How does Nordstrom Inc. (JWN) change from a tortoise to a hare?

Nordstrom Inc. (NYSE: JWN) stock fell -0.81% on Friday to $14.73 against a previous-day closing price of $14.85. With 10.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.68 million shares. During the session, the Department Stores company that operates in wider Consumer Cyclical sector, reached to the highest price of $14.88 whereas the lowest price it dropped to was $14.61. The 52-week range on JWN shows that it touched its highest point at $27.15 and its lowest point at $14.01 during that stretch. It currently has a 1-year price target of $18.27. With its current market cap of 2.40 billion, JWN has annualized dividend of $0.76 while the current yield stands at 5.16%. Beta for the stock currently stands at 2.34.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JWN was up-trending over the past week, with a rise of 0.61%, but this was down by -24.50% over a month. Three-month performance dropped to -23.95% while six-month performance fell -14.36%. The stock lost -18.08% in the past year, while it has lost -8.74% so far this year. A look at the trailing 12-month EPS for JWN yields 0.18 with Next year EPS estimates of 2.03. For the next quarter, that number is 0.13. This implies an EPS growth rate of 38.00% for this year and -0.15% for next year. EPS is expected to grow by 11.92% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.80%.

Float and Shares Shorts:

At present, 161.70 million JWN shares are outstanding with a float of 98.38 million shares on hand for trading. On Aug 30, 2023, short shares totaled 17.57 million, which was 10.87% higher than short shares on Jul 30, 2023. In addition to Mr. Erik B. Nordstrom as the firm’s CEO & Director, Mr. Peter E. Nordstrom serves as its Pres, Chief Brand Officer & Director.

Institutional Ownership:

Through their ownership of 64.41% of JWN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.98% of JWN, in contrast to 30.58% held by mutual funds. Shares owned by individuals account for 23.45%. As the largest shareholder in JWN with 6.18% of the stake, The Vanguard Group, Inc. holds 9,984,550 shares worth 9,984,550. A second-largest stockholder of JWN, BlackRock Fund Advisors, holds 9,120,342 shares, controlling over 5.65% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in JWN, holding 8,640,239 shares or 5.35% stake. With a 2.26% stake in JWN, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 3,653,239 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.84% of JWN stock, is the second-largest Mutual Fund holder. It holds 2,972,749 shares valued at 48.22 million. Pacer Fds. Tr. – US Cash Cows 100 holds 1.72% of the stake in JWN, owning 2,780,045 shares worth 45.09 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JWN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JWN analysts setting a high price target of $22.00 and a low target of $11.00, the average target price over the next 12 months is $18.27. Based on these targets, JWN could surge 49.36% to reach the target high and fall by -25.32% to reach the target low. Reaching the average price target will result in a growth of 24.03% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded JWN stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 33,364 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 846,521 while 117,647 shares were sold.

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