At the time of writing, Nordstrom, Inc. [JWN] stock is trading at $22.80, down -2.90%. 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 7.19% over the last week, with a monthly amount glided 5.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nordstrom, Inc. [NYSE: JWN] stock has seen the most recent analyst activity on July 09, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $23 from $19. Previously, Jefferies downgraded its rating to Hold on March 07, 2024, and dropped its price target to $17. On March 06, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $19 on the stock. Telsey Advisory Group reiterated its Market Perform rating and decreased its price target to $17 on November 22, 2023. Evercore ISI initiated its recommendation with a In-line and recommended $14 as its price target on November 07, 2023. Telsey Advisory Group reiterated a Market Perform rating for this stock on August 25, 2023, and downed its price target to $19. In a note dated March 08, 2023, Argus upgraded an Buy rating on this stock but restated the target price of $23.
For the past year, the stock price of Nordstrom, Inc. fluctuated between $12.88 and $23.74. Currently, Wall Street analysts expect the stock to reach $23.06 within the next 12 months. Nordstrom, Inc. [NYSE: JWN] shares were valued at $22.80 at the most recent close of the market. An investor can expect a potential return of 1.14% based on the average JWN price forecast.
Analyzing the JWN fundamentals
According to Nordstrom, Inc. [NYSE:JWN], the company’s sales were 14.85B for trailing twelve months, which represents an 4.84% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.39 and Total Capital is -0.39. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.42.
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 22.29 points at the first support level, and at 21.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.26, and for the 2nd resistance point, it is at 23.71.
Ratios To Look Out For
It is important to note that Nordstrom, Inc. [NYSE:JWN] has a current ratio of 1.03. As well, the Quick Ratio is 0.36, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 4.46 and price to earnings (TTM) ratio is 12.50.
Transactions by insiders
Recent insider trading involved Lionello Gemma, President, Nordstrom Rack, that happened on Oct 05 ’23 when 32916.0 shares were sold.
