Are you interested in buying the Nordstrom Stock or adding it to your existing portfolio? This article provides you with Nordstrom price forecast and predictions from 2022 to 2026 to guide your investment decision.
The article will also show you how to buy the Nordstrom stock and get understanding of whether it is a good buy at the moment.
What is Nordstrom Inc.?
Nordstrom Inc. is a department stores business based in the US. Nordstrom, Inc. is a fashion retailer which provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children.
It deals in a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online store at Nordstrom.com.
Is Nordstrom Stock Publicly Traded?
Yes. Nordstrom stock is publicly traded. In 1971, the company was taken public on NASDAQ. It was relocated to the New York Stock Exchange (NYSE) in 1999 under the ticker symbol ‘JWN’ named after its founder, John W. Nordstrom.
Is Nordstrom Stock a Good Investment?
Nordstrom recently authorized a new $500 million buyback and projected the 2022 fiscal revenue to rise from 6% to 8%.
This is compared with 2021 forecast of 5% to 7% revenue growth showing a significant rise in revenue. Also, the year-round adjusted profit per unit stock is expected to move between $3.38 and $3.68 in 2022 which is higher than $3.15 to $3.50 recorded in 2021.
Total revenue rose from 18.7% to $3.57 billion in the first quarter of 2022, surpassing analysts’ estimates of $3.28 billion.
The JWN reported a loss of 1 cent per share on an adjusted basis compared with predicted loss of 5 cents. The steady upward push of revenue and minimal loss the Nordstrom’s stock looks very good an investment.
Is Nordstrom Stock A Good Buy Now?
Analysts expect adjusted earnings to reach $3.125 per unit stock for the 2022 fiscal year. Nordstrom, Inc. currently has a 3.7% dividend yield which is reasonable enough to attract buying investors.
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Despite the retail market’s promising global growth, the industry was severely impacted by the coronavirus pandemic in 2020. Out of 11 analysts, 5 (45.45%) are recommending JWN as a Strong Buy, 4 (36.36%) are recommending JWN as a Buy, 2 (18.18%) are recommending JWN as a Hold, 0 (0%) are recommending JWN as a Sell, and 0 (0%) are recommending JWN as a Strong Sell.
Is Nordstrom Paying A Dividend?
Yes. JWN had announced on March 16, 2022 that it is restoring a quarterly dividend as incentive to investors.
Nordstrom’s board of directors approved a quarterly dividend of 19 cents per share payable on April 13, 2022 only to investors of record at the close of business on March 28, 2022.
Is Nordstrom Stock Undervalued Or Overvalued?
Valuing Nordstrom stock is tasking because any metric used must take into account the Nordstrom’s overall performance. For this purpose, we use the P/E ratio and P/E-to-Growth ratio as reasonable metrics.
Nordstrom’s current stock price divided by its per-share earnings (EPS) over a 12-month period gives a “trailing price/earnings ratio” of roughly 19x. In other words, Nordstrom stock trade at around 19x recent earnings.
This is lower than the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply they are under-valued.
The Nordstrom’s P/E-to-Growth ratio provides a broader view than just the P/E ratio, as it gives more insight into Nordstrom’s future profitability. A combination of these metrics shows that the Nordstrom stock is currently under-valued.
How to Buy Nordstrom Stock
Nordstrom stock (JWN) is listed on the NYSE and all prices are listed in US Dollars. To buy Nordstrom stock you must follow the step-by-step approach below:
Step 1: Compare Stock trading platforms:
You are required to use comparison table or other techniques that will help you find a trading platform that suits your investment needs. There are a number of platforms called online brokerages through which you can buy the Nordstrom stock.
Nordstrom Stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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Choosing a reliable and efficient trading platform is fundamental to buying a Nordstrom stock. You must find a brokerage that has access to the NADSAQ exchange and the NYSE.
Step 2: Open a Brokerage Account for Yourself
The next step is to open trading account with your chosen broker. The account is your gateway to the stock market. This stage involves completion of some application and providing relevant information to the broker.
It is like opening a regular bank account online. You cannot trade in online stock without opening this account. Opening of brokerage account could take a few hours or a few days depending on the policy of the brokerage firm.
Step 3: Deposit Money to the Account and Confirm Your Payment Details
You need to transfer funds into your brokerage account. You have to deposit a certain minimum amount of money to the said account and wait for confirmation from your broker. Once the deposit is confirmed, then, you are set to commence trading.
Step 4: Research the Stock
You must conduct a painstaking research on the viability of the stock before you make a buying decision. Research helps you to know whether the investment is good or bad. Find out the stock by name or symbol “JWN”.
This will help you find out whether the stock is yielding in the long-term or short-term period. The research will help you know which of the stocks a good buy is at the moment.
Step 5: Purchase Now or Later
You will now type or indicate the amount of stock you wish to buy or the amount of money in dollars to be invested.
Once you indicate this information, there will be two options from which you could choose: Purchase Now or Purchase later. Your decision either to buy now or later is informed by the outcome of your research.
Step 6: Check in On Your Investment
Once you have clicked “Purchase Now” then you have become a shareholder in JWN. It is your responsibility to put your eyes on your investment especially the price movement, company’s performance and other market fundamentals.
Nordstrom Stock Price Forecast 2022 – 2026
As of 2022 May 29, Sunday current price of JWN stock is 26.560$ and statistics shows that the stock price has been in an oscillating spiral for the past 1 year especially after the Covid-19 pandemic.
