The stock of Nordstrom, Inc (NYSE:JWN) last traded at $24.21, up 0.17% from the previous session.
JWN stock price is now 4.18% away from the 50-day moving average and 11.77% away from the 200-day moving average. The market capitalization of the company currently stands at $4.00B.
With the price target enhanced from $24 to $26, Telsey Advisory Group maintained Market Perform rating for Nordstrom, Inc (NYSE: JWN). , while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, DePree Alexis, Chief Operating Officer sold 20,000 shares of the company’s stock on Sep 24 ’24. The stock was sold for $463,986 at an average price of $23.20. Upon completion of the transaction, the Chief Operating Officer now directly owns 169,331 shares in the company, valued at $4.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 24 ’24, Officer DePree Alexis bought 20,000 shares of the business’s stock. A total of $463,985 was incurred on buying the stock at an average price of $23.20. A total of 42.43% of the company’s stock is owned by insiders.
During the past 12 months, Nordstrom, Inc has had a low of $16.63 and a high of $24.99. As of last week, the company has a debt-to-equity ratio of 4.37, a current ratio of 1.14, and a quick ratio of 0.35. The fifty day moving average price for JWN is $23.212 and a two-hundred day moving average price translates $21.6278 for the stock.
The latest earnings results from Nordstrom, Inc (NYSE: JWN) was released for 2024-08-03. The net profit margin was 1.74% and return on equity was 30.65% for JWN. The company reported revenue of $3.89 billion for the quarter, compared to $3.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.23 percent.
