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 Buy Opinion On The Goldman Sachs Group, Inc.
Research Alert: CFRA Reiterates Buy Opinion On The Goldman Sachs Group, Inc.
Apr 13, 2026
12:05 PM EDT, 04/13/2026 (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 keep our $1,000 target using a forward P/E of 16.1x, which is above the average five-year historical P/E at 15.5x on normalized earnings. We raise our 2026 EPS estimate...
Research Alert: CFRA Maintains Buy Opinion On Shares Of Rpm International Inc.
Research Alert: CFRA Maintains Buy Opinion On Shares Of Rpm International Inc.
Apr 13, 2026
12:15 PM EDT, 04/13/2026 (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 decrease our 12-month target price by $3 to $127, or 20.4x our FY27 (May) EPS estimate, which is in line with RPM's three-year average forward P/E of 20.5x. We...
Research Alert: CFRA Retains Buy Opinion On Shares Of Johnson & Johnson
Research Alert: CFRA Retains Buy Opinion On Shares Of Johnson & Johnson
Apr 14, 2026
10:40 AM EDT, 04/14/2026 (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 keep our target of $278, 22.1x our 2027 EPS view, above JNJ's 10-year historical forward P/E average, justified by its improving growth outlook. We lift our 2026 EPS view...
Research Alert: CFRA Keeps Buy Opinion On Shares Of Wells Fargo & Company
Research Alert: CFRA Keeps Buy Opinion On Shares Of Wells Fargo & Company
Apr 14, 2026
12:05 PM EDT, 04/14/2026 (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: With higher inflation expectations and a weakening low-end consumer, we cut our 12-month target price by $10 to $108, representing 13.3x our 2027 EPS estimate, above the five-year historical average...
Copyright 2023-2026 - www.financetom.com All Rights Reserved