5 Best Growth Stocks To Buy Right Now: Nordstrom Inc.(JWN)
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It offers a selection of brand name and private label merchandise. The company sells its products through various channels, including Nordstrom full-line stores, off-price Nordstrom Rack stores, Jeffrey? boutiques, treasure & bond, and Last Chance clearance stores; and its online store, nordstrom.com, as well as through catalog. Nordstrom also provides a private label card, two Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. The company?s credit and debit cards feature a shopping-based loyalty program. As of September 30, 2011, it operated 222 stores, including 117 full-line stores, 101 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure & bond store, and 1 clearance store in 30 states. The company was founded in 1901 and is based in Seattle, Washington.Advisors' Opinion:
- [By Ben Levisohn]
Shares of Dillard’s have dropped 1.4% to $89.99 at 3:13 p.m., while Macy's (M) has dropped 0.6% to $57.33, Sears Holdings (SHLD) has fallen 2.7% to $44.61 and Nordstrom (JWN) has has dipped $61.59. JC Penney is little changed at $8.29.
- [By Marc Bastow]
Fashion specialty retailer Nordstrom (JWN) raised its quarterly dividend 10% to 33 cents per share, payable March 25 to shareholders of record as of March 10.
JWN Dividend Yield: 2.15%
- [By Grace L. Williams]
The hits keep coming at high-end retailer Nordstrom (JWN).Bloomberg
After reporting a decline in fourth-quarter earnings and weak sales, shares traded down 0.3% to $59.24 today. And Sterne, Agee & Leach's Charles Grom, while acknowledging that the fourth quarter was "OK," warned that there were issues developing underneath! . He explains:
Beneath the surface, there are two disturbing trends emerging that shouldn't go unnoticed, including: 1) a more promotional environment/gross profit margin risk (as Nordstrom price matches); and 2) full line cannibalization (via e-commerce), which structurally compresses Nordstrom's top-line algo. All told, the Nordstrom experience is one of the best in retail, but the stock is dead money for the foreseeable future, in our view.
Grom accentuated a few positives that included a rise in same-store sales by 2.6% and decent earnings. A rise in inventory levels and lower EPS guidance were some of the negatives, Grom said.
Nordstrom’s pain didn’t cause stand in the way of gains for some other department store stocks. Dillard’s (DDS) gained 1.5% to $89.33, while Macy’s (M) rose 0.5% to $53.71. Even J.C. Penney (JCP) had a better day. It finished down just 0.2% at $5.64.
source from Top Stocks Blog:http://www.topstocksblog.com/5-best-growth-stocks-to-buy-right-now.html