最新ニュース Nordstrom (NYSE:JWN) 株価情報

Nordstrom

Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven 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.

Nordstrom Inc

Following a strong second-quarter performance, Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) will deliver insights into its third-quarter results Tuesday after-hours. In the second quarter, the company outperformed <a href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details">earnings expectations with EPS of $0.96</a>, a 35.21% beat over the consensus estimate of $0.71, driven by strategic pricing and operational efficiencies. 
What Happened: Although quarterly sales of $3.894 billion narrowly missed estimates, they represented a 3.23% year-over-year increase, with digital sales up 6.2% and notable growth in Nordstrom Rack's net sales (+8.8%).
The second quarter gross profit margin of 36.6%—a 155 basis point improvement—showcased Nordstrom's focus on full-price sales and leveraging higher volumes. However, the 8.3% increase in ending inventory relative to sales growth warrants attention as the company balances stock management in a dynamic retail landscape.
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For the third quarter, analysts will likely focus on Nordstrom's ability to sustain growth across both banners, particularly Nordstrom Rack, which demonstrated robust performance in the second quarter. 
Comparable sales, which increased 1.9% in the prior quarter, could signal continued consumer resilience amid economic pressures. Margins and inventory levels will remain key indicators of operational efficiency.
Nordstrom's FY guidance of $1.75–$2.05 per share suggests confidence in its growth trajectory. With strategic momentum and a focus on profitability, third quarter results will be a critical checkpoint as the company progresses toward its 2024 objectives.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/11/42164927/cassava-sciences-controversial-alzheimers-drug-fails-to-hit-primary-goal-in-pivotal-study-halts-late-stage-studies">Cassava Sciences Alzheimer&#8217;s Drug Fails To Hit Primary Goal In Pivotal Study, Pharma Halts Late-Stage Studies</a>
<h2 class="wp-block-heading">Is JWN A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/JWN">Nordstrom</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/JWN">Nordstrom</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, JWN has a 52-week high of $24.93 and a 52-week low of $14.65.

News

What's Going On With Nordstrom (JWN) Stock?

Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) will release its quarterly earnings report on Tuesday, 2024-11-26. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Nordstrom to report an earnings per share (EPS) of $0.22.
Nordstrom bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
The company's EPS beat by $0.25 in the last quarter, leading to a 4.21% increase in the share price on the following day.
Here's a look at Nordstrom's past performance and the resulting price change:

<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>Price Change %</td>
<td>4.0%</td>
<td>5.0%</td>
<td>-16.0%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732543318_0.png" alt="eps graph" />
<h3>Market Performance of Nordstrom's Stock</h3>
Shares of Nordstrom were trading at $23.24 as of November 22. Over the last 52-week period, shares are up 51.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Nordstrom</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Nordstrom.
The consensus rating for Nordstrom is Neutral, derived from 9 analyst ratings. An average one-year price target of $22.44 implies a potential 3.44% downside.
<h3>Analyzing Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Ollie's Bargain Outlet, Kohl's and Savers Value Village, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Ollie's Bargain Outlet is favoring an Outperform trajectory, with an average 1-year price target of $106.12, suggesting a potential 356.63% upside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for Kohl's, with an average 1-year price target of $21.0, implying a potential 9.64% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Savers Value Village, with an average 1-year price target of $10.0, indicating a potential 56.97% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for Ollie's Bargain Outlet, Kohl's and Savers Value Village, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nordstrom</td>
<td>Neutral</td>
<td>3.23%</td>
<td>$1.49B</td>
<td>13.68%</td>
</tr>
<tr>
<td>Ollie's Bargain Outlet</td>
<td>Outperform</td>
<td>12.41%</td>
<td>$219.03M</td>
<td>3.14%</td>
</tr>
<tr>
<td>Kohl's</td>
<td>Neutral</td>
<td>-4.18%</td>
<td>$1.60B</td>
<td>1.73%</td>
</tr>
<tr>
<td>Savers Value Village</td>
<td>Neutral</td>
<td>0.53%</td>
<td>$224.02M</td>
<td>5.09%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Nordstrom ranks in the middle for consensus rating among its peers. It is at the bottom for revenue growth. Nordstrom is at the top for gross profit. For return on equity, Nordstrom is in the middle compared to its peers.
<h3>Discovering Nordstrom: A Closer Look</h3>
Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven 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: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Nordstrom's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.23% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Nordstrom's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.13%, 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 13.68%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.43%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 4.46, Nordstrom faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/JWN/earnings">To track all earnings releases for Nordstrom visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Insights Ahead: Nordstrom's Quarterly Earnings

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 maintains $24 price target.

Price Target

Analyst Ratings

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

Across the recent three months, 8 analysts have shared their insights on Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<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">6</td>
<td align="right">2</td>
<td align="right">0</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">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M 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>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $22.25, a high estimate of $25.00, and a low estimate of $20.00. Witnessing a positive shift, the current average has risen by 9.18% from the previous average price target of $20.38.
<img src="https://www.benzinga.com/files/images/story/2024/1732035671_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Nordstrom among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines 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>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Paul Kearney</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$23.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Nordstrom. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Nordstrom compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Nordstrom's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Nordstrom's market standing. Stay informed and make data-driven 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 more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven 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>Financial Milestones: Nordstrom's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Nordstrom's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.23% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in 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 3.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Nordstrom's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.68% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Nordstrom's ROA stands out, surpassing industry averages. With an impressive ROA of 1.43%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Nordstrom's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.46, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Nordstrom

Citigroup analyst Paul Lejuez maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Neutral and raises the price target from $22 to $23.

