NordstromJWN
Market Cap: $3.73B
About: 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.
Employees: 54,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
88% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 34
9% more funds holding
Funds holding: 321 [Q1] → 351 (+30) [Q2]
2% more capital invested
Capital invested by funds: $2.17B [Q1] → $2.21B (+$43.7M) [Q2]
1.69% less ownership
Funds ownership: 65.57% [Q1] → 63.88% (-1.69%) [Q2]
24% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 127
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
56% less call options, than puts
Call options by funds: $83.8M | Put options by funds: $189M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Barclays Paul Kearney 67% 1-year accuracy 4 / 6 met price target | 1%upside $23 | Equal-Weight Upgraded | 5 Sept 2024 |
JP Morgan Matthew Boss 35% 1-year accuracy 19 / 54 met price target | 12%downside $20 | Underweight Maintained | 28 Aug 2024 |
Telsey Advisory Group Dana Telsey 39% 1-year accuracy 66 / 171 met price target | 5%upside $24 | Market Perform Maintained | 28 Aug 2024 |
BMO Capital Simeon Siegel 48% 1-year accuracy 10 / 21 met price target | 4%downside $22 | Market Perform Maintained | 28 Aug 2024 |
Goldman Sachs Brooke Roach 46% 1-year accuracy 16 / 35 met price target | 8%downside $21 | Neutral Maintained | 28 Aug 2024 |
Financial journalist opinion
Based on 48 articles about JWN published over the past 30 days