Nordstrom Inc. (JWN): Why You Should Keep An Eye On It

The stock of Nordstrom Inc. (NYSE:JWN) increased by increased by $0.14 on Friday to finish at $29.42, up 0.48 percent. The last five days have seen an average of 3,884,800 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.79. The average number of shares traded over the last 20 days was 3,892,610, while the average volume over the last 50 days totaled 5,457,802.

JWN stock dropped -0.14% since last month. On 10/06/21, the company’s shares reached a one-month low of $25.92. The stock touched a high of $46.45 on 03/15/21, after rallying from a low of $11.88 in 52 weeks. The price of JWN stock has declined by -5.74% or -$1.79 this year, reaching a new high 12 times. Still, the stock price is down -36.66% from the 52-week high.


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Insider Transactions

There have been 82 days since Nordstrom Inc. (JWN) last reported insider trading activity on Aug 04. On Aug 04, President – Nordstrom Rack THOMAS GEEVY SK sold 18,572 shares at $35.00 each. This transaction resulted in the insider making $650,020. On May 10, BRAMMAN ANNE L sold 6,667 shares at a price of US$40.00. After the transaction, the insider now owns 143,349 shares. Chief Marketing Officer Meden Scott A had earlier sold 7,000 shares on May 05 for $40.00 a share. The transaction was completed for $280,000.

Valuation Metrics

The PE ratio of Nordstrom Inc. has varied between 32.88 and 4.117 in the last five years. Beta for the stock is 2.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 17.41, and the price-to-cash flow ratio of 11.24.

Nordstrom Inc.’s dividend is $1.48 per share per year. On Mar. 25, the company paid $0.37 per share in dividends, remained unchanged from $0.37 last year. A $4.48 dividend decrease was reported on Wednesday November 18 2015. Over the last three years, dividends have increased by -75.00%.

For the three months ended July 30, Nordstrom Inc.’s quick ratio was 0.30, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 10.63, and the total debt to equity ratio is 10.63. As far as profitability goes, gross margin for the trailing twelve months is 34.80% percent. Nordstrom Inc.’s EBITDA margin for the year ended July 30 was 0.16%, whereas its operating margin stood at 1.50% for the same period. Based on annual data, it had gross profit of $3.12 billion and revenue of $10.71 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JWN’s return on assets (ROA) during the last 12 months has been 0.00%. There was a -14.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.00%.

Earnings Surprise

According to Nordstrom Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.66 billion, while revenues rose by 42.06% to $8.45 billion. It was predicted that Nordstrom Inc.’s quarterly earnings would be $0.49, but it ended up being $0.27, beating the consensus by 81.50%. EBITDA was $357.0 million for the quarter. At the end of Nordstrom Inc.’s most recent quarter ended July 30, its liabilities totaled 8.96 billion, while its total debt was $4.71 billion. Equity owned by shareholders amounts to $158.92 million.

Technical Picture

Here’s a quick look at Nordstrom Inc.’s (JWN) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 63.77%, suggesting the stock is Neutral, with a 33.43% historical volatility rate.

The stochastic %K and %D were 81.65% and 77.39% respectively, while the average true range (ATR) was 1.08. Based on the 14-day stochastic reading of 88.38%, the RSI (14) reading is 57.12%. On the 9-day MACD Oscillator, the stock is at 0.82, and the 14-day reading is at 1.45.

Analyst Ratings

Nordstrom Inc. (NYSE: JWN) was downgraded by Morgan Stanley to a an Underweight rating in its latest research report. The stock was previously rated as a an Equal-weight. Analysts have assigned Nordstrom Inc. (JWN) an Hold rating. JWN is a stock that is recommended for selling by 4 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.

What is JWN’s price target for the next 12 months?

The current consensus forecast for the stock is between $12.00 and $48.00, with a median target price of $35.00. In analyzing these forecasts, the average price target given by analysts for Nordstrom Inc. (JWN) is $33.88.

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