Citigroup Maintains Neutral on Nordstrom, Raises Price Target to $23

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$260.00</td>
<td>$29.7K</td>
<td>14.7K</td>
<td>146.4K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$25.0K</td>
<td>8.6K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$40.8K</td>
<td>7.4K</td>
<td>3.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$190.00</td>
<td>$29.4K</td>
<td>7.7K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$36.00</td>
<td>$26.9K</td>
<td>334</td>
<td>795</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$125.00</td>
<td>$38.4K</td>
<td>561</td>
<td>792</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$100.00</td>
<td>$25.1K</td>
<td>12.9K</td>
<td>602</td>
</tr>
<tr>
<td>JWN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$22.00</td>
<td>$32.0K</td>
<td>0</td>
<td>200</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$130.2K</td>
<td>678</td>
<td>101</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$47.50</td>
<td>$32.8K</td>
<td>1</td>
<td>53</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on October 25, 2024. This event was a transfer of 99 contract(s) at a $260.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $300.0 per contract. There were 14783 open contracts at this strike prior to today, and today 146403 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option trade that happens to be bullish, expiring in 85 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $2500.0 per contract. There were 8682 open contracts at this strike prior to today, and today 4210 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with neutral sentiment. It expires in 57 day(s) on December 20, 2024. Parties traded 80 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $510.0 per contract. There were 7415 open contracts at this strike prior to today, and today 3362 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option sweep that happens to be bullish, expiring in 22 day(s) on November 15, 2024. This event was a transfer of 31 contract(s) at a $190.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $950.0 per contract. There were 7773 open contracts at this strike prior to today, and today 2547 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option trade with bearish sentiment. It expires in 8 day(s) on November 1, 2024. Parties traded 190 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $142.0 per contract. There were 334 open contracts at this strike prior to today, and today 795 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on November 1, 2024. Parties traded 200 contract(s) at a $125.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $192.0 per contract. There were 561 open contracts at this strike prior to today, and today 792 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a call option trade that happens to be bullish, expiring in 22 day(s) on November 15, 2024. This event was a transfer of 96 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $262.0 per contract. There were 12934 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• Regarding JWN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>), we observe a call option trade with bearish sentiment. It expires in 36 day(s) on November 29, 2024. Parties traded 200 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $160.0 per contract. There were 0 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a call option trade that happens to be bullish, expiring in 148 day(s) on March 21, 2025. This event was a transfer of 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $130.2K, with a price of $1302.0 per contract. There were 678 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a put option sweep that happens to be bullish, expiring in 204 day(s) on May 16, 2025. This event was a transfer of 34 contract(s) at a $47.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $965.0 per contract. There were 1 open contracts at this strike prior to today, and today 53 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Consumer Discretionary Stocks Whale Activity In Today's Session

As of Oct. 21, 2024, four stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pr</a>o. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>)</h3>
<ul>
<li>On Sept. 26, Keybanc analyst Ashley Owens downgraded Nordstrom from Overweight to Sector Weight. The company's stock gained around 10% over the past five days and has a 5<a href="https://www.benzinga.com/quote/JWN">2-week high of $24.93</a>.</li>
<li>RSI Value: 76.29&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>JWN Price Action: Shares of Nordstrom gained 0.9% to close at $24.67 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"> latest JWN news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="893" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045304/image-176.png" alt="" class="wp-image-604687" style="width:701px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045304/image-176.png 893w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045304/image-176-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045304/image-176-768x711.png 768w" sizes="(max-width: 893px) 100vw, 893px" /></a></figure>
<h3 class="wp-block-heading">Toll Brothers Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>)</h3>
<ul>
<li>On Oct. 2, Oppenheimer analyst Tyler Batory maintained Toll Brothers with an Outperform and raised the price target from $168 to $189. The company's stock gained around 6% over the past five days and <a href="https://www.benzinga.com/quote/TOL">has a 52-week high</a> of $160.12.</li>
<li>RSI Value: 72.41</li>
<li>TOL Price Action: Shares of Toll Brothers rose 1.9% to close at $159.58 on Friday. </li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"> trend in TOL stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045226/image-175.png" alt="" class="wp-image-604683" style="width:677px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045226/image-175.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045226/image-175-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045226/image-175-768x708.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">Autoliv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>)</h3>
<ul>
<li>On Oct. 18, Autoliv reported better-than-expected third-quarter sales results. Mikael Bratt, President &amp; CEO said, "Light vehicle production was weak in the third quarter, declining by close to 5% globally. This was driven by a combination of inventory reductions, especially in the Americas and a high comparison base, especially in China. In this tough environment, Autoliv managed to outgrow LVP by 4pp, enabling almost unchanged sales and operating income. This is despite a $14 million cost item related to a supplier settlement." The company's stock gained around 6% over the past five days and has a <a href="https://www.benzinga.com/quote/ALV">52-week high</a> of $129.38.</li>
<li>RSI Value: 70.49</li>
<li>ALV Price Action: Shares of Autoliv gained 6% to close at $99.52 on Friday. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1">breakout in ALV shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="853" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045149/image-174.png" alt="" class="wp-image-604682" style="width:696px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045149/image-174.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045149/image-174-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045149/image-174-768x734.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
<h3 class="wp-block-heading">McDonald&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>)</h3>
<ul>
<li>On Oct. 16, TD Cowen analyst Andrew Charles maintained McDonald&#8217;s with a Hold and raised the price target from $280 to $300. The company's stock jumped around 6% over the past month and has a 52-week high is $317.18.</li>
<li>RSI Value: 82.85</li>
<li>MCD Price Action: Shares of McDonald&#8217;s gained 0.6% to close at $316.56 on Friday. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1">MCD earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045127/image-173.png" alt="" class="wp-image-604680" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045127/image-173.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045127/image-173-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045127/image-173-768x717.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41421321/dow-s-p-500-settle-at-record-high-levels-record-6th-consecutive-week-of-gains-fear-index-moves-to-e">Dow, S&amp;P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To &#8216;Extreme Greed&#8217; Zone</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

