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JWN Stock Forecast: All the More Reason to Consider Nordstrom, Inc. (JWN) Now

Nordstrom, Inc. (NYSE: JWN) is 9.27% higher on its value in year-to-date trading and has touched a low of $12.88 and a high of $23.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JWN stock was last observed hovering at around $20.27 in the last trading session, with the day’s loss setting it -0.11%.

Currently trading at $20.16, the stock is 7.87% and 5.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing -0.54% at the moment leaves the stock 14.36% off its SMA200. JWN registered 29.07% gain for a year compared to 6-month gain of 39.32%. The firm has a 50-day simple moving average (SMA 50) of $0.49 and a 200-day simple moving average (SMA200) of $6.79.

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The stock witnessed a -3.86% loss in the last 1 month and extending the period to 3 months gives it a 6.89%, and is 5.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.54% over the week and 4.84% over the month.

Nordstrom, Inc. (JWN) has around 54000 employees, a market worth around $3.29B and $14.69B in sales. Current P/E ratio is 25.58 and Fwd P/E is 10.48. Profit margin for the company is 0.91%. Distance from 52-week low is 56.52% and -14.32% from its 52-week high. The company has generated returns on investments over the last 12 months (2.75%).

Nordstrom, Inc. quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $3.2B over the same period.The EPS is expected to shrink by -13.81% this year, but quarterly earnings will post 0.00% year-over-year.

Nordstrom, Inc. (JWN) Top Institutional Holders

450 institutions hold shares in Nordstrom, Inc. (JWN), with institutional investors hold 90.06% of the company’s shares. The shares outstanding are 162.40M, and float is at 97.69M with Short Float at 19.40%. Institutions hold 54.62% of the Float.

The top institutional shareholder in the company is El Puerto de Liverpool, S.A.B. de C.V. with over 15.76 million shares valued at $322.5 million. The investor’s holdings represent 9.74% of the JWN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.18 million shares valued at $208.48 million to account for 6.30% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 10.13 million shares representing 6.27% and valued at over $207.44 million, while State Street Corporation holds 5.34% of the shares totaling 8.64 million with a market value of $176.87 million.

Nordstrom, Inc. (JWN) Insider Activity

The most recent transaction is an insider sale by Lionello Gemma,the company’sPresident, Nordstrom Rack. SEC filings show that Lionello Gemma sold 32,916 shares of the company’s common stock on Oct 05 ’23 at a price of $14.36 per share for a total of $0.47 million. Following the sale, the insider now owns 39973.0 shares.

Nordstrom, Inc. disclosed in a document filed with the SEC on Jun 30 ’23 that Redwine Farrell B. (Chief Human Resources Officer) sold a total of 33,364 shares of the company’s common stock. The trade occurred on Jun 30 ’23 and was made at $20.37 per share for $0.68 million. Following the transaction, the insider now directly holds 26564.0 shares of the JWN stock.

Still, SEC filings show that on Jun 09 ’23, Bariquit Teri (Chief Merchandising Officer) disposed off 25,000 shares at an average price of $19.51 for $0.49 million. The insider now directly holds 56,853 shares of Nordstrom, Inc. (JWN).

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