When is the right time to cash out of Nordstrom, Inc. [JWN] stock?

In yesterday’s Wall Street session, Nordstrom, Inc. (NYSE:JWN) shares traded at $13.46, down -4.54% from the previous session.

As of this writing, 21 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 $11.00, we find $18.50. Given the previous closing price of $14.10, this indicates a potential upside of 31.21 percent. JWN stock price is now -6.74% away from the 50-day moving average and -22.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2.18B.

There are 12 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $17.31 as their price target over the next twelve months.

With the price target of $14, Evercore ISI recently initiated with In-line rating for Nordstrom, Inc. (NYSE: JWN).

In other news, Lionello Gemma, President, Nordstrom Rack sold 32,916 shares of the company’s stock on Oct 05. The stock was sold for $472,819 at an average price of $14.36. Upon completion of the transaction, the President, Nordstrom Rack now directly owns 39,973 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 30, Chief Human Resources Officer Redwine Farrell B. sold 33,364 shares of the business’s stock. A total of $679,561 was realized by selling the stock at an average price of $20.37. This leaves the insider owning 26,564 shares of the company worth $0.36 million. Insiders disposed of 117,647 shares of company stock worth roughly $1.58 million over the past 1 year. A total of 39.83% of the company’s stock is owned by insiders.

Thursday morning saw Nordstrom, Inc. (NYSE: JWN) opened at $14.16. During the past 12 months, Nordstrom, Inc. has had a low of $13.24 and a high of $27.15. As of last week, the company has a debt-to-equity ratio of 6.64, a current ratio of 0.99, and a quick ratio of 0.43. According to the stock market information, the enterprise value for the company is $5.77B, which is based on a 76.65 price-to-earnings ratio, a 6.43 price-to-earnings-growth ratio, and a beta of 2.44. The fifty day moving average price for JWN is $14.43 and a two-hundred day moving average price translates $17.48 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 0.21% and return on equity was 4.64% 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 $3.42B in revenue.

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.

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