In the past week, JWN stock has gone down by -8.59%, with a monthly gain of 0.97% and a quarterly plunge of -2.15%. The volatility ratio for the week is 4.81%, and the volatility levels for the last 30 days are 5.00% for Nordstrom, Inc. The simple moving average for the last 20 days is -6.91% for JWN stock, with a simple moving average of 0.70% for the last 200 days.
Is It Worth Investing in Nordstrom, Inc. (NYSE: JWN) Right Now?
The price-to-earnings ratio for Nordstrom, Inc. (NYSE: JWN) is 22.55x, which is above its average ratio. Moreover, the 36-month beta value for JWN is 2.62. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 17 as “hold,” and 5 as “sell.”
The public float for JWN is 98.06M and currently, short sellers hold a 18.77% of that float. On April 16, 2024, JWN’s average trading volume was 4.52M shares.
JWN) stock’s latest price update
The stock price of Nordstrom, Inc. (NYSE: JWN) has plunged by -6.77 when compared to previous closing price of 19.06, but the company has seen a -8.59% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Nordstrom (JWN) focuses on three key priorities for fiscal 2024, which include driving growth at Nordstrom banner, optimizing operations and building on momentum at Rack banner.
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 -7.53% 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 -24.48% of loss for the given period.
Volatility was left at 5.00%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares surge +2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.68% lower at present.
During the last 5 trading sessions, JWN fell by -8.59%, which changed the moving average for the period of 200-days by -8.54% in comparison to the 20-day moving average, which settled at $19.11. In addition, Nordstrom, Inc. saw -3.69% in overturn over a single year, with a tendency to cut further losses.
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 0.46. 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
To wrap up, the performance of Nordstrom, Inc. (JWN) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. 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.
