How to Buy Nordstrom Stock
Nordstrom Inc
Nordstrom is a department store company located in Washington, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker JWN on the NYSE exchange.
Nordstrom stock last closed at $14.13, down 0.84% from the previous day, and has decreased 23.08% in one year. It has underperformed other stocks in the Department Stores industry by 0.25 percentage points. Nordstrom stock is currently +0.93% from its 52-week low of $14.00, and -47.96% from its 52-week high of $27.15.
There are currently 161.68M JWN shares outstanding. The market value of JWN is $2.28B. In the past 24 hours, 3.2M JWN shares were traded.
How to Buy Nordstrom Stock
Wondering how to invest in Nordstrom stock? Here's how.
- Decide where to buy Nordstrom stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Nordstrom stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your payment method and add your details.
- Research Nordstrom stock: The Nordstrom ticker symbol is JWN. Is Nordstrom stock a good investment? Should you buy shares of JWN? How do JWN's underlying business fundamentals look? Do top analysts think Nordstrom is a good buy? Why has JWN's stock price moved recently? (Hint: Our stock research tools can help you evaluate if JWN is a good stock to buy).
- Place your JWN trade: Decide if you will purchase JWN shares at the current market price or use a limit order to purchase JWN shares at a particular price.
- Get updates on your JWN investment: Create a watchlist to key updates about your position in Nordstrom shares.
Step 1: Decide where to buy Nordstrom stock
You need an online brokerage account to access the NYSE market and buy JWN shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal info so you are able to invest in JWN today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Input your personal data to start a new trading account.
- Submit your details by pressing the "Create Account" button.
Step 3: Put funds into your investment account
Now that you've finished signing up on apps for stock market, your next step is to transfer the money for your investment:
Watch the video below for more details transferring funds into your new brokerage account.
Step 4: Research Nordstrom stock
After you have decided on the best place to buy Nordstrom stock, it's very important to evaluate their stock prior to investing, so you actually comprehend the risk and opportunity.
Nordstrom shares quick numbers
Nordstrom Fundamentals
WallStreetZen was created to help average investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on JWN's stock page.
Is JWN stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge JWN's intrinsic value.
Using relative valuations ratios:
- JWN may be overvalued based on its P/E ratio of 74.37x, relative to Department Stores industry P/E ratio of 11.69x
- JWN may be overvalued based on its P/B ratio of 3.39x, relative to Department Stores industry P/B ratio of 1.01x
- JWN may be undervalued based on its PEG ratio of 0.46x
You can access additional valuation analysis on JWN's stock here.
How do JWN Financials look?
Positive Financial Indicators:
- JWN's operating cash flow of $1.04B allows it to safely service it's debt of $4.47B.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the JWN balance sheet.
- Total JWN debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the JWN balance sheet.
- JWN has a relatively high debt to equity ratio of 12.06.
- JWN profit margin has gone down from 2.6% to 0.2% in the past year.
- JWN earnings of $123.00M is not sufficient to cover its interest payments.
Is it a good time to buy JWN stock, according to analysts?
Out of 7 sell side analysts who track JWN, the consensus analyst rating on JWN is a Sell
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest JWN Analyst Recommendations
Kimberly Greenberger, a bottom 2% analyst from Morgan Stanley maintains JWN with a strong sell rating and lowers their JWN price target from $16.00 to $15.00, on Aug 29, 2023.
Paul Lejuez, a top 4% analyst from Citigroup maintains JWN with a hold rating and lowers their JWN price target from $20.00 to $18.00, on Aug 25, 2023.
Jay Sole, a top 8% analyst from UBS maintains JWN with a strong sell rating and lowers their JWN price target from $12.00 to $11.00, on Aug 25, 2023.
Dana Telsey, a bottom 1% analyst from Telsey Advisory Group reiterates JWN with a hold rating and lowers their JWN price target from $21.00 to $19.00, on Aug 25, 2023.
Paul Kearney, a top 35% analyst from Barclays maintains JWN with a strong sell rating and raises their JWN price target from $14.00 to $15.00, on Jun 5, 2023.
You can dig deeper into what analysts are projecting on the Nordstrom stock forecast page.
JWN Technical Indicators
JWN Performance Numbers
Last year, JWN earnings were $31.00M. In the last five year, JWN's earnings have gone up by -42.68% per year. This was slower than the Department Stores industry average of 5.68%.
Last year, JWN revenue was $14.82B. During the last five year, JWN's revenue has grown by -1.47% per year. This was slower than the Department Stores industry average of -0.77%.
Dig into JWN's earnings and revenue performance here.
What are JWN insiders up to?
Over the past 12 months, insiders at JWN have bought more shares than they have sold.
Farrell B. Redwine, Chief Human Resources Officer of JWN, was the latest JWN insider to sell. They sold $679,557.95 worth of JWN shares on Jun 30, 2023.
Dig into more about who owns JWN stock here.
Does JWN stock generate passive income?
Nordstrom pays a dividend of 5.38%, compared to the Department Stores industry's average dividend yield of 6.54%. If you owned $1,000 of JWN stock, you would have received $53.79 in the past 12 months.
Nordstrom dividend payments have not consistently grown over the past decade and have not remained stable.
Get more info about Nordstrom dividend yield and history here.
What others are saying about JWN
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your JWN trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, use a limit order.
Click the Open button and your broker will place the order.
If you need additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your JWN investment
Now that you own some shares in JWN, you'll want to keep up with your new stock purchase.
Start a watchlist to keep tabs on your JWN stock.
JWN Feed
How to Buy Stock in Nordstrom
To reiterate, here are the 6 steps to buy stock in Nordstrom:
- Decide where to buy Nordstrom stock
- Sign up for your brokerage account
- Put funds into your investment account
- Research Nordstrom stock
- Place your JWN trade
- Get updates on your JWN investment
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Nordstrom, create your watchlist below.
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