Nordstrom
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 59
1% more funds holding
Funds holding: 352 [Q2] → 354 (+2) [Q3]
3% less capital invested
Capital invested by funds: $2.27B [Q2] → $2.2B (-$63.5M) [Q3]
5.42% less ownership
Funds ownership: 65.47% [Q2] → 60.05% (-5.42%) [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
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
9%
downside
Avg. target
$24
2%
downside
High target
$24
0%
upside
6 analyst ratings
0 positive
0%
5 neutral
83%
1 negative
17%
Barclays Paul Kearney 44% 1-year accuracy 4 / 9 met price target | 0%downside $24 | Equal-Weight Maintained | 16 Jan 2025 |
Evercore ISI Group Michael Binetti 60% 1-year accuracy 28 / 47 met price target | 0%downside $24 | In-Line Maintained | 13 Jan 2025 |
Telsey Advisory Group Dana Telsey 60% 1-year accuracy 114 / 190 met price target | 0%downside $24 | Market Perform Maintained | 13 Jan 2025 |
UBS Jay Sole 67% 1-year accuracy 32 / 48 met price target | 0%downside $24 | Neutral Upgraded | 10 Jan 2025 |
B of A Securities Lorraine Hutchinson 50% 1-year accuracy 16 / 32 met price target | 9%downside $22 | Underperform Maintained | 27 Nov 2024 |
Financial journalist opinion
Based on 37 articles about JWN published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Nordstrom on Track With Expansion Plans, To Open Rack Store in Estero
JWN intends to open a Nordstrom Rack in Estero, FL, in fall of this year. Its store-expansion efforts are on track.
Neutral
GlobeNewsWire
4 days ago
Johnson Fistel Investigates Proposed Sale of Nordstrom: Is $24.25 a Fair Price?
SAN DIEGO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Nordstrom, Inc. (NYSE: JWN) breached their fiduciary duties in connection with the proposed sale of the Company to Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. de C.V.
Neutral
PRNewsWire
4 days ago
NORDSTROM ROLLS OUT NUNA AT THE CORNER
Discover the world of Nuna at Nordstrom NYC with exclusive access to experts and products NEW YORK , Jan. 16, 2025 /PRNewswire/ -- Nordstrom invites customers to celebrate their growing families and the love, joy and special moments of this time in their lives with the launch of Nuna at The Corner, a limited-time pop-up shop offering market-leading service and Nuna's beautifully designed, timeless pieces. The pop-up will also feature the product line-up of impact-tested pet car seats from Tavo Pets.
Positive
Zacks Investment Research
4 days ago
Despite Fast-paced Momentum, Nordstrom (JWN) Is Still a Bargain Stock
Nordstrom (JWN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Neutral
Business Wire
5 days ago
JWN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Nordstrom, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Nordstrom, Inc. (NYSE: JWN) to Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. de C.V. for $24.25 in cash per share is fair to Nordstrom shareholders. Halper Sadeh encourages Nordstrom shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Za.
Positive
Zacks Investment Research
5 days ago
Are Investors Undervaluing Nordstrom (JWN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
PRNewsWire
5 days ago
Nordstrom Rack to Open New Location in Estero, FL
SEATTLE , Jan. 15, 2025 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Estero, Florida in fall 2025. "We look forward to being a part of the Estero community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack.
Positive
Zacks Investment Research
1 week ago
Nordstrom Raises FY24 Revenue Outlook Amid Strong Holiday Season
JWN raises its fiscal 2024 revenue outlook, forecasting 1.5-2.5% growth and improved comparable sales, after stronger-than-expected holiday sales.
Neutral
Benzinga
1 week ago
Nordstrom Balances Strong Holiday Sales And Competition, Analysts Highlight Margin Pressure
Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on Nordstrom Inc JWN with a price target of $24.00.
Positive
CNBC
1 week ago
Nordstrom raises sales outlook after holiday season was better than feared
Nordstrom raised its full-year sales outlook after holiday spending came in better than expected at its website and stores. Yet the department store operator stuck by its profit outlook.
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