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 $56.67, above its previous 52-week high of $56.50 with one million shares traded as of 1:05 p.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 11.7% 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 operates in two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise. The company has a P/E ratio of 17.6, above the average retail industry P/E ratio of 16.1 and equal to 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Nordstrom Ratings Report.

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