Top 4 Consumer Stocks That May Dip This Quarter

The off-price trend has taken the retail wholesale sector by storm in the current economic climate. Consumers are trying to stretch their dollars but don&#39;t want to sacrifice quality. This rules out low-quality and low-price outlets like Dollar Tree Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) or even Dollar General Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>), which sells its items for more than $1, &nbsp;where you get what you pay for in terms of cost and quality. It&#39;s the perfect storm environment for leading off-brand retailer The TJX Cos. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tjx#NYSE">TJX</a>), who operates popular off-price stores like TJ Maxx, HomeGoods, and Marshalls.
<h2>The Rise of Off-Price Retailers and Gamification of Treasure Hunting </h2>
Off-price retailers are stores that sell brand-name merchandise at deeply discounted prices, often between 20% to 60% off regular retail prices. Since they buy opportunistically in bulk, their inventory is always changing based on availability rather than seasonality. This creates a &lsquo;treasure hunting&#39; effect that gamifies shopping for bargain hunters, never knowing what great deals they may find on any given day. Off-price retailers fulfill the need to get the most bang for the buck without sacrificing quality.
Some of the most popular off-price retailers include Ross Stores Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>), Burlington Stores Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>), and Nordstrom Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>) Nordstrom Rack department stores, which now outnumber its full-price namesake locations.
<h2>TJX Companies Portfolio of Brands </h2>
TJX is the world&#39;s leading off-price apparel and home fashion retailer, with over 4,900 stores located throughout nine countries on three continents. While the most popular brands are TJ Maxx, Marshalls (Marmaxx), and HomeGoods in the United States, their other brands, Sierra, Winners, HomeSense, and TJ Maxx variations (TJX Canada and TJX International Europe and Australia), are popular in other countries. TJX is also investing $360 million for a 35% stake in Brands For Less, a major off-price retailer in Dubai, United Arab Emirates, and Saudi Arabia with over 100 stores.
Marmaxx, which combines TJ Max and Marshalls fashion apparel stores, saw 5% YoY comparable sales in the fiscal second quarter of 2025, on top of the 8% YoY comp sales from the year-ago period. HomeGoods comp sales rose 2% YoY on top of the 4% YoY comp sales last year. TJX Canada saw 2% YoY growth to $1.24 billion. TJX International, comprised of Australia and Europe, saw 4% YoY sales to $1.68 billion in the second quarter.
<h2>TJX Keeps the Momentum Flowing Into the Holiday Season</h2>
In its fiscal second-quarter 2025 earnings report, TJX beat consensus analyst estimates by 4 cents, reporting 92 cents. Revenues rose 5.6% YoY to $13.47 billion, beating $13.31 billion consensus estimates. Same-store sales (SSS) rose 4% YoY, nicely beating its guidance range of 2% to 3% YoY, completely driven by increased customer transactions. Pre-tax margin rose 50 bps to 10.9%, up from 10.4% last year. Total inventories were $6.5 billion, down from $6.4 billion in the year-ago period. TJX bought back $559 million in stock and ended the quarter with $5.3 billion in cash. The company opened its 5,000th store in the quarter.
<h2>TJX Issues Forecasts </h2>
For the third quarter of 2024, TJX sees EPS of $1.06 to $1.08, which is why of the $1.10 consensus estimates. Same-store comps are expected to be between 2% and 3%.
Full-year fiscal 2025 EPS is expected to be between $4.09 and $4.13 versus $4.03 and $4.13 consensus estimates. Full-year comps are expected to be 3% from 2% to 3%.
TJX CEO Ernie Herrman commented, &quot;The third quarter is off to a strong start, and we have numerous plans underway to drive traffic and sales. Availability of quality branded merchandise is excellent, and we are confident we will have an exciting assortment of fresh goods across all of our stores and online throughout the fall and holiday selling seasons.&quot;
<h2>TJX Stock Is in a Symmetrical Triangle Pattern</h2>
A symmetrical triangle pattern precedes a breakout or breakdown. It&#39;s comprised of a converging descending upper trendline and ascending lower trendline connected at the apex point. The breakout or breakdown occurs ahead of reaching the apex point.
<img alt="TJX stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240929173725_chartc-tjx.jpg" style="height:751px; width:915px" />
TJX gapped to $117.91 following its fiscal Q2 2025 earnings release. After peaking at $121.09, TJX formed a series of lower highs and higher lows, making up the two divergence trendlines meeting at the apex point near the upper gap-fill level of $117.91. The daily anchored VWAP is at $115.55. The daily relative strength index (RSI) has been trending lower to the 52-band. Fibonacci (Fib) pullback support levels are at $113.49, $110.62, $107.82, and $103.89.
TJX&#39;s average consensus price target is $126.76, and its highest analyst price target&nbsp;is&nbsp;$148. Analysts have given it 13 Buy ratings and 3 Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts to take advantage of the elevated premiums at the fib pullback support levels to buy the dip and write covered calls to execute a <a href="https://www.marketbeat.com/learn/options-how-to-execute-the-wheel-strategy-for-options-income/">wheel strategy</a> for income in addition to the 1.28% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/tjx-stock-a-buying-opportunity-before-the-holiday-rush/">TJX Stock: A Buying Opportunity Before the Holiday Rush</a>&quot; first appeared on MarketBeat.

