Stocks of Nordstrom, Inc. (NYSE:JWN) traded higher last session on Wall Street, down -0.79% to $22.60.
JWN stock price is now 2.71% away from the 50-day moving average and 14.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.70B.
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With the price target enhanced from $18 to $23, Barclays Upgraded its rating from Underweight to Equal Weight for Nordstrom, Inc. (NYSE: JWN). On August 28, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $23 to quote $24, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Lionello Gemma, President, Nordstrom Rack sold 32,916 shares of the company’s stock on Oct 05 ’23. The stock was sold for $472,819 at an average price of $14.36. Upon completion of the transaction, the President, Nordstrom Rack now directly owns 39,973 shares in the company, valued at $0.9 million. A total of 33.37% of the company’s stock is owned by insiders.
During the past 12 months, Nordstrom, Inc. has had a low of $12.88 and a high of $24.03. As of last week, the company has a debt-to-equity ratio of 4.46, a current ratio of 1.07, and a quick ratio of 0.41. The fifty day moving average price for JWN is $22.0036 and a two-hundred day moving average price translates $19.77705 for the stock.
The latest earnings results from Nordstrom, Inc. (NYSE: JWN) was released for 2024-08-03. The net profit margin was 1.90% and return on equity was 35.02% for JWN. The company reported revenue of $3.33 billion for the quarter, compared to $3.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.84 percent.
