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Sunday, April 2, 2023

Analyst Expects Nordstrom Inc. (NYSE: JWN) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Nordstrom Inc. (JWN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.10%, to $19.65. The Nordstrom Inc. has recorded 18,191 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Nordstrom Reports Fourth Quarter 2022 Earnings, Announces Wind-Down of Canadian Business.

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Stocks Info

As a NYSE listed company, JWN falls under the Consumer Cyclical sector while operating within the Department Stores industry segment. At the end of the last regular session, the stock closed at $19.63 and fluctuated between $20.10 as its day high and $19.63 as its day low. The current market capitalization of Nordstrom Inc. is $3.07B. A total of 6.9 million shares were traded on the day, compared to an average of 6.25M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, JWN has seen 5 BUY and 7 SELL insider trades, representing the acquisition of 26,870 and the disposition of 32,896 shares. Over the last 12 months, there were 24 BUYs and 29 SELLs from insiders. Insiders purchased 227,001 shares during that period but sold 193,624.

In the most recent transaction, Worzel Ken sold 28,645 shares of JWN for 21.00 per share on Feb 02. After the transaction, the Chief Customer Officer now owns 125,026 company shares. In a previous transaction on Feb 01, Worzel Ken sold 1,540 shares at 20.08 per share. JWN shares that Chief Customer Officer owns now total 128,671.

Among the insiders who sold shares, BRAMMAN ANNE L disposed of 13,333 shares on Jun 21 at a per-share price of $24.66. This resulted in the Chief Financial Officer holding 93,471 shares of JWN after the transaction. In another insider transaction, BRAMMAN ANNE L sold 13,333 shares at $24.20 per share on May 26. Company shares held by the Chief Financial Officer now total 106,804.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Nordstrom Inc. pays an annual dividend of $0.76, resulting in a dividend yield of 3.87%, and it has a price to earnings (P/E) ratio of 13.03. JWN’s most recent ex-dividend date was 3/13/2023 when it declared a $0.19 quarterly dividend that was paid in cash on 3/29/2023. Previously, the company paid the dividend on 12/14/2022 with an ex-dividend date of 11/28/2022. The JWN stock dividend was $0.19 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for JWN in the last 3 months, the mean price target is $18.18 with high estimates of $23.00 and low estimates of $12.00. In terms of 52-week highs and lows, JWN has a high of $29.59 and a low of $15.52.

As of this writing, JWN has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.59 per share and a lower estimate of $0.57. The company reported an EPS of $0.81 in the last quarter, which was 1.30% higher than expectations of $0.8.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

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 2.79. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 13 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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