Nordstrom, Inc. (NYSE:JWN) Announces Quarterly Earnings Results

Nordstrom Mulling Take-Private Reports Strong Second Quarter Earnings

"(NYSE:JWN) Announces Quarterly Earnings Results" was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. Four analysts have made estimates for Nordstrom's earnings. Net sales of $3.79 billion, up about 3.5% year-over-year, topped the consensus estimate of $3.79 billion; same-store sales rose 1.7% during the same period. The business is scheduled to issue its next earnings results after the market closes on Thursday, August 10th.

Analysts expect Avino Silver & Gold Mines Ltd. (NYSE:ASM) to report $ 0.03 EPS and has got OUTPERFORM rating from 5 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating.

In the Nordstrom brand, including USA and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 2.4% and comparable sales increased 1.4%. Zacks Investment Research's sales averages are an average based on a survey of sell-side research firms that follow Nordstrom.

A number of brokerages have recently commented on JWN. Vetr cut shares of Nordstrom from a "sell" rating to a "strong sell" rating and set a $41.54 price target on the stock.in a research note on Monday, July 17th. They set an "accumulate" rating and a $54.00 target price for the company. Northcoast Research reaffirmed a "neutral" rating on shares of Nordstrom in a research report on Tuesday, May 16th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. Nordstrom has an average rating of "Hold" and an average price target of $47.36.

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COPYRIGHT VIOLATION NOTICE: "Nordstrom, Inc". If you are viewing this story on another site, it was stolen and republished in violation of worldwide copyright and trademark law. Sales from Nordstrom Rewards customers represented 56 percent of second quarter sales, compared with 48 percent a year ago.

Nordstrom, Inc. (NYSE:JWN)'s stock on Wednesday traded at beginning with a price of $47.00 and when day-trade ended the stock finally declined -1.12% to reach at $46.88. Nordstrom, Inc. has a one year low of $39.05 and a one year high of $62.82. The company has a market cap of $7.47 billion, a P/E ratio of 21.06 and a beta of 0.83. The stock attained the volume of 4824269 shares contrast to its average daily volume of 1.85M shares.

Large investors have recently modified their holdings of the company. The Nwq Investment Management Company Llc holds 5,657 shares with $271,000 value, down from 132,200 last quarter. Gemmer Asset Management LLC boosted its position in shares of Nordstrom by 0.8% in the first quarter. Bank of New York Mellon Corp raised its position in shares of Nordstrom by 37.8% in the second quarter. Scopus Asset Management L.P. now owns 600,000 shares of the specialty retailer's stock valued at $27,942,000 after buying an additional 200,000 shares in the last quarter. Nwq Investment Management Company Llc sold 126,543 shares as Nordstrom Inc (JWN)'s stock declined 10.77%. Mosaic Family Wealth LLC boosted its position in shares of Nordstrom by 3.8% in the first quarter. The firm bought 13,480 shares of the specialty retailer's stock, valued at approximately $645,000. The Company's primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.

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