Nordstrom Inc. [JWN] gain 17.78% so far this year. What now?

Nordstrom Inc. [NYSE: JWN] loss -2.93% on the last trading session, reaching $36.76 price per share at the time. The company report on March 25, 2021 that Nordstrom, Inc. Announces Pricing of Offerings of $250 Million of 2.300% of Senior Notes due 2024 and $425 Million of 4.250% of Senior Notes due 2031.

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Nordstrom, Inc. (NYSE: JWN) announced that it priced an offering of $250 million aggregate principal amount of its 2.300% senior notes due 2024 (the “2024 Notes”) and $425 million aggregate principal amount of its 4.250% Senior Notes due 2031 (the “2031 Notes” and, together with the 2024 Notes, the “Notes”), at an offering price of 100% of the principal amount thereof, in the case of the 2024 Notes and 99.922% of the principal amount thereof, in the case of the 2031 Notes. The sale of the Notes is expected to close on or about April 8, 2021.

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The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state or other securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. Nordstrom, Inc. plans to offer and issue the Notes only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S. The Notes will be subject to restrictions on transferability and resale and may not be transferred or resold except in compliance with the registration requirements of the Securities Act or pursuant to an exemption therefrom and in compliance with other applicable securities laws.

Nordstrom Inc. represents 157.80 million in outstanding shares, while the company has a total market value of $5.97 billion with the latest information. JWN stock price has been found in the range of $36.515 to $38.135.

If compared to the average trading volume of 4.45M shares, JWN reached a trading volume of 3704162 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 $35.00 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 3.00. 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.

Jefferies have made an estimate for Nordstrom Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 12, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $28 to $38. The new note on the price target was released on February 25, 2021, representing the official price target for Nordstrom Inc. stock. Previously, the target price had yet another raise to $45, while Gordon Haskett analysts kept a Buy rating on JWN stock.

The Average True Range (ATR) for Nordstrom Inc. is set at 2.38, with the Price to Sales ratio for JWN stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 19.05, with the Price to Cash per share for the same quarter was set at 4.19.

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 -1.82. With this latest performance, JWN shares gained by 1.35% in over the last four-week period, additionally plugging by 208.39% over the last 6 months – not to mention a rise of 176.60% 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 45.54, with the RSI for the last a single of trading hit 42.04, and the three-weeks RSI is set at 48.13 for Nordstrom Inc. [JWN]. The present Moving Average for the last 50 days of trading for this stock 37.46, while it was recorded at 37.77 for the last single week of trading, and 23.77 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 -7.67 and a Gross Margin at +29.30. Nordstrom Inc.’s Net Margin is presently recorded at -6.44.

Return on Total Capital for JWN is now -14.28, given the latest momentum, and Return on Invested Capital for the company is -13.41. Return on Equity for this stock declined to -107.48, with Return on Assets sitting at -7.16. When it comes to the capital structure of this company, Nordstrom Inc. [JWN] has a Total Debt to Total Equity ratio set at 1,744.92. Additionally, JWN Total Debt to Total Capital is recorded at 94.58, with Total Debt to Total Assets ending up at 55.80. Long-Term Debt to Equity for the company is recorded at 1,460.98, with the Long-Term Debt to Total Capital now at 79.19.

Reflecting on the efficiency of the workforce at the company, Nordstrom Inc. [JWN] managed to generate an average of -$11,129 per employee. Receivables Turnover for the company is 21.78 with a Total Asset Turnover recorded at a value of 1.11.Nordstrom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 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 -3.33/share EPS, while the average EPS was predicted by analysts to be reported at -1.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -211.20%. 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 -5.52%.

An analysis of insider ownership at Nordstrom Inc. [JWN]

There are presently around $3,492 million, or 63.30% of JWN stock, in the hands of institutional investors. The top three institutional holders of JWN stocks are: FMR LLC with ownership of 13,656,834, which is approximately 350.894% of the company’s market cap and around 4.30% of the total institutional ownership; BLACKROCK INC., holding 10,402,108 shares of the stock with an approximate value of $382.38 million in JWN stocks shares; and VANGUARD GROUP INC, currently with $355.32 million in JWN stock with ownership of nearly -1.215% of the company’s market capitalization.

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Positions in Nordstrom Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 172 institutional holders increased their position in Nordstrom Inc. [NYSE:JWN] by around 21,827,234 shares. Additionally, 208 investors decreased positions by around 28,096,822 shares, while 62 investors held positions by with 45,071,909 shares. The mentioned changes placed institutional holdings at 94,995,965 shares, according to the latest SEC report filing. JWN stock had 91 new institutional investments in for a total of 6,473,497 shares, while 61 institutional investors sold positions of 10,458,652 shares during the same period.

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