Nordstrom Inc
JWN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$78.20 | Ftkyt | Gpjkkxpxx |
Nordstrom Earnings: Signs of Margin Improvement Despite Underwhelming Sales; Shares Very Undervalued
Narrow-moat Nordstrom showed progress on its strategic initiatives in the third quarter despite soft consumer demand. Its shares are very undervalued in relation to our $40 fair value estimate, which we do not expect to change materially. Our full-year estimates align with its guidance for a 4%-6% sales decline and $1.90-$2.10 in adjusted EPS.