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ROST

TJX Stock: A Buying Opportunity Before the Holiday Rush

Analysts' ratings for Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) over the last quarter vary from bullish to bearish, as provided by 9 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Nordstrom, presenting an average target of $22.33, a high estimate of $25.00, and a low estimate of $20.00. Witnessing a positive shift, the current average has risen by 9.84% from the previous average price target of $20.33.
<img src="https://www.benzinga.com/files/images/story/2024/1727384441_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Nordstrom by financial experts. 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>Paul Kearney</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$23.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$23.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$23.00</td>
<td>$19.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nordstrom. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Nordstrom compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Nordstrom's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Nordstrom's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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>All You Need to Know About Nordstrom</h2>
Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven 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>Financial Milestones: Nordstrom's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to 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 July, 2024, the company achieved a revenue growth rate of approximately 3.23%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 3.13%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 13.68%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Nordstrom's ROA stands out, surpassing industry averages. With an impressive ROA of 1.43%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Nordstrom's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.46, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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Expert Ratings For Nordstrom

Keybanc analyst Ashley Owens downgrades Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades Nordstrom to Sector Weight

KeyBanc Capital Markets analyst Ashley Owens downgraded Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from <a target="_blank" href="https://www.benzinga.com/quote/jwn/analyst-ratings" rel="noreferrer noopener">Overweight to Sector Weight</a>.
The analyst highlights several encouraging key priorities, including improvements in the Nordstrom banner, identification of operational efficiencies, and continued in Rack growth.
Sell-through during the second quarter&#8217;s anniversary sale met expectations, while regular-price sales and increased customer visits reflect solid brand positioning.
With over 50% of revenue and approximately 60% of profit still ahead, the analyst notes that factors such as a more promotional holiday season and consumer pressures will influence performance.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi" rel="noreferrer noopener">Stocks Rise As China Signals More Stimulus, Billionaire David Tepper Bets Big On &#8216;Everything&#8217; China-Related</a>
Looking ahead, the analyst recognizes that the possibility of a go-private transaction could impact share price momentum.
On September 4, the Nordstrom Family and Liverpool submitted a <a target="_blank" href="https://www.benzinga.com//node/40707836" rel="noreferrer noopener">proposal to acquire the company for $23 per share in cash.</a>
The analyst notes the current valuation is fair, noting that the proposed price offers limited upside compared to the previous target of around $24. While the analyst maintains a positive outlook on the firm&#8217;s strategic priorities for 2024, uncertainty surrounding the proposed transaction could weigh on potential stock price gains.
Price Action: JWN shares are trading lower by 1.55% to $22.29 at last check Thursday.
Photo via Shutterstock
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Analyst Color

Equities

General

Nordstrom Downgraded: Analyst Highlights Consumer Pressure And Potential M&A Impact

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>Keybanc analyst Noah Zatzkin downgraded the rating for Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Overweight to Sector Weight. Nordstrom shares fell 2.5% to close at $22.64 on Wednesday. <a href="https://www.benzinga.com/quote/JWN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Derek Johnston downgraded Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) from Buy to Hold, but raised the price target from $70 to $75. Regency Centers shares fell 0.2% to close at $72.40 on Wednesday. <a href="https://www.benzinga.com/quote/REG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Keegan Carl downgraded the rating for Park Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PK#NYSE">PK</a>) from Outperform to Peer Perform. Park Hotels shares fell 3.8% to close at $14.60 on Wednesday. <a href="https://www.benzinga.com/quote/PK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Alexander Blostein downgraded Northern Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Neutral to Sell, while cutting the price target from $84 to $82. Northern Trust shares fell 0.7% to close at $90.79 on Wednesday. <a href="https://www.benzinga.com/quote/NTRS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Erik Woodring downgraded the rating for Sonos, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>) from Overweight to Underweight and slashed the price target from $25 to $11. Sonos shares fell 2% to close at $12.59 on Wednesday. <a href="https://www.benzinga.com/quote/SONO/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying JWN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-1024x496.png" alt="" class="wp-image-567683" style="width:626px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-1024x496.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214.png 1387w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

