Nordstrom Inc. (NYSE: JWN)’s stock price has soared by 2.41 in relation to previous closing price of 15.77. Nevertheless, the company has seen a gain of 4.26% in its stock price over the last five trading days. Barron’s reported on 03/03/23 that Nordstrom Is Leaving Canada. Here’s Why.
Is It Worth Investing in Nordstrom Inc. (NYSE: JWN) Right Now?
Nordstrom Inc. (NYSE: JWN) has a higher price-to-earnings ratio of 10.71x compared to its average ratio. compared to its average ratio and a 36-month beta value of 2.22. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 4 as “sell.”
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The average price point forecasted by analysts for Nordstrom Inc. (JWN) is $17.87, which is $2.21 above the current market price. The public float for JWN is 97.30M, and currently, short sellers hold a 22.23% ratio of that float. The average trading volume of JWN on May 25, 2023 was 4.95M shares.
JWN’s Market Performance
JWN’s stock has seen a 4.26% increase for the week, with a 6.18% rise in the past month and a -18.31% fall in the past quarter. The volatility ratio for the week is 5.10%, and the volatility levels for the past 30 days are at 3.91% for Nordstrom Inc. The simple moving average for the past 20 days is 6.24% for JWN’s stock, with a -13.04% simple moving average for the past 200 days.
JWN Trading at 2.02% from the 50-Day Moving Average
After a stumble in the market that brought JWN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.74% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares surge +5.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.71% lower at present.
During the last 5 trading sessions, JWN rose by +4.26%, which changed the moving average for the period of 200-days by -32.14% in comparison to the 20-day moving average, which settled at $15.24. In addition, Nordstrom Inc. saw 0.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JWN starting from Worzel Ken, who sale 28,645 shares at the price of $21.00 back on Feb 02. After this action, Worzel Ken now owns 125,026 shares of Nordstrom Inc., valued at $601,528 using the latest closing price.
Worzel Ken, the Chief Customer Officer of Nordstrom Inc., sale 1,540 shares at $20.08 during a trade that took place back on Feb 01, which means that Worzel Ken is holding 128,671 shares at $30,922 based on the most recent closing price.
Stock Fundamentals for JWN
Current profitability levels for the company are sitting at:
- +3.56 for the present operating margin
- +35.54 for the gross margin
The net margin for Nordstrom Inc. stands at +1.58. The total capital return value is set at 10.29, while invested capital returns managed to touch 4.85. Equity return is now at value 37.70, with 2.70 for asset returns.
Based on Nordstrom Inc. (JWN), the company’s capital structure generated 635.99 points at debt to equity in total, while total debt to capital is 86.41. Total debt to assets is 53.74, with long-term debt to equity ratio resting at 592.96. Finally, the long-term debt to capital ratio is 80.57.
When we switch over and look at the enterprise to sales, we see a ratio of 0.42, with the company’s debt to enterprise value settled at 0.67. The receivables turnover for the company is 59.73 and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, Nordstrom Inc. (JWN) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
