Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 358 stores in the U.S. and Canada, including 100 Nordstrom stores; 249 Nordstrom Rack stores; two clearance stores; and seven Nordstrom Local service hubs. Additionally, customers are served online through Nordstrom.com, Nordstrom.ca, Nordstromrack.com, HauteLook.com and TrunkClub.com.

Company profile
Ticker
JWN
Exchange
Website
CEO
Erik Nordstrom
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NORDSTROM BEST INC
SEC CIK
Corporate docs
Subsidiaries
Nordstrom International Limited • Nordstrom Card Services, Inc. • Nordstrom Canada Holdings, LLC ...
IRS number
910515058
JWN stock data
News

11 Analysts Have This to Say About Nordstrom
3 Aug 22
Morgan Stanley Maintains Underweight on Nordstrom, Raises Price Target to $19
3 Aug 22
Why Nordstrom Shares Are Falling After Walmart's Earnings Report
26 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For July 22, 2022
22 Jul 22
Piper Sandler Initiates Coverage On Nordstrom with Overweight Rating, Announces Price Target of $28
22 Jul 22
Press releases
Nordstrom to Report Second Quarter 2022 Financial Results on August 23
9 Aug 22
Nordstrom Rack to Open New Location in Wichita, KS
26 Jul 22
Nordstrom Rack to Open New Location in Chattanooga, TN
26 Jul 22
Nordstrom Names Two New Executive Leaders
20 Jul 22
Thinking about buying stock in Exela Technologies, Grab, Canoo, Plug Power, or Nordstrom?
18 Jul 22
Analyst ratings and price targets
Current price
Average target
$24.22
Low target
$15.00
High target
$32.00
Morgan Stanley
Maintains
$19.00
Piper Sandler
Initiated
$28.00
Keybanc
Initiated
$30.00
B of A Securities
Maintains
$15.00
Cowen & Co.
Maintains
$24.00
Citigroup
Maintains
$22.00
Deutsche Bank
Maintains
$32.00
Credit Suisse
Maintains
$26.00
JP Morgan
Maintains
$22.00
Calendar
3 Jun 22
12 Aug 22
28 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Feb 19 | |
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Diluted EPS |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Aug 22 | Bramman Anne L | Common Stock | Sell | Dispose S | No | Yes | 24.08 | 32,204 | 775.47K | 61,267 |
21 Jun 22 | Bramman Anne L | Common Stock | Sell | Dispose S | No | Yes | 24.66 | 13,333 | 328.79K | 93,471 |
15 Jun 22 | Brown-philpot Stacy | Stock Units Common Stock | Other | Acquire J | No | No | 26.68 | 207.2 | 5.53K | 29,302.21 |
15 Jun 22 | Tilden Bradley D | Stock Units Common Stock | Other | Acquire J | No | No | 26.68 | 100.42 | 2.68K | 14,201.42 |
15 Jun 22 | Worzel Ken | Stock Units Common Stock | Other | Acquire J | No | No | 26.68 | 43.16 | 1.15K | 6,103.19 |
Institutional ownership, Q1 2022
62.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 382 |
Opened positions | 74 |
Closed positions | 47 |
Increased positions | 138 |
Reduced positions | 93 |
13F shares | Current |
---|---|
Total value | 3.15B |
Total shares | 100.41M |
Total puts | 6.45M |
Total calls | 5.22M |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
FMR | 11.89M | $322.31M |
Vanguard | 10.28M | $278.6M |
BLK Blackrock | 10.23M | $277.45M |
Marshall Wace | 5.02M | $136.1M |
STT State Street | 4.55M | $124.25M |
Bruce A Nordstrom | 3.52M | $163.3M |
Two Sigma Investments | 3.17M | $86M |
Renaissance Technologies | 1.99M | $53.91M |
Two Sigma Advisers | 1.8M | $48.89M |
GS Goldman Sachs | 1.72M | $46.63M |
Financial report summary
?Risks
- The COVID-19 global pandemic has had and may continue to have an adverse effect on our business and results of operations.