NTRS

SONO

This Nordstrom Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Ulta Beauty, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulta#NASDAQ">ULTA</a>), a leading retailer in the beauty and cosmetic industry, has seen its stock price fall below critical technical thresholds, including its 200-day moving average. This moving average is an important indicator for gauging market trends and momentum. Yesterday the stock closed at $393.84, below the moving average of $436.89. The breach of this threshold heightens investors&#39; concerns about the stock&#39;s short-term outlook and signals the potential for further downside if these levels are not reclaimed.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7f/79020.jpg?v=541858321" />
Image Source: Zacks Investment Research
Shares of Ulta Beauty have dropped 22.1% in the past six months compared with the industry&#39;s 12.2% decline. The S&amp;P 500 has gained 9.4% in the same time. Currently, the stock stands below its 52-week high of $574.76.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/79017.jpg?v=1437951768" />
Image Source: Zacks Investment Research
This decline in the stock price can be attributed to a combination of broader market dynamics and specific challenges encountered by the company. Let&#39;s see whether investors should exit or if this stock is on the verge of recovery.
<h2>Decoding Headwinds Behind ULTA&#39;s Dismal Stock Performance</h2>
ULTA is encountering challenges within prestige beauty. According to Circana data for the 13 weeks ended Aug. 3, 2024, the company retained market share in mass beauty, while losing share in the prestige beauty, particularly in makeup and hair categories. ULTA is also being impacted by changing consumer purchasing behavior, as they are increasingly prioritizing value over premium offerings in the face of inflationary pressures. It is also battling increased competitive pressures with the introduction of new points of distribution for prestige beauty products.
ULTA came across some unexpected operational challenges stemming from its Enterprise Resource Planning (&quot;ERP&quot;) system transformation in the second quarter of fiscal 2024. While managing old and new systems during the transition, some disruption occurred in in-store inventory allocation. To reduce future disruption, ULTA is identifying key legacy processes causing friction and implementing proactive monitoring and dedicated support to quickly address issues as they arise.
Another aspect that impacted ULTA&#39;s performance was the effect of incremental promotions, which fell short of generating the expected sales lift. While these promotions drove traffic and sales on the company&#39;s digital platforms, they failed to generate a meaningful uplift in ULTA&#39;s brick-and-mortar stores. The increased frequency of offers, with new structures, pressured the average selling price without leading to additional purchases in stores.
<h2>ULTA&#39;s Weak Gross Margin and High Cost</h2>
Ulta Beauty experienced a contraction in gross margin in the second quarter due to lower merchandise margin and fixed cost deleverage. The merchandise margin decreased due to increased promotional activity, adverse impact from the brand mix and the continued lapping of benefits from price increases last year. For fiscal 2024, the company is expecting gross margin to decline, as lower merchandise margin and deleverage of store fixed costs are likely to be only partially offset by growth in other revenues and lower transportation costs.
Ulta Beauty also has been grappling with higher selling, general and administrative (SG&amp;A) expenses for a while now. In the second quarter of fiscal 2024, SG&amp;A expenses increased due to the deleveraging of store payroll and benefits, higher corporate overhead from strategic investments and increased store and marketing expenses.
<h2>Revised Outlook of ULTA</h2>
To adopt a more cautious approach, the company decided to revise ULTA&#39;s fiscal 2024 outlook downward at its last earnings call. ULTA now expects net sales to be in the range of $11-$11.2 billion compared with the previous guidance of $11.5-$11.6 billion. Comparable sales are expected to be flat to down 2% compared with the 2% to 3% growth projected earlier. For fiscal 2024, earnings are envisioned in the band of $22.60-$23.50 per share, lower than the earlier guided range of $25.20-$26.
<h2>ULTA&#39;s Earnings Estimates Decline</h2>
ULTA is currently in a tough spot. The Zacks Consensus Estimate for earnings per share has seen downward revisions. In the past 30 days, analysts have decreased their estimates for the current and next fiscal year by 8.9% to $23.21 and 10.5% to $25.16 per share, respectively.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d3/79016.jpg?v=2035038154" />
Image Source: Zacks Investment Research
<h2>Factors Working in ULTA&#39;s Favor</h2>
ULTA is concentrating on reinforcing its competitive position and driving stronger performance through several initiatives. These include strengthening product assortment, increasing social relevance, enhancing the digital experience, leveraging a powerful loyalty program and evolving promotional strategies.
ULTA is consistently attracting new and lapsed members to the loyalty program while experiencing healthy growth in platinum and diamond members. By the end of the second quarter of fiscal 2024, the company had 43.9 million active Ulta Beauty Rewards members, a 5% increase from the previous year. The company&#39;s brand awareness and loyalty are showing significant gains across multiple demographics.
With a distinct business model, Ulta Beauty offers unique and lasting experiences both online and in-store. Although some aspects have faced challenges, the company continues to engage effectively with customers. ULTA focuses on enhancing guest experiences, assortment, loyalty programs, services and omni-channel offerings.
<h2>Unlocking ULTA&#39;s Valuations</h2>
Although ULTA&#39;s stock is currently trading at a discount compared with its industry peers, this valuation disparity might not be as favorable as it seems. The lower price could be indicative of underlying issues rather than representing a clear investment opportunity.
ULTA is currently trading at a discount to its industry benchmarks. The stock has a forward 12-month P/E ratio of 16.09 compared with the industry&#39;s forward 12-month P/E ratio of 16.59.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f5/79003.jpg?v=1407325771" />
Image Source: Zacks Investment Research
<h2>ULTA&#39;s Investment Analysis</h2>
Ulta Beauty&#39;s stock decline points to several challenges, including slowing beauty category growth, heightened competition, changing consumer trends and ERP system disruptions. The company&#39;s reduced fiscal 2024 guidance, coupled with negative sentiment from analysts, indicates that it could face ongoing difficulties. While omnichannel expansion and loyalty program improvements are noteworthy, these may not be enough to counter current obstacles. With persistent issues and an uncertain future, investors should approach the stock with caution. Currently, Ulta Beauty stock carries a Zacks Rank #5 (Strong Sell).
<h2>Stocks to Consider</h2>
Here, we have highlighted three better-ranked stocks, namely Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>), Sprouts Farmers Market, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>) and Nordstrom, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>), currently sporting a Zacks Rank #1 (Strong Buy) each.
Abercrombie &amp; Fitch is a global, digitally-led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs. ANF has a trailing four-quarter earnings surprise of nearly 28%, on average.
The Zacks Consensus Estimate for Abercrombie &amp; Fitch&#39;s current fiscal year&#39;s sales and earnings indicates growth of 13.1% and 63.4%, respectively, from the year-ago reported numbers.
Sprouts Farmers Market engages in the retailing of fresh, natural and organic food products under the Sprouts brand in the United States. SFM has a trailing four-quarter earnings surprise of around 12%, on average.
The Zacks Consensus Estimate for Sprouts Farmers Market&#39;s current financial year&#39;s sales and earnings suggests a rise of 9.6% and 18.7%, respectively, from the year-earlier reported figures.
Nordstrom, a fashion retailer, provides apparel, shoes, beauty accessories and home goods. JWN delivered an earnings surprise of 29.7% in the last reported quarter.
The Zacks Consensus Estimate for Nordstrom&#39;s current financial year&#39;s sales implies growth of 0.6% from the year-ago reported number.
<a href="https://www.zacks.com/stock/news/2340747/ulta-beauty-trades-below-200-day-moving-average-time-to-hold-or-exit?cid=CS-BENZ-FT-analyst_blog|rank_focused-2340747">To read this article on Zacks.com click here.</a>

