Stock Analysis And Ideas - Noah Zatzkin

1. Stock Analysis And Ideas - Noah Zatzkin WEBSITE :- https://www.tipranks.com/experts/analysts/noah-zatzkin

2. Nordstrom’s (NYSE:JWN) attempts to appease inflation-beset customers with clearance sales and product markdowns haven’t succeeded – and the data, unfortunately, tells a tragic tale for Nordstrom. As we’ll discover, even Nordstrom’s Rack division, which features deep discounts on a variety of premium items, won’t save the company from its financial woes. As a result, I am neutral on Nordstrom stock. • Nordstrom is a retail chain that offers apparel, shoes, beauty items, various accessories, and home goods. Its stores have somewhat of a luxury feel to them, which isn’t necessarily helpful during a time when many Americans are struggling with high inflation.

3. Don’t be Hasty to Buy the Dip in Nordstrom Stock • I love a bargain as much as anybody. Yet, there’s a time to jump into a dip-buying trade and a time to stay cautious. When it comes to Nordstrom stock, it’s fine to put it on your value-investing watch list, but take note of the company’s major challenges before taking a long position in the shares. • It’s not hard to see why value hunters may be tempted to load up on Nordstrom stock now. For one thing, the shares are fairly close to their 52-week low of $16.83. If they return to the 52-week high of $36.43, then some well-timed Nordstrom investors might double their money.

4. Also, Nordstrom has a trailing 12-month P/E ratio of 6.96, indicating a strong value. Furthermore, the company pays a generous forward annual dividend yield of 4.35%. Are you ready to hit that “buy” button yet? • Hold on, though. There’s much more to consider here than dividends and P/E ratios. Sometimes, stocks decline sharply because a company is struggling. In Nordstrom’s case, the retail store chain typically appeals to upper-middle-class customers with extra discretionary income to spend. However, high inflation can dissuade these customers from buying non-essential products.

5. KeyBanc Capital Markets analyst Noah Zatzkinwas probably thinking about high inflation when he warned, “While we continue to think the higher income profile of Nordstrom’s average customer positions the company well in the current environment, clearly Nordstrom is not immune to the difficult macro backdrop.” • Thus, even if Nordstrom’s customers are generally in the upper range of the middle-class income spectrum, high inflation is bound to have an impact on their shopping habits and, therefore, on Nordstrom’s top and bottom lines.

6. Reference Links :- • https://www.tipranks.com/experts/analysts/noah-zatzkin • https://www.benzinga.com/topic/noah-zatzkin • https://www.tipranks.com/news/article/heres-why-nordstrom-stock-nysejwn-might-be-in-trouble • https://www.wallstreetzen.com/analysts/noah-zatzkin • https://investor.therealreal.com/financial-information/analyst-coverage • https://www.yahoo.com/now/farfetch-likely-see-recovery-upside-192729349.html • https://www.barrons.com/articles/these-4-retail-stocks-are-a-good-bet-for-tougher-times-according-to-one-analyst-51658419146 • https://www.barrons.com/articles/farfetch-stock-earnings-51661525024 • https://www.thestreet.com/markets/lululemon-stock-slides-as-holiday-forecast-clouds-q3-earnings-beat