JWN Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

JWN plans to expand its presence in Massachusetts with a new Rack store in Hyannis, offering a diverse collection of high-quality brands at competitive prices.

JWN, UHS and PGR are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.

KeyBanc Capital Markets analyst Ashley Owens downgraded Nordstrom JWN from Overweight to Sector Weight.

JWN is set to expand its presence in New York with a new store in Holbrook, offering a diverse collection of high-quality brands at competitive prices.

Nordstrom (JWN) reported earnings 30 days ago. What's next for the stock?

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.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

I maintain a buy rating for Nordstrom (JWN) due to the favorable macro backdrop and positive margin outlook, despite the unlikely buyout acceptance. JWN's 2Q24 earnings showed 3.4% y/y growth, with adj EPS of $0.96 beating consensus, and a 160bps gross margin expansion to 36.6%. The buyout offer at $23 per share serves as a valuation floor.

Nordstrom just announced it looks favorably on a bid from Mexican retailer El Puerto de Liverpool to help take the company private. The merger proposal is now being evaluated by a special committee made up of independent and disinterested partners to determine if it is in the “best interests of Nordstrom and all shareholders.