At the time of writing, Nordstrom, Inc [JWN] stock is trading at $24.90, up 7.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The JWN shares have gain 11.66% over the last week, with a monthly amount glided 9.55%, 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 September 26, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Barclays upgraded its rating to Equal Weight on September 05, 2024, and elevated its price target to $23. On August 28, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $24 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $23 on July 09, 2024. Jefferies downgraded its rating to a Hold and reduced its price target to $17 on March 07, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on March 06, 2024, and upped its price target to $19. In a note dated November 22, 2023, Telsey Advisory Group reiterated an Market Perform rating on this stock and revised its target price from $19 to $17.
For the past year, the stock price of Nordstrom, Inc fluctuated between $14.39 and $24.93. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Nordstrom, Inc [NYSE: JWN] shares were valued at $24.90 at the most recent close of the market. An investor can expect a potential drop of -7.63% based on the average JWN price forecast.
Analyzing the JWN fundamentals
According to Nordstrom, Inc [NYSE:JWN], the company’s sales were 14.97B for trailing twelve months, which represents an 3.23% jump. 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 24.03 points at the first support level, and at 23.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.38, and for the 2nd resistance point, it is at 25.86.
Ratios To Look Out For
It is important to note that Nordstrom, Inc [NYSE:JWN] has a current ratio of 1.07. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 4.31 and price to earnings (TTM) ratio is 14.58.
Transactions by insiders
Recent insider trading involved DePree Alexis, Chief Operating Officer, that happened on Sep 24 ’24 when 20000.0 shares were sold. Officer, DePree Alexis completed a deal on Sep 24 ’24 to buy 20000.0 shares.
