In last trading session, Nordstrom Inc. (NYSE:JWN) saw 10.65 million shares changing hands with its beta currently measuring 2.34. Company’s recent per share price level of $14.73 trading at -$0.12 or -0.81% at ring of the bell on the day assigns it a market valuation of $2.38B. That closing price of JWN’s stock is at a discount of -84.32% from its 52-week high price of $27.15 and is indicating a premium of 4.89% from its 52-week low price of $14.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.21 million shares which gives us an average trading volume of 4.68 million if we extend that period to 3-months.
For Nordstrom Inc. (JWN), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 18 analysts covering the stock, 4 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 2 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.13 in the current quarter.
Nordstrom Inc. (NYSE:JWN) trade information
Upright in the red during last session for losing -0.81%, in the last five days JWN remained trading in the green while hitting it’s week-highest on Thursday, 09/14/23 when the stock touched $14.73 price level, adding 1.54% to its value on the day. Nordstrom Inc.’s shares saw a change of -8.74% in year-to-date performance and have moved 0.61% in past 5-day. Nordstrom Inc. (NYSE:JWN) showed a performance of -24.50% in past 30-days. Number of shares sold short was 17.57 million shares which calculate 3.14 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $18.27 to the stock, which implies a rise of 19.38% to its current value. Analysts have been projecting $11.00 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -49.36% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.32% for stock’s current value.
Nordstrom Inc. (JWN) estimates and forecasts
Statistics highlight that Nordstrom Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -14.36% of value to its shares in past 6 months, showing an annual growth rate of 20.71% while that of industry is -5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -35.00% in the current quarter and calculating 32.40% increase in the next quarter. This year revenue growth is estimated to fall -5.30% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.42 billion for the same. And 15 analysts are in estimates of company making revenue of $4.4 billion in the next quarter that will end on Jan 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.80% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 38.00% while estimates for its earnings growth in next 5 years are of 11.92%.
Nordstrom Inc. is more likely to be releasing its next quarterly report between November 20 and November 24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Nordstrom Inc. (NYSE:JWN)’s Major holders
Insiders are in possession of 29.44% of company’s total shares while institution are holding 64.41 percent of that, with stock having share float percentage of 91.28%. Investors also watch the number of corporate investors in a company very closely, which is 64.41% institutions for Nordstrom Inc. that are currently holding shares of the company. El Puerto de Liverpool, S.A.B. de C.V. is the top institutional holder at JWN for having 15.76 million shares of worth $232.07 million. And as of Jun 29, 2023, it was holding 9.74% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 10.18 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.30% of outstanding shares, having a total worth of $150.02 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 3.65 million shares of worth $53.75 million or 2.26% of the total outstanding shares. The later fund manager was in possession of 2.98 million shares on Jun 29, 2023, making its stake of worth around $43.9 million in the company or a holder of 1.84% of company’s stock.