10 analysts have expressed a variety of opinions on Nordstrom JWN over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 7 | 3 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 6 | 3 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $17.9, with a high estimate of $21.00 and a low estimate of $15.00. This upward trend is apparent, with the current average reflecting a 9.15% increase from the previous average price target of $16.40.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Nordstrom by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $19.00 | $19.00 |
| Ashley Helgans | Jefferies | Lowers | Hold | $17.00 | $18.00 |
| Brooke Roach | Goldman Sachs | Raises | Neutral | $18.00 | $16.00 |
| Edward Yruma | Piper Sandler | Raises | Neutral | $20.00 | $17.00 |
| Paul Kearney | Barclays | Raises | Underweight | $15.00 | $14.00 |
| Lorraine Hutchinson | B of A Securities | Raises | Underperform | $15.00 | $13.00 |
| Paul Lejuez | Citigroup | Lowers | Neutral | $20.00 | $21.00 |
| Matthew Boss | JP Morgan | Raises | Underweight | $15.00 | $14.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Market Perform | $19.00 | $17.00 |
| Paul Lejuez | Citigroup | Raises | Neutral | $21.00 | $15.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nordstrom. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Nordstrom compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Nordstrom's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
For valuable insights into Nordstrom's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Nordstrom analyst ratings.
About Nordstrom
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.
Understanding the Numbers: Nordstrom's Finances
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Nordstrom's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 2.34%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Nordstrom's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.03% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Nordstrom's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 16.99%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.54%, the company showcases effective utilization of assets.
Debt Management: Nordstrom's debt-to-equity ratio surpasses industry norms, standing at 5.28. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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