Dernières nouvelles pour Nordstrom (NYSE:JWN) Stock

Nordstrom

Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.

Nordstrom Inc

The off-price trend has taken the retail wholesale sector by storm in the current economic climate. Consumers are trying to stretch their dollars but don&#39;t want to sacrifice quality. This rules out low-quality and low-price outlets like Dollar Tree Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) or even Dollar General Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>), which sells its items for more than $1, &nbsp;where you get what you pay for in terms of cost and quality. It&#39;s the perfect storm environment for leading off-brand retailer The TJX Cos. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tjx#NYSE">TJX</a>), who operates popular off-price stores like TJ Maxx, HomeGoods, and Marshalls.
<h2>The Rise of Off-Price Retailers and Gamification of Treasure Hunting </h2>
Off-price retailers are stores that sell brand-name merchandise at deeply discounted prices, often between 20% to 60% off regular retail prices. Since they buy opportunistically in bulk, their inventory is always changing based on availability rather than seasonality. This creates a &lsquo;treasure hunting&#39; effect that gamifies shopping for bargain hunters, never knowing what great deals they may find on any given day. Off-price retailers fulfill the need to get the most bang for the buck without sacrificing quality.
Some of the most popular off-price retailers include Ross Stores Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>), Burlington Stores Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>), and Nordstrom Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>) Nordstrom Rack department stores, which now outnumber its full-price namesake locations.
<h2>TJX Companies Portfolio of Brands </h2>
TJX is the world&#39;s leading off-price apparel and home fashion retailer, with over 4,900 stores located throughout nine countries on three continents. While the most popular brands are TJ Maxx, Marshalls (Marmaxx), and HomeGoods in the United States, their other brands, Sierra, Winners, HomeSense, and TJ Maxx variations (TJX Canada and TJX International Europe and Australia), are popular in other countries. TJX is also investing $360 million for a 35% stake in Brands For Less, a major off-price retailer in Dubai, United Arab Emirates, and Saudi Arabia with over 100 stores.
Marmaxx, which combines TJ Max and Marshalls fashion apparel stores, saw 5% YoY comparable sales in the fiscal second quarter of 2025, on top of the 8% YoY comp sales from the year-ago period. HomeGoods comp sales rose 2% YoY on top of the 4% YoY comp sales last year. TJX Canada saw 2% YoY growth to $1.24 billion. TJX International, comprised of Australia and Europe, saw 4% YoY sales to $1.68 billion in the second quarter.
<h2>TJX Keeps the Momentum Flowing Into the Holiday Season</h2>
In its fiscal second-quarter 2025 earnings report, TJX beat consensus analyst estimates by 4 cents, reporting 92 cents. Revenues rose 5.6% YoY to $13.47 billion, beating $13.31 billion consensus estimates. Same-store sales (SSS) rose 4% YoY, nicely beating its guidance range of 2% to 3% YoY, completely driven by increased customer transactions. Pre-tax margin rose 50 bps to 10.9%, up from 10.4% last year. Total inventories were $6.5 billion, down from $6.4 billion in the year-ago period. TJX bought back $559 million in stock and ended the quarter with $5.3 billion in cash. The company opened its 5,000th store in the quarter.
<h2>TJX Issues Forecasts </h2>
For the third quarter of 2024, TJX sees EPS of $1.06 to $1.08, which is why of the $1.10 consensus estimates. Same-store comps are expected to be between 2% and 3%.
Full-year fiscal 2025 EPS is expected to be between $4.09 and $4.13 versus $4.03 and $4.13 consensus estimates. Full-year comps are expected to be 3% from 2% to 3%.
TJX CEO Ernie Herrman commented, &quot;The third quarter is off to a strong start, and we have numerous plans underway to drive traffic and sales. Availability of quality branded merchandise is excellent, and we are confident we will have an exciting assortment of fresh goods across all of our stores and online throughout the fall and holiday selling seasons.&quot;
<h2>TJX Stock Is in a Symmetrical Triangle Pattern</h2>
A symmetrical triangle pattern precedes a breakout or breakdown. It&#39;s comprised of a converging descending upper trendline and ascending lower trendline connected at the apex point. The breakout or breakdown occurs ahead of reaching the apex point.
<img alt="TJX stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240929173725_chartc-tjx.jpg" style="height:751px; width:915px" />
TJX gapped to $117.91 following its fiscal Q2 2025 earnings release. After peaking at $121.09, TJX formed a series of lower highs and higher lows, making up the two divergence trendlines meeting at the apex point near the upper gap-fill level of $117.91. The daily anchored VWAP is at $115.55. The daily relative strength index (RSI) has been trending lower to the 52-band. Fibonacci (Fib) pullback support levels are at $113.49, $110.62, $107.82, and $103.89.
TJX&#39;s average consensus price target is $126.76, and its highest analyst price target&nbsp;is&nbsp;$148. Analysts have given it 13 Buy ratings and 3 Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts to take advantage of the elevated premiums at the fib pullback support levels to buy the dip and write covered calls to execute a <a href="https://www.marketbeat.com/learn/options-how-to-execute-the-wheel-strategy-for-options-income/">wheel strategy</a> for income in addition to the 1.28% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/tjx-stock-a-buying-opportunity-before-the-holiday-rush/">TJX Stock: A Buying Opportunity Before the Holiday Rush</a>&quot; first appeared on MarketBeat.

