Nordstrom (JWN) Misses Q4 EPS by 3c, FY15 EPS Guidance Misses
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Nordstrom (JWN) Price Target Lifted to $87 at Piper Jaffray
February 20, 2015 7:23 AM ESTPiper Jaffray analyst Neely Tamminga reiterated an Overweight rating and boosted her price target on Nordstrom (NYSE: JWN) to $87.00 (from $81.00) on a combo of solid top-line trends indicating market share gains amid a "meh" retail sales environment for apparel and clear and decisive plans around... More
Investment in Stores, Supply Chain Impact Nordstrom's (JWN) Outlook; Stifel Maintains 'Hold' Rating
February 20, 2015 6:28 AM ESTStifel affirms Nordstrom (NYSE: JWN) with a Hold rating following quarterly results reported late Thursday.
Analyst Richard Jaffe commented that Q4 numbers were slightly below expectations due to a slightly higher tax rate than we modeled related to a reassessment of the companys deferred tax assets. Total comp store sales increased 4.7 percent driven by strength across all channels. Direct continues its strong growth, +19 percent,... More
