X
<

Nordstrom Stock Surges on Mixed Fiscal 4Q16 Results

PART:
1 2 3 4 5 6 7
Nordstrom Stock Surges on Mixed Fiscal 4Q16 Results PART 1 OF 7

Nordstrom Stock Surges on Fiscal 4Q16 Results

Market reaction

Nordstrom’s (JWN) stock price surged 5.7% to $46.46 on February 24, 2017, in reaction to the company’s fiscal 4Q16 results, which reflected the period that ended on January 28, 2017.

The company announced its fiscal 4Q16 and 2016 results after the close of the markets on February 23. Nordstrom exceeded analysts’ earnings estimates but lagged revenue expectations in fiscal 4Q16.

Nordstrom Stock Surges on Fiscal 4Q16 Results

Nordstrom Stock Surges on Fiscal 4Q16 Results

Receive e-mail alerts for new research on JCP:

Interested in JCP?
Don’t miss the next report.


Success!
You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success!
has been added to your Ticker Alerts.

Success!
has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

YTD stock movement

On February 24, Nordstrom’s stock price had fallen 3.1% on a YTD (year-to-date) basis. The company’s stock price fell in early January following the news of dismal holiday sales by peers Macy’s (M) and Kohl’s (KSS), indicating weakness in the department store sector. The sector has been under pressure over the past few quarters due to challenging macroeconomic conditions and rising competition from Amazon (AMZN) and off-price retailers such as TJX Companies (TJX).

The stock prices of Macy’s, JCPenney (JCP), and Kohl’s have fallen 7.4%, 22.3%, and 12.9%, respectively, on a YTD basis.

Nordstrom and its department store peers have underperformed the S&P 500 Index (SPX), which has risen 5.7% on a YTD basis as of February 24.

Series overview

In this series on Nordstrom’s fiscal 4Q16 results, we’ll discuss the company’s earnings, sales, and margins. We’ll also discuss the company’s capital expenditure plans given the uncertain retail environment. The series will conclude with a discussion on Nordstrom’s valuation and analyst recommendations for its stock.

X

Please select a profession that best describes you: