After finishing at $20.90 in the prior trading day, Nordstrom, Inc. (NYSE: JWN) closed at $17.54, down -16.08%. In other words, the price has decreased by -$3.36 from its previous closing price. On the day, 17468705 shares were traded. JWN stock price reached its highest trading level at $18.94 during the session, while it also had its lowest trading level at $17.40.
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Ratios:
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 4.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.79. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 5.28 whereas as Long-Term Debt/Eq ratio is at 4.70.
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 this company, Telsey Advisory Group on Mar-07-24, Reiterated its Market Perform rating but revised its target price to $19 from $17 previously.
On November 22, 2023, Telsey Advisory Group reiterated its Market Perform rating and also upped its target price recommendation from $19 to $17.
On November 07, 2023, Evercore ISI started tracking the stock assigning a In-line rating and target price of $14.Evercore ISI initiated its In-line rating on November 07, 2023, with a $14 target price.
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 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.
Redwine Farrell B. sold 33,364 shares of JWN for $679,561 on Jun 30 ’23. The Chief Human Resources Officer now owns 26,564 shares after completing the transaction at $20.37 per share. On Jun 09 ’23, another insider, Bariquit Teri, who serves as the Chief Merchandising Officer of the company, sold 25,000 shares for $19.51 each. As a result, the insider received 487,825 and left with 56,853 shares of the company.
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 2.85B and an Enterprise Value of 6.97B. As of this moment, Nordstrom,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.09, and their Forward P/E ratio for the next fiscal year is 8.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is 7.05.
Stock Price History:
Over the past 52 weeks, JWN has reached a high of $23.53, while it has fallen to a 52-week low of $12.88. The 50-Day Moving Average of the stock is 19.09, while the 200-Day Moving Average is calculated to be 17.52.
Shares Statistics:
The stock has traded on average 4.63M shares per day over the past 3-months and 4.39M shares per day over the last 10 days, according to various share statistics. A total of 162.40M shares are outstanding, with a floating share count of 97.87M. Insiders hold about 39.71% of the company’s shares, while institutions hold 54.63% stake in the company. Shares short for JWN as of Feb 15, 2024 were 17.43M with a Short Ratio of 3.77, compared to 20.79M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.73% and a Short% of Float of 13.38%.
Dividends & Splits
In the trailing 12 months, JWN’s forward annual dividend rate was 0.00, compared to 0.76 this year. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 4.33%. The stock’s 5-year Average Dividend Yield is 3.88. The current Payout Ratio is 92.68% for JWN, which recently paid a dividend on Mar 27, 2024 with an ex-dividend date of Mar 11, 2024. Stock splits for the company last occurred on Jul 01, 2005 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.08, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.73, with high estimates of $0.86 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.58 and $1.1 for the fiscal current year, implying an average EPS of $1.98. EPS for the following year is $2.18, with 9 analysts recommending between $3.58 and $1.22.
Revenue Estimates
A total of 16 analysts have provided revenue estimates for JWN’s current fiscal year. The highest revenue estimate was $15.06B, while the lowest revenue estimate was $14.11B, resulting in an average revenue estimate of $14.64B. In the same quarter a year ago, actual revenue was $14.69B, down -0.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $14.75B in the next fiscal year. The high estimate is $15.13B and the low estimate is $14.19B. The average revenue growth estimate for next year is up 0.80% from the average revenue estimate for this year.
