Nordstrom
JWN

$22.82

1.11%

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

Consumer Discretionary Family Clothing Stores

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

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

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Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$20

12%

downside

Avg. target

$22

2%

downside

High target

$25

10%

upside

9 analyst ratings

0 positive

0%

7 neutral

78%

2 negative

22%

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

See Analyst Rankings

Financial journalist opinion

Based on 48 articles about JWN published over the past 30 days

Nordstrom: Business Continues To Benefit From The Macro Backdrop

I maintain a buy rating for Nordstrom (JWN) due to the favorable macro backdrop and positive margin outlook, despite the unlikely buyout acceptance. JWN's 2Q24 earnings showed 3.4% y/y growth, with adj EPS of $0.96 beating consensus, and a 160bps gross margin expansion to 36.6%. The buyout offer at $23 per share serves as a valuation floor.

Nordstrom: Business Continues To Benefit From The Macro Backdrop

Zacks Investment Research

Nordstrom Confirms Buyout Proposal Valued at $3.8 billion

JWN's special committee of the board of directors confirms proposal from Erik and Pete Nordstrom, along with Liverpool, to take the company private.

Nordstrom Confirms Buyout Proposal Valued at $3.8 billion

Mexican Retailer Liverpool Steps Up To Help Take Nordstrom Private

Nordstrom just announced it looks favorably on a bid from Mexican retailer El Puerto de Liverpool to help take the company private. The merger proposal is now being evaluated by a special committee made up of independent and disinterested partners to determine if it is in the “best interests of Nordstrom and all shareholders.

Mexican Retailer Liverpool Steps Up To Help Take Nordstrom Private

This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

24/7 Wall Street

Nordstrom's Big Fight

24/7 Wall St. Insights The owners want to take retailer Nordstrom Inc.

Nordstrom's Big Fight

Nordstrom Receives Go-Private Proposal From Nordstrom Family and Mexico's Liverpool

Nordstrom has received a proposal from its CEO Erik Nordstrom, President and Chief Brand Officer Pete Nordstrom, other members of the Nordstrom family and Mexican omnichannel company El Puerto de Liverpoolto acquire all the outstanding shares of the company and take the company private.

Nordstrom Receives Go-Private Proposal From Nordstrom Family and Mexico's Liverpool

Nordstrom's founding family offers to buy the chain for $23 per share

Nordstrom‘s founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a filing showed on Wednesday.

Nordstrom's founding family offers to buy the chain for $23 per share

Nordstrom Family Makes $3.8B Offer To Take Retailer Private

Nordstrom (JWN) Chief Executive Officer (CEO) Erik Nordstrom and other members of the company's founding family have made a bid to take the fashion retailer private for $23 per share, according to n Securities and Exchange Commission (SEC) filing.

Nordstrom Family Makes $3.8B Offer To Take Retailer Private

Bloomberg Markets and Finance

Nordstrom Family Offers to Take Chain Private

Nordstrom Family Bids to Take Chain Private for $3.8 Billion -------- Get more on The Bloomberg Intelligence Podcast On Apple: http://bit.ly/3YrBfOi On Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

Nordstrom Family Offers to Take Chain Private

Proactive Investors

Nordstrom family bids to take retailer private for $3.8B

Nordstrom, Inc. (NYSE:JWN) could be taken private by the family who founded the department store chain for $23 per share or a total valuation of $3.8 billion. The Nordstrom family, which owns approximately 33% of Nordstrom shares, and Mexican retailer El Puerto de Liverpool, which owns about 10%, have proposed to acquire the remaining 57% of shares.

Nordstrom family bids to take retailer private for $3.8B

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