Nordstrom Stock Price Forecast 2022
| Month | Target price ($) | Min. Price ($) | Max. Price ($) | Vol., % |
| Jun. | 25.78 | 24.89 | 26.67 | 6.67 |
| Jul. | 26.29 | 25.23 | 27.36 | 7.45 |
| Aug. | 27.15 | 26.34 | 28.09 | 6.22 |
| Sep. | 27.35 | 26.05 | 28.37 | 8.17 |
| Oct. | 26.50 | 25.08 | 27.68 | 9.39 |
| Nov. | 27.07 | 26.41 | 28.45 | 7.17 |
| Dec. | 26.66 | 25.66 | 27.98 | 8.30 |
There is a slight decline in price in the months of October and December which shows a stable price movement during the period. The computation was done using the ARIMA model.
Nordstrom Stock Price Forecast 2023
| Month | Target price ($) | Min. Price ($) | Max. Price ($) | Vol., % |
| Jan | 27.78 | 26.83 | 28.73 | 6.60 |
| Feb | 28.03 | 26.68 | 29.40 | 9.25 |
| Mar | 26.65 | 25.43 | 28.24 | 9.95 |
| Apr | 27.10 | 25.09 | 29.10 | 13.78 |
| May | 26.97 | 25.00 | 27.24 | 8.22 |
| Jun | 25.97 | 25.19 | 27.83 | 9.46 |
| Jul | 26.10 | 24.10 | 27.16 | 11.25 |
| Aug | 27.73 | 26.12 | 28.32 | 7.76 |
| Sep | 29.04 | 26.93 | 29.84 | 9.74 |
| Oct | 29.34 | 28.62 | 30.07 | 4.82 |
| Nov | 27.90 | 25.07 | 29.53 | 15.11 |
| Dec | 30.36 | 29.45 | 32.85 | 10.33 |
Using ARIMA model we predict upward movement in price in the first and last quarters of the year. The price movements are on the decline in the months of March, May, June, and November.
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Nordstrom Stock Price Forecast 2024
| Month | Target price ($) | Min. Price ($) | Max. Price ($) | Vol., % |
| Jan | 29.21 | 28.18 | 30.60 | 7.90 |
| Feb | 29.74 | 28.57 | 30.81 | 7.27 |
| Mar | 28.49 | 27.50 | 29.90 | 8.02 |
| Apr | 29.59 | 28.69 | 30.57 | 6.14 |
| May | 28.92 | 27.76 | 30.88 | 10.11 |
| Jun | 29.58 | 27.17 | 30.66 | 11.39 |
| Jul | 30.11 | 29.74 | 31.47 | 5.49 |
| Aug | 30.35 | 28.81 | 33.11 | 12.99 |
| Sep | 30.89 | 29.42 | 31.80 | 7.48 |
| Oct | 31.12 | 30.88 | 32.78 | 5.79 |
| Nov | 29.40 | 27.68 | 31.85 | 13.08 |
| Dec | 30.55 | 29.75 | 31.90 | 6.73 |
The price movement is significant this year but there is sustained increase in price.
Nordstrom Stock Price Forecast 2025
| Month | Target price ($) | Min. Price ($) | Max. Price ($) | Vol., % |
| Jan | 30.52 | 29.96 | 31.08 | 3.60 |
| Feb | 32.04 | 31.71 | 33.46 | 5.23 |
| Mar | 33.09 | 32.38 | 34.45 | 6.00 |
| Apr | 33.17 | 32.45 | 34.49 | 5.91 |
| May | 33.82 | 32.27 | 34.89 | 7.50 |
| Jun | 32.25 | 31.30 | 33.66 | 7.01 |
| Jul | 34.39 | 33.15 | 35.44 | 6.46 |
| Aug | 36.98 | 37.31 | 38.51 | 3.11 |
| Sep | 37.47 | 36.23 | 38.19 | 5.13 |
| Oct | 36.45 | 37.68 | 38.73 | 2.71 |
| Nov | 37.59 | 36.74 | 38.89 | 5.52 |
| Dec | 38.42 | 37.52 | 39.03 | 3.86 |
Using ARIMA model we predict a significant upward movement in price in the through the year with minor declines in June and October.
Nordstrom Stock Price Forecast 2026
| Month | Target price ($) | Min. Price ($) | Max. Price ($) | Vol., % |
| Jan | 38.20 | 37.67 | 39.21 | 3.92 |
| Feb | 38.65 | 37.89 | 39.59 | 4.29 |
| Mar | 39.12 | 38.37 | 40.73 | 5.79 |
| Apr | 39.50 | 38.77 | 40.93 | 5.27 |
| May | 39.23 | 38.62 | 40.70 | 5.11 |
| Jun | 39.81 | 38.88 | 40.94 | 5.03 |
| Jul | 40.58 | 39.29 | 41.72 | 5.82 |
| Aug | 41.22 | 40.36 | 42.48 | 4.99 |
| Sep | 42.37 | 41.62 | 43.50 | 4.32 |
| Oct | 42.87 | 41.20 | 43.15 | 4.51 |
| Nov | 42.33 | 41.55 | 43.23 | 3.88 |
| Dec | 43.34 | 42.28 | 44.40 | 4.77 |
Using ARIMA model we predict a significant upward movement in price in the through the year with minor declines in January, May, and November.
