Nordstrom (JWN)

• Market cap: $3.98B
• 1 day: -0.12%
• 5 days: -0.04%
• 1 month: 0.37%
• 3 months: 8.72%
• 6 months: 13.49%
• Year to date: 0.70%
• 1 year: 22.03%
• 5 years: -40.01%
• 10 years: -70.02%
• Sector: Consumer Discretionary
• Industry: Family Clothing Stores

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 Q4 regulatory filings by fund managers ($100M+ AUM)

400% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 5 (+4) [Q4]

9% more capital invested

Capital invested by funds: $2.21B [Q3] → $2.41B (+$208M) [Q4]

8% more call options, than puts

Call options by funds: $215M | Put options by funds: $198M

4% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 104

0.5% more ownership

Funds ownership: 60.06% [Q3] → 60.56% (+0.5%) [Q4]

0% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 62

4% less funds holding

Funds holding: 356 [Q3] → 341 (-15) [Q4]

Research analyst outlook

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

• Low target: $22 10% downside
• Avg. target: $24 3% downside
• High target: $24 1% downside

5 analyst ratings

• positive: 0 0%
• neutral: 4 80%
• negative: 1 20%

Barclays Paul Kearney 80% 1-year accuracy 8 / 10 met price target	1% downside $24	Equal-Weight Maintained	16 Jan 2025
Evercore ISI Group Michael Binetti 51% 1-year accuracy 25 / 49 met price target	1% downside $24	In-Line Maintained	13 Jan 2025
Telsey Advisory Group Dana Telsey 49% 1-year accuracy 94 / 190 met price target	1% downside $24	Market Perform Maintained	13 Jan 2025
UBS Jay Sole 47% 1-year accuracy 25 / 53 met price target	1% downside $24	Neutral Upgraded	10 Jan 2025
B of A Securities Lorraine Hutchinson 52% 1-year accuracy 16 / 31 met price target	10% downside $22	Underperform Maintained	27 Nov 2024