Nordstrom, Inc. [JWN] stock prices are up 0.05% to $19.39 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The JWN shares have gain 1.95% over the last week, with a monthly amount glided 10.86%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, NORDSTROM REIMAGINES ITS NAMESAKE BRAND, INTRODUCING HIGH QUALITY, STYLE DRIVEN ESSENTIALS. In a post published today on Yahoo Finance, The new Nordstrom brand reflects timeless pieces with an emphasis on versatile styling, offering approachable silhouettes across Women’s and Men’s.
From an analyst’s perspective:
Nordstrom, Inc. [NYSE: JWN] stock has seen the most recent analyst activity on March 07, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $17 from $18. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on March 06, 2024, and elevated its price target to $19. On November 22, 2023, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $17 on the stock. Evercore ISI started tracking the stock assigning a In-line rating and suggested a price target of $14 on November 07, 2023. Telsey Advisory Group reiterated its recommendation of a Market Perform and reduced its price target to $19 on August 25, 2023. Argus upgraded its rating to Buy for this stock on March 08, 2023, but kept the price target unchanged to $23. In a note dated February 03, 2023, Gordon Haskett upgraded an Hold rating on this stock but restated the target price of $22.
The stock price of Nordstrom, Inc. [JWN] has been fluctuating between $12.88 and $23.53 over the past year. Currently, Wall Street analysts expect the stock to reach $23.4 within the next 12 months. Nordstrom, Inc. [NYSE: JWN] shares were valued at $19.39 at the most recent close of the market. An investor can expect a potential return of 20.68% based on the average JWN price forecast.
Analyzing the JWN fundamentals
The Nordstrom, Inc. [NYSE:JWN] reported sales of 14.69B for trailing twelve months, representing a surge of 2.34%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.19 and Total Capital is -0.43. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.66.
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 18.95 points at the first support level, and at 18.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.64, and for the 2nd resistance point, it is at 19.88.
Nordstrom, Inc. [JWN] reported earnings per share of $0.96 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.88/share, meaning a difference of $0.08 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.25 per share as compared to estimates of $0.12 per share, a difference of $0.13 representing a surprise of 108.30%.
Ratios To Look Out For
It’s worth pointing out that Nordstrom, Inc. [NYSE:JWN]’s Current Ratio is 1.02. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 3.71 and price to earnings (TTM) ratio is 24.60.
Transactions by insiders
Recent insider trading involved Lionello Gemma, President, Nordstrom Rack, that happened on Oct 05 ’23 when 32916.0 shares were sold. Chief Human Resources Officer, Redwine Farrell B. completed a deal on Jun 30 ’23 to sell 33364.0 shares. Meanwhile, Chief Merchandising Officer Bariquit Teri sold 25000.0 shares on Jun 09 ’23.
