Market Insight: Nordstrom, Inc. (JWN)’s Notable Drop, Closing at 22.40

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In the latest session, Nordstrom, Inc. (NYSE: JWN) closed at $22.40 down -0.44% from its previous closing price of $22.50. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 2.49 million shares were traded. JWN stock price reached its highest trading level at $23.14 during the session, while it also had its lowest trading level at $22.295.

Ratios:

For a deeper understanding of Nordstrom, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.05. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 4.46 whereas as Long-Term Debt/Eq ratio is at 4.20.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on September 05, 2024, Upgraded its rating to Equal Weight and sets its target price to $23 from $18 previously.

On August 28, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $23 to $24.

Telsey Advisory Group reiterated its Market Perform rating for the stock on July 09, 2024, while the target price for the stock was revised from $19 to $23.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 05 ’23 when Lionello Gemma sold 32,916 shares for $14.36 per share. The transaction valued at 472,819 led to the insider holds 39,973 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JWN now has a Market Capitalization of 3678326528 and an Enterprise Value of 7231326208. As of this moment, Nordstrom,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.12, and their Forward P/E ratio for the next fiscal year is 11.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 0.483 whereas that against EBITDA is 6.266.

Stock Price History:

Over the past 52 weeks, JWN has reached a high of $24.03, while it has fallen to a 52-week low of $12.88. The 50-Day Moving Average of the stock is 1.17%, while the 200-Day Moving Average is calculated to be 11.98%.

Shares Statistics:

For the past three months, JWN has traded an average of 2.35M shares per day and 2990570 over the past ten days. A total of 162.40M shares are outstanding, with a floating share count of 92.95M. Insiders hold about 43.40% of the company’s shares, while institutions hold 54.17% stake in the company. Shares short for JWN as of 1724976000 were 13060273 with a Short Ratio of 5.56, compared to 1722384000 on 14867671. Therefore, it implies a Short% of Shares Outstanding of 13060273 and a Short% of Float of 9.9.

Dividends & Splits

According to the company, the forward annual dividend rate for JWN is 0.76, from 0.76 in the trailing year. Against a Trailing Annual Dividend Yield of 0.033777777The stock’s 5-year Average Dividend Yield is 3.88.

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