The stock of Nordstrom Inc. (NYSE:JWN) increased by $0.02 on Monday to finish at $15.54, up 0.13 percent. The last five days have seen an average of 10,582,480 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.60. The average number of shares traded over the last 20 days was 5,713,945, while the average volume over the last 50 days totaled 4,551,942.
JWN stock dropped -32.29% since last month. On 08/25/23, the company’s shares reached a one-month low of $14.73. The stock touched a high of $27.15 on 02/03/23, after rallying from a low of $14.02 in 52 weeks. The price of JWN stock has declined by -3.72% or -$0.60 this year, reaching a new high 13 times. Still, the stock price is down -42.76% from the 52-week high.
Insider Transactions
JWN stock investors should be aware that Nordstrom Inc. (JWN) stock had its last reported insider trading activity 60 days ago on Jun 30. On Jun 30, Chief Human Resources Officer Redwine Farrell B. sold 33,364 shares at $20.37 each. This transaction resulted in the insider making $679,561. On Jun 09, Bariquit Teri sold 25,000 shares at a price of US$19.51. After the transaction, the insider now owns 56,853 shares. Chief Customer Officer Worzel Ken had earlier sold 28,645 shares on Feb 02 for $21.00 a share. The transaction was completed for $601,528.
Valuation Metrics
Nordstrom Inc. (JWN) has a trailing price-to-earnings (P/E) ratio of 88.30. Beta for the stock is 2.36. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.18, the price-to-book (PB) ratio of 4.53, and the price-to-cash flow ratio of 5.75.
Company paid $0.19 per share in dividends, remained unchanged from $0.19 last year. A $0.18 dividend decrease was reported on Wednesday March 16 2022.
Financial Health
For the three months ended July 30, Nordstrom Inc.’s quick ratio was 0.30, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 4.73, and the total debt to equity ratio is 5.19. As far as profitability goes, gross margin for the trailing twelve months is 35.80% percent. Nordstrom Inc.’s EBITDA margin for the year ended July 30 was 8.64%, whereas its operating margin stood at 3.10% for the same period. Based on annual data, it had gross profit of $5.51 billion and revenue of $15.53 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 2.70%. There was a 10.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 38.30%.
Earnings Surprise
According to Nordstrom Inc.’s quarterly financial report for the quarter that ended July 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.18 billion, while revenues fell by -12.2% to $4.32 billion. It was predicted that Nordstrom Inc.’s quarterly earnings would be $0.84, but it ended up being $0.44, beating the consensus by 90.90%. EBITDA was $237.0 million for the quarter. At the end of Nordstrom Inc.’s most recent quarter ended July 30, its liabilities totaled 8.28 billion, while its total debt was $4.47 billion. Equity owned by shareholders amounts to $161.49 million.
Technical Picture
Here’s a quick look at Nordstrom Inc.’s (JWN) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 13.54%, suggesting the stock is oversold, with a 58.85% historical volatility rate.
The stochastic %K and %D were 6.91% and 6.72% respectively, while the average true range (ATR) was 1.09. Based on the 14-day stochastic reading of 10.41%, the RSI (14) reading is 20.57%. On the 9-day MACD Oscillator, the stock is at -1.75, and the 14-day reading is at -2.94.
Analyst Ratings
In a note to investors, Telsey Advisory Group maintained its a Market perform rating on Nordstrom Inc. (NYSE: JWN). However, the firm raised their price target to $19, indicating a possible increase of 26.0% in the stock price. 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 1 analyst. Among the analysts who rate the stock, 0 rates 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 $11.00 and $22.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for Nordstrom Inc. (JWN) is $18.33.
