While Nordstrom, Inc. has underperformed by -0.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JWN rose by 20.52%, with highs and lows ranging from $23.53 to $12.88, whereas the simple moving average jumped by 9.94% in the last 200 days.
On March 07, 2024, Jefferies Downgraded Nordstrom, Inc. (NYSE: JWN) to Hold. A report published by Telsey Advisory Group on March 06, 2024, Reiterated its previous ‘Market Perform’ rating for JWN. Telsey Advisory Group also reiterated JWN shares as ‘Market Perform’, quoting a target price of $17 on the company’s shares in a report dated November 22, 2023. Evercore ISI Initiated an In-line rating on November 07, 2023, and assigned a price target of $14. Telsey Advisory Group resumed its ‘Market Perform’ rating for JWN, as published in its report on August 25, 2023. Argus’s report from March 08, 2023 suggests a price prediction of $23 for JWN shares, giving the stock a ‘Buy’ rating. Gordon Haskett also rated the stock as ‘Hold’.
Analysis of Nordstrom, Inc. (JWN)
The current dividend for JWN investors is set at $0.76 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 2.34%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Nordstrom, Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 16.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.41, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and JWN is recording an average volume of 4.54M. On a monthly basis, the volatility of the stock is set at 4.68%, whereas on a weekly basis, it is put at 4.26%, with a loss of -0.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.89, showing decline from the present price of $19.38, which can serve as yet another indication of whether JWN is worth investing in or should be passed over.
How Do You Analyze Nordstrom, Inc. Shares?
Nordstrom, Inc. (JWN) is based in the USA and is one of the most prominent companies operating in the Department Stores market. When comparing Nordstrom, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 24.59, there is a growth in quarterly earnings of 10.55%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 40.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 54.19% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
JWN shares are owned by institutional investors to the tune of 54.19% at present.
