; Calvin Klein North America; Calvin Klein International; and Heritage Brands Wholesale. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, and sleepwear.
On October 30, the company declared a quarterly dividend of $0.0375 per share, payable to its shareholders on December 18, 2024. PVH pays an annual dividend of $0.15 per share, which translates to a yield of 0.14% on the prevailing share price. The company's dividend payouts have increased at an impressive CAGR of 58.7% over the past three years. Also, its four-year average dividend yield is 0.12%.
The stock's trailing-12-month net income margin of 8.13% is 94.8% higher than the industry average of 4.17%. Similarly, its 6.34% trailing-12-month ROTA is 63.9% above the industry average of 3.87%. Also, its trailing-12-month EBIT margin of 9.85% compares favorably to the industry average of 8.06%.
PVH's total revenue for the nine-month period (ended November 3, 2024) amounted to $5.94 billion. The company reported a non-GAAP net income of $483.60 million, indicating a 10.7% growth from the prior year period, and its non-GAAP net income per share came in at $8.48, up 21% year-over-year.
Looking ahead, PVH anticipates full-year earnings per share for fiscal year 2024 to fall between $11.20 and $11.45. The company also projects non-GAAP EPS to range from $11.55 to $11.80.
Street expects PVH's revenue for the fiscal first quarter (ending April 2025) to increase marginally year-over-year to $1.96 billion. Moreover, its EPS estimate of $2.64 for the same period indicates a 7.8% year-over-year growth.
Over the past year, the stock has surged 14.6%, closing the last trading session at $108.52.
PVH's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Value and a B for Quality. Within the same industry, it is ranked #12. <a href="https://stocknews.com/stock/PVH/">Click here</a> to see PVH's ratings for Growth, Momentum, Stability, and Sentiment.
Stock #1: Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>)
JWN is a fashion retailer offering apparel, shoes, beauty, accessories, and home goods for all ages and through various channels, Nordstrom and Nordstrom Rack stores, online platforms, and Last Chance clearance outlets.
On November 20, buoyed by strong financial performance, the company declared its quarterly dividend of $0.19 per share, payable on December 18, 2024. JWN pays an annual dividend of $0.76, which translates to a yield of 3.28% at the current share price. Its four-year average dividend yield is 2.49%.
JWN's trailing-12-month ROCE of 30.54% is 176.7% higher than their respective industry average of 11.03%. Likewise, its trailing-12-month asset turnover ratio of 1.65x is 97.6% above the industry average of 0.98x.
During the third quarter that ended on November 2, 2024, JWN's revenue increased 4.3% year-over-year to $3.46 billion. The company's adjusted EBITDA came in at $231 million, reflecting an increase of 12.7% from the prior year quarter, with an adjusted EBIT margin of 2.9% (up 50 bps year-over-year). Its adjusted EPS amounted to $0.33, reflecting an increase of 32% year-over-year. Also, JWN's free cash flow came in at $78 million versus a loss of $231 million last year.
For the full year 2024, JWN expects adjusted EBIT margin to fall between 3.6% and 4% and adjusted EPS to range from $1.75 to $2.05.
Analysts expect JWN's revenue and EPS for the current year (ending January 2025) to be $14.87 billion and $1.95, respectively. For the fiscal year 2026, its revenue and EPS are expected to grow 2.1% and 3.6% from the prior year to $15.18 billion and $2.02, respectively.
The stock has gained 33.9% over the past year and 28.9% over the past nine months to close the last trading session at $23.18.
It's no surprise that JWN has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Value and a B for Momentum and Quality. Out of 60 stocks in the Fashion &amp; Luxury industry, JWN is ranked #4.
Beyond what is stated above, we've also rated JWN for Growth, Stability, and Sentiment. Get all JWN ratings <a href="https://stocknews.com/stock/JWN/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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RL shares were trading at $232.92 per share on Monday afternoon, up $5.47 (+2.40%). Year-to-date, RL has gained 63.64%, versus a 29.03% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/rl-pvh-jwn-3-luxury-stocks-capitalizing-on-high-income-consumer-trends/>3 Luxury Stocks Capitalizing on High-Income Consumer Trends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Luxury Stocks Capitalizing on High-Income Consumer Trends

Argus downgraded Nordstrom (JWN) to Sell from Buy. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ...

