Major Brokerage Firms Issue Research Notes on Nordstrom Inc. (JWN)

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Nordstrom Inc. (NYSE:JWN) saw an upside of 7.21% to close Monday at $18.73 after adding $1.26 on the day. The 5-day average trading volume is 6,971,340 shares of the company’s common stock. It has gained $19.09 in the past week and touched a new high 3 times within the past 5 days. An average of 5,097,810 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,662,848.

JWN’s 1-month performance is 13.65% or $1.62 on its low of $15.52 reached on 12/28/22. The company’s shares have touched a 52-week low of $15.52 and high of $29.59, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, JWN has achieved 16.05% or $2.59 and has reached a new high 8 times. However, the current price is down -36.70% from the 52-week high price.

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Insider Transactions

JWN stock investors last saw insider trading activity on Jun 21.BRAMMAN ANNE L (Chief Financial Officer) most recently sold 13,333 shares at $24.66 per share on Jun 21. This transaction cost the insider $328,792. Chief Financial Officer, BRAMMAN ANNE L, sold 13,333 shares at a price of $24.20 on May 26. Then, on Apr 18, Chief Financial Officer BRAMMAN ANNE L sold 13,334 shares at a price of $28.74 per share. This transaction amounted to $383,222.

Valuation Metrics

JWN stock has a beta of 2.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.19 while the price-to-book (PB) in the most recent quarter is 4.93, with the price to cash flow ratio at 27.73.

Nordstrom Inc.’s quick ratio for the period ended July 30 was 0.20, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending July 30 was 4.71, while the total debt to equity was 4.88. In terms of profitability, the gross margin trailing 12 months is 36.90%. The firm’s gross profit as reported stood at $5.45 billion against revenue of $14.79 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 420.0% to -$20.0 million, while revenue of $126.0 million was 730.0% off the previous quarter. Analysts expected JWN to announce $0.8 per share in earnings in its latest quarter, but it posted $0.81, representing a 1.30% surprise. EBITDA for the quarter stood at more than $283.0 million. JWN stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 8.79 billion, with total debt at $4.63 billion. Shareholders hold equity totaling $160.08 million.

Let’s look briefly at Nordstrom Inc. (JWN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 73.12% to suggest the stock is trending Overbought, with historical volatility in this time period at 34.88%.

The stock’s 5-day moving average is $17.80, reflecting a +5.58% or $0.99 change from its current price. JWN is currently trading +12.70% above its 20-day SMA, +5.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.41% and SMA200 by-34.65%.

Stochastic %K and %D was 73.73% and 73.28% and the average true range (ATR) pointed at 0.85. The RSI (14) points at 62.58%, while the 14-day stochastic is at 89.27% with the period’s ATR at 0.83. The stock’s 9-day MACD Oscillator is pointing at 0.28 and 0.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Nordstrom Inc. (NYSE: JWN), Gordon Haskett downgraded it to a Reduce rating. They previously had a Hold rating on the stock. Analysts offering their rating for JWN stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate JWN as a “sell,”, while 11 advise that investors “Hold.” 3 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

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