Nordstrom Inc. [NYSE: JWN] gained 2.94% or 0.35 points to close at $12.27 with a heavy trading volume of 7311709 shares.
It opened the trading session at $12.29, the shares rose to $12.60 and dropped to $12.11, the range by which the price of stock traded the whole day. The daily chart for JWN points out that the company has recorded -22.24% loss over the past six months. However, it is still -4.69% lower than its most recent low trading price.
If we look at the average trading volume of 9.20M shares, JWN reached to a volume of 7311709 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Nordstrom Inc. [JWN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JWN shares is $18.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JWN stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Nordstrom Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 26, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $21 to $18. The new note on the price target was released on July 08, 2020, representing the official price target for Nordstrom Inc. stock. Previously, the target price had yet another raise from $18 to $21, while Telsey Advisory Group kept a Market Perform rating on JWN stock. On May 26, 2020, analysts decreased their price target for JWN shares from 25 to 18.
The Average True Range (ATR) for Nordstrom Inc. is set at 0.77, with the Price to Sales ratio for JWN stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 11.05, with the Price to Cash per share for the same quarter was set at 6.20.
Trading performance analysis for JWN stock
Nordstrom Inc. [JWN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.33. With this latest performance, JWN shares dropped by -17.04% in over the last four-week period, additionally sinking by -22.24% over the last 6 months – not to mention a drop of -62.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JWN stock in for the last two-week period is set at 34.96, with the RSI for the last a single of trading hit 28.53, and the three-weeks RSI is set at 37.00 for Nordstrom Inc. [JWN]. The present Moving Average for the last 50 days of trading for this stock 14.98, while it was recorded at 12.30 for the last single week of trading, and 23.17 for the last 200 days.
Nordstrom Inc. [JWN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Nordstrom Inc. [JWN] shares currently have an operating margin of +5.26 and a Gross Margin at +36.02. Nordstrom Inc.’s Net Margin is presently recorded at +3.20.
Return on Total Capital for JWN is now 17.10, given the latest momentum, and Return on Invested Capital for the company is 10.93. Return on Equity for this stock inclined to 53.56, with Return on Assets sitting at 5.63. When it comes to the capital structure of this company, Nordstrom Inc. [JWN] has a Total Debt to Total Equity ratio set at 501.02. Additionally, JWN Total Debt to Total Capital is recorded at 83.36, with Total Debt to Total Assets ending up at 50.37. Long-Term Debt to Equity for the company is recorded at 464.86, with the Long-Term Debt to Total Capital now at 77.35.
Reflecting on the efficiency of the workforce at the company, Nordstrom Inc. [JWN] managed to generate an average of $7,294 per employee. Receivables Turnover for the company is 94.95 with a Total Asset Turnover recorded at a value of 1.76.Nordstrom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.
Nordstrom Inc. [JWN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Nordstrom Inc. posted 0.81/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 26.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JWN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nordstrom Inc. go to -4.95%.
An analysis of insider ownership at Nordstrom Inc. [JWN]
There are presently around $1,263 million, or 68.20% of JWN stock, in the hands of institutional investors. The top three institutional holders of JWN stocks are: VANGUARD GROUP INC with ownership of 10,084,760, which is approximately -18.57% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 9,957,580 shares of the stock with an approximate value of $122.18 million in JWN stocks shares; and JPMORGAN CHASE & CO, currently with $72.08 million in JWN stock with ownership of nearly 5.724% of the company’s market capitalization.
Positions in Nordstrom Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 185 institutional holders increased their position in Nordstrom Inc. [NYSE:JWN] by around 23,928,140 shares. Additionally, 277 investors decreased positions by around 32,645,847 shares, while 65 investors held positions by with 46,342,386 shares. The mentioned changes placed institutional holdings at 102,916,373 shares, according to the latest SEC report filing. JWN stock had 68 new institutional investments in for a total of 6,092,876 shares, while 119 institutional investors sold positions of 6,900,086 shares during the same period.