-
Monday's Market Minute: Market Movers To Start March
Monday, March 1, 2021 - 10:35am | 524Read More...Let’s take a minute to get ahead of what could move markets this week. First, interest rates: I think this week you’re going to be hearing a lot about rates, which continue to spike. The TYX reached just shy of 2.5%, and the TNX moved up and through 1.5%. In the past, we’ve...
-
Retail Roundup Continues, With Dick's Earnings Coming In Strong And Nordstrom Later
Tuesday, November 24, 2020 - 11:40am | 2216Read More...Numbers are numbers, but some mean more than others. For the Dow Jones Industrial Average ($DJI), 30,000 holds a special place and it looms straight ahead. Any big round number has allure, but 30,000 might mean more to some veteran investors who may remember a 1999 book that...
-
Saks and Neiman Marcus Merger at the Rumor Stage
Thursday, May 23, 2013 - 8:50am | 596Read More...According to The Wall Street Journal, high-end department store, Saks Inc. (NYSE: SKS) has hired Goldman Sachs Group Inc. (NYSE: GS) to look into a possible sale. Neiman Marcus Group Inc., owned by Private-equity firms TPG and Warburg Pincus LLC, is also exploring its options. With two upscale...
-
Citi Reports On Improved Credit Trends For JWN
Tuesday, May 17, 2011 - 8:26am | 131Read More...Citi is maintaining its Buy rating and its $59 price target on Nordstrom Inc. (NYSE: JWN) as the company's April credit data showed improvement. Says Citi, “JWN's monthly credit data showed improvement YOY in April in all three key credit metrics: the monthly payment rate, total delinquencies, and...
-
Sterne Agee Raises Estimates On Nordstrom
Friday, May 13, 2011 - 8:39am | 117Read More...According to Sterne Agee, Nordstrom (NYSE: JWN) estimates are raised. Sterne Agee said that sales of $2,229M (+12% y/y) benefitted from SSS of 6.5%, which in turn reflected both a continuation in transaction growth and a meaningful inflection in ATV. “Retail GPM increased by 15 bps y/y due to...
-
Piper Jaffray Ups PT On JWN To $60
Friday, May 13, 2011 - 7:46am | 127Read More...Piper Jaffray has raised its price target on Nordstrom (NYSE: JWN) from $53 to $60 after the release of FQ1 earnings. In the report, Piper Jaffray writes, “We are reiterating our Overweight rating on JWN shares following Nordstrom's FQ1 earnings release in which EPS beat our estimate by five cents...