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ROST

TJX Stock: A Buying Opportunity Before the Holiday Rush

Analysts' ratings for Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) over the last quarter vary from bullish to bearish, as provided by 9 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Nordstrom, presenting an average target of $22.33, a high estimate of $25.00, and a low estimate of $20.00. Witnessing a positive shift, the current average has risen by 9.84% from the previous average price target of $20.33.
<img src="https://www.benzinga.com/files/images/story/2024/1727384441_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Nordstrom by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paul Kearney</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$23.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$23.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$23.00</td>
<td>$19.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nordstrom. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Nordstrom compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Nordstrom's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Nordstrom's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/JWN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Nordstrom analyst ratings.</a>
<h2>All You Need to Know About Nordstrom</h2>
Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.
<h3>Financial Milestones: Nordstrom's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Nordstrom's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 3.23%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 3.13%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 13.68%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Nordstrom's ROA stands out, surpassing industry averages. With an impressive ROA of 1.43%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Nordstrom's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.46, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Nordstrom

Keybanc analyst Ashley Owens downgrades Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades Nordstrom to Sector Weight

KeyBanc Capital Markets analyst Ashley Owens downgraded Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from <a target="_blank" href="https://www.benzinga.com/quote/jwn/analyst-ratings" rel="noreferrer noopener">Overweight to Sector Weight</a>.
The analyst highlights several encouraging key priorities, including improvements in the Nordstrom banner, identification of operational efficiencies, and continued in Rack growth.
Sell-through during the second quarter&#8217;s anniversary sale met expectations, while regular-price sales and increased customer visits reflect solid brand positioning.
With over 50% of revenue and approximately 60% of profit still ahead, the analyst notes that factors such as a more promotional holiday season and consumer pressures will influence performance.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi" rel="noreferrer noopener">Stocks Rise As China Signals More Stimulus, Billionaire David Tepper Bets Big On &#8216;Everything&#8217; China-Related</a>
Looking ahead, the analyst recognizes that the possibility of a go-private transaction could impact share price momentum.
On September 4, the Nordstrom Family and Liverpool submitted a <a target="_blank" href="https://www.benzinga.com//node/40707836" rel="noreferrer noopener">proposal to acquire the company for $23 per share in cash.</a>
The analyst notes the current valuation is fair, noting that the proposed price offers limited upside compared to the previous target of around $24. While the analyst maintains a positive outlook on the firm&#8217;s strategic priorities for 2024, uncertainty surrounding the proposed transaction could weigh on potential stock price gains.
Price Action: JWN shares are trading lower by 1.55% to $22.29 at last check Thursday.
Photo via Shutterstock
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Analyst Color

Equities

General

Nordstrom Downgraded: Analyst Highlights Consumer Pressure And Potential M&A Impact

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 <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc analyst Noah Zatzkin downgraded the rating for Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Overweight to Sector Weight. Nordstrom shares fell 2.5% to close at $22.64 on Wednesday. <a href="https://www.benzinga.com/quote/JWN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Derek Johnston downgraded Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) from Buy to Hold, but raised the price target from $70 to $75. Regency Centers shares fell 0.2% to close at $72.40 on Wednesday. <a href="https://www.benzinga.com/quote/REG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Keegan Carl downgraded the rating for Park Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PK#NYSE">PK</a>) from Outperform to Peer Perform. Park Hotels shares fell 3.8% to close at $14.60 on Wednesday. <a href="https://www.benzinga.com/quote/PK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Alexander Blostein downgraded Northern Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Neutral to Sell, while cutting the price target from $84 to $82. Northern Trust shares fell 0.7% to close at $90.79 on Wednesday. <a href="https://www.benzinga.com/quote/NTRS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Erik Woodring downgraded the rating for Sonos, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>) from Overweight to Underweight and slashed the price target from $25 to $11. Sonos shares fell 2% to close at $12.59 on Wednesday. <a href="https://www.benzinga.com/quote/SONO/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying JWN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-1024x496.png" alt="" class="wp-image-567683" style="width:626px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-1024x496.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26085732/image-214.png 1387w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

