Cowen Cuts Price Target as Nordstrom's (JWN) Weak Traffic Continue Through 4Q

Piper Jaffray Reiterates Overweight on Nordstrom (JWN) - PT to $62

February 19, 2016 7:47 AM EST

Piper Jaffray maintained an Overweight rating on Nordstrom (NYSE: JWN), and cut the price target to $62.00 (from $68.00), following the company's 4Q. JWN offered their initial 2016/FY17E guidance below the consensus mark. This guidance reflects net sales increase of 3.5% to 5.5% driven by new store growth and a flat to +2% comparable-store sales gain for the year. Piper... More

Stifel Would be Buyers of Nordstrom (JWN) on Weakness; Sees Improvement from H216 into FY17

February 19, 2016 7:13 AM EST

Stifel affirms Nordstrom Inc. (NYSE: JWN) with a Buy rating and $60 price target following Q4 results issued Thursday night.

Analyst Richard Jaffe said he would be a buyer of any subsequent weakness. The analyst commented, Given the challenging results in 2H, management... More

After-Hours Stock Movers 02/18: (SRT) (AMAT) (NVLS) Higher; (TRUE) (TRN) (JWN) Lower (more...)

February 18, 2016 6:03 PM EST

StarTek (NYSE: SRT) 17.4% HIGHER; reported Q4 EPS of $0.02, $0.28 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $82.3 million versus the consensus estimate of $76.01 million.

TrueCar (NASDAQ: TRUE) 16% LOWER; reported Q4 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $63.6 million versus the consensus estimate of $65.43 million.

Trinity Industries (NYSE: TRN) 14.9% LOWER; reported Q4 EPS of $1.30, $0.21 better than... More

Nordstrom (JWN) Misses Q4 EPS by 5c, FY EPS Guidance Falls Short

February 18, 2016 4:11 PM EST

Nordstrom (NYSE: JWN) reported Q4 EPS of $1.17, $0.05 worse than the analyst estimate of $1.22. Revenue for the quarter came in at $4.19 billion versus the consensus estimate of $4.22 billion.

GUIDANCE:

Nordstrom sees FY2016 EPS of $3.10-$3.35, versus the consensus of... More

Wall Street falls, snapping three-day rally; Wal-Mart weighs

February 18, 2016 7:22 AM EST

By Lewis Krauskopf

(Reuters) - Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lackluster earnings report and oil prices pulled back.

Eight of the 10 major S&P sectors finished negative, led by a 0.9 percent decline in energy, which had helped drive the recent rally.

Wal-Mart Stores Inc (NYSE: WMT) fell 3 percent after the world's largest retailer reported a lower quarterly profit and gave a tepid sales outlook. The stock was the biggest percentage loser in the Dow index.

... More

Trading Radar for 2/18: Wal-mart (WMT), Cabela's (CAB), Nordstrom (JWN), Leidos (LDOS), SodaStream (SODA) Report

February 17, 2016 3:18 PM EST

(Updated - February 17, 2016 3:19 PM EST)

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 274kContinuing Claims - Street sees 2.237MPhiladelphia Fed - Street sees (2.9)

Earnings:

ALLETE, Inc. (NYSE: ALE) - consensus EPS $0.78
Aaron's (NYSE: AAN) - consensus EPS $0.38
Agios Pharma (Nasdaq: AGIO) - consensus loss $0.50
Atlas Air Worldwide... More

UBS Expects Conservative Guide from Nordstrom (JWN)

February 17, 2016 8:49 AM EST

UBS analyst, Michael Binetti, believes that tourism and sluggish spending trends from high income consumers will cause Nordstrom (NYSE: JWN) to miss revenue growth targets. He cut his estimates and price target but still remains ahead of consensus.

JWN is doing the right things to fight... More