A share price of Nordstrom, Inc. [JWN] is currently trading at $20.80, up 2.01%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The JWN shares have gain 3.48% over the last week, with a monthly amount glided 6.78%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, Nordstrom to Report Fourth Quarter 2023 Financial Results on March 5. In a post published today on Yahoo Finance, Nordstrom, Inc. (NYSE: JWN) announced that it will report its fourth quarter 2023 financial results after the close of the financial markets on Tuesday, March 5, 2024. The announcement will be followed by a conference call at 4:45 p.m. EST, in which senior management will provide a business update and discuss the company’s fourth quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com.
From an analyst’s perspective:
Nordstrom, Inc. [NYSE: JWN] stock has seen the most recent analyst activity on November 22, 2023, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $17 from $19. Previously, Evercore ISI started tracking the stock with In-line rating on November 07, 2023, and set its price target to $14. On August 25, 2023, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $19 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $23 on March 08, 2023. Gordon Haskett upgraded its rating to a Hold but $22 remained the price target by the analyst firm on February 03, 2023. Goldman started tracking with a Neutral rating for this stock on January 30, 2023, and assigned it a price target of $20. In a note dated January 20, 2023, Gordon Haskett downgraded an Reduce rating on this stock and revised its target price from $20 to $13.
Nordstrom, Inc. experienced fluctuations in its stock price throughout the past year between $12.88 and $23.53. Currently, Wall Street analysts expect the stock to reach $24.85 within the next 12 months. Nordstrom, Inc. [NYSE: JWN] shares were valued at $20.80 at the most recent close of the market. An investor can expect a potential return of 19.47% based on the average JWN price forecast.
Analyzing the JWN fundamentals
Trailing Twelve Months sales for Nordstrom, Inc. [NYSE:JWN] were 14.59B which represents -6.37% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.47 points at the first support level, and at 20.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.98, and for the 2nd resistance point, it is at 21.17.
Nordstrom, Inc. [JWN] reported earnings per share of $0.25 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.13 and a surprise factor of 108.30%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.84 per share as compared to estimates of $0.44 per share, a difference of $0.4 representing a surprise of 90.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nordstrom, Inc. [NYSE:JWN] is 1.00. As well, the Quick Ratio is 0.29, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 4.63 and price to earnings (TTM) ratio is 29.28.
Transactions by insiders
Recent insider trading involved Lionello Gemma, President, Nordstrom Rack, that happened on Oct 05 when 32916.0 shares were sold. Chief Human Resources Officer, Redwine Farrell B. completed a deal on Jun 30 to sell 33364.0 shares. Meanwhile, Chief Merchandising Officer Bariquit Teri sold 25000.0 shares on Jun 09.
