2 Reasons to Worry About Nordstrom After the Latest Report
Nordstrom (NYSE: JWN) stock has held steady following its third-quarter earnings release. However, this wasn't the usual solid quarter investors have gotten used to seeing.
In addition to comparable sales turning negative, down 0.9%, there were two big warning signs in the report. First, comparable sales at Nordstrom Rack stores dropped by 5%, the worst performance in several quarters, and e-commerce sales at Nordstrom.com increased by just 7.5% during the period.
Let's take a closer look at each of these figures and see why investors should be concerned.
Source: Fool.com
Nordstrom Inc. Stock
€20.33
3.160%
Currently there is a rather negative sentiment for Nordstrom Inc. with 3 Buy predictions and 10 Sell predictions..
This results in a negative potential of -36.04% based on a current price of 20.33 € and a target price of 13 € for the stock.
