BRAMMAN ANNE L Acquires Nordstrom Inc. (JWN) Shares

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Nordstrom Inc. (NYSE:JWN) finished Thursday with a subtraction of -$0.96 to close at $18.37, a downside of -4.97 percent. An average of 6,992,880 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 9,051,210 shares traded, while the 50-day average volume stands at 7,643,612.

JWN stock has decreased by -20.82% in the last month. The company shares reached their 1-month lowest point of $16.83 on 09/01/22. With the stock rallying to its 52-week high on 04/14/22, shares of the company touched a low of $16.83 and a high of $36.43 in 52 weeks. It has reached a new high 11 times so far this year and lost -18.79% or -$4.25 in price. In spite of this, the price is down -49.57% from the 52-week high.

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Insider Transactions

94 days have passed since Nordstrom Inc. (JWN) last reported insider trading activity. BRAMMAN ANNE L, who is Chief Financial Officer, most recently acquired $13,333 shares at $24.66 per share on Jun 21. In this transaction, the insider spent $328,792. Chief Financial Officer, BRAMMAN ANNE L, disposed of 13,333 shares at a price of $24.20 on May 26. The insider now owns more than $322,713 worth of shares. Prior to that, Chief Financial Officer BRAMMAN ANNE L went on to Sale 13,334 shares at $28.74 each on Apr 18. An amount of $383,222 was transacted.

Valuation Metrics

Nordstrom Inc. (JWN) has a trailing price-to-earnings (P/E) ratio of 7.52. The stock’s beta is 2.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.18, the price-to-book (PB) ratio at 4.45.

The company has a payout ratio of 14.80%. The company’s most recent quarterly dividend payment was $0.19 a share, without any change from last year. Its latest decrease dividend $0.18 reported on Wednesday March 16 2022.

Financial Health

The quick ratio of Nordstrom Inc. for the three months ended April 29 was 0.30, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.30 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Its gross profit as reported stood at $5.45 billion compared to revenue of $14.79 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nordstrom Inc.’s return on assets was 4.50%.

Earnings Surprise

For the three-month period that ended April 29, Nordstrom Inc. had $2.85 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $126.0 million in the quarter, while revenues were grew 36.51%. The analyst consensus anticipated Nordstrom Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.06, a -20.00% surprise. For the quarter, EBITDA amounted to $397.0 million. Shareholders own equity worth $159.13 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nordstrom Inc. (JWN) price momentum. RSI 9-day as of the close on 22 September was 41.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.06%.

As of today, JWN’s price is $19.10 unch or $unch from its 5-day moving average. JWN is currently trading -1.08% lower than its 20-day SMA and -28.52% lower than its 100-day SMA. However, the stock’s current price level is -10.61% below the SMA50 and -10.70% below the SMA200.

The stochastic %K and %D were 58.01% and 67.74%, respectively, and the average true range (ATR) was 1.03. With the 14-day stochastic at 31.42% and the average true range at 1.09, the RSI (14) stands at 41.83%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.

Analyst Ratings

Jefferies upgraded Nordstrom Inc. (NYSE: JWN) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Nordstrom Inc. (JWN) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell JWN, while 12 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $12.00 and $30.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for Nordstrom Inc. (JWN) stock is $21.35.


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