Nordstrom, Inc.’s Market Journey: Closing Strong at 23.82, Up 0.29

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The closing price of Nordstrom, Inc. (NYSE: JWN) was $23.82 for the day, up 0.29% from the previous closing price of $23.75. In other words, the price has increased by $0.29 from its previous closing price. On the day, 1.69 million shares were traded. JWN stock price reached its highest trading level at $24.03 during the session, while it also had its lowest trading level at $23.1908.

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 9.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.52. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 5.07 whereas as Long-Term Debt/Eq ratio is at 4.78.

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 July 09, 2024, Reiterated its Market Perform rating but revised its target price to $23 from $19 previously.

On March 07, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $18 to $17.

Telsey Advisory Group reiterated its Market Perform rating for the stock on March 06, 2024, while the target price for the stock was revised from $17 to $19.

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.

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 3898118912 and an Enterprise Value of 7708113920. As of this moment, Nordstrom,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.06, and their Forward P/E ratio for the next fiscal year is 12.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 4.66. Its current Enterprise Value per Revenue stands at 0.519 whereas that against EBITDA is 7.065.

Stock Price History:

Over the past 52 weeks, JWN has reached a high of $23.80, while it has fallen to a 52-week low of $12.88. The 50-Day Moving Average of the stock is 10.86%, while the 200-Day Moving Average is calculated to be 29.41%.

Shares Statistics:

JWN traded an average of 2.58M shares per day over the past three months and 2344252 shares per day over the past ten days. A total of 162.40M shares are outstanding, with a floating share count of 109.08M. Insiders hold about 33.35% of the company’s shares, while institutions hold 55.70% stake in the company. Shares short for JWN as of 1719532800 were 15515075 with a Short Ratio of 6.01, compared to 1717113600 on 17347172. Therefore, it implies a Short% of Shares Outstanding of 15515075 and a Short% of Float of 11.81.

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 0.031999998The stock’s 5-year Average Dividend Yield is 3.88.

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