A share price of Nordstrom, Inc [JWN] is currently trading at $23.46, down -2.21%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The JWN shares have gain 3.71% over the last week, with a monthly amount glided 3.26%, 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 November 27, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $26 from $24. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on September 26, 2024. On September 05, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $23 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $24 on August 28, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $23 on July 09, 2024. Jefferies downgraded its rating to Hold for this stock on March 07, 2024, and downed its price target to $17. In a note dated March 06, 2024, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $17 to $19.
Nordstrom, Inc experienced fluctuations in its stock price throughout the past year between $15.08 and $24.99. Currently, Wall Street analysts expect the stock to reach $22.6 within the next 12 months. Nordstrom, Inc [NYSE: JWN] shares were valued at $23.46 at the most recent close of the market. An investor can expect a potential drop of -3.67% based on the average JWN price forecast.
Analyzing the JWN fundamentals
Trailing Twelve Months sales for Nordstrom, Inc [NYSE:JWN] were 15.11B which represents 4.34% growth. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at 0.02%, 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 -0.59. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.72.
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 23.13 points at the first support level, and at 22.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.77, and for the 2nd resistance point, it is at 24.08.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nordstrom, Inc [NYSE:JWN] is 1.14. Further, the Quick Ratio stands at 0.35, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 3.92 and price to earnings (TTM) ratio is 14.96.
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.
