financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Lowers Opinion On Shares Of Nordstrom, Inc. To Sell From Hold
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Lowers Opinion On Shares Of Nordstrom, Inc. To Sell From Hold
May 31, 2024 5:56 AM

08:30 AM EDT, 05/31/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month price target of $16, based on 8.0x our FY 25 (Jan.) EPS estimate and in line with peers average forward P/E multiple. We maintain our FY 25 and FY 26 EPS estimates at $2.00, respectively. JWN posts normalized Q1 EPS of -$0.24 vs. $0.07, $0.17 below consensus estimates on revenue of $3.34B vs. $3.18B, $139M above estimates. By brand in Q1, Nordstrom banner sales increased 0.6% Y/Y, while Nordstrom Rack grew 13.8% in the quarter. Nordstrom Rack comparable store sales increased 7.9%. Q1 gross margin compressed 225 bps Y/Y to 31.6% due to timing matters, external theft, and inventory cleanup. JWN reaffirmed its full-year guidance even after the Q1 EPS miss. Although Nordstrom Rack is experiencing top-line growth, the company continues to underperform in gross and operating margin. We believe valuation is extended and do not believe Nordstrom Rack will drive margins higher over the next 12 months.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Reiterates Sell Opinion On Shares Of Tesla, Inc.
Research Alert: CFRA Reiterates Sell Opinion On Shares Of Tesla, Inc.
Apr 2, 2026
10:25 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $35 to $325, on a 2027 P/E of 114x, justified by long-term growth expectations. We lower our '26 adjusted EPS estimate to $2.20 from...
Research Alert: CFRA Maintains Hold Opinion On Shares Of General Motors Company
Research Alert: CFRA Maintains Hold Opinion On Shares Of General Motors Company
Apr 2, 2026
10:20 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $15 to $80, based on a 2027 P/E of 5.8x, a slight discount to GM's five-year average P/E of 6.0x. We lower our 2026...
Research Alert: CFRA Raises Opinion On Shares Of Rivian Automotive Inc. To Buy From Hold
Research Alert: CFRA Raises Opinion On Shares Of Rivian Automotive Inc. To Buy From Hold
Apr 2, 2026
11:40 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We maintain a 12-month target of $20, comparable to the EV peer average. We increase our 2026 adjusted EPS estimate to -$2.40 from -$2.50, but leave 2027 unchanged at -$1.95....
Research Alert: CFRA Maintains Hold Opinion On Shares Of Conagra Brands, Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Conagra Brands, Inc.
Apr 2, 2026
10:50 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target price to $16 from $19, about 9x our FY 27 (May) EPS of $1.79 (cut from $1.90 but above the current $1.72 consensus; FY 26...
Copyright 2023-2026 - www.financetom.com All Rights Reserved