Nordstrom Inc. [NYSE: JWN] slipped around -1.19 points on Thursday, while shares priced at $35.94 at the close of the session, down -3.20%. The company report on April 9, 2021 that Nordstrom, Inc. Announces Closing of $675 Million of Senior Unsecured Notes.
Proceeds to be used to redeem 2025 secured notes, fully unencumbering real estate.
Reduces annualized interest expense by approximately $30 million.
Nordstrom Inc. stock is now 15.16% up from its year-to-date (YTD) trading value. JWN Stock saw the intraday high of $37.45 and lowest of $35.34 per share. The company’s 52-week high price is 46.45, which means current price is +20.48% above from all time high which was touched on 03/15/21.
Compared to the average trading volume of 3.97M shares, JWN reached a trading volume of 3399331 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $35.29 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 2.08, 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 18.62, with the Price to Cash per share for the same quarter was set at 4.40.
How has JWN stock performed recently?
Nordstrom Inc. [JWN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.81. With this latest performance, JWN shares dropped by -19.88% in over the last four-week period, additionally plugging by 169.01% over the last 6 months – not to mention a rise of 98.02% 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 43.38, with the RSI for the last a single of trading hit 39.55, and the three-weeks RSI is set at 46.22 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 36.94 for the last single week of trading, and 24.68 for the last 200 days.
Nordstrom Inc. [JWN]: Deeper insight into the fundamentals
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.
Earnings analysis for Nordstrom Inc. [JWN]
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%.
Insider trade positions for Nordstrom Inc. [JWN]
There are presently around $3,414 million, or 63.00% 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 $373.85 million in JWN stocks shares; and VANGUARD GROUP INC, currently with $347.39 million in JWN stock with ownership of nearly -1.215% of the company’s market capitalization.
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 171 institutional holders increased their position in Nordstrom Inc. [NYSE:JWN] by around 21,818,082 shares. Additionally, 210 investors decreased positions by around 28,008,658 shares, while 63 investors held positions by with 45,169,899 shares. The mentioned changes placed institutional holdings at 94,996,639 shares, according to the latest SEC report filing. JWN stock had 89 new institutional investments in for a total of 6,465,670 shares, while 60 institutional investors sold positions of 10,379,990 shares during the same period.