Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nordstrom Inc before investing.

In this article, we go over a few key elements for understanding Nordstrom Inc’s stock price such as:

• Nordstrom Inc’s current stock price and volume
• Why Nordstrom Inc’s stock price changed recently
• Upgrades and downgrades for JWN from analysts
• JWN’s stock price momentum as measured by its relative strength

About Nordstrom Inc (JWN)

Before we jump into Nordstrom Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Nordstrom, Inc. is a fashion retailer that offers private-label merchandise for women, men, young adults, and children, with a focus on apparel, shoes, beauty, accessories and home goods. The Company’s Retail segment aggregates two operating segments: Nordstrom and Nordstrom Rack. The Nordstrom segment consists of Nordstrom.com, Nordstrom United States stores and Nordstrom Local. The Nordstrom Rack segment consists of NordstromRack.com, Nordstrom Rack United States stores and last chance clearance stores. Nordstrom Rack purchases merchandise from many of the same vendors carried at Nordstrom and also serves as an outlet for clearance merchandise from the Nordstrom banner. In addition, its existing fleet of Nordstrom and Nordstrom Rack stores enables pickup and returns of online orders and facilitates a broader assortment to its digital customers. The Company also has arrangements with agents and contract manufacturers to produce its private-brand merchandise.

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Nordstrom Inc’s Stock Price as of Market Close

As of August 15, 2024, 4:00 PM, CST, Nordstrom Inc’s stock price was $22.49.

Nordstrom Inc is up 4.51% from its previous closing price of $21.52.

During the last market session, Nordstrom Inc’s stock traded between $21.31 and $21.71. Currently, there are 163.20 million shares of Nordstrom Inc stock available for purchase.

Nordstrom Inc’s price-earnings (P/E) ratio is currently at 11.9, which is low compared to the Retailers - Department Stores industry median of 13.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Nordstrom Inc Stock Price History

Nordstrom Inc’s (JWN) price is currently down 1.49% so far this month.

During the month of August, Nordstrom Inc’s stock price has reached a high of $23.16 and a low of $19.45.

Over the last year, Nordstrom Inc has hit prices as high as $24.03 and as low as $12.88. Year to date, Nordstrom Inc’s stock is up 39.34%.

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What Caused Nordstrom Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 14, 2024, there was 1 analyst who downgraded Nordstrom Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Nordstrom Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nordstrom Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nordstrom Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nordstrom Inc (JWN) by visiting AAII Stock Evaluator.

Relative Price Strength of Nordstrom Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 14, 2024, Nordstrom Inc has a weighted four-quarter relative price strength of -0.59%, which translates to a Momentum Score of 67 and is considered to be Strong.

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Nordstrom Inc Stock Price: Bottom Line

As of August 15, 2024, Nordstrom Inc’s stock price is $22.49, which is up 4.51% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nordstrom Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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