Offerings

ULTA

ULTA Beauty Trades Below 200-Day Moving Average: Time to Hold or Exit?

Rumors

Watching Nordstrom; Traders Circulate Unconfirmed Rumor Suggesting Ryan Cohen Could Launch A Bid For The Company

Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares are trading higher on Thursday. Goldman Sachs analyst Brooke Roach comments on the recent news of Nordstrom&#8217;s acquisition proposal by the Nordstrom family and El Puerto de Liverpool.
On Wednesday, the Nordstrom founding family made an offer to&nbsp;take the company private by acquiring all outstanding shares they do not already <a target="_blank" href="https://www.benzinga.com/news/24/09/40707836/nordstrom-stock-volatile-after-founding-family-offers-to-take-department-store-private" rel="noreferrer noopener">own for $23 per share in cash</a>.
The Nordstrom family group reportedly sent a non-binding letter to the special committee proposing a transaction that involves forming a new entity to buy the department store chain.
The Nordstrom family had earlier made attempts&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37826028/nordstrom-stock-pops-as-founding-family-looks-to-take-retailer-private-the-details" rel="noreferrer noopener">to take the company private.</a>
The recent effort comes about six years after the founding family&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11398292/nordstrom-terminates-go-private-talks-now-what" rel="noreferrer noopener">previous attempt</a>&nbsp;to take the U.S. department store operator&nbsp;private.
The analyst writes that real estate value is a key consideration, as evidenced by past department store transactions, such as the recently ended talks between Macy&#8217;s <a target="_blank" href="https://www.benzinga.com//node/39773198" rel="noreferrer noopener">and an investor buyout group.</a>
The analyst forecasts EPS of $1.98 in FY25, $2.05 in FY26, and $2.09 in FY27.
Last month, Nordstrom reported quarterly earnings of 96 cents per share, which beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details" rel="noreferrer noopener">consensus estimate of 71 cents by 35.21%</a>.
Investors can gain exposure to the stock via Invesco Exchange-Traded Fund Trust II Invesco S&amp;P Ultra Dividend Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDIV#NYSE">RDIV</a>) and Invesco S&amp;P Midcap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: JWN shares are up 0.24% at $22.84 at the last check Thursday.
Photo via Shutterstock
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

RDIV

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

What's Going On With Nordstrom Shares Thursday?

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 analyst ratings page.
<ul>
<li><a href="https://widgets.benzinga.com/analyst-stock-ratings/analyst/58bff743b85e930001906473/steven-cahall">Wells Fargo analyst Steven Cahall</a> upgraded the rating for Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) from Underweight to Equal-Weight and raised the price target from $50 to $72. Roku shares fell 2.6% to close at $63.55 on Thursday. <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst Paul Kearney upgraded Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Underweight to Equal-Weight and boosted the price target from $18 to $23. Nordstrom shares fell 0.2% to close at $22.78 on Wednesday. <a href="https://www.benzinga.com/quote/JWN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush analyst Jay McCanless upgraded Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) from Neutral to Outperform and increased the price target from $41 to $45. Beazer Homes shares fell 0.1% to close at $29.83 on Wednesday.<a href="https://www.benzinga.com/quote/BZH/analyst-ratings"> See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58aed4dab85e9300013bf4d1/ryan-macdonald">Needham analyst Ryan MacDonald</a> upgraded the rating for Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) from Hold to Buy and announced a price target of $8. Yext shares gained 2.3% to close at $4.92 on Wednesday. <a href="https://www.benzinga.com/quote/YEXT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty upgraded Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Market Perform to Outperform and increased the price target from $50 to $69. Comerica shares fell 1.8% to close at $54.83 on Wednesday. <a href="https://www.benzinga.com/quote/CMA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying JWN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="470" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-1024x470.png" alt="" class="wp-image-531884" style="width:625px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-1024x470.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-300x138.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-768x353.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8.png 1440w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Upgrades

ROKU

YEXT

This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

Barclays analyst Paul Kearney upgrades Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Underweight to Equal-Weight and raises the price target from $18 to $23.