- If we are unable to successfully execute our customer strategy or evolve our business model, it could negatively impact our business and future profitability and growth.
- Our business could suffer if we do not appropriately assess and react to competitive market forces and changes in customer behavior.
- Our customer relationships and sales may be negatively impacted if we do not anticipate and respond to consumer preferences and fashion trends or manage inventory levels appropriately.
- Any inability to mitigate global labor and merchandise pricing pressures or disruptions may negatively impact our profitability.
- Improvements to our fulfillment, inventory, buying, vendor payment and accounting processes and systems could adversely affect our business if not successfully executed.
- If we do not effectively attract, retain, train and develop talent and future leaders, our business may suffer.
- Our program agreement with TD, or changes to that agreement, could adversely impact our business.
- Even if we take appropriate measures to safeguard our information, network and environment from security breaches, our customers, employees and business could still be exposed to risk.
- Our business may be impacted by information technology system failures or network disruptions.
- Our customer, employee, vendor, third-party partner, landlord and other stakeholder relationships could be negatively affected if we fail to maintain our corporate culture and reputation.
- Our business depends on third parties for the production, supply and delivery of goods, and a disruption could result in lost sales or increased costs.
- Distribution and marketing of, and access to, our products depends on a variety of third-party publishers and platforms. If these third parties limit, prohibit or otherwise interfere with or change the terms of the distribution, use or marketing of our products, it could adversely affect our results of operations.
- The concentration of stock ownership in a small number of our shareholders may limit a shareholder’s ability to influence corporate matters and impact the price of our shares.
- If we fail to appropriately manage our capital, we may negatively impact our operations and shareholder return.
- Owning and leasing real estate exposes us to possible liabilities and losses.
- The investment in existing and new locations may not achieve our expected returns.
- Our revenues and operating results are affected by the seasonal nature of our business and cyclical trends in consumer spending.
- A downturn in economic conditions, currency fluctuations, inflation, increased unemployment and bankruptcy rates, changes in fiscal stimulus and other external market factors has had and could have a significant adverse effect on our business and stock price.
- Our stores located in shopping centers and malls have been and may be affected by consumer traffic at shopping centers and malls.
- The results from our credit card operations could be adversely affected by changes in market conditions or laws.
- Our business and operations could be materially and adversely affected by severe weather patterns, climate change, natural disasters, widespread pandemics, epidemics, civil unrest and other natural or man-made economic, political or environmental disruptions.
- We are subject to certain laws, litigation, regulatory matters and ethical standards, and compliance or failure to comply with or adequately address developments as they arise could adversely affect our reputation and operations.
- Changes to accounting rules and regulations could affect our financial results or financial condition.
Management Discussion
- Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- Nordstrom, Inc. and subsidiaries 23
- We made progress this year on our strategic initiatives and met our 2021 financial targets, giving us line of sight to achieving our Investor Event targets in the near term. We continue to work with urgency to build additional capabilities to better serve customers, expand market share and deliver greater profitability.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Good
|
New words:
advanced, advancing, belief, bringing, built, ca, catalog, cessation, comparison, consecutive, coveted, creation, decided, deciding, declared, deeper, driver, enjoy, extent, favorable, fine, flight, flowthrough, GMV, grew, guaranteed, highest, highly, incremental, intellectual, interruption, journey, June, Los, monitor, month, narrative, number, omitted, omnichannel, outlined, put, raw, redirecting, refreshed, replaced, satisfaction, short, social, sourcing, specific, strongest, stylist, sunset, sunsetting, team, terminated, topline, transaction, transparency, travel, treatment, tuning, unfavorable, unlimited, upcoming, urban, warrant
Removed:
account, Additionally, amendment, announced, BBB, bond, borrowed, closed, Collateral, comparability, conform, criteria, eligible, estimating, excluded, exclusive, extraordinary, fell, grow, guidance, Home, intend, intention, investment, isolation, issuer, labor, launched, Moody, motivate, multiplied, negatively, operate, optimized, overhead, par, percentage, perform, planning, point, political, Poor, portion, present, prevent, pursuant, rated, reclassified, redeemed, regional, Release, removed, reorganization, repaid, requirement, response, restructuring, resultant, resulted, resume, retirement, rule, scaling, selected, separate, servicing, simplifying, stable, Style, substitution, Supplementary, support, suspension, temporarily, threshold, uncertainty, unencumbered, velocity
Financial reports
Current reports
8-K
Nordstrom Reports First Quarter 2022 Earnings
24 May 22
8-K
Nordstrom Board of Directors Approves Quarterly Dividend
20 May 22
8-K
Entry into a Material Definitive Agreement
12 May 22
8-K/A
Departure of Directors or Certain Officers
28 Mar 22
8-K
Nordstrom Appoints Amie Thuener to Board of Directors
18 Mar 22
8-K
Nordstrom Reports Fourth Quarter 2021 Earnings
1 Mar 22
8-K
Departure of Directors or Certain Officers
28 Feb 22
8-K
Amendments to Articles of Incorporation or Bylaws
15 Feb 22
8-K
Nordstrom Reports Third Quarter 2021 Earnings
23 Nov 21
8-K
Nordstrom Reports Second Quarter 2021 Earnings, Raises Fiscal Year Outlook
24 Aug 21
Registration and prospectus
424B3
Prospectus supplement
24 Jun 21
S-4
Registration of securities issued in business combination transactions
4 Jun 21
S-8
Registration of securities for employees
10 Jun 20
S-8
Registration of securities for employees
10 Jun 20
S-8
Registration of securities for employees
10 Jun 20
424B5
Prospectus supplement for primary offering
5 Nov 19
FWP
Free writing prospectus
4 Nov 19
424B5
Prospectus supplement for primary offering
4 Nov 19
S-8 POS
Registration of securities for employees (post-effective amendment)
4 Sep 19
S-8 POS
Registration of securities for employees (post-effective amendment)
4 Sep 19
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 22
DEFA14A
Additional proxy soliciting materials
8 Apr 21
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEFA14A
Additional proxy soliciting materials
12 Apr 19
DEF 14A
Definitive proxy
18 Apr 18
DEFA14A
Additional proxy soliciting materials
18 Apr 18
Other
SD
Conflict minerals disclosure
12 May 22
EFFECT
Notice of effectiveness
25 Jun 21
CORRESP
Correspondence with SEC
21 Jun 21
UPLOAD
Letter from SEC
10 Jun 21
CORRESP
Correspondence with SEC
3 Jun 21
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
Ownership
4
NORDSTROM / ANNE L BRAMMAN ownership change
8 Aug 22
4
NORDSTROM / Michael W Maher ownership change
5 Jul 22
4
NORDSTROM / ANNE L BRAMMAN ownership change
22 Jun 22
4
NORDSTROM / Ken Worzel ownership change
17 Jun 22
4
NORDSTROM / BRADLEY D TILDEN ownership change
17 Jun 22
4
NORDSTROM / STACY BROWN-PHILPOT ownership change
17 Jun 22
4
NORDSTROM / Farrell B. Redwine ownership change
13 Jun 22
4
NORDSTROM / Alexis DePree ownership change
13 Jun 22
11-K
Annual report of employee stock purchases
9 Jun 22
4
NORDSTROM / BRADLEY D TILDEN ownership change
31 May 22
Transcripts
2022 Q1
Earnings call transcript
24 May 22
2021 Q4
Earnings call transcript
2 Mar 22
2021 Q3
Earnings call transcript
24 Nov 21
2021 Q2
Earnings call transcript
25 Aug 21
2021 Q1
Earnings call transcript
26 May 21
2020 Q4
Earnings call transcript
3 Mar 21
2020 Q3
Earnings call transcript
24 Nov 20
2020 Q2
Earnings call transcript
25 Aug 20
2020 Q1
Earnings call transcript
28 May 20
2019 Q4
Earnings call transcript
3 Mar 20
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