Nordstrom boosts full-year EPS guidance on strengthening sales

Analysts polled by Yahoo Finance had predicted EPS of 90 cents and earnings of $3.7 billion. Earlier, it estimated per share profit of between $3.65 and $3.80 and increase in sales between 7% and 9% with comparable sales increasing between 2% and 4%.

Nordstrom, Inc. (NYSE:JWN) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. Brean Capital reaffirmed a hold rating on shares of Nordstrom in a report on Friday. Finally, Sterne Agee CRT reissued a “neutral” rating and set a $70.00 target price on shares of Nordstrom in a research note on Thursday, May 14th. As per the latest data, 1 analysts has given a sell rating on the shares of the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.03. The shares trade in a 52-week range of $64.92 to $83.16. The 50-day moving average is $76.61 and the 200 day moving average is recorded at $77.43. The 52-week high of the share price is $83.16 and the company has a market cap of $14,479 million.

The shares of Nordstrom, Inc.

There was plenty to be happy about in Nordstrom’s Q2 earnings report on Thursday, but its online stores continue to be the shining star.

Next month, Nordstrom plans to open its third store in Canada, a flagship store in Vancouver, as part of a push to open six full-line stores in the country, where it targets more than $1 billion in sales. Comparable-store sales rose 4.9%, with 20% growth in sales on the Nordstrom.com website. Equities analysts anticipate that Nordstrom, Inc. will post $3.74 EPS for the current fiscal year. The shares were sold at an average price of $76.00, for a total value of $1,560,964.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nordstrom Rack is the second retailer to lease a space at Countryside Mall through its Sears anchor. The business operates through two segments: Credit and Retail. The Retail segment contains about 115 Nordstrom branded full-line shops in the United States and Nordstrom.com, about 167 off-cost Nordstrom Rack stores, two Canada full-line shops, Nordstromrack.com and HauteLook, and other retail stations, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates underneath the name Last Chance.

In May, Nordstrom agreed to sell its U.S. Visa and private label consumer credit card portfolio to TD Bank Group (TD, TD.TO). And now, the company is managed by the fourth generation of Nordstroms.