NTRS

SONO

This Nordstrom Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Ulta Beauty, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulta#NASDAQ">ULTA</a>), a leading retailer in the beauty and cosmetic industry, has seen its stock price fall below critical technical thresholds, including its 200-day moving average. This moving average is an important indicator for gauging market trends and momentum. Yesterday the stock closed at $393.84, below the moving average of $436.89. The breach of this threshold heightens investors&#39; concerns about the stock&#39;s short-term outlook and signals the potential for further downside if these levels are not reclaimed.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7f/79020.jpg?v=541858321" />
Image Source: Zacks Investment Research
Shares of Ulta Beauty have dropped 22.1% in the past six months compared with the industry&#39;s 12.2% decline. The S&amp;P 500 has gained 9.4% in the same time. Currently, the stock stands below its 52-week high of $574.76.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/79017.jpg?v=1437951768" />
Image Source: Zacks Investment Research
This decline in the stock price can be attributed to a combination of broader market dynamics and specific challenges encountered by the company. Let&#39;s see whether investors should exit or if this stock is on the verge of recovery.
<h2>Decoding Headwinds Behind ULTA&#39;s Dismal Stock Performance</h2>
ULTA is encountering challenges within prestige beauty. According to Circana data for the 13 weeks ended Aug. 3, 2024, the company retained market share in mass beauty, while losing share in the prestige beauty, particularly in makeup and hair categories. ULTA is also being impacted by changing consumer purchasing behavior, as they are increasingly prioritizing value over premium offerings in the face of inflationary pressures. It is also battling increased competitive pressures with the introduction of new points of distribution for prestige beauty products.
ULTA came across some unexpected operational challenges stemming from its Enterprise Resource Planning (&quot;ERP&quot;) system transformation in the second quarter of fiscal 2024. While managing old and new systems during the transition, some disruption occurred in in-store inventory allocation. To reduce future disruption, ULTA is identifying key legacy processes causing friction and implementing proactive monitoring and dedicated support to quickly address issues as they arise.
Another aspect that impacted ULTA&#39;s performance was the effect of incremental promotions, which fell short of generating the expected sales lift. While these promotions drove traffic and sales on the company&#39;s digital platforms, they failed to generate a meaningful uplift in ULTA&#39;s brick-and-mortar stores. The increased frequency of offers, with new structures, pressured the average selling price without leading to additional purchases in stores.
<h2>ULTA&#39;s Weak Gross Margin and High Cost</h2>
Ulta Beauty experienced a contraction in gross margin in the second quarter due to lower merchandise margin and fixed cost deleverage. The merchandise margin decreased due to increased promotional activity, adverse impact from the brand mix and the continued lapping of benefits from price increases last year. For fiscal 2024, the company is expecting gross margin to decline, as lower merchandise margin and deleverage of store fixed costs are likely to be only partially offset by growth in other revenues and lower transportation costs.
Ulta Beauty also has been grappling with higher selling, general and administrative (SG&amp;A) expenses for a while now. In the second quarter of fiscal 2024, SG&amp;A expenses increased due to the deleveraging of store payroll and benefits, higher corporate overhead from strategic investments and increased store and marketing expenses.
<h2>Revised Outlook of ULTA</h2>
To adopt a more cautious approach, the company decided to revise ULTA&#39;s fiscal 2024 outlook downward at its last earnings call. ULTA now expects net sales to be in the range of $11-$11.2 billion compared with the previous guidance of $11.5-$11.6 billion. Comparable sales are expected to be flat to down 2% compared with the 2% to 3% growth projected earlier. For fiscal 2024, earnings are envisioned in the band of $22.60-$23.50 per share, lower than the earlier guided range of $25.20-$26.
<h2>ULTA&#39;s Earnings Estimates Decline</h2>
ULTA is currently in a tough spot. The Zacks Consensus Estimate for earnings per share has seen downward revisions. In the past 30 days, analysts have decreased their estimates for the current and next fiscal year by 8.9% to $23.21 and 10.5% to $25.16 per share, respectively.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d3/79016.jpg?v=2035038154" />
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<h2>Factors Working in ULTA&#39;s Favor</h2>
ULTA is concentrating on reinforcing its competitive position and driving stronger performance through several initiatives. These include strengthening product assortment, increasing social relevance, enhancing the digital experience, leveraging a powerful loyalty program and evolving promotional strategies.
ULTA is consistently attracting new and lapsed members to the loyalty program while experiencing healthy growth in platinum and diamond members. By the end of the second quarter of fiscal 2024, the company had 43.9 million active Ulta Beauty Rewards members, a 5% increase from the previous year. The company&#39;s brand awareness and loyalty are showing significant gains across multiple demographics.
With a distinct business model, Ulta Beauty offers unique and lasting experiences both online and in-store. Although some aspects have faced challenges, the company continues to engage effectively with customers. ULTA focuses on enhancing guest experiences, assortment, loyalty programs, services and omni-channel offerings.
<h2>Unlocking ULTA&#39;s Valuations</h2>
Although ULTA&#39;s stock is currently trading at a discount compared with its industry peers, this valuation disparity might not be as favorable as it seems. The lower price could be indicative of underlying issues rather than representing a clear investment opportunity.
ULTA is currently trading at a discount to its industry benchmarks. The stock has a forward 12-month P/E ratio of 16.09 compared with the industry&#39;s forward 12-month P/E ratio of 16.59.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f5/79003.jpg?v=1407325771" />
Image Source: Zacks Investment Research
<h2>ULTA&#39;s Investment Analysis</h2>
Ulta Beauty&#39;s stock decline points to several challenges, including slowing beauty category growth, heightened competition, changing consumer trends and ERP system disruptions. The company&#39;s reduced fiscal 2024 guidance, coupled with negative sentiment from analysts, indicates that it could face ongoing difficulties. While omnichannel expansion and loyalty program improvements are noteworthy, these may not be enough to counter current obstacles. With persistent issues and an uncertain future, investors should approach the stock with caution. Currently, Ulta Beauty stock carries a Zacks Rank #5 (Strong Sell).
<h2>Stocks to Consider</h2>
Here, we have highlighted three better-ranked stocks, namely Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>), Sprouts Farmers Market, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>) and Nordstrom, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>), currently sporting a Zacks Rank #1 (Strong Buy) each.
Abercrombie &amp; Fitch is a global, digitally-led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs. ANF has a trailing four-quarter earnings surprise of nearly 28%, on average.
The Zacks Consensus Estimate for Abercrombie &amp; Fitch&#39;s current fiscal year&#39;s sales and earnings indicates growth of 13.1% and 63.4%, respectively, from the year-ago reported numbers.
Sprouts Farmers Market engages in the retailing of fresh, natural and organic food products under the Sprouts brand in the United States. SFM has a trailing four-quarter earnings surprise of around 12%, on average.
The Zacks Consensus Estimate for Sprouts Farmers Market&#39;s current financial year&#39;s sales and earnings suggests a rise of 9.6% and 18.7%, respectively, from the year-earlier reported figures.
Nordstrom, a fashion retailer, provides apparel, shoes, beauty accessories and home goods. JWN delivered an earnings surprise of 29.7% in the last reported quarter.
The Zacks Consensus Estimate for Nordstrom&#39;s current financial year&#39;s sales implies growth of 0.6% from the year-ago reported number.
<a href="https://www.zacks.com/stock/news/2340747/ulta-beauty-trades-below-200-day-moving-average-time-to-hold-or-exit?cid=CS-BENZ-FT-analyst_blog|rank_focused-2340747">To read this article on Zacks.com click here.</a>

