Piper Jaffray Slashes PT, Estimates on Nordstrom (JWN) Following Weak Results, Guide
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Nordstrom (JWN) PT Cut to $40 at Credit Suisse
May 13, 2016 9:08 AM EDTCredit Suisse analyst M. Exstein reiterated a Neutral rating and cut his price target on Nordstrom (NYSE: JWN) to $40.00 (from $55.00).
Exstein commented, "Nordstrom is the third major mall anchor in a row to report significant declines in sales and profitability, as the... More
Nordstrom (JWN) It's Not All Bad, The Patient Will Recover - Cowen
May 13, 2016 6:48 AM EDTCowen analyst, Oliver Chen, noted the Nordstrom (NYSE: JWN) quarter was tough for full line and online, but rack showed some improvement. Comps of -1.7% the Street's +0.1% ests as JWN's full-line business came in weaker than expected, while off-price was modestly better than expected.... More
Nordstrom (JWN) volatility elevated into lowering FY16 outlook
May 13, 2016 6:31 AM EDTNordstrom (NYSE: JWN) is recently down $6.71 to $38.49 in the premarket after reporting less than expected Q1 results and lowers FY16 outlook. May call option implied volatility is at 83, June is at 48; compared to its 52-week range of 16 to 69.
... MoreNordstrom's comparable store sales fall; shares tumble
May 12, 2016 8:40 PM EDT(Reuters) - Department store operator Nordstrom Inc (NYSE: JWN) reported a drop in first-quarter sales at established stores and slashed profit expectations for the year, adding to the gloom in the department store sector.
Shares of the company, which sells apparel and cosmetics from premium brands such as Armani, Stella McCartney and Valentino, tumbled 14 percent in extended trading on Thursday.
... MoreNordstrom (JWN) Misses Q1 EPS by 20c, Cuts FY EPS Guidance
May 12, 2016 4:07 PM EDT(Updated - May 12, 2016 4:10 PM EDT)
Nordstrom (NYSE: JWN) reported Q1 EPS of $0.26, $0.20 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $3.25 billion versus the consensus estimate of $3.28 billion.
comparable sales decreased 1.7 percent, compared... MoreStraddle prices for companies reporting financial results
May 12, 2016 2:54 PM EDTShake Shack (NASDAQ: SHAK) May weekly 34 straddle priced for 8.7% movement into Q1
Shake Shack (SHAK) Call/Put ratio is 1 call to 1.01 put
Nordstrom (NYSE: JWN) May 45 straddle priced for 9.8% movement into Q1
... More