Barclays Upgrades Nordstrom to Equal-Weight, Raises Price Target to $23

Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares are bouncing around Wednesday morning after the Nordstrom founding family made an offer to <a href="https://www.benzinga.com/pressreleases/24/09/n40705951/special-committee-of-nordstrom-board-confirms-receipt-of-going-private-transaction-proposal-from-n">take the company private</a>.
What Happened: Nordstrom has confirmed receipt of a proposal from Erik Nordstrom, Pete Nordstrom, other members of the Nordstrom family and El Puerto de Liverpool to acquire all outstanding shares they do not already own for $23 per share in cash.
Nordstrom&#8217;s board had formed a special committee of independent directors to evaluate any potential proposals in April, per Reuters. The special committee said it will review the proposal in consultation with independent financial and legal advisors to determine the best path forward for shareholders. 
The Nordstrom family group reportedly sent a non-binding letter to the special committee proposing a transaction that involves forming a new entity to buy the department store chain. 
The news comes on the back of strong <a href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details">second-quarter earnings</a> last week. The stock popped about 8% after the company beat bottom-line estimates and multiple analyst firms raised price targets. Nordstrom shares are up about 23.5% year-to-date.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40705415/dollar-tree-q2-earnings-revenue-and-eps-miss-cuts-annual-forecasts-as-customers-feel-macro-pressure">Dollar Tree Q2 Earnings: Revenue And EPS Miss, Cuts Annual Forecasts As Customers Feel Macro Pressure On Spending, Stock Tumbles</a>
JWN Price Action: <a href="http://benzinga.com/quote/jwn">Nordstrom shares</a> initially traded down near the $22 level when the go-private offer was announced before bouncing back. The stock was up 0.31% at $22.89 at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Nordstrom.

Movers

Nordstrom Stock Volatile After Founding Family Offers To Take Department Store Private

Anne E. Gittinger Reports 9.4% Stake In Nordstrom As Of Sept 3; Erik And Peter Nordstrom To Engage In Talks With Special Committee On Potential $23/Share Going Private Deal​

JP Morgan analyst Matthew Boss maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Underweight and raises the price target from $19 to $20.

JP Morgan Maintains Underweight on Nordstrom, Raises Price Target to $20

Nordstrom: Sell Due To Limited Upside

High quality 'SMID-cap' stocks with cyclical exposure – MS

Holiday blues: The retail sector is jolted by Target's earnings update

In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Nordstrom (JWN – Research Report), with a price target of ...

Telsey Advisory Reaffirms Their Hold Rating on Nordstrom (JWN)

TJX shares retreat in sympathy with retail sector as conservative outlook overshadows Q3 results

