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Friday, December 2, 2022

Momentum Is Strong For Nordstrom Inc. (NYSE: JWN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Nordstrom Inc. (JWN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.38, or -2.07%, to $17.99. Volume reached 78,682 shares, with price reaching a high of $17.99 and a low of $17.89. Earlier, Yahoo Finance discussed this stock as it revealed Nordstrom Rack to Open Three New California Stores in Anaheim Hills, Clovis, San Clemente.


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Stocks Info

This NYSE-listed company operates within the Department Stores industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $17.96 and fluctuated between $18.48 as its day high and $17.42 as its day low. The current market capitalization of Nordstrom Inc. is $2.92B. A total of 6.2 million shares were traded on the day, compared to an average of 6.90M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, JWN has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 32,204 shares. Over the last 12 months, there were 25 BUYs and 26 SELLs from insiders. Insiders purchased 487,571 shares during that period but sold 405,437.

In the most recent transaction, BRAMMAN ANNE L sold 13,333 shares of JWN for 24.66 per share on Jun 21. After the transaction, the Chief Financial Officer now owns 93,471 company shares. In a previous transaction on May 26, BRAMMAN ANNE L sold 13,333 shares at 24.20 per share. JWN shares that Chief Financial Officer owns now total 106,804.

Among the insiders who sold shares, BRAMMAN ANNE L disposed of 13,334 shares on Apr 18 at a per-share price of $28.74. This resulted in the Chief Financial Officer holding 120,137 shares of JWN after the transaction. In another insider transaction, NORDSTROM PETER E sold 10,178 shares at $23.83 per share on Mar 11. Company shares held by the Pres. & Chief Brand Officer now total 2,471,488.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Nordstrom Inc. pays an annual dividend of $0.76, resulting in a dividend yield of 4.23%, and it has a price to earnings (P/E) ratio of 7.35. JWN’s most recent ex-dividend date was 08/29/2022 when it declared a $0.19 quarterly dividend that was paid in cash on 09/14/2022. Previously, the company paid the dividend on 06/15/2022 with an ex-dividend date of 05/27/2022. The dividend was $0.19 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for JWN in the last 3 months, the mean price target is $21.35 with high estimates of $30.00 and low estimates of $12.00. In terms of 52-week highs and lows, JWN has a high of $36.43 and a low of $16.83.

As of this writing, JWN has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.06. The company reported an EPS of $0.81 in the last quarter, which was 1.25% higher than expectations of $0.8.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. JWN’s latest balance sheet shows that the firm has $322.00M in Cash & Short Term Investments as of fiscal 2022. There were $4.65B in debt and $3.31B in liabilities at the time. Its Book Value Per Share was $4.13, while its Total Shareholder’s Equity was $581.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JWN is Sell with a score of 2.93. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 12 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 4 thought it should be Sold.

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