A Stock You Should Be Looking At: Nordstrom Inc. (NYSE:JWN)

After finishing at $26.38 in the prior trading day, Nordstrom Inc. (NYSE: JWN) closed at $24.18, down -8.34%. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 16643563 shares were traded. JWN stock price reached its highest trading level at $26.21 during the session, while it also had its lowest trading level at $23.06.

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Our goal is to gain a better understanding of JWN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 4.88 whereas as Long-Term Debt/Eq ratio is at 4.71.

Upgrades & Downgrades

On January 30, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $20.

Gordon Haskett Downgraded its Hold to Reduce on January 20, 2023, whereas the target price for the stock was revised from $20 to $13.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 02 when Worzel Ken sold 28,645 shares for $21.00 per share. The transaction valued at 601,528 led to the insider holds 125,026 shares of the business.

Worzel Ken sold 1,540 shares of JWN for $30,922 on Feb 01. The Chief Customer Officer now owns 128,671 shares after completing the transaction at $20.08 per share. On Jun 21, another insider, BRAMMAN ANNE L, who serves as the Chief Financial Officer of the company, sold 13,333 shares for $24.66 each. As a result, the insider received 328,792 and left with 93,471 shares of the company.

Valuation Measures:

As of this moment, Nordstrom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.56, and their Forward P/E ratio for the next fiscal year is 12.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 6.36.

Stock Price History:

Over the past 52 weeks, JWN has reached a high of $29.59, while it has fallen to a 52-week low of $15.52. The 50-Day Moving Average of the stock is 18.30, while the 200-Day Moving Average is calculated to be 21.01.

Shares Statistics:

The stock has traded on average 6.17M shares per day over the past 3-months and 10.5M shares per day over the last 10 days, according to various share statistics. A total of 159.50M shares are outstanding, with a floating share count of 97.30M. Insiders hold about 0.40% of the company’s shares, while institutions hold 58.90% stake in the company. Shares short for JWN as of Oct 13, 2022 were 22.2M with a Short Ratio of 21.95M, compared to 23.33M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 13.95% and a Short% of Float of 17.51%.

Dividends & Splits

In the trailing 12 months, JWN’s forward annual dividend rate was 0.37, compared to 0.76 this year. Against a Trailing Annual Dividend Yield of 1.40%, it implies a Forward Annual Dividend Yield of 3.65%. The current Payout Ratio is 27.90% for JWN, which recently paid a dividend on Dec 13, 2022 with an ex-dividend date of Aug 28, 2022. Stock splits for the company last occurred on Jun 30, 2005 when the company split stock in a 2:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 16 different market analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.04, while EPS last year was $0.39. The consensus estimate for the next quarter is $1.47, with high estimates of $1.8 and low estimates of $1.19.

Analysts are recommending an EPS of between $2.55 and $2 for the fiscal current year, implying an average EPS of $2.34. EPS for the following year is $2.59, with 21 analysts recommending between $2.96 and $1.6.

Revenue Estimates

A total of 20 analysts have provided revenue estimates for JWN’s current fiscal year. The highest revenue estimate was $15.72B, while the lowest revenue estimate was $15.2B, resulting in an average revenue estimate of $15.58B. In the same quarter a year ago, actual revenue was $14.79B, up 5.30% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $15.86B in the next fiscal year. The high estimate is $16.45B and the low estimate is $15.24B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.