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
€21.78
-2.070%
Our community is currently low on Nordstrom Inc. with 4 Buy predictions and 11 Sell predictions.
A potential of -40.31%, resulting from comparing the current price of 21.78 € with the target price of 13 € for Nordstrom Inc., shows the chance of incurring significant losses.
