While Nordstrom, Inc has overperformed by 0.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JWN rose by 46.52%, with highs and lows ranging from $24.99 to $14.80, whereas the simple moving average jumped by 6.35% in the last 200 days.
On November 27, 2024, Telsey Advisory Group Reiterated Nordstrom, Inc (NYSE: JWN) to Market Perform. A report published by KeyBanc Capital Markets on September 26, 2024, Downgraded its rating to ‘Sector Weight’ for JWN. Barclays also Upgraded JWN shares as ‘Equal Weight’, setting a target price of $23 on the company’s shares in a report dated September 05, 2024. Telsey Advisory Group Reiterated the rating as Market Perform on August 28, 2024, but set its price target from $23 to $24. Telsey Advisory Group resumed its ‘Market Perform’ rating for JWN, as published in its report on July 09, 2024. Jefferies’s report from March 07, 2024 suggests a price prediction of $17 for JWN shares, giving the stock a ‘Hold’ rating. Telsey Advisory Group also rated the stock as ‘Market Perform’.
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Analysis of Nordstrom, Inc (JWN)
A return on investment can be expected regardless of JWN’s performance over the next quarter with the dividend set at $0.57 per share. Further, the quarter-over-quarter increase in sales is 4.34%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Nordstrom, Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 30.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.35, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and JWN is recording an average volume of 2.19M. On a monthly basis, the volatility of the stock is set at 3.33%, whereas on a weekly basis, it is put at 5.13%, with a gain of 1.52% over the past seven days.
How Do You Analyze Nordstrom, Inc Shares?
A leading company in the Department Stores sector, Nordstrom, Inc (JWN) is based in the USA. 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 14.48, there is a growth in quarterly earnings of -34.07%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 42.45%. 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 49.98% 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 49.98% at present.
