Nordstrom Stock Hits New 52-Week High (JWN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Nordstrom (NYSE: JWN) hit a new 52-week high Tuesday as it is currently trading at $58.45, above its previous 52-week high of $58.44 with 687,603 shares traded as of 1:50 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Nordstrom has a market cap of $11.39 billion and is part of the services sector and retail industry. Shares are up 8.6% year to date as of the close of trading on Monday.

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 16.4, below the S&P 500 P/E ratio of 17.7.

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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, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Nordstrom Ratings Report.

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