Offerings

ULTA

ULTA Beauty Trades Below 200-Day Moving Average: Time to Hold or Exit?

Rumors

Watching Nordstrom; Traders Circulate Unconfirmed Rumor Suggesting Ryan Cohen Could Launch A Bid For The Company

Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares are trading higher on Thursday. Goldman Sachs analyst Brooke Roach comments on the recent news of Nordstrom&#8217;s acquisition proposal by the Nordstrom family and El Puerto de Liverpool.
On Wednesday, the Nordstrom founding family made an offer to&nbsp;take the company private by acquiring all outstanding shares they do not already <a target="_blank" href="https://www.benzinga.com/news/24/09/40707836/nordstrom-stock-volatile-after-founding-family-offers-to-take-department-store-private" rel="noreferrer noopener">own for $23 per share in cash</a>.
The Nordstrom family group reportedly sent a non-binding letter to the special committee proposing a transaction that involves forming a new entity to buy the department store chain.
The Nordstrom family had earlier made attempts&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37826028/nordstrom-stock-pops-as-founding-family-looks-to-take-retailer-private-the-details" rel="noreferrer noopener">to take the company private.</a>
The recent effort comes about six years after the founding family&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11398292/nordstrom-terminates-go-private-talks-now-what" rel="noreferrer noopener">previous attempt</a>&nbsp;to take the U.S. department store operator&nbsp;private.
The analyst writes that real estate value is a key consideration, as evidenced by past department store transactions, such as the recently ended talks between Macy&#8217;s <a target="_blank" href="https://www.benzinga.com//node/39773198" rel="noreferrer noopener">and an investor buyout group.</a>
The analyst forecasts EPS of $1.98 in FY25, $2.05 in FY26, and $2.09 in FY27.
Last month, Nordstrom reported quarterly earnings of 96 cents per share, which beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details" rel="noreferrer noopener">consensus estimate of 71 cents by 35.21%</a>.
Investors can gain exposure to the stock via Invesco Exchange-Traded Fund Trust II Invesco S&amp;P Ultra Dividend Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDIV#NYSE">RDIV</a>) and Invesco S&amp;P Midcap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: JWN shares are up 0.24% at $22.84 at the last check Thursday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/general/politics/24/09/40731719/goldman-sachs-kamala-harris-victory-bodes-well-for-us-economy-trump-tariffs-will-drive-up-inflat" target="_blank" rel="noreferrer noopener">Goldman Sachs: Kamala Harris Victory Bodes Well For US Economy, Trump Tariffs Will Drive Up Inflation</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

RDIV

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

What's Going On With Nordstrom Shares Thursday?

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.
<ul>
<li><a href="https://widgets.benzinga.com/analyst-stock-ratings/analyst/58bff743b85e930001906473/steven-cahall">Wells Fargo analyst Steven Cahall</a> upgraded the rating for Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) from Underweight to Equal-Weight and raised the price target from $50 to $72. Roku shares fell 2.6% to close at $63.55 on Thursday. <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst Paul Kearney upgraded Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Underweight to Equal-Weight and boosted the price target from $18 to $23. Nordstrom shares fell 0.2% to close at $22.78 on Wednesday. <a href="https://www.benzinga.com/quote/JWN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush analyst Jay McCanless upgraded Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) from Neutral to Outperform and increased the price target from $41 to $45. Beazer Homes shares fell 0.1% to close at $29.83 on Wednesday.<a href="https://www.benzinga.com/quote/BZH/analyst-ratings"> See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58aed4dab85e9300013bf4d1/ryan-macdonald">Needham analyst Ryan MacDonald</a> upgraded the rating for Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) from Hold to Buy and announced a price target of $8. Yext shares gained 2.3% to close at $4.92 on Wednesday. <a href="https://www.benzinga.com/quote/YEXT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty upgraded Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Market Perform to Outperform and increased the price target from $50 to $69. Comerica shares fell 1.8% to close at $54.83 on Wednesday. <a href="https://www.benzinga.com/quote/CMA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying JWN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="470" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-1024x470.png" alt="" class="wp-image-531884" style="width:625px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-1024x470.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-300x138.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8-768x353.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05083120/image-1-8.png 1440w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Upgrades

ROKU

YEXT

This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

Barclays analyst Paul Kearney upgrades Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from Underweight to Equal-Weight and raises the price target from $18 to $23.

