The stock of Nordstrom Inc. (NYSE:JWN) last traded at $19.75, down -4.13% from the previous session.
Data from the available sources indicates that Nordstrom Inc. (NYSE:JWN) is covered by 19 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $12.00, we find $20.00. Given the previous closing price of $20.60, this indicates a potential downside of -2.91 percent. JWN stock price is now -3.03% away from the 50-day moving average and 6.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3.24B.
In total, 11 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $19.00 as their price target over the next twelve months.
With the price target maintained at $23, Argus recently Upgraded its rating from Hold to Buy for Nordstrom Inc. (NYSE: JWN).
In other news, Redwine Farrell B., Chief Human Resources Officer sold 33,364 shares of the company’s stock on Jun 30. The stock was sold for $679,561 at an average price of $20.37. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 26,564 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Chief Merchandising Officer Bariquit Teri sold 25,000 shares of the business’s stock. A total of $487,825 was realized by selling the stock at an average price of $19.51. This leaves the insider owning 56,853 shares of the company worth $1.12 million. Insiders disposed of 126,918 shares of company stock worth roughly $2.51 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 CITADEL ADVISORS LLC during the first quarter worth $45,402,000. MAVERICK CAPITAL LTD invested $5,181,000 in shares of JWN during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Nordstrom Inc. valued at approximately $5,032,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in JWN for approximately $4,697,000. INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC purchased a new stake in JWN valued at around $4,566,000 in the second quarter. In total, there are 437 active investors with 58.90% ownership of the company’s stock.
With an opening price of $20.32 on Tuesday morning, Nordstrom Inc. (NYSE: JWN) set off the trading day. During the past 12 months, Nordstrom Inc. has had a low of $14.02 and a high of $27.42. As of last week, the company has a debt-to-equity ratio of 5.19, a current ratio of 1.00, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $7.12B, which is based on a 179.55 price-to-earnings ratio, a 13.60 price-to-earnings-growth ratio, and a beta of 2.31. The fifty day moving average price for JWN is $20.41 and a two-hundred day moving average price translates $18.59 for the stock.
The latest earnings results from Nordstrom Inc. (NYSE: JWN) was released for Apr, 2023. According to the Department Stores Company, earnings per share came in at $0.07, beating analysts’ expectations of -$0.13 by 0.2. This compares to $0.12 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 3.10% for JWN. The company reported revenue of $3.18 billion for the quarter, compared to $3.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.87 percent. For the current quarter, analysts expect JWN to generate $3.65B 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 3.85% 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 595.70%.
