The closing price of Nordstrom, Inc. (NYSE: JWN) was $19.02 for the day, down -2.41% from the previous closing price of $19.49. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 3125770 shares were traded.
Ratios:
Our analysis of JWN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.72. 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 5.35 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 the company, Jefferies on March 07, 2024, Downgraded its rating to Hold and sets its target price to $17 from $18 previously.
On March 06, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $17 to $19.
Telsey Advisory Group reiterated its Market Perform rating for the stock on November 22, 2023, while the target price for the stock was revised from $19 to $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3.18B and an Enterprise Value of 7.03B. As of this moment, Nordstrom,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.13, and their Forward P/E ratio for the next fiscal year is 9.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 3.64. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is 6.67.
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 19.20, while the 200-Day Moving Average is calculated to be 17.63.
Shares Statistics:
JWN traded an average of 4.68M shares per day over the past three months and 3.99M shares per day over the past ten days. A total of 162.40M shares are outstanding, with a floating share count of 97.69M. Insiders hold about 40.16% of the company’s shares, while institutions hold 54.32% stake in the company. Shares short for JWN as of Mar 15, 2024 were 18.95M with a Short Ratio of 4.05, compared to 17.43M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.61% and a Short% of Float of 14.45%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.76, JWN has a forward annual dividend rate of 0.76. Against a Trailing Annual Dividend Yield of 3.90%, it implies a Forward Annual Dividend Yield of 3.90%. The stock’s 5-year Average Dividend Yield is 3.88. The current Payout Ratio is 92.67% 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
The firm’s stock currently is rated by 15 analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of $0 and a low estimate of -$0.15, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.64, with high estimates of $0.76 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.03 and $1.3 for the fiscal current year, implying an average EPS of $1.79. EPS for the following year is $1.98, with 16 analysts recommending between $3.14 and $1.37.
Revenue Estimates
Based on 13 analysts’ estimates, the company’s revenue will be $14.97B in the next fiscal year. The high estimate is $15.31B and the low estimate is $14.76B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