Sustainability is transforming the fashion industry, a movement driving growth and innovation in the apparel industry. Amid this backdrop, consider keeping track of three apparel brands Tapestry (TPR), PVH Corp. (PVH), and Nordstrom (JWN), that are poised to benefit. Read on… Sustainable fashion has become a core focus for apparel brands as consumers are increasingly prioritizing ethical and eco-friendly products. Brands are taking steps to integrate sustainability into their core operations and moving toward renewable sources.
Thus, investors looking to shift their portfolios with long-term environmental and financial goals might consider apparel brands like Tapestry, Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>), PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>), and Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>).
The apparel industry is one of the highest-polluting industries in the world. This is why the global ethical fashion market has been experiencing a notable transformation in the last few years.
<a href="https://esw.com/a-beginners-guide-to-ethical-sourcing-for-apparel-brands-2/">A recent survey showed that 75% of respondents</a> expressed how they want to make small changes like buying ethically sourced clothes. With that, brands are leading the change with initiatives ranging from the use of organic cotton to aggressive recycling programs.
The global apparel industry is anticipated to reach $1.78 trillion by 2029, <a href="https://www.mordorintelligence.com/industry-reports/apparel-market/market-size">exhibiting at a CAGR of 4.6%</a>, and the global sustainable fashion market is estimated to <a href="https://www.globenewswire.com/news-release/2024/04/08/2859070/0/en/Global-Sustainable-Fashion-Market-to-Hit-33-05-billion-by-2030-at-a-CAGR-of-22-9-says-Coherent-Market-Insights.html">reach $33.05 billion by 2030</a>, growing at a CAGR of 22.9%.
Sustainability initiatives often lead to <a href="https://obata.com/how-sustainability-makes-brands-more-valuable/#:~:text=When%20a%20corporation,the%20company%20brand.">long-term financial benefits for companies</a>. By reducing waste, optimizing supply chains, and increasing customer loyalty, apparel brands can improve their profitability.
In light of these encouraging trends, let's examine the fundamentals of three <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> stock picks, starting with #3.
Stock #3: Tapestry, Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>)
TPR is a global powerhouse with iconic accessories and lifestyle brands. The company operates in three brand segments: Coach, Kate Spade New York, and Stuart Weitzman. These brands offer women's handbags, women's accessories, men's products, and more.
TPR achieved the fiscal year 2025 goal of sourcing 97% of its leather from Silver- and Gold-rated LWG tanneries. It also launched a new sub-brand, Coachtopia, with a mission to accelerate the transition toward a circular economy. Tapestry also focuses on using environmentally preferred materials to create more durable finished goods.
In terms of the trailing-12-month net income margin, TPR's 12.12% is 182.2% higher than the 4.29% industry average. Similarly, its 14.85% trailing-12-month levered FCF margin is 215.8% higher than the industry average of 4.70%. Also, its trailing-12-month ROCE of 29.92% compares to the industry average of 10.61%.
For the fiscal 2025 first quarter that ended on September 28, TPR's net sales came in at $1.51 billion, while its Coach segment's sales improved marginally from the prior year's value to $1.17 billion. Its gross profit rose 3.4% year-over-year to $1.13 billion. Moreover, the company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> amounted to $186.60 million, or $0.79 per share.
According to the company's financial outlook, TPR forecasts fiscal year 2025 revenue over $6.75 billion. In addition, it anticipates its non-GAAP earnings per diluted share to be in the range of $4.50 and $4.55 and free cash flow in the range of approximately $1.1 billion.
The consensus revenue estimate of $2.11 billion for the fiscal first quarter (ending October 2024) represents a marginal increase year-over-year. The consensus EPS estimate of $1.70 for the same quarter indicates a 4.5% improvement year-over-year.
TPR shares have surged 81.2% over the past year and 35.7% over the past three months to close the last trading session at $55.09.
TPR's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an A grade for Quality and a B for Sentiment. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 61 stocks in the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #31. <a href="https://stocknews.com/stock/TPR/">Click here</a> to see the additional TPR 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.
The company launched its first sustainable supply chain finance program in fiscal 2022. PVH aims to follow the strictest water safety standards through compliance and to ensure the elimination of hazardous chemicals and microfibers from the water leaving its processing facilities. <a href="https://www.pvh.com/-/media/Files/pvh/responsibility/PVH-CR-Report-2022.pdf">PVH targets to source 100% renewable electricity</a> in owned and operated facilities by 2030 and expects all its suppliers to meet its environmental standards by 2030.  
The stock's trailing-12-month net income margin of 8.37% is 94.9% higher than the industry average of 4.29%. Similarly, its 6.61% trailing-12-month ROTA is 68.9% above the industry average of 3.91%. Also, its trailing-12-month ROCE of 14.52% compares favorably to the industry average of 10.61%.
PVH's total revenue for the second quarter (ended August 4, 2024) amounted to $2.10 billion. The company reported a non-GAAP net income of $170.20 million, indicating a 36.8% growth from the prior-year quarter, and its non-GAAP net income per share came in at $3.01, up 52% 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 $1.97 billion. Moreover, its EPS estimate of $2.79 for the same period indicates a 13.9% year-over-year growth.
Over the past year, the stock has surged 13.2%, closing the last trading session at $96.08.
PVH's POWR Ratings reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
PVH has an A grade for Value and a B for Sentiment and Quality. It is ranked #8 out of 61 stocks in the same B-rated industry. <a href="https://stocknews.com/stock/PVH/">Click here</a> to see the additional ratings for PVH (Growth, Momentum, and Stability).
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 through various channels, Nordstrom and Nordstrom Rack stores, online platforms, and Last Chance clearance outlets.
Nordstrom creates channels to refurbish, reuse, resell, or donate 250 tons of clothing and <a href="https://n.nordstrommedia.com/it/048e775c-a106-4feb-8e1c-e907a61b4136.pdf?jid=j013046-22862&amp;cm_sp=merch-_-jwn-csr:_corporate_social_responsibility_22862_j013046-_-freelayout_0_p03_0&amp;">reduces single-use plastics by 50%</a>. The company's environmental program continues to focus on water conservation and protecting biodiversity.
JWN's trailing-12-month ROCE and ROTA of 35.02% and 6.63% are 229.9% and 8.4% higher than their respective industry averages of 10.61% and 6.12%. Likewise, its trailing-12-month asset turnover ratio of 1.72x is 71.3% above the industry average of 1.00x.
During the second quarter that ended on August 3, 2024, JWN's revenue increased 3.2% year-over-year to $3.89 billion. The company's adjusted EBITDA came in at $379 million, reflecting an increase of 19.9% from the prior-year quarter, with an adjusted EBIT margin of 6.4% (up 110 bps year-over-year). Its adjusted EPS amounted to $0.96, reflecting an increase of 14.3% year-over-year. Also, JWN's free cash flow rose 37.2% from the year-ago value to $354 million.
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 $14.84 billion and $1.90, respectively. For the fiscal year 2026, its revenue and EPS are expected to grow marginally by 5.8% from the prior year to $15.13 billion and $2.01, respectively.
The stock has gained 47.1% over the past year and 10.4% over the past nine months to close the last trading session at $22.19.
JWN's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
JWN has a B grade for Value, Momentum, and Quality. It is ranked #7 in the Fashion &amp; Luxury industry. <a href="https://stocknews.com/stock/JWN/">Click here</a> to see JWN's other ratings for Growth, Stability, and Sentiment.
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TPR shares were trading at $55.09 per share on Wednesday afternoon, down $0.53 (-0.95%). Year-to-date, TPR has gained 53.30%, versus a 24.83% 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/tpr-pvh-jwn-3-thriving-apparel-brands-with-a-focus-on-sustainability/>3 Thriving Apparel Brands With a Focus on Sustainability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Thriving Apparel Brands With a Focus on Sustainability

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