Barclays Upgrades Nordstrom to Equal-Weight, Raises Price Target to $23

Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) shares are bouncing around Wednesday morning after the Nordstrom founding family made an offer to <a href="https://www.benzinga.com/pressreleases/24/09/n40705951/special-committee-of-nordstrom-board-confirms-receipt-of-going-private-transaction-proposal-from-n">take the company private</a>.
What Happened: Nordstrom has confirmed receipt of a proposal from Erik Nordstrom, Pete Nordstrom, other members of the Nordstrom family and El Puerto de Liverpool to acquire all outstanding shares they do not already own for $23 per share in cash.
Nordstrom&#8217;s board had formed a special committee of independent directors to evaluate any potential proposals in April, per Reuters. The special committee said it will review the proposal in consultation with independent financial and legal advisors to determine the best path forward for shareholders. 
The Nordstrom family group reportedly sent a non-binding letter to the special committee proposing a transaction that involves forming a new entity to buy the department store chain. 
The news comes on the back of strong <a href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details">second-quarter earnings</a> last week. The stock popped about 8% after the company beat bottom-line estimates and multiple analyst firms raised price targets. Nordstrom shares are up about 23.5% year-to-date.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40705415/dollar-tree-q2-earnings-revenue-and-eps-miss-cuts-annual-forecasts-as-customers-feel-macro-pressure">Dollar Tree Q2 Earnings: Revenue And EPS Miss, Cuts Annual Forecasts As Customers Feel Macro Pressure On Spending, Stock Tumbles</a>
JWN Price Action: <a href="http://benzinga.com/quote/jwn">Nordstrom shares</a> initially traded down near the $22 level when the go-private offer was announced before bouncing back. The stock was up 0.31% at $22.89 at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Nordstrom.

Movers

Nordstrom Stock Volatile After Founding Family Offers To Take Department Store Private

Anne E. Gittinger Reports 9.4% Stake In Nordstrom As Of Sept 3; Erik And Peter Nordstrom To Engage In Talks With Special Committee On Potential $23/Share Going Private Deal​

JP Morgan analyst Matthew Boss maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Underweight and raises the price target from $19 to $20.

JP Morgan Maintains Underweight on Nordstrom, Raises Price Target to $20

Nordstrom (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 29.73%. A quarter ago, it was expected that this department store operator would post a loss of $0.08 per share when it actually produced a loss of $0.24, delivering a surprise of -200%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Nordstrom, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $3.89 billion for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $3.77 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Nordstrom shares have added about 17.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 17.8%.
<h2>What&#39;s Next for Nordstrom?</h2>
While Nordstrom has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nordstrom: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.26 on $3.28 billion in revenues for the coming quarter and $1.77 on $14.73 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Vera Bradley (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vra#NASDAQ">VRA</a>), another stock in the same industry, has yet to report results for the quarter ended July 2024. The results are expected to be released on September 11.
This handbag and accessories company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -6.1%. The consensus EPS estimate for the quarter has been revised 15.2% lower over the last 30 days to the current level.
Vera Bradley&#39;s revenues are expected to be $120.53 million, down 6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2327929/nordstrom-jwn-beats-q2-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2327929">To read this article on Zacks.com click here.</a>

Small Cap

Nordstrom Beats Q2 Earnings and Revenue Estimates

Telsey Advisory Group analyst Dana Telsey maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Market Perform and raises the price target from $23 to $24.

Telsey Advisory Group Maintains Market Perform on Nordstrom, Raises Price Target to $24

Wall Street faces a wave of risk-off sentiment on Wednesday, as traders adopt a cautious stance ahead of NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings, which are set to be released <a href="https://www.benzinga.com/trading-ideas/24/08/40604296/nvidias-next-earnings-report-could-swing-its-market-cap-by-300-billion-and-increase-the-s-p-500-gai">after the market close.</a>
At midday trading in New York, all major equity indices were in the red, weighed down by broad declines in chipmakers and tech stocks.
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) fell 2%, underperforming the broader tech-heavy Nasdaq 100, down 1.1%. 
The CBOE Volatility Index or VIX, a key barometer of the fear in the market, rose 8%. 
As the last of the Magnificent Seven megacaps to report earnings, Nvidia&#8217;s results are viewed as a crucial indicator of whether the recent market rebound has more room to run, potentially pushing toward new all-time highs, or if it&#8217;s time for investors to dial back risk.
Key metrics to watch include whether Nvidia surpasses the projected $28.7 billion in quarterly revenue — a staggering 156% increase from the same quarter last year — and $0.645 earnings per share, more than triple from the same period in 2022. 
Nvidia&#8217;s forward guidance will also be critical, as investors seek insight into the demand for its leading AI-related chips and any challenges posed by China.
In a significant achievement during Wednesday&#8217;s session, Warren Buffett&#8217;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) reached <a href="https://www.benzinga.com/top-stories/24/08/40604676/warren-buffetts-berkshire-hathaway-breaks-1-trillion-poll-points-to-big-pharma-not-tech-as-next-cont">the milestone of a $1 trillion market valuation.</a>
The U.S. dollar is showing a modest recovery, up 0.4% after closing Tuesday at its lowest level since July 2023. Treasury yields remain stable, while gold is struggling, down 0.6%, with silver experiencing a sharper 2% decline.
Oil prices continue to fall, with WTI crude down 1.3%, as traders unload the risk premium amid easing geopolitical tensions in the Middle East and less concerning Libyan production disruptions than initially feared.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains under pressure, down 1% to $58,850, following a more than 7% decline over the past two sessions.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,053.09</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,592.49</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,191.39</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,362.15</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:10 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.7% down to $557.94.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased down 0.4% to $411.11.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 1.2% to $470.98.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $217.34.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 0.2%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down by 1.5%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Super Micro Computer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NYSE">SMCI</a>) plunged 26% after announcing it won&#8217;t meet the deadline to file its annual Form 10-K for the fiscal year ended June 30. This comes just a day after short-seller <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40606308/super-micro-computer-short-report-shows-limited-evidence-of-accounting-wrongdoing-a">Hindenburg Research released</a> a report accusing the company of accounting manipulation.</li>
<li>Other crypto-related stocks weakened, with CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) down 5.3%, 4.7% and 4.6% respectively. </li>
<li>Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) rallied 14% in reaction to its upbeat quarterly earnings.</li>
<li>Other stocks reacting to company earnings were Abercrombie &amp; Fitch Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) down 17%, Ambarella Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) up 9%, Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) down 6%, Box Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) up 7.5%, Donaldson Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) down 4.3%, Foot Locker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) down 12%, Nordstrom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) up 4%, PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) up 6.6%, SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) down 2% and J.M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) down 5.8%.</li>
<li>Companies reporting after the close included Nvidia Corp., Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>), Cooper Companies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) and Victoria Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>).</li>
</ul>
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40604424/10-etfs-poised-for-wild-swings-following-nvidia-earnings">10 ETFs Poised For Wild Swings Following Nvidia Earnings</a> Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today! Photo: Shutterstock</li>
</ul>

