The stock of Nordstrom Inc. (NYSE:JWN) last traded at $14.90, down -2.55% from the previous session.
Data from the available sources indicates that Nordstrom Inc. (NYSE:JWN) is covered by 20 analysts. 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 $11.00, we find $19.00. Given the previous closing price of $15.29, this indicates a potential upside of 24.26 percent. JWN stock price is now -24.97% away from the 50-day moving average and -18.88% away from the 200-day moving average. The market capitalization of the company currently stands at $2.43B.
In total, 11 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $18.27 as their price target over the next twelve months.
With the price target reduced from $21 to $19, Telsey Advisory Group maintained Market Perform rating 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 $0.4 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 $0.85 million. Insiders disposed of 126,918 shares of company stock worth roughly $1.89 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 $34,253,000. MAVERICK CAPITAL LTD invested $3,909,000 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 $3,796,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in JWN for approximately $3,543,000. INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC purchased a new stake in JWN valued at around $3,445,000 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 $15.14 on Wednesday 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 $27.15. 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 $6.06B, which is based on a 84.66 price-to-earnings ratio, a 7.10 price-to-earnings-growth ratio, and a beta of 2.34. The fifty day moving average price for JWN is $19.79 and a two-hundred day moving average price translates $18.34 for the stock.
The latest earnings results from Nordstrom Inc. (NYSE: JWN) was released for Jul, 2023. According to the Department Stores Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.44 by 0.4. This compares to $0.77 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 38.30% for JWN. The company reported revenue of $3.77 billion for the quarter, compared to $4.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.89 percent. For the current quarter, analysts expect JWN to generate $3.41B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/13/2023. Investors who held shares on 08/29/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 5.10% percent yield. There was an ex-dividend date of 08/28/2023 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.
