Nordstrom, Inc. (NYSE:JWN) has a beta value of 2.61 and has seen 7.96 million shares traded in the recent trading session. The company, currently valued at $3.08B, closed the recent trade at $18.97 per share which meant it gained $1.91 on the day or 11.17% during that session. The JWN stock price is -24.04% off its 52-week high price of $23.53 and 32.1% above the 52-week low of $12.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.41 million shares traded. The 3-month trading volume is 4.49 million shares.
Nordstrom, Inc. (NYSE:JWN) trade information
Sporting 11.17% in the green today, the stock has traded in the green over the last five days, when the JWN stock price touched $18.97 or saw a rise of 2.47%. Year-to-date, Nordstrom, Inc. shares have moved 2.79%, while the 5-day performance has seen it change 6.54%. Over the past 30 days, the shares of Nordstrom, Inc. (NYSE:JWN) have changed -5.65%. Short interest in the company has seen 16.6 million shares shorted with days to cover at 4.38.
Nordstrom, Inc. (JWN) estimates and forecasts
Figures show that Nordstrom, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 30.52% over the past 6 months, with this year growth rate of -12.74%, compared to 1.60% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -228.60% and -22.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.40%.
14 analysts offering their estimates for the company have set an average revenue estimate of $3.21 billion for the current quarter. 14 have an estimated revenue figure of $3.83 billion for the next quarter concluding in Jul 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.39% over the past 5 years. Earnings growth for 2024 is a modest -12.86% while over the next 5 years, the company’s earnings are expected to increase by 6.80%.
JWN Dividends
Nordstrom, Inc. is expected to release its next earnings report between May 29 and June 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.57 at a share yield of 3.01%. The company’s dividend yield has gone up over the past 12 months.
Nordstrom, Inc. (NYSE:JWN)’s Major holders
Insiders own 39.56% of the company shares, while shares held by institutions stand at 54.92% with a share float percentage of 90.86%. Investors are also buoyed by the number of investors in a company, with Nordstrom, Inc. having a total of 453 institutions that hold shares in the company. The top two institutional holders are El Puerto de Liverpool, S.A.B. de C.V. with over 15.76 million shares worth more than $322.5 million. As of Jun 29, 2023, El Puerto de Liverpool, S.A.B. de C.V. held 9.74% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 10.18 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $208.48 million and represent 6.30% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 1.87% shares in the company for having 3.03 million shares of worth $45.28 million while later fund manager owns 2.98 million shares of worth $61.01 million as of Jun 29, 2023, which makes it owner of about 1.84% of company’s outstanding stock.
