Nordstrom(JWN)

Search documents
Nordstrom (JWN) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-12-30 14:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
Here's Why Nordstrom Might be Undervalued Retail Play of the Year
ZACKS· 2024-12-27 19:46
Nordstrom, Inc. (JWN) , emerges as an attractive value opportunity in the Retail - Apparel and Shoes industry, trading at a forward 12-month price-to-earnings ratio of 12.20X, below the industry average of 20.44X and the Retail-Wholesale average of 25.17X. The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the Retail-Wholesale sector.JWN P/E Performance Image Source: Zacks Investment Research The Seattle-based fashion retailer, JWN’s st ...
The Nordstrom Tale
The Motley Fool· 2024-12-27 19:24
We've also got information for investors looking to use options.In this podcast, Motley Fool analyst Jim Gillies and host Ricky Mulvey discuss:Why luxury department stores are struggling.Disney spending $645 million to make two seasons of Star Wars: Andor.What investors should consider before using options to generate income.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our beginner's guide to investing in stocks. A full tran ...
Nordstrom (JWN) Up 7% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-12-26 17:35
It has been about a month since the last earnings report for Nordstrom (JWN) . Shares have added about 7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Nordstrom due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Nordstrom Q3 Earnings Beat, Rack Banner Sales Increa ...
Nordstrom Family Regains Control Of Namesake Company With Help From Mexican Retail Giant Liverpool
Forbes· 2024-12-26 16:50
NEW YORK, NEW YORK - OCTOBER 22: Erik Nordstrom, Pete Nordstrom, Jamie Nordstrom, and Chris Wanless ... [+] attend the Nordstrom NYC Flagship Opening Party on October 22, 2019 in New York City. (Photo by Jamie McCarthy/Getty Images for Nordstrom)Getty Images for NordstromThe Nordstrom family has long wished to wrestle back control of the retail company founded by patriarch John W. Nordstrom in 1901. In the New Year, their wishes will be granted.Led by great-grandsons and brothers CEO Erik and president Pete ...
Nordstrom Inks a Deal Worth $6.25 Billion in Cash to go Private
ZACKS· 2024-12-24 17:46
Nordstrom, Inc. (JWN) has been focused on driving Nordstrom banner growth, optimizing operations and building momentum at the Rack banner.In the latest revelation, Nordstrom has inked an agreement under which Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (together, the "Nordstrom Family") and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool) will acquire the entire outstanding shares of the company. These shares are not beneficially owned by the Nordstrom Family and Liverpool in an ...
Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal
PYMNTS.com· 2024-12-23 18:24
The Nordstrom family now owns the department store chain bearing their name.Erik, Pete and Jamie Nordstrom and other members of their family, along with Mexican retailer Puerto de Liverpool, announced a deal Monday (Dec. 26) to acquire all of Nordstrom’s outstanding common stock.The buyers pegged the value of the all-cash transaction valued at approximately $6.25 billion, giving the Nordstrom Family a majority ownership stake in the now-private company. The transaction was approved unanimously by the Nordst ...
Nordstrom To Be Taken Private by Founding Family in $6.25B Deal
Investopedia· 2024-12-23 17:05
Key TakeawaysNordstrom agreed to be taken private by its founding family and Mexican retailer El Puerto de Liverpool in a deal valuing the department store chain at about $6.25 billion.The company will be owned 50.1% by members of its founding family, and 49.9% by El Puerto de Liverpool.Shareholders will receive $24.25 per share, a few cents above the stock's intraday price Monday. Nordstrom (JWN) will soon be off the stock market, after agreeing to be taken private by its founding family and Mexican retail ...
Nordstrom family to take high-end retail chain private in $4B deal: ‘Exciting new chapter ‘
New York Post· 2024-12-23 17:02
Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers are grappling with slow demand.The company’s shareholders will get $24.25 for each share they own, Nordstrom said on Monday, an increase from a $23 offer made by the parties in September for shares they did not already own.The Nordstrom family will retain majority ownership of the company with 50.1%, while the remai ...
Nordstrom going private in $6.25B deal with founding family, Mexican retailer
Fox Business· 2024-12-23 16:51
The family that founded Nordstrom and El Puerto de Liverpool are buying Nordstrom, paving the way for the retailer to return to operating as a privately held company. Nordstrom on Monday announced its agreement for the Nordstrom family and the Mexico-based company to buy out shares they don’t already own. The planned all-cash transaction, worth $6.25 billion, comes about 10 months after Nordstrom set up a special committee for weighing proposals from the Nordstrom family. The Nordstrom family and El Puerto ...