Credit Suisse has just boosted the projected 2016 earnings of clothing retailer Nordstrom by a pretty big margin — and you might be surprised why.

The earnings estimate was increased from $3.75 to $3.92 for next year on Friday, with the firm maintaining a neutral rating and a target price of $76 on the stock — but it’s a sign that things may be turning around in a big way for the retailer, according to a TheStreet report.

Nordstrom has put in place some growth initiatives, including its Trunk Club, Rack e-commerce, a presence in Canada, and other projects that have put it in a position to see 3 percent in total sales growth.

With these operating cash flows, it will be able to continue to fund these growth initiatives, and therefore Credit Suisse analysts say the proceeds “could likely lead to incremental share repurchases,” according to the report.

In addition, partnerships could be growing in order ot provide more relevancy and choice to the customer.

Nordstrom’s 2015 second quarter financial results were released this week. It achieved revenues of $3.7 billion and earnings of $1.09 per share, a nice boost from the $0.95 per share and $3.4 billion in revenue in the same period last year.

Analysts had been somewhat dim on the company this quarter, expected a $0.90 per share payout on $3.67 billion for the quarter, but Nordstrom exceeded expectations.

It’s resulting in a nice boost to the companies shares as well, which have jumped 6.67 percent to $79.92.

In all, the company’s growing strength is turning the heads of investors, many of whom are marking this company’s stock as a “buy.”

The Seattle-based retailer is one of the biggest clothing names in the United States and Canada.