Nordstrom Stock Hits New 52-Week High (JWN)

NEW YORK ( TheStreet) -- Nordstrom (NYSE: JWN) hit a new 52-week high Thursday as it is currently trading at $53.50, above its previous 52-week high of $53.37 with 829,248 shares traded as of 11:10 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Nordstrom has a market cap of $10.39 billion and is part of the services sector and retail industry. Shares are up 5.9% year to date as of the close of trading on Wednesday.

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It offers a selection of brand name and private label merchandise. The company has a P/E ratio of 16.8, above the average retail industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nordstrom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Nordstrom Ratings Report.

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