Nordstrom, Inc. (NYSE:JWN) shares, rose in value, with the stock price up by 2.53% to the previous day’s close as strong demand from buyers drove the stock to $18.66.
Actively observing the price movement in the last trading, the stock closed the session at $18.20. The value of beta (5-year monthly) was 2.60 whereas the PE ratio was 23.67 over 12-month period. Referring to stock’s 52-week performance, its high was $23.53, and the low was $12.88. On the whole, JWN has fluctuated by 6.39% over the past month.
With the market capitalization of Nordstrom, Inc. currently standing at about $3.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 29, 2024 – Jun 03, 2024. The company’s Forward Dividend Ratio is 0.76, with its dividend yield at 4.07%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.09, which is expected to increase to $0.76 for fiscal year $1.79 and then to about $1.99 by fiscal year 2026. Data indicates that the EPS growth is expected to be -15.60% in 2026, while the next year’s EPS growth is forecast to be 11.20%.
Analysts have estimated the company’s revenue for the quarter at $3.2 billion, with a low estimate of $3.07 billion and a high estimate of $3.28 billion.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JWN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.48, with the price of JWN currently trading nearly 0.61% and -2.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.52, while the 7-day volatility ratio is showing 4.06% which for the 30-day chart, stands at 4.62%. Furthermore, Nordstrom, Inc. (JWN)’s beta value is 2.63, and its average true range (ATR) is 0.88.
A comparison of Nordstrom, Inc. (JWN) with its peers suggests the former has fared considerably weaker in the market. JWN showed an intraday change of 2.53% in last session, and over the past year, it grew by 14.55%%.
Data on historical trading for Nordstrom, Inc. (NYSE:JWN) indicates that the trading volumes over the past 10 days have averaged 3.78 million and over the past 3 months, they’ve averaged 4.62 million. According to company’s latest data on outstanding shares, there are 162.40 million shares outstanding.
Nearly 40.17% of Nordstrom, Inc.’s shares belong to company insiders and institutional investors own 54.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.95 million shares as on Mar 15, 2024, resulting in a short ratio of 3.81. According to the data, the short interest in Nordstrom, Inc. (JWN) stood at 11.61% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 17.43 million. The stock has risen by 1.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JWN stock heading into the next quarter.
