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A great company, one of the leading retailers out there. Very good e-commerce platform. Growing sales. But they are going through a high investment cycle. They traditionally trade at around a 15X forward multiple of earnings, and now are close to 20 or 21 times, so they are on the expensive side.
When you compare this one to its peers, it is an outperformer, one of the few. Retail is a difficult space right now, so if you had to pick one, this would probably be the place to go. The trend is up.
(Market Call Minute.) Higher end retail should be okay in the US economy.
Likes the major US retailers like this one. Stock is very, very strong. But his “go to” name in that retail space would be Macys (M-N) that has a much better valuation, cheaper peg ratio and better growth
Nordstrom Inc is a American stock, trading under the symbol JWN-N on the New York Stock Exchange (JWN). It is usually referred to as NYSE:JWN or JWN-N
In the last year, there was no coverage of Nordstrom Inc published on Stockchase.
Nordstrom Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Nordstrom Inc.
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0 stock analysts on Stockchase covered Nordstrom Inc In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Nordstrom Inc (JWN-N) stock closed at a price of $23.18.