JWN Stock Summary and Trading Ideas (Nordstrom | NYSE:JWN)

Nordstrom is a fashion retailer that operates about 93 department stores and approximately 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.

Nordstrom trades on the NYSE stock market under the symbol JWN.

As of April 19, 2024, JWN stock price climbed to $18.92 with 3,845,347 million shares trading.

JWN has a beta of 1.88, meaning it tends to be more sensitive to market movements. JWN has a correlation of 0.17 to the broad based SPY ETF.

JWN has a market cap of $3.09 billion. This is considered a Mid Cap stock.

Last quarter Nordstrom reported $4 billion in Revenue and $.96 earnings per share. This fell short of revenue expectation by $-97 million and exceeded earnings estimates by $.08.

In the last 3 years, JWN stock traded as high as $43.80 and as low as $12.88.

The top ETF exchange traded funds that JWN belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

JWN stock has underperformed the market in the last year with a return of +15.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JWN shares. However, JWN has outperformed the market in the last 3 month and 2 week periods, returning +8.0% and +4.0%, while SPY returned +4.3% and -3.5%, respectively. This indicates JWN has been having a stronger performance recently.

JWN support price is $18.11 and resistance is $19.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JWN stock will trade within this expected range on the day.