Nordstrom Inc. [JWN] moved down -3.28: Why It’s Important

Nordstrom Inc. [NYSE: JWN] closed the trading session at $14.16 on 09/11/23. The day’s price range saw the stock hit a low of $14.11, while the highest price level was $14.77. The company report on August 30, 2023 at 4:05 PM that Nordstrom to Participate in the Goldman Sachs Global Retailing Conference.

Nordstrom, Inc. (NYSE: JWN) announced today that Erik Nordstrom, chief executive officer, and Cathy Smith, chief financial officer, will participate in a fireside chat at the Goldman Sachs Global Retailing Conference on Wednesday, September 13, 2023 at 9:35 a.m. EDT.

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The session will be webcast live through the Events & Presentations section at investor.nordstrom.com. The archived webcast will be available until March 11, 2023, at the same location within four hours after the conclusion of the live event.

The stocks have a year to date performance of -12.27 percent and weekly performance of -11.89 percent. The stock has been moved at -22.37 percent over the last six months. The stock has performed -34.60 percent around the most recent 30 days and changed -28.27 percent over the most recent 3-months.

If compared to the average trading volume of 4.69M shares, JWN reached to a volume of 5348785 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 $18.27 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.

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 25, 2023.

The Average True Range (ATR) for Nordstrom Inc. is set at 0.75, with the Price to Sales ratio for JWN stock in the period of the last 12 months amounting to 0.15. The Price to Book ratio for the last quarter was 3.40, with the Price to Cash per share for the same quarter was set at 5.47. Price to Free Cash Flow for JWN in the course of the last twelve months was 4.13 with Quick ratio for the last quarter at 0.40.

JWN stock trade performance evaluation

Nordstrom Inc. [JWN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.89. With this latest performance, JWN shares dropped by -34.60% in over the last four-week period, additionally sinking by -22.37% over the last 6 months – not to mention a drop of -27.76% 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 20.33, with the RSI for the last a single of trading hit 15.50, and the three-weeks RSI is set at 25.88 for Nordstrom Inc. [JWN]. The present Moving Average for the last 50 days of trading for this stock 19.48, while it was recorded at 14.73 for the last single week of trading, and 18.24 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 +3.56 and a Gross Margin at +35.54. Nordstrom Inc.’s Net Margin is presently recorded at +1.58.

Return on Total Capital for JWN is now 10.29, given the latest momentum, and Return on Invested Capital for the company is 4.85. Return on Equity for this stock inclined to 37.12, with Return on Assets sitting at 2.78. When it comes to the capital structure of this company, Nordstrom Inc. [JWN] has a Total Debt to Total Equity ratio set at 635.99. Additionally, JWN Total Debt to Total Capital is recorded at 86.41, with Total Debt to Total Assets ending up at 53.74. Long-Term Debt to Equity for the company is recorded at 592.96, with the Long-Term Debt to Total Capital now at 80.57.

Reflecting on the efficiency of the workforce at the company, Nordstrom Inc. [JWN] managed to generate an average of $4,083 per employee. Receivables Turnover for the company is 59.73 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 0.40 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Nordstrom Inc. [JWN] stock

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 11.92%.

Nordstrom Inc. [JWN]: Institutional Ownership

The top three institutional holders of JWN stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in JWN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in JWN stock with ownership which is approximately 5.7381%.

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