Nordstrom Inc. (NYSE:JWN) shares traded 3.50% higher at $15.98 on Wall Street last session.
JWN stock price is now 0.52% away from the 50-day moving average and -14.31% away from the 200-day moving average. The market capitalization of the company currently stands at $2.68B.
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In other news, Worzel Ken, Chief Customer Officer sold 28,645 shares of the company’s stock on Feb 02. The stock was sold for $601,528 at an average price of $21.00. Upon completion of the transaction, the Chief Customer Officer now directly owns 125,026 shares in the company, valued at $2.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Chief Customer Officer Worzel Ken sold 1,540 shares of the business’s stock. A total of $30,922 was realized by selling the stock at an average price of $20.08. This leaves the insider owning 128,671 shares of the company worth $2.06 million. Insiders disposed of 136,902 shares of company stock worth roughly $2.19 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 $50,367,000. POINT72 ASSET MANAGEMENT, L.P. invested $29,339,000 in shares of JWN during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Nordstrom Inc. valued at approximately $9,992,000. WALLEYE CAPITAL LLC acquired a new stake in JWN for approximately $5,866,000. DUALITY ADVISERS, LP purchased a new stake in JWN valued at around $2,798,000 in the second quarter. In total, there are 460 active investors with 58.90% ownership of the company’s stock.
Nordstrom Inc. (NYSE: JWN) opened at $15.51 on Monday. During the past 12 months, Nordstrom Inc. has had a low of $14.02 and a high of $27.72. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $6.34B, which is based on a 10.60 price-to-earnings ratio, a 1.01 price-to-earnings-growth ratio, and a beta of 2.22. The fifty day moving average price for JWN is $15.85 and a two-hundred day moving average price translates $18.61 for the stock.
The latest earnings results from Nordstrom Inc. (NYSE: JWN) was released for Jan, 2023. According to the Department Stores Company, earnings per share came in at $0.74, beating analysts’ expectations of $0.66 by 0.08. This compares to $1.26 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 37.70% for JWN. The company reported revenue of $4.32 billion for the quarter, compared to $4.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.7 percent. For the current quarter, analysts expect JWN to generate $3.12B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/14/2023. Investors who held shares on 05/30/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 4.76% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend. In terms of dividend payout ratio, JWN is presently at 49.80%.
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; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; and clearance stores under the Last Chance name. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.
