Nordstrom Inc. (NYSE:JWN) shares traded 1.95% higher at $18.78 on Wall Street last session.
In accordance with the data, 22 analysts cover Nordstrom Inc. (NYSE:JWN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $12.00, we find $18.00. Given the previous closing price of $18.42, this indicates a potential downside of -2.28 percent. JWN stock price is now 2.86% away from the 50-day moving average and -11.51% away from the 200-day moving average. The market capitalization of the company currently stands at $3.01B.
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It has been rated a hold by 12 analysts and a buy by 3. Brokers who have rated the stock have averaged $17.59 as their price target over the next twelve months.
With the price target of $20, Goldman recently initiated with Neutral rating for Nordstrom Inc. (NYSE: JWN). On January 20, 2023, Gordon Haskett Downgraded its previous ‘Hold’ rating to ‘Reduce’ on the stock reducing its target price from $20 to quote $13, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, BRAMMAN ANNE L, Chief Financial Officer sold 13,333 shares of the company’s stock on Jun 21. The stock was sold for $328,792 at an average price of $24.66. Upon completion of the transaction, the Chief Financial Officer now directly owns 93,471 shares in the company, valued at $1.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Chief Financial Officer BRAMMAN ANNE L sold 13,333 shares of the business’s stock. A total of $322,713 was realized by selling the stock at an average price of $24.20. This leaves the insider owning 106,804 shares of the company worth $2.01 million. Insiders disposed of 163,439 shares of company stock worth roughly $3.07 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JWN stock. A new stake in Nordstrom Inc. shares was purchased by COOPER CREEK PARTNERS MANAGEMENT LLC during the first quarter worth $38,341,000. FISHER ASSET MANAGEMENT, LLC invested $32,465,000 in shares of JWN during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Nordstrom Inc. valued at approximately $15,287,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in JWN for approximately $8,915,000. KETTLE HILL CAPITAL MANAGEMENT, LLC purchased a new stake in JWN valued at around $5,895,000 in the second quarter. In total, there are 495 active investors with 58.90% ownership of the company’s stock.
Nordstrom Inc. (NYSE: JWN) opened at $18.19 on Monday. During the past 12 months, Nordstrom Inc. has had a low of $15.52 and a high of $29.59. As of last week, the company has a debt-to-equity ratio of 4.88, a current ratio of 1.00, and a quick ratio of 0.20. The fifty day moving average price for JWN is $18.26 and a two-hundred day moving average price translates $21.22 for the stock.
The latest earnings results from Nordstrom Inc. (NYSE: JWN) was released for Jul, 2022. According to the Department Stores Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.8 by 0.01. This compares to $0.39 EPS in the same period last year. The net profit margin was 2.10% and return on equity was 53.50% for JWN. The company reported revenue of $3.55 billion for the quarter, compared to $3.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.5 percent. For the current quarter, analysts expect JWN to generate $3.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/14/2022. Investors who held shares on 08/30/2022 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 4.05% percent yield. There was an ex-dividend date of 08/29/2022 for this dividend. In terms of dividend payout ratio, JWN is presently at 27.90%.
Nordstrom Inc.(JWN) Company Profile
Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of December 31, 2021, the company operated 94 Nordstrom stores and 240 Nordstrom Rack stores in the United States; 2 clearance stores; and 7 Nordstrom Local service hubs, as well as 6 Nordstrom stores and 7 Nordstrom Rack stores in Canada. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.
