Nordstrom Inc. [JWN] Is Currently 7.84 below its 200 Period Moving Avg: What Does This Mean?

Nordstrom Inc. [NYSE: JWN] stock went on an upward path that rose over 7.84% on Tuesday, amounting to a one-week price increase of more than 5.41%. The company report on October 4, 2022 that Nordstrom Rack to Open New Location in Kennesaw, GA.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack in the spring of 2024. The new store will be located in Barrett Place in Kennesaw, Georgia.

“We look forward to opening this new Nordstrom Rack location in the Kennesaw community, strengthening our network of stores, and introducing new customers to Nordstrom Rack’s unique product offering,” said Carl Jenkins, Senior Vice President of Nordstrom Rack Stores. “In addition to shopping the brands they love at a great price, our customers in metro Atlanta can take full advantage of this convenient new location to pick-up online orders and make returns.”.

Over the last 12 months, JWN stock dropped by -30.30%. The one-year Nordstrom Inc. stock forecast points to a potential upside of 12.78. The average equity rating for JWN stock is currently 3.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $3.01 billion, with 160.60 million shares outstanding and 96.35 million shares in the current float. Compared to the average trading volume of 6.99M shares, JWN stock reached a trading volume of 4980626 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $21.44 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.

Jefferies have made an estimate for Nordstrom Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 15, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on July 22, 2022, representing the official price target for Nordstrom Inc. stock. Previously, the target price had yet another raise to $30, while KeyBanc Capital Markets analysts kept a Overweight rating on JWN stock. On March 02, 2022, analysts increased their price target for JWN shares from 27 to 30.

The Average True Range (ATR) for Nordstrom Inc. is set at 0.97, with the Price to Sales ratio for JWN stock in the period of the last 12 months amounting to 0.19. The Price to Book ratio for the last quarter was 4.53, with the Price to Cash per share for the same quarter was set at 3.07.

JWN Stock Performance Analysis:

Nordstrom Inc. [JWN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.41. With this latest performance, JWN shares gained by 5.77% in over the last four-week period, additionally sinking by -33.99% over the last 6 months – not to mention a drop of -30.30% 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 49.41, with the RSI for the last a single of trading hit 54.63, and the three-weeks RSI is set at 47.07 for Nordstrom Inc. [JWN]. The present Moving Average for the last 50 days of trading for this stock 20.60, while it was recorded at 17.54 for the last single week of trading, and 23.12 for the last 200 days.

Insight into Nordstrom Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Nordstrom Inc. [JWN] shares currently have an operating margin of +3.33 and a Gross Margin at +36.82. Nordstrom Inc.’s Net Margin is presently recorded at +1.20.

Return on Equity for this stock inclined to 40.18, with Return on Assets sitting at 1.93.

Nordstrom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 1.00.

JWN Stock EPS

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 28.16%.

Nordstrom Inc. [JWN] Insider Position Details

There are presently around $1,801 million, or 61.60% of JWN stock, in the hands of institutional investors. The top three institutional holders of JWN stocks are: VANGUARD GROUP INC with ownership of 10,328,597, which is approximately 0.505% of the company’s market cap and around 2.20% of the total institutional ownership; BLACKROCK INC., holding 9,687,557 shares of the stock with an approximate value of $181.16 million in JWN stocks shares; and FMR LLC, currently with $128.48 million in JWN stock with ownership of nearly -42.212% of the company’s market capitalization.

203 institutional holders increased their position in Nordstrom Inc. [NYSE:JWN] by around 16,807,631 shares. Additionally, 163 investors decreased positions by around 18,029,084 shares, while 69 investors held positions by with 61,470,927 shares. The mentioned changes placed institutional holdings at 96,307,642 shares, according to the latest SEC report filing. JWN stock had 63 new institutional investments in for a total of 5,539,084 shares, while 54 institutional investors sold positions of 4,727,037 shares during the same period.

LEAVE A REPLY

Please enter your comment!
Please enter your name here