Nordstrom, Inc (NYSE:JWN) has a beta value of 2.59 and has seen 1.54 million shares traded in the recent trading session. The company, currently valued at $3.61B, closed the recent trade at $22.00 per share which meant it lost -$2.62 on the day or -10.64% during that session. The JWN stock price is -13.59% off its 52-week high price of $24.99 and 33.41% above the 52-week low of $14.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.11 million shares traded. The 3-month trading volume is 2.30 million shares.
The consensus among analysts is that Nordstrom, Inc (JWN) is Hold stock at the moment, with a recommendation rating of 3.16. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 20 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.9.
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Nordstrom, Inc (NYSE:JWN) trade information
Sporting -10.64% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JWN stock price touched $22.00 or saw a rise of 11.96%. Year-to-date, Nordstrom, Inc shares have moved 19.24%, while the 5-day performance has seen it change -1.12%. Over the past 30 days, the shares of Nordstrom, Inc (NYSE:JWN) have changed -6.94%. Short interest in the company has seen 10.72 million shares shorted with days to cover at 5.87.
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 4.61% over the past 6 months, with this year growth rate of -9.91%, compared to 8.10% for the industry. Revenue growth from the last financial year stood is estimated to be 1.17%.
14 analysts offering their estimates for the company have set an average revenue estimate of 4.22B for the current quarter. 5 have an estimated revenue figure of 3.41B for the next ending quarter. Year-ago sales stood 4.42B and 3.33B respectively for this quarter and the next, and analysts expect sales will shrink by -4.53% for the current quarter and 1.17% for the next.
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 -24.38% over the past 5 years. Earnings growth for 2024 is a modest -7.81% while over the next 5 years, the company’s earnings are expected to decrease by -7.00%.
JWN Dividends
Nordstrom, Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.76 at a share yield of 3.45%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.88%.
Nordstrom, Inc (NYSE:JWN)’s Major holders
Insiders own 43.19% of the company shares, while shares held by institutions stand at 51.58% with a share float percentage of 90.80%. Investors are also buoyed by the number of investors in a company, with Nordstrom, Inc having a total of 468.0 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 $334.32 million. As of 2024-06-30, EL PUERTO DE LIVERPOOL, S.A.B. DE C.V. held 9.6538% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $227.45 million and represent 6.5679% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Jun 30, 2024, the former fund manager holds about 1.89% shares in the company for having 3.1 shares of worth $68.06 million while later fund manager owns 3.01 shares of worth $66.06 million as of Sep 30, 2024, which makes it owner of about 1.83% of company’s outstanding stock.