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Cryptocurrency

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ETFs

$BTC

AFRM

AMBA

BBWI

CHWY

CLSK

COIN

CRWD

SPDR Dow Jones Industrial Average ETF Trust

FIVE

MARA

NTAP

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US Stocks, Chipmakers Fall Ahead Of Nvidia Earnings, Berkshire Hits $1 Trillion, Super Micro Computer Sinks: What's Driving Markets Wednesday?

Shares of Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) climbed in early trading on Wednesday, after the company reported <a href="https://www.benzinga.com/24/08/40594768/why-nordstrom-shares-are-trading-higher-by-around-8-here-are-20-stocks-moving-premarket">upbeat second-quarter earnings</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Telsey Advisory Group <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5888c53977f9dd0001877a22/dana-telsey">analyst Dana Telsey</a> reiterated a Market Perform rating, while raising the price target from $23 to $24.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60eef53155f722000105d101/brooke-roach">analyst Brooke Roach</a> maintained a Neutral rating, while lifting the price target from $19 to $21.</li>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586bcbd9351b9b0001ab738c/matthew-boss">analyst Matthew Boss</a> reaffirmed an Underweight rating, while raising the price target from $19 to $20.</li>
<li>BMO Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/583f220faae83900016b3aee/simeon-siegel">analyst Simeon Siegel</a> maintained a Market Perform rating, while lifting the price target from $20 to $22.</li>
<li>KeyBanc Capital Markets analyst Ashley Owens reiterated an Overweight rating and price target of $24.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Telsey Advisory Group: Nordstrom reported adjusted earnings of 96 cents per share, surpassing the consensus estimate of 71 cents per share thanks to better gross margins, despite an increase in expenses. Gross margins expanded by 160 basis points (bps) to 36.6%, "primarily due to strong regular price sales and leverage on higher revenue," she added.
Management's guidance "still reflects caution," with continued macro environment uncertainty, the analyst stated. 
"Building on the first half momentum, JWN raised the lower end of its annual guide, which we view as a vote of confidence in the rest of the year despite continued macro uncertainties," she further wrote.
Goldman Sachs: Comps slowed sequentially "from the strength observed in 1Q," Roach said. Management indicated that the Nordstrom Anniversary Sale performed in-line with expectations, "with particularly strong results from their private label brand portfolio, active (+DD), women's apparel, beauty, and kids," she added.
"Against a choppy macro backdrop, the positive comp trends in both banners at strong margins (including a gross margin beat) are encouraging," the analyst wrote. Although management's guidance reflects caution in forecasting the back half of the year, investors are likely to focus on the "sustainability of consumer engagement in the holiday season at both banners," she further stated.
JPMorgan: Nordstrom recorded net sales growth of 3.4%, which was "almost entirely led by the Nordstrom Rack banner, Boss said. Full-Line net sales grew by merely 0.9%, missing the estimates, he added.
Digging deeper, management's guidance implies a decline in total revenues of around 3% year-on-year in the back half of the year, the analyst stated. "In addition, management cited expectations for "pressure" on 3Q gross margin due to softer topline expectations &amp; higher B&amp;O deleverage," he further wrote.
BMO Capital Markets: Both banners grew for the second consecutive quarter, Siegel said. While the Nordstrom brand grew by 1% "following 1Q&#8217;s positive inflection (after 6 quarters of declines)," Rack grew by 8.5%, he added.
Anniversary Sale net sales benefited the quarter by around 100 bps, which was lower than expected possibly due to a "weaker end to the sale," the analyst stated. This was the first time since the third quarter of 2023 that Nordstrom recorded a better gross margin "than the group median," he further wrote.
KeyBanc Capital Markets: "JWN&#8217;s execution of customer experience efforts, compelling merchandise and flow, and digital growth across both banners supported strong regular-price sales and customer count/trips," Owens wrote in a note. The company also highlighted that Nordstrom private brands were gaining traction, with double-digit growth across both banners, he added.
Nordstrom raised the low end of its full-year guidance, "while remaining prudent," the analyst stated. "Guidance continues to imply softer comps in the 2H, with 3Q impacted by ~100 bps due to timing shift out of Anniv. sale, and the -135 bps impact from 1 fewer week this year," he further said.
JWN Price Action: Shares of Nordstrom had risen by 4.45% to $22.08 at the time of publication on Wednesday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40597015/will-nvidia-continue-to-deliver-investors-sweat-over-hyped-up-expectations-and-pote">Will Nvidia Continue To Deliver? Investors Sweat Over Hyped-up Expectations And Potential Blackwell Delay Ahead Of Q2 Report</a>
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Reiteration

