Reviewing The Case For Nordstrom, Inc. (JWN) Going Higher

Currently, there are 162.40M common shares owned by the public and among those 97.69M shares have been available to trade.

However, the script later moved the day high at 17.86, down -3.32%. The company’s stock has a 5-day price change of 3.07% and 5.64% over the past three months. JWN shares are trading 5.64% year to date (YTD), with the 12-month market performance up to 25.18% higher. It has a 12-month low price of $12.88 and touched a high of $23.53 over the same period. JWN has an average intraday trading volume of 4.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.44%, 1.71%, and 10.55% respectively.

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Institutional ownership of Nordstrom, Inc. (NYSE: JWN) shares accounts for 54.32% of the company’s 162.40M shares outstanding.

It has a market capitalization of $3.18B and a beta (3y monthly) value of 2.62. The stock’s trailing 12-month PE ratio is 24.73, while the earnings-per-share (ttm) stands at $0.79. The company has a PEG of 3.64 and a Quick Ratio of 0.41 with the debt-to-equity ratio at 5.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.06% over the week and 4.92% over the month.

Earnings per share for the fiscal year are expected to decrease by -13.81%, and 5.26% over the next financial year. EPS should grow at an annualized rate of 6.80% over the next five years, compared to -24.38% over the past 5-year period.

Looking at the support for the JWN, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on March 07, 2024, with the firm’s price target at $18-$17. Telsey Advisory Group coverage for the Nordstrom, Inc. (JWN) stock in a research note released on March 06, 2024 offered a Market Perform rating with a price target of $19. Telsey Advisory Group was of a view on November 22, 2023 that the stock is Market Perform, while Evercore ISI gave the stock In-line rating on November 07, 2023, issuing a price target of $14. Telsey Advisory Group on their part issued Market Perform rating on August 25, 2023.

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