Nordstrom, Inc. (NYSE:JWN)- Hot Stocks Retreats on New Development: HD Supply Holdings (NASDAQ:HDS)

Nordstrom, Inc. (NYSE:JWN) [Trend Analysis] retains strong position in active trade, as shares scoring -5.80% to $48.24 in active trade session, while looking at the shares volume, around 3.83 Million shares have changed hands in this session.  Seattle-based Nordstrom, Inc. (JWN) reported plans to open Nordstrom Rack at the new Lincoln Square Expansion in Bellevue, Washington. The approximately 43,000-square-foot store is slated to open in fall 2017.

Nordstrom Rack will be part of the 1.5 million sq. ft. expansion of The Bellevue Collection, which currently includes Bellevue Square, Bellevue Place and Lincoln Square, the portion under expansion. Lincoln Square Expansion includes office, retail, dining and entertainment space along with a 244 room W Hotel and 218 luxury high-rise rental residences.

“We know many of our best Rack stores are those near our full line locations, and we’ve long been looking for the right space near Nordstrom Bellevue Square,” said Geevy Thomas, president of Nordstrom Rack. “We couldn’t be more excited to deliver great brands at great Rack prices when we open our doors at Lincoln Square.”

Lets us look over what analysts have to say about performance of the JWN. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $1.18 as compared to the next year Q1 current trend of $0.35. While on annual basis the current EPS estimates trend for FY 2017 came in for $3.15 as compared to three months ago $3.16.

The stock prices target chart showed high target of 68.00 kept by analysts at WSJ while the average price target was for 54.42 as compared to current price of 48.24. Somehow, the stock managed to gain BUY ratings by 7 analysts in current tenure, 15 recommend as HOLD, 2 stands at Underweight and 4 gave it as a SELL security for current period. Overall, the consensus ratings were for Hold by the pool of analysts.

The firm has institutional ownership of 68.70%, while insider ownership included 4.20%. JWN attains analyst recommendation of 2.80 with week’s performance of -10.19%. Investors looking further ahead will note that the Price to next year’s EPS is 6.63%.

HD Supply Holdings, Inc. (NASDAQ:HDS) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -1.27% to 42.83 with around 1.61 Million shares have changed hands in this session. Finally to see some strong financial remarks by WSJ over HDS performance. Out of the pool of analysts 13 gave their BUY ratings on the stock in previous month as 14 analysts having BUY in current month. Majority ranked Overweight from the pool of analysts.

The next year first quarter EPS estimates trend for current period shows $0.43 while one month ago this estimate trend was for $0.40. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $3.32 and for the one month was for $3.13 as compared to three months ago was for $3.07. Whereas, HDS received highest price target of 50.01 and low target of 33.00. The stock price target chart showed average price target of 45.06 as compared to current price of 42.83.

The stock is going forward its fifty-two week low with 101.46% and lagging behind from its 52-week high price with -2.15%. Similar, the positive performance for the quarter recorded as 39.31% and for the year was 47.05%, while the YTD performance remained at 44.46%. HDS has Average True Range for 14 days of 0.93.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

Leave a Reply

Your email address will not be published. Required fields are marked *