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What Is The Deal With Nordstrom Inc. (NYSE: JWN) Stock?

Nordstrom Inc. (NYSE:JWN) traded at $21.98 at last check on Tuesday, November 22, made an upward move of 3.34% on its previous day’s price.

Looking at the stock we see that its previous close was $21.27 and the beta (5Y monthly) reads 2.16 with the day’s price range being $21.06 – $21.585. The company has a trailing 12-month PE ratio of 8.70. In terms of its 52-week price range, JWN has a high of $33.55 and a low of $16.14. The company’s stock has gained about 5.77% over that past 30 days.

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Nordstrom Inc. has a market cap of $3.33 billion and is expected to release its quarterly earnings report on Nov 21, 2022 – Nov 25, 2022. With its Forward Dividend at 0.76 and a yield of 3.57%, the company’s investors could be anxious for the JWN stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.14, with the EPS growth for the year raised at $2.34 for 2023 and $2.59 for next year. These figures represent 56.00% and 10.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.46 billion, with a low of $3.4 billion and a high of $3.54 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $15.58 billion, or 5.30% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the JWN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 22 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the Nordstrom Inc. (JWN) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 2 of them rated it as underweight, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the JWN stock currently stands at 0.33, and the most recent price level today is 7.84% off its SMA20 and 13.55% from its 50-day simple moving average. The RSI (14) is pointing at 59.68 while the volatility over the past week is 5.23% and jumps to 4.87% over the past one month. The beta value is 2.17, while the average true range (ATR) is currently pointing at 1.12. The average price target for the stock over the next 12 months is $20.94, with the estimates having a low of $12.00 and a high of $30.00. These price ends are 45.4% and -36.49% off the today’s price level respectively, although investors could be excited at the prospect of a 4.46% if the JWN share price touches on the median price of $21.00.

Let’s briefly compare Nordstrom Inc. (JWN) stock to its peers. We find that today’s price change of 3.34% and -35.03% over the past 12 months for JWN competes that of Amazon.com Inc. (AMZN), which has seen its stock price rise 0.45% in the latest trading session and is -49.70% over the last one year. Another of its peers Walmart Inc. (WMT) has gained 0.49% today, and was 6.15% up over the past year, while Target Corporation (TGT) is also up 0.01% yet, while its price remains in the red at -36.97% over the same period. Nordstrom Inc. has a P/E ratio of 8.70 compared to Amazon.com Inc.’s 85.30 and Walmart Inc.’s 46.71. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.

Coming back to Nordstrom Inc. (NYSE:JWN), we note that the average 3-month trading volume was 6.75 million, while that of the preceding 10-day period stands at 4.9 million. Current shares outstanding are 160.60 million.

The insiders hold 0.50% of the company’s shares while institutions hold 59.20%. The data shows that short shares as of Oct 13, 2022, stood at 22.2 million at a short ratio of 3.87. This represents a 13.95% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 23.33 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -5.97% down in year-to-date price movement.

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