TD Cowen analyst Oliver Chen maintains $Nordstrom (JWN.US)$ with a hold rating, and maintains the target price at $25.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Nordstrom (JWN.US)$'s main analysts recently are as follows:
While acknowledging the third-quarter sales outperformance, there was an observable slowdown in sales trends during the final week of October and moving into the current quarter. Consequently, management is adopting a more conservative outlook for the fourth quarter. There are persistent concerns regarding risks to sales and profitability due to ongoing structural issues within the department store sector.
Nordstrom is expected to continue encountering difficulties compared to off-price retailers and brands' direct-to-consumer channels, which may result in further market share losses, downward EPS revisions, and deteriorating sentiment over the next few years. This outlook remains unchanged following the Q3 report.
Nordstrom delivered a notable quarter; nevertheless, articulating a clear bullish or bearish stance is challenging without further updates on the Nordstrom family's potential acquisition. Furthermore, the Q4 guidance, marked by a confusing and overly conservative tone, complicates understanding the various motivations influencing the stock's current dynamics.
Note:
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