A share price of Nordstrom, Inc. [JWN] is currently trading at $22.82, up 2.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The JWN shares have gain 5.31% over the last week, with a monthly amount glided 8.00%, 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 August 28, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $24 from $23. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on July 09, 2024, and elevated its price target to $23. On March 07, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $17 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $19 on March 06, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and reduced its price target to $17 on November 22, 2023. Evercore ISI started tracking with a In-line rating for this stock on November 07, 2023, and assigned it a price target of $14. In a note dated August 25, 2023, Telsey Advisory Group reiterated an Market Perform rating on this stock and revised its target price from $21 to $19.
Nordstrom, Inc. experienced fluctuations in its stock price throughout the past year between $12.88 and $24.03. Currently, Wall Street analysts expect the stock to reach $22.72 within the next 12 months. Nordstrom, Inc. [NYSE: JWN] shares were valued at $22.82 at the most recent close of the market. An investor can expect a potential drop of -0.44% based on the average JWN price forecast.
Analyzing the JWN fundamentals
Trailing Twelve Months sales for Nordstrom, Inc. [NYSE:JWN] were 14.97B which represents 3.23% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.05%, 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 0.03, Equity is 0.34 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.02.
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 22.15 points at the first support level, and at 21.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.19, and for the 2nd resistance point, it is at 23.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nordstrom, Inc. [NYSE:JWN] is 1.07. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 3.95 and price to earnings (TTM) ratio is 13.39.
Transactions by insiders
Recent insider trading involved Lionello Gemma, President, Nordstrom Rack, that happened on Oct 05 ’23 when 32916.0 shares were sold.