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The luxury market seems poised for robust growth, driven by rising consumer spending, strong demand, sustainability trends, direct-to-consumer models, and digital innovation. Therefore, investors may want to consider strong luxury stocks such as Tapestry (TPR), Ralph Lauren (RL), and Nordstrom (JWN). Read more... The luxury market is thriving, fueled by economic recovery and rising consumer spending. Segments like luxury fashion, jewelry, and watches are witnessing steady growth, with the Asia-Pacific region driving demand. This highlights the shift towards Direct-to-Consumer models and trend adaptation.
Hence, as global luxury demand soars, strong performers like Tapestry Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>), Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>), and Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>) are worth considering.
Younger consumers are driving luxury brands to embrace sustainability and digitalization, aligning with evolving preferences and boosting relevance. Transparent, responsible practices are increasing premium sales across categories like cosmetics, jewelry, and apparel, which have outperformed. As a result, the global luxury fashion market is projected to reach $410.6 billion by 2032, growing at a <a href="https://straitsresearch.com/report/luxury-fashion-market#:~:text=The%20global%20luxury%20fashion%20market,period%20(2024%2D2032).">CAGR of 5.8%</a>.
Despite certain challenges, the consumer outlook for the second half of 2025 remains positive, driven by increased tourism and expanded retail channels supporting sector recovery. Online sales are emerging as the dominant platform for luxury purchases, with brands focusing on personalized digital experiences. This year, the luxury goods market is projected to generate <a href="https://www.statista.com/outlook/cmo/luxury-goods/worldwide">$473.90 billion</a>, with a 4% CAGR.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry picks, beginning with the third choice.
Stock #3: Tapestry Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>)
TPR provides luxury accessories and branded lifestyle products internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.
In terms of the trailing-12-month gross profit margin, TPR's 73.91% is 95.6% higher than the 37.79% industry average. Its 29.92% trailing-12-month <a href="https://www.investopedia.com/terms/r/returnonequity.asp">Return on Common Equity</a> is 172.7% higher than the 10.97% industry average. Moreover, the stock's 12.12% trailing-12-month net income margin is 188.2% higher than the 4.20% industry average.
During the first quarter that ended on September 28, 2024, TPR's net sales came in at $1.51 billion. Its gross profit rose 3.4% year-over-year to $1.13 billion. The company's net income was reported at $186.60 million, or $0.79 per share. Moreover, as of September 28, 2024, its total assets stood at $13.73 billion, compared to $13.40 billion as of June 29, 2024.
Street expects TPR's EPS for the quarter ending December 31, 2024, to increase 5.9% year-over-year to $1.73. Its revenue for the same quarter is expected to rise 1.2% year-over-year to $2.11 billion. TPR's stock has gained 76.1% over the past year to close the last trading session at $65.87.
TPR's robust prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality. It is ranked #26 out of 59 stocks in the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry. <a href="https://stocknews.com/stock/TPR/">Click here</a> to access all of TPR's POWR Ratings (Growth, Value, Momentum, Stability, and Sentiment).
Stock #2: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>)
RL designs, markets, and distributes lifestyle products in North America, Europe, Asia, and other international markets. The company offers apparel, including a range of men's, women's, and children's clothing, as well as footwear, accessories, leather goods, home products, and fragrances.
In terms of the trailing-12-month levered FCF margin, RL's 11.78% is 161.8% higher than the 4.50% industry average. Its 12.42% trailing-12-month EBIT margin is 54.5% higher than the 8.04% industry average. Also, the stock's 10.06% trailing-12-month Return on Total Assets is 155.4% higher than the 3.94% industry average.
For the fiscal second quarter that ended September 28, 2024, RL's revenues increased 5.7% year-over-year to $1.73 billion. Its gross profit rose 8% from the year-ago value to $1.16 billion. In addition, the company's non-GAAP net income and non-GAAP net income per common share grew 15% and 21% from the prior year's period to $162.10 million and $2.54, respectively.
For the quarter ending December 31, 2024, RL's EPS and revenue are expected to increase 8% and 4% year-over-year to $4.50 and $2.01 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 57.6% to close the last trading session at $229.55.
It's no surprise that RL has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has an A grade for Quality and a B for Sentiment. It is ranked #12 in the same industry. Beyond what we stated above, we also have given RL grades for Growth, Value, Momentum, and Stability. Get all the RL ratings <a href="https://stocknews.com/stock/RL/">here</a>.
Stock #1: Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>)
JWN is a fashion retailer that provides apparel, shoes, beauty products, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, including Nordstrom-branded stores, online, and clearance stores.
On December 18, 2024, JWN announced plans to open a new Nordstrom Rack in Nashua, New Hampshire, in spring 2025. The 30,000-square-foot store will offer discounted brands and services such as online order pickup and easy returns.
In terms of the trailing-12-month Return on Common Equity, JWN's 30.54% is 178.3% higher than the 10.97% industry average. Its 6.71% trailing-12-month Return on Total Capital is 8.6% higher than the 6.18% industry average. Likewise, the stock's 1.65x trailing-12-month asset turnover ratio is 68.2% higher than the 0.98x industry average.
During the third quarter, which ended on November 2, 2024, JWN's revenue increased 4.6% year-over-year to $3.35 billion. The company's adjusted EBITDA was $231 million, up 12.7% from the prior year's quarter. Additionally, its adjusted EPS rose 32% from the year-ago value to $0.33.
Analysts expect JWN's revenue for the quarter ending April 30, 2025, to increase 2.2% year-over-year to $3.41 billion. Its EPS for fiscal 2026 is expected to grow 4.2% year-over-year to $2.04. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, JWN's stock has gained 28% to close the last trading session at $24.21.
JWN's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Momentum and Quality. Within the Fashion &amp; Luxury industry, it is ranked #5. To see JWN's Growth, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/JWN/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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TPR shares were trading at $65.71 per share on Monday morning, down $0.16 (-0.24%). Year-to-date, TPR has gained 83.87%, versus a 25.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/tpr-rl-jwn-3-luxury-brand-stocks-that-continue-to-outperform/>3 Luxury Brand Stocks That Continue to Outperform</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Luxury Brand Stocks That Continue to Outperform

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As previously reported, Argus analyst John Eade double downgraded Nordstrom (JWN) to Sell from Buy. The stock in midday trading is down 7c to $24.1...

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