Nordstrom Reaches New 52-Week High (JWN)

NEW YORK ( TheStreet) -- Nordstrom (NYSE: JWN) hit a new 52-week high Friday as it is currently trading at $61.82, above its previous 52-week high of $61.81 with 331,658 shares traded as of 12:05 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Nordstrom has a market cap of $11.88 billion and is part of the services sector and retail industry. Shares are up 14.1% 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.

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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, solid stock price performance, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Nordstrom Ratings Report.

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