Nordstrom (JWN)

• Market cap: $4.05B
• 1 day: 1.95%
• 5 days: 5.92%
• 1 month: 10.25%
• 3 months: 6.56%
• 6 months: 15.71%
• Year to date: 34.12%
• 1 year: 36.13%
• 5 years: -39.67%
• 10 years: -68.36%
• Sector: Consumer Discretionary
• Industry: Family Clothing Stores

About: Nordstrom is a fashion retailer that operates about 93 department stores and 280 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and six 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 Q3 regulatory filings by fund managers ($100M+ AUM)

3% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 61

1% more funds holding

Funds holding: 352 [Q2] → 354 (+2) [Q3]

3% less capital invested

Capital invested by funds: $2.26B [Q2] → $2.2B (-$65.9M) [Q3]

5.48% less ownership

Funds ownership: 65.28% [Q2] → 59.81% (-5.48%) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 117

54% less call options, than puts

Call options by funds: $84.3M | Put options by funds: $182M

67% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]

Research analyst outlook

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

• Low target: $14.50 41% downside
• Avg. target: $22 12% downside
• High target: $26 6% upside

5 analyst ratings

• positive: 0 0%
• neutral: 3 60%
• negative: 2 40%

UBS Jay Sole 69% 1-year accuracy 31 / 45 met price target	41% downside $14.50	Sell Maintained	27 Nov 2024
Evercore ISI Group Michael Binetti 66% 1-year accuracy 31 / 47 met price target	10% downside $22	In-Line Maintained	27 Nov 2024
B of A Securities Lorraine Hutchinson 53% 1-year accuracy 17 / 32 met price target	10% downside $22	Underperform Maintained	27 Nov 2024
Telsey Advisory Group Dana Telsey 67% 1-year accuracy 126 / 189 met price target	6% upside $26	Market Perform Maintained	27 Nov 2024
Citigroup Paul Lejuez 81% 1-year accuracy 26 / 32 met price target	6% downside $23	Neutral Maintained	19 Nov 2024