Revenue, which includes revenue from its credit cards, rose 9% to $3.7 billion. However, the standard deviation of short term price estimate has been valued at 8.99.
Advertisement
On average, 26 analysts polled by Thomson Reuters expected the company to earn $0.90 per share for the second quarter. Analysts had estimated an EPS of $0.90.
Nordstrom (NYSE:JWN) posted its quarterly earnings data on Thursday.
Wall Street sell-side analysts that cover the stock now have a consensus one-year price target of $75.714. The higher and the lower price estimates are $ 88 and $63 respectively.
Shares rose as much as 4.5% to $78.30.
According to the company, it is looking forward to receive an amount of approximately $1.8 billion from this deal.
The company shares have rallied 10.6% in the past 52 Weeks. Institutional Investors own 56% of Company shares. At the same time, the company raised its fiscal year 2015 outlook. The shares trade in a 52-week range of $64.92 to $83.16. The company’s 50-day moving average is $76.60 and its 200-day moving average is $77.40. Nordstrom, Inc. (NYSE:JWN): On Monday heightened volatility was witnessed in Nordstrom, Inc. (NYSE:JWN) ended Thursday session in red amid volatile trading. The stock was sold at an average price of $76.00, for a total value of $1,560,964.00. The heightened volatility saw the trading volume jump to 1,699,056 shares. The company has a market cap of $14,275 million and the number of outstanding shares have been calculated to be 190,534,000 shares.
Nordstrom Rack is the second retailer to lease a space at Countryside Mall through its Sears anchor. The Company ran 290 United States shops situated in 38 states, together with an e commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. By tapping into both segments of the retail market, Nordstrom has given itself some customer diversification that could help it avoid the fate of some of its peers that are more concentrated in one segment or the other.
Founded in 1901 as a shoe shop in Seattle, the company, now in the hands of the fourth generation of Nordstroms, operates more than 300 stores in the U.S. and associated websites under its namesake brand, along with discount chain Nordstrom Rack, Jeffrey boutiques, clearance store Last Chance, Trunk Club and online retailer HauteLook.
Advertisement
Nordstrom is planning to come up with its third store in Canada, which will be a flagship store in Vancouver.
