In the past week, JWN stock has gone down by -0.21%, with a monthly decline of -10.48% and a quarterly surge of 1.09%. The volatility ratio for the week is 4.82%, and the volatility levels for the last 30 days are 4.94% for Nordstrom, Inc. The simple moving average for the past 20 days is -1.73% for JWN’s stock, with a 5.61% simple moving average for the past 200 days.
Is It Worth Investing in Nordstrom, Inc. (NYSE: JWN) Right Now?
Nordstrom, Inc. (NYSE: JWN) has a price-to-earnings ratio of 23.62x that is above its average ratio. Additionally, the 36-month beta value for JWN is 2.60. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 17 rating it as “hold,” and 5 rating it as “sell.”
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The public float for JWN is 97.69M and currently, short sellers hold a 16.99% ratio of that float. The average trading volume of JWN on March 27, 2024 was 4.69M shares.
JWN) stock’s latest price update
The stock price of Nordstrom, Inc. (NYSE: JWN) has plunged by -1.53 when compared to previous closing price of 18.91, but the company has seen a -0.21% decline in its stock price over the last five trading sessions. PYMNTS reported 2024-03-20 that The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).
Analysts’ Opinion of JWN
Many brokerage firms have already submitted their reports for JWN stocks, with Jefferies repeating the rating for JWN by listing it as a “Hold.” The predicted price for JWN in the upcoming period, according to Jefferies is $17 based on the research report published on March 07, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see JWN reach a price target of $19, previously predicting the price at $17. The rating they have provided for JWN stocks is “Market Perform” according to the report published on March 06th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to JWN, setting the target price at $17 in the report published on November 22nd of the previous year.
JWN Trading at -2.11% 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 -20.87% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 4.82%, as shares sank -14.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.53% upper at present.
During the last 5 trading sessions, JWN fell by -0.21%, which changed the moving average for the period of 200-days by -3.92% in comparison to the 20-day moving average, which settled at $18.79. In addition, Nordstrom, Inc. saw 0.92% 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 Lionello Gemma, who sale 32,916 shares at the price of $14.36 back on Oct 05 ’23. After this action, Lionello Gemma now owns 39,973 shares of Nordstrom, Inc., valued at $472,819 using the latest closing price.
Redwine Farrell B., the Chief Human Resources Officer of Nordstrom, Inc., sale 33,364 shares at $20.37 during a trade that took place back on Jun 30 ’23, which means that Redwine Farrell B. is holding 26,564 shares at $679,561 based on the most recent closing price.
Stock Fundamentals for JWN
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.37 for the gross margin
The net margin for Nordstrom, Inc. stands at 0.01. The total capital return value is set at -0.43. Equity return is now at value 16.76, with 1.55 for asset returns.
Based on Nordstrom, Inc. (JWN), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 3.66. The interest coverage ratio of the stock is -22.18.
Currently, EBITDA for the company is 1.05 billion with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 43.99for trailing twelve months and the total asset turnover is 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, Nordstrom, Inc. (JWN) has seen mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