Nordstrom Beats Q2 Earnings But Guidance Shows A Decline In This Key Matrix: 4 Analysts Revise Forecasts

BMO Capital analyst Simeon Siegel maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Market Perform and raises the price target from $20 to $22.

BMO Capital Maintains Market Perform on Nordstrom, Raises Price Target to $22

Goldman Sachs analyst Brooke Roach maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Neutral and raises the price target from $19 to $21.

Goldman Sachs Maintains Neutral on Nordstrom, Raises Price Target to $21

TD Cowen analyst Oliver Chen maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Hold and raises the price target from $24 to $25.

TD Cowen Maintains Hold on Nordstrom, Raises Price Target to $25

Barclays moves to the sidelines on Nordstrom's take-private bid

Nordstrom: Business Continues To Benefit From The Macro Backdrop

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Pockets of strength in the retail sales report included personal care, e-commerce, and electronics

Christmas is coming early this year, as retailers face economic worries, late Thanksgiving

The apparel industry is set to hit its stride, with technological advancements, rising demand, and increased consumer spending paving the way for substantial growth. To ride this wave of opportunity, one could consider snapping up shares of top-rated apparel stocks Burlington Stores (BURL), Nordstrom (JWN), and J.Jill (JILL) for solid returns. Read on… The apparel industry is poised for robust growth owing to technological advancements and rising demand. Amid this backdrop, fundamentally robust apparel stocks Burlington Stores, Inc. (<a href="https://stocknews.com/stock/BURL/">BURL</a>), Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>), and J.Jill, Inc. (<a href="https://stocknews.com/stock/JILL/">JILL</a>) are well-positioned to capitalize on the industry's positive momentum.
The industry is on the verge of transformative changes in 2024, spurred by technological advancements and evolving consumer behaviors. These shifts are reshaping fashion trends and creating fertile ground for growth, positioning the sector to expand and capitalize on new opportunities.
Artificial intelligence is set to transform the apparel landscape by optimizing manufacturing, design, and sales processes. With <a href="https://apparelmagic.com/top-industry-trends-for-the-apparel-industry-in-2024/">personalized shopping experiences</a> driven by consumer data, AI will tailor product offerings and marketing strategies, improving customer satisfaction and driving industry growth.
Immersive technologies like virtual try-ons and augmented reality are further changing the shopping experience by allowing customers to visualize clothes before purchasing. This innovation is enhancing customer engagement and satisfaction, driving the sector's expansion as these tools become more widely adopted.
Moreover, retail data shows <a href="https://edition.cnn.com/2024/09/17/economy/us-retail-sales-august/index.html">a 0.1% increase</a> in U.S. consumer spending for August, surpassing expectations. <a href="https://www.forbes.com/advisor/investing/current-inflation-rate/">With inflation easing</a>, this spending boost indicates a favorable environment for the apparel industry. Strong consumer demand, a key driver of the economy, would benefit the sector as it continues to grow and expand.
Looking forward, the global apparel market is forecasted to grow at <a href="https://www.grandviewresearch.com/industry-analysis/apparel-market-report">a CAGR of 4.1%</a>, reaching $2.26 trillion by 2030. This projection reflects the industry's potential to thrive, fueled by technological innovations and positive economic conditions, setting the stage for sustained expansion.
Considering these trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry stocks, starting with #3.
Stock #3: Burlington Stores, Inc. (<a href="https://stocknews.com/stock/BURL/">BURL</a>)
BURL is an off-price retailer that sells branded apparel, footwear, accessories, and home goods at reduced costs. The company also offers a wide range of fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats.
On August 31, BlackRock, Inc. (<a href="https://stocknews.com/stock/BLK/">BLK</a>), a prominent global investment firm, significantly <a href="https://finance.yahoo.com/news/blackrock-inc-strategic-acquisition-burlington-052720628.html">boosted its stake in BURL</a> by purchasing 163,876 additional shares at $268.24 per share. The strategic investment highlights BLK's strong belief in BRUL's promising growth opportunities and its positive outlook on the company's future performance.
BURL's trailing-12-month gross profit margin of 43.08% is 15.8% higher than the 37.19% industry average. Moreover, the stock's trailing-12-month ROCE, ROTC, and ROTA of 45.17%, 7.24%, and 5.48% are 299%, 19%, and 32.8% higher than the industry averages of 11.32%, 6.08%, and 4.12%, respectively.
BURL's revenue for the fiscal 2024 second quarter, which ended on August 3, increased 13.4% year-over-year to $2.47 billion. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> rose 43.3% from the year-ago value to $201.84 million. Additionally, the company's adjusted net income amounted to $77.49 million, or $1.20 per share, up 99.3% and 100% year-over-year, respectively.
For the fiscal 2024 third quarter, BURL anticipates <a href="https://www.burlingtoninvestors.com/news-releases/news-release-details/burlington-stores-inc-reports-second-quarter-2024-earnings">a 10% to 12% increase</a> in total sales, with adjusted EPS estimated between $1.45 and $1.55. Additionally, the company has raised its full-year margin and earnings outlook, projecting total sales growth of 9% to 10% and adjusted EPS of $7.66 to $7.96.
