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UPDATE: Jefferies Downgrades Nordstrom (JWN) to Hold

Go back to UPDATE: Jefferies Downgrades Nordstrom (JWN) to Hold

Nordstrom (JWN) PT Lowered to $27 at Cowen

November 24, 2021 7:19 AM EST

Cowen analyst Oliver Chen lowered the price target on Nordstrom (NYSE: JWN) to $27.00 (from $35.00) while maintaining a Market Perform rating.

The analyst commented, "EPS of $0.39 missed Street on higher SG&A, but JWN faces inventory, cost, and product challenges at both... More

Nordstrom (JWN) Results Not Only Disappoint, They Indicate Share Loss - KeyBanc

November 24, 2021 7:03 AM EST

KeyBanc analyst Edward Yruma reiterated an Overweight rating and $45.00 price target on Nordstrom (NYSE: JWN) but noted that 3Q results and the unchanged 2021 guidance disappointed and appear to indicate ongoing market share loss.

The analyst stated "As we noted in our Holiday Preview, inventory... More

'Rack Gets Racked': Nordstrom (JWN) Shares Crash 27% After Disappointing Results, Jefferies Downgrades to Hold

November 24, 2021 6:46 AM EST

Shares of Nordstrom (NYSE: JWN) are down over 27% in pre-open Wednesday after the company reported poor Q3 results.

Nordstrom reported Q3 EPS of $0.39, a miss compared to the analyst estimate of $0.52. Revenue for the quarter came in at $3.53 billion, somewhat in line with the consensus estimate of $3.52 billion.

"We need to move faster to capitalize on these... More

Nordstrom (JWN) PT Lowered to $26 at Credit Suisse

November 24, 2021 6:16 AM EST

Credit Suisse analyst Michael Binetti lowered the price target on Nordstrom (NYSE: JWN) to $26.00 (from $34.00) while maintaining a Neutral rating.... More

Nordstrom (JWN) PT Lowered to $35 at Evercore ISI

November 24, 2021 6:14 AM EST

Evercore ISI analyst Omar Saad lowered the price target on Nordstrom (NYSE: JWN) to $35.00 (from $45.00) while maintaining a Outperform rating.... More

Nordstrom (JWN) PT Lowered to $27 at Citi

November 24, 2021 5:41 AM EST

Citi analyst Paul Lejuez lowered the price target on Nordstrom (NYSE: JWN) to $27.00 (from $31.00) while maintaining a Neutral rating.... More

Nordstrom (JWN) Misses Q3 EPS by 13c

November 23, 2021 4:06 PM EST

Nordstrom (NYSE: JWN) reported Q3 EPS of $0.39, $0.13 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $3.53 billion versus the consensus estimate of $3.52 billion.

FISCAL YEAR 2021 OUTLOOK:

The Company is reaffirming the following financial expectations for fiscal... More