Nordstrom, Inc. (NYSE: JWN) May Be Attracting Institutional Investments

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Nordstrom Rack to Open New Location in Houston, Texas.

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Stocks Info

Nordstrom, Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Department Stores industry. The current market capitalization of Nordstrom, Inc. is $3.04B. A total of 4.58 million shares were traded on the day, compared to an average of 5.66M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, JWN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 13 SELLs from insiders. Insiders purchased 845,187 shares during that period but sold 147,852.

In the most recent transaction, Lionello Gemma sold 32,916 shares of JWN for 14.36 per share on Oct 05. After the transaction, the President, Nordstrom Rack now owns 39,973 company shares. In a previous transaction on Jun 30, Redwine Farrell B. sold 33,364 shares at 20.37 per share. JWN shares that Chief Human Resources Officer owns now total 26,564.

Among the insiders who sold shares, Bariquit Teri disposed of 25,000 shares on Jun 09 at a per-share price of $19.51. This resulted in the Chief Merchandising Officer holding 56,853 shares of JWN after the transaction. In another insider transaction, Worzel Ken sold 28,645 shares at $21.00 per share on Feb 02. Company shares held by the Chief Customer Officer now total 125,026.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Nordstrom, Inc. pays an annual dividend of $0.67, resulting in a dividend yield of 3.56%, and it has a price to earnings (P/E) ratio of 26.32. JWN’s most recent ex-dividend date was when it declared a $0.19 quarterly dividend that was paid in cash on 12/13/2023. Previously, the company paid the dividend on 12/13/2023 with an ex-dividend date of 11/27/2023. The JWN stock dividend was $0.19 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for JWN in the last 3 months, the mean price target is $15.73 with high estimates of $20.00 and low estimates of $12.00. In terms of 52-week highs and lows, JWN has a high of $27.15 and a low of $12.88.

As of this writing, JWN has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.2 per share and a lower estimate of $0.63. The company reported an EPS of $0.84 in the last quarter, which was 90.90% higher than expectations of $0.44.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $4.49, while its Total Shareholder’s Equity was $581.00M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 2.82.

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