Nordstrom, Inc (NYSE: JWN) is 1.78% higher on its value in year-to-date trading and has touched a low of $19.45 and a high of $24.99 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 $24.57 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $24.58, the stock is 1.60% and 1.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.67 million and changing 0.04% at the moment leaves the stock 5.06% off its SMA200. JWN registered 19.44% gain for a year compared to 6-month gain of 9.15%.
The stock witnessed a 2.25% loss in the last 1 month and extending the period to 3 months gives it a 1.15%, and is 1.32% 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 0.42% over the week and 0.69% over the month.
Nordstrom, Inc (JWN) has around 55000 employees, a market worth around $4.11B and $15.02B in sales. Current P/E ratio is 14.29 and Fwd P/E is 10.83. Profit margin for the company is 1.96%. Distance from 52-week low is 26.38% and -1.64% from its 52-week high. The company has generated returns on investments over the last 12 months (5.68%).
The EPS is expected to grow by 0.08% this year
The shares outstanding are 165.20M, and float is at 94.57M with Short Float at 14.80%.
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 9.6009 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 6.5319 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.57 million shares representing 5.2249 and valued at over $181.94 million, while STATE STREET CORP holds 4.1459 of the shares totaling 6.8 million with a market value of $144.37 million.
Nordstrom, Inc (JWN) Insider Activity
Nordstrom, Inc disclosed in a document filed with the SEC on Sep 24 ’24 that DePree Alexis (Chief Operating Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Sep 24 ’24 and was made at $23.20 per share for $0.46 million. Following the transaction, the insider now directly holds 0.17 million shares of the JWN stock.
Still, SEC filings show that on Sep 24 ’24, DePree Alexis (Officer) Proposed Sale 20,000 shares at an average price of $23.20 for $0.46 million. The insider now directly holds shares of Nordstrom, Inc (JWN).
