Nordstrom, Inc (NYSE: JWN) is 34.96% higher on its value in year-to-date trading and has touched a low of $14.39 and a high of $24.93 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 $23.24 in the last trading session, with the day’s gains setting it 1.66%.
Currently trading at $24.90, the stock is 8.68% and 9.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.06 million and changing 7.14% at the moment leaves the stock 16.90% off its SMA200. JWN registered 65.45% gain for a year compared to 6-month gain of 15.60%. The firm has a 50-day simple moving average (SMA 50) of $22.7696 and a 200-day simple moving average (SMA200) of $21.27205.
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The stock witnessed a 9.55% loss in the last 1 month and extending the period to 3 months gives it a 17.79%, and is 11.66% 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 3.30% over the week and 3.06% over the month.
Nordstrom, Inc (JWN) has around 54000 employees, a market worth around $4.25B and $14.97B in sales. Current P/E ratio is 14.58 and Fwd P/E is 12.49. Profit margin for the company is 1.90%. Distance from 52-week low is 73.04% and -0.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
with sales reaching $3.35B over the same period.The EPS is expected to shrink by -9.19% this year, but quarterly earnings will post 1.00% year-over-year. Quarterly sales are estimated to grow 0.98% in year-over-year returns.
Nordstrom, Inc (JWN) Top Institutional Holders
467.0 institutions hold shares in Nordstrom, Inc (JWN), with institutional investors hold 90.77% of the company’s shares. The shares outstanding are 162.40M, and float is at 94.51M with Short Float at 12.03%. Institutions hold 51.56% 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 $334.32 million. The investor’s holdings represent 9.6538% of the JWN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.72 million shares valued at $227.45 million to account for 6.5679 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.57 million shares representing 5.2537% and valued at over $181.94 million, while STATE STREET CORP holds 4.1687 of the shares totaling 6.8 million with a market value of $144.37 million.
Nordstrom, Inc (JWN) Insider Activity
The most recent transaction is an insider sale by DePree Alexis, the company’s Chief Operating Officer. SEC filings show that DePree Alexis sold 20,000 shares of the company’s common stock on Sep 24 ’24 at a price of $23.20 per share for a total of $0.46 million. Following the sale, the insider now owns 0.17 million shares.
