From Nasdaq:

Nordstrom, Inc. (JWN) has seen a 31.9% growth in shares over the past three months, surpassing the industry’s 20.6% growth. Analysts are optimistic, with an expected increase of 21.9% year-over-year for fiscal 2023 earnings per share (EPS) at $2.06.

The company is focused on improving the Nordstrom Rack banner by increasing productivity, reducing transportation costs, and enhancing digital capabilities. It aims to expand the reach of Nordstrom Rack and enhance its digital capabilities. Management has projected long-term revenue growth and annual operating income to outpace revenues.

Apart from Nordstrom, Inc., other stocks performing well in the retail industry include Abercrombie & Fitch (ANF), Gap (GPS), and Hibbett (HIBB). Abercrombie & Fitch has a Zacks Rank #1 (Strong Buy) with a sales growth of 13.3%. Gap, a fashion retailer, has a Zacks Rank of 1 and an EPS growth of 387.5%, while Hibbett, a sporting goods retailer, has a Zacks Rank of 1 and a sales growth of 1.7%.

For Abercrombie & Fitch, Gap, and Hibbett stock analysis reports, refer to the respective links provided. Additionally, for the latest recommendations from Zacks Investment Research, readers can download the free 7 Best Stocks for the Next 30 Days report and access the article on Zacks.com by following the links provided.



Read more: Here’s Why Nordstrom (JWN) is Well Poised for Growth in 2024