Previous close | 17.71 |
Open | 17.85 |
Bid | 0.00 x 900 |
Ask | 0.00 x 800 |
Day's range | 17.63 - 18.02 |
52-week range | 12.88 - 23.53 |
Volume | |
Avg. volume | 4,455,961 |
Market cap | 2.93B |
Beta (5Y monthly) | 2.62 |
PE ratio (TTM) | 21.89 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.76 (4.23%) |
Ex-dividend date | 11 Mar 2024 |
1y target est | N/A |
Nordstrom stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 65 to 71. This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score.
Nordstrom (JWN) focuses on three key priorities for fiscal 2024, which include driving growth at Nordstrom banner, optimizing operations and building on momentum at Rack banner.
While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation. JLL Americas President of Retail Naveen Jaggi joins Yahoo Finance Live to discuss the state of retail and the consumer, as well as the success of brands like Burlington. He discusses Burlington's recent growth and how it relates to the consumer: "Today, they're opening over 60 stores a year and they're taking 50, 60, 70,000 square feet in some places. To me, I'm watching that entire sector and saying where the US consumer is shopping, that's the sector I want to watch because that tells me where we spend our dollars has the most sustainability in the long run and today more than ever, the dollar value sector is grabbing a more lion's share of the US consumer than ever before." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino