Nordstrom, Inc. (NYSE:JWN) announced on Thursday that it has first-quarter profit of $145M, plunged from $149M in the similar quarter previous year. However, per share earnings for the quarter surged 4.3% to $0.73 a share from $0.70 a share in the previous year quarter. The increase in per share earnings was due mostly to a lower share count for the quarter.
Analysts polled by Thomson Reuters anticipated the firm to announce earnings of $0.76 a share for the quarter. Analysts’ predicts typically exclude special items.
Net sales in the Q1 were $2.65B, increased from net sales of $2.53B during the similar quarter previous year. Eighteen analysts had a consensus revenue predicted of $2.80B for the quarter.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Michael Kors Holdings Ltd (NYSE:KORS) lost -2.03%, The Gap Inc. (NYSE:GPS) edged down -1.05%, Nordstrom, Inc. (NYSE:JWN) which also increased -0.50% and Aeropostale, Inc. (NYSE:ARO) closed up +0.12%.
Nordstrom, Inc. (NYSE:JWN) stock’s trade at beginning with a price of $61.39 and throughout the trading session climbed at a high of $61.80 other than when day-trade ended the stock finally decreased -0.50% to $61.13.
The stock is going forward its 52 week low with 34.14% and lagging behind from its 52 week high price with -1.10%. JWN last month stock price volatility remained 1.50%.
JWN stock institutional ownership remained 61.09% while insider ownership included 9.31%. In its share capital JWN has 195.75 million outstanding shares among them 145.86 million shares have been floated in market exchange.
Company’s beta coefficient included 1.65. Beta factors measures the amount of market risk associated with market trade.
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