As of Thursday close, Nordstrom Inc.’s (NYSE:JWN) stock was up $0.53, moving up 3.38 percent to $16.22. The average number of shares traded per day over the past five days has been 8,976,979 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.60 fall in that time frame. In the last twenty days, the average volume was 6,101,395, while in the previous 50 days, it was 4,605,384.
Since last month, JWN stock retreated -29.97%. Shares of the company fell to $14.73 on 08/25/23, the lowest level in the past month. A 52-week high of $27.15 was reached on 02/03/23 after having rallying from a 52-week low of $14.02. Since the beginning of this year, JWN’s stock price has risen by 0.50% or $0.08, and marked a new high 13 times. However, the stock has declined by -40.26% since its 52-week high.
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JWN stock investors should be aware that Nordstrom Inc. (JWN) stock had its last reported insider trading activity 63 days ago on Jun 30. Redwine Farrell B., the Chief Human Resources Officer of the company, disposed of 33,364 shares for $20.37 on Jun 30. It resulted in a $679,561 divestment by the insider. Bariquit Teri sold 25,000 shares at an average price of $19.51 on Jun 09. The insider now owns 56,853 shares following the transaction. On Feb 02, Chief Customer Officer Worzel Ken sold 28,645 shares at $21.00 apiece. The transaction was valued at $601,528.
Valuation Metrics
Right now, Nordstrom Inc. (JWN) has a P/E ratio of about 92.16. The stock’s beta is 2.34. Besides these, the trailing price-to-sales (P/S) ratio of 0.19, the price-to-book (PB) ratio of 4.73, and the price-to-cash flow ratio of 6.00 may also be considered.
The latest dividend of $0.19 per share was paid out, remained unchanged from last year’s $0.19. On Wednesday March 16 2022, a $0.18 dividend decrease was announced.
Financial Health
In the three months ended July 30, Nordstrom Inc.’s quick ratio stood at 0.30, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 4.73, and the total debt-to-equity ratio was 5.19. On the profitability front, the trailing twelve-month gross margin is 35.80% percent. In the year ended July 30, EBITDA margin amounted to 8.64%, whereas operating margins totaled 3.10%. Based on annual data, JWN earned $5.51 billion in gross profit and brought in $15.53 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.40%. Return on equity (ROE) for the past 12 months was 38.30%.
In Nordstrom Inc.’s quarter-end financial report for July 30, it reported total debt of $2.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. JWN’s revenue fell -12.2% to $4.32 billion during the quarter, while net income inched up to $3.18 billion. While analysts expected Nordstrom Inc. to report $0.44 quarterly earnings, the actual figure was $0.84 per share, beating the consensus estimate by 90.90%. During the quarter, the company generated $237.0 million in EBITDA. The liabilities of Nordstrom Inc. were 8.28 billion at the end of its most recent quarter ended July 30, and its total debt was $4.47 billion. The value of shareholders’ equity is $161.49 million.
Technical Picture
This quick technical analysis looks at Nordstrom Inc.’s (JWN) price momentum. With a historical volatility rate of 69.05%, the RSI 9-day stood at 27.19% on 31 August.
With respect to its five-day moving average, the current Nordstrom Inc. price is down by -3.57% percent or -$0.60. At present, JWN shares trade -29.32% below its 20-day simple moving average and -2.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.18% below its SMA50 and -24.87% below its SMA200.
Stochastic coefficient K was 16.16% and Stochastic coefficient D was 13.04%, while ATR was 0.89. Given the Stochastic reading of 22.68% for the 14-day period, the RSI (14) reading has been calculated as 28.92%. As of today, the MACD Oscillator reading stands at -0.73, while the 14-day reading stands at -1.81.
Analyst Ratings
Telsey Advisory Group reiterated its a Market perform rating on Nordstrom Inc. (NYSE: JWN) in a note to investors. The analysts firm has however raised their price target to $19, representing a possible 22.76% increase in the stock price. Nordstrom Inc. (JWN) has been rated Hold by analysts. According to 4 brokerage firms, JWN is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Nordstrom Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $11.00 – $22.00. Based on these forecasts, analysts predict Nordstrom Inc. (JWN) will achieve an average price target of $18.27.
