Nordstrom Inc. [NYSE: JWN] closed the trading session at $39.25 on 01/27/21. The day’s price range saw the stock hit a low of $39.02, while the highest price level was $42.22. The company report on January 22, 2021 that Government of Canada explores new approaches to regional economic development in Western Canada.
Minister Joly launches virtual engagement with community and business stakeholders in British Columbia.
Canada’s diverse regional economies require tailored support that helps businesses and communities to thrive. This is a job done by the Government of Canada’s six regional development agencies, including Western Economic Diversification Canada. To better reflect the growing needs of the British Columbia economy, the government is looking towards creating separate regional development agencies for British Columbia and the Prairies, adding a new, seventh regional development agency in British Columbia.
The stocks have a year to date performance of 25.76 percent and weekly performance of 9.39 percent. The stock has been moved at 176.02 percent over the last six months. The stock has performed 29.37 percent around the most recent 30 days and changed 196.45 percent over the most recent 3-months.
If compared to the average trading volume of 8.94M shares, JWN reached to a volume of 9040844 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $28.33 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 3.20. 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 January 14, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $24 to $28. The new note on the price target was released on November 25, 2020, representing the official price target for Nordstrom Inc. stock. Previously, the target price had yet another raise to $17, while Telsey Advisory Group analysts kept a Outperform rating on JWN stock. On August 26, 2020, analysts decreased their price target for JWN shares from 18 to 17.
The Average True Range (ATR) for Nordstrom Inc. is set at 2.07, with the Price to Sales ratio for JWN stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 24.53, with the Price to Cash per share for the same quarter was set at 5.81.
JWN stock trade performance evaluation
Nordstrom Inc. [JWN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.39. With this latest performance, JWN shares gained by 29.37% in over the last four-week period, additionally plugging by 176.02% over the last 6 months – not to mention a rise of 1.92% 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 73.37, with the RSI for the last a single of trading hit 75.45, and the three-weeks RSI is set at 72.14 for Nordstrom Inc. [JWN]. The present Moving Average for the last 50 days of trading for this stock 30.60, while it was recorded at 38.07 for the last single week of trading, and 19.40 for the last 200 days.
Nordstrom Inc. [JWN]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Nordstrom Inc. [JWN] stock
With the latest financial reports released by the company, Nordstrom Inc. posted 1.23/share EPS, while the average EPS was predicted by analysts to be reported at 1.47/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.30%. 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 -5.36%.
Nordstrom Inc. [JWN]: Insider Ownership positions
There are presently around $3,911 million, or 67.60% of JWN stock, in the hands of institutional investors. The top three institutional holders of JWN stocks are: BLACKROCK INC. with ownership of 13,805,426, which is approximately 38.642% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 9,784,749 shares of the stock with an approximate value of $384.05 million in JWN stocks shares; and JPMORGAN CHASE & CO, currently with $206.51 million in JWN stock with ownership of nearly -10.429% of the company’s market capitalization.
Positions in Nordstrom Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 150 institutional holders increased their position in Nordstrom Inc. [NYSE:JWN] by around 18,603,198 shares. Additionally, 217 investors decreased positions by around 20,323,543 shares, while 74 investors held positions by with 60,707,374 shares. The mentioned changes placed institutional holdings at 99,634,115 shares, according to the latest SEC report filing. JWN stock had 49 new institutional investments in for a total of 5,524,655 shares, while 84 institutional investors sold positions of 4,075,525 shares during the same period.