Street expects BURL's revenue and EPS for the fiscal 2025 third quarter (ending in October 2024) to increase 11.6% and 58% year-over-year to $2.56 billion and $1.55, respectively. Moreover, the company has surpassed the consensus revenue and EPS estimates in three of the trailing four quarters, which is impressive.
Shares of BURL have gained 15.8% over the past three months and 82.9% over the past year to close the last trading session at $270.29.
BURL's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
BURL has an A grade for Growth and a B for Momentum, Sentiment, and Quality. It is ranked #15 out of 59 stocks in the A-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
<a href="https://stocknews.com/stock/BURL/">Click here</a> to see BURL's Value and Stability ratings.
Stock #2: Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>)
JWN is a fashion retailer offering private-label merchandise for women, men, young adults, and children. It operates its Retail segment through two key divisions: Nordstrom and Nordstrom Rack. The company also has arrangements with agents and contract manufacturers for private-brand merchandise.
On August 20, JWN announced plans to open its new store, <a href="https://press.nordstrom.com/news-releases/news-release-details/nordstrom-rack-open-new-location-surprise-arizona">Nordstrom Rack in Surprise, Arizona</a> in fall 2025. Located in the bustling Prasada North shopping center, the new store could enhance JWN's presence and continue delivering its fashion offerings to the local community.
On August 13, JWN unveiled plans to <a href="https://press.nordstrom.com/news-releases/news-release-details/nordstrom-rack-open-new-location-morrisville-north-carolina">open a new Nordstrom Rack store</a> in Morrisville, North Carolina, with a grand opening set for spring 2025. Positioned in the popular Park West Village shopping center, this expansion could boost JWN's visibility and market reach, driving customer engagement and supporting sustained growth.
JWN's trailing-12-month ROCE of 34.02% is 209.3% higher than the sector average of 11.32%. Additionally, the stock's trailing-12-month ROTC of 6.63% is 9.1% higher than the industry average of 6.08%. Moreover, its asset turnover ratio of 1.72x is 73.9% higher than the industry average of 0.99x.
JWN's net sales for the fiscal 2024 second quarter, which ended on August 3, increased 3.4% year-over-year to $3.79 billion. Its adjusted EBITDA rose 19.9% from the year-ago value to $379 million. Plus, the company's net earnings amounted to $122 million. Meanwhile, its adjusted EPS rose 14.3% from the previous year's period to $0.96.
Analysts expect JWN's revenue and EPS for the fiscal year 2026 (ending in January 2026), to increase 1.9% and 1.5% year-over-year to $15.11 billion and $1.89, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
Shares of JWN have gained 3.4% over the past three months and 53.2% over the past year to close the last trading session at $22.56.
It's no surprise that JWN has an overall rating of B, which translates to a Buy in our proprietary rating system.
JWN has an A grade for Value and a B for Momentum and Quality. Within the same industry, it is ranked #9.
To see JWN's additional ratings for Stability, Sentiment, and Growth, <a href="https://stocknews.com/stock/JWN/">click here</a>.
Stock #1: J.Jill, Inc. (<a href="https://stocknews.com/stock/JILL/">JILL</a>)
JILL is a national lifestyle brand offering apparel, footwear, and accessories through retail and direct channels. Its products are sold through its e-commerce platform and catalog, as well as its retail stores. The company also has three sub-brands, Pure Jill, Wearever, and Fit, and offers accessory collections.
JILL's trailing-12-month gross profit margin of 70.59% is 89.8% higher than the 37.19% industry average. Additionally, the stock's trailing-12-month EBITDA margin of 17.66% is 54.2% higher than the industry average of 11.45%.
Moreover, the stock's trailing-12-month levered FCF margin and trailing-12-month net income margin of 7.95% and 6.72% are 51.2% and 49.6% higher than the industry averages of 5.25% and 4.49%, respectively.
For the fiscal 2024 second quarter, which ended August 3, 2024, JILL reported net sales of $155.24 million. The company's adjusted income from operations was $24.94 million, and adjusted EBITDA was $30.19 million. Moreover, adjusted net income for the quarter was $15.83 million, or $1.05 per share.
For the fiscal 2025 third quarter (ending October 2024), JILL's revenue is expected to increase marginally year-over-year to $151.02 million. For the ongoing quarter, its EPS is expected to grow by 2.1% from the prior year to $0.80. Also, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters.
Shares of JILL have gained 6.9% over the past six months to close the last trading session at $25.50.
JILL's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
JILL has an A grade for Quality and a B for Value. Within the Fashion &amp; Luxury industry, it is ranked #7 out of 59 stocks.
To access JILL's additional ratings for Growth, Sentiment, Momentum, and Stability, <a href="https://stocknews.com/stock/JILL/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
BURL shares were unchanged in premarket trading Wednesday. Year-to-date, BURL has gained 38.98%, versus a 19.36% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/burl-jwn-jill-blk-3-top-rated-apparel-stocks-for-fashionable-gains/>3 Top-Rated Apparel Stocks for Fashionable Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Rated Apparel Stocks for Fashionable Gains

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