Nordstrom, Inc. (NYSE: JWN) has a higher price-to-earnings ratio of 23.84x compared to its average ratio, The 36-month beta value for JWN is at 2.59. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 17 as “hold,” and 5 as “sell.”
The public float for JWN is 93.52M, and currently, shorts hold a 19.68% of that float. The average trading volume for JWN on April 23, 2024 was 4.46M shares.
JWN) stock’s latest price update
Nordstrom, Inc. (NYSE: JWN)’s stock price has decreased by -0.69 compared to its previous closing price of 18.92. However, the company has seen a 5.74% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-22 that Retail stocks can be a good place to allocate capital during times of market volatility such as now. This is especially true when the economy is going strong, which is the case currently.
JWN’s Market Performance
JWN’s stock has risen by 5.74% in the past week, with a monthly drop of -6.28% and a quarterly rise of 0.32%. The volatility ratio for the week is 5.33% while the volatility levels for the last 30 days are 4.64% for Nordstrom, Inc. The simple moving average for the last 20 days is -1.22% for JWN stock, with a simple moving average of 6.77% for the last 200 days.
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 -2.15% 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 -20.14% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares sank -1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.52% lower at present.
During the last 5 trading sessions, JWN rose by +5.74%, which changed the moving average for the period of 200-days by -2.74% in comparison to the 20-day moving average, which settled at $19.01. In addition, Nordstrom, Inc. saw 1.84% 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 had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
