Investors are Actively Trading Kohls and Nordstrom After Earnings

Nordstrom Inc. (NYSE:JWN) reported its results for the third quarter. Net income for Nordstrom Inc. rose to $127 million (59 cents per share) vs. $119 million (53 cents per share) in the same quarter a year earlier. This marks a rise of 6.7% from the year earlier quarter. Revenue rose 13.6% to $2.48 billion from the year earlier quarter. JWN beat the mean analyst estimate of 58 cents per share. It beat the average revenue estimate of $2.37 billion.

Competitors to Watch: Macy’s, Inc. (NYSE:M), Saks Incorporated (NYSE:SKS), Stage Stores, Inc. (NYSE:SSI), Dillard’s, Inc. (NYSE:DDS), J.C. Penney Company, Inc. (NYSE:JCP), Stein Mart, Inc. (NASDAQ:SMRT), Kohl’s Corporation (NYSE:KSS), Syms Corp. (NASDAQ:SYMS), The Buckle, Inc. (NYSE:BKE), and Citi Trends, Inc. (NASDAQ:CTRN).

Kohls Corporation (NYSE:KSS) reported its results for the third quarter. Net income for Kohls Corporation rose to $211 million (80 cents per share) vs. $176 million (57 cents per share) in the same quarter a year earlier. This marks a rise of 20% from the year earlier quarter. Revenue rose 3.8% to $4.4 billion from the year earlier quarter. KSS beat the mean analyst estimate of 79 cents per share. It fell exactly in line with the average revenue estimate of $4.4 billion.

Kevin Mansell, Kohl’s chairman, president and chief executive officer, said, “I am extremely pleased with our ability to deliver strong net income and earnings per share growth in a challenging sales environment. Our gross margin rate increased over last year as a result of our increased penetration of private and exclusive brands and disciplined inventory management. We are pleased with the expense management discipline across the company that allowed us to grow our expenses less than we originally planned.”

Competitors to Watch: J.C. Penney Company, Inc. (NYSE:JCP), Sears Holdings Corporation (NASDAQ:SHLD), Macy’s, Inc. (NYSE:M), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Dillard’s, Inc. (NYSE:DDS), Saks Incorporated (NYSE:SKS), Nordstrom, Inc. (NYSE:JWN), Target Corporation (NYSE:TGT), Overstock.com, Inc. (NASDAQ:OSTK), and QKL Stores Inc (NASDAQ:QKLS).