Poison pill limits takeover potential

NORDSTROM INC. $22 is a hold. The retailer (New York symbol JWN; Consumer sector; Shares outstanding: 166.2 million; Market cap: $3.7 billion; Dividend yield: 3.4%; Takeover Target Rating: Medium; www.nordstrom.com) owns and operates over 350 stores in the U.S. and Canada. Those locations sell upscale clothing and footwear.
Activist investor… Read More

Nordstrom reports poor holiday sales

NORDSTROM INC. $18 remains a hold. The company (New York symbol JWN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 160.1 million; Market cap: $2.9 billion; Price-to-sales ratio: 0.2; Dividend yield: 4.2%; TSINetwork Rating: Extra Risk; www.nordstrom.com) owns and operates over 350 stores in the U.S. and Canada that… Read More

TD links with Nordstrom

TD BANK, $89.53, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $162.4 billion; TSINetwork Rating: Above Average; Divd. yield: 4.0%; www.td.com) is a buy. In 2015, the bank purchased retailer Nordstrom Inc.’s (New York symbol JWN) credit card portfolio. TD also became the exclusive issuer of… Read More