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JWN Nordstrom

Nordstrom, Inc. is an American luxury department store chain. Founded in 1901 by John W. Nordstrom and Carl F. Wallin, it originated as a shoe store and evolved into a full-line retailer with departments for clothing, footwear, handbags, jewelry, accessories, cosmetics, and fragrances. Some stores feature home furnishings and wedding departments, and several have in-house cafes, restaurants, and espresso bars. As of 2020, Nordstrom operates 100 stores in 40 U.S. states, and three Canadian provinces since entering the market in 2014. The company opened a store in Puerto Rico in 2015, and exited the market during the COVID-19 pandemic in 2020. The corporate headquarters and flagship store are located in the former Frederick & Nelson building in Seattle, Washington; a second flagship store is located near Columbus Circle in New York City. Its subsidiaries include the off-price department store chain Nordstrom Rack and the members-only online store HauteLook.

Company profile

Ticker
JWN
Exchange
CEO
Erik Nordstrom
Employees
Incorporated
Location
Fiscal year end
Former names
NORDSTROM BEST INC
SEC CIK
IRS number
910515058

JWN stock data

(
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Calendar

15 Mar 21
18 Apr 21
30 Jan 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Nordstrom earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 681M 681M 681M 681M 681M 681M
Cash burn (monthly) 69.33M 14.33M (positive/no burn) (positive/no burn) (positive/no burn) 29M
Cash used (since last report) 182.85M 37.8M n/a n/a n/a 76.48M
Cash remaining 498.15M 643.2M n/a n/a n/a 604.52M
Runway (months of cash) 7.2 44.9 n/a n/a n/a 20.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Mar 21 Worzel Ken Common Stock Sell Dispose S No Yes 41.1962 13,762 566.94K 144,777.99
10 Mar 21 Bariquit Teri Common Stock Payment of exercise Dispose F No No 0 2,377 0 69,050
10 Mar 21 Bramman Anne L Common Stock Payment of exercise Dispose F No No 0 8,052 0 150,016
10 Mar 21 Alexis DePree Common Stock Payment of exercise Dispose F No No 0 9,173 0 126,431
10 Mar 21 Deputy Christine Common Stock Payment of exercise Dispose F No No 0 5,714 0 67,789

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

60.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 381 351 +8.5%
Opened positions 93 43 +116.3%
Closed positions 63 88 -28.4%
Increased positions 79 105 -24.8%
Reduced positions 145 125 +16.0%
13F shares
Current Prev Q Change
Total value 3.01B 10.22B -70.5%
Total shares 94.88M 99.71M -4.8%
Total puts 8.94M 5.66M +58.0%
Total calls 12.81M 6.55M +95.4%
Total put/call ratio 0.7 0.9 -19.1%
Largest owners
Shares Value Change
FMR 13.66M $426.23M +350.9%
BLK Blackrock 10.4M $324.65M -24.7%
Vanguard 9.67M $301.67M -1.2%
STT State Street 4.16M $129.76M +7.5%
TROW T. Rowe Price 3.22M $100.47M -15.3%
JPM JPMorgan Chase & Co. 3.05M $95.07M -42.1%
GS Goldman Sachs 2.57M $80.19M -13.0%
Susquehanna International 2.19M $68.25M +59.8%
BK Bank Of New York Mellon 2.18M $67.94M -17.1%
Disciplined Growth Investors 1.62M $50.6M -3.4%
Largest transactions
Shares Bought/sold Change
FMR 13.66M +10.63M +350.9%
BLK Blackrock 10.4M -3.4M -24.7%
Wishbone Management 840K -2.76M -76.7%
JPM JPMorgan Chase & Co. 3.05M -2.22M -42.1%
ANTIPODES PARTNERS 0 -2.13M EXIT
Steadfast Capital Management 0 -2.1M EXIT
Dimensional Fund Advisors 0 -1.62M EXIT
Arrowstreet Capital, Limited Partnership 0 -1.49M EXIT
WDR Waddell & Reed Financial 1.61M -1.43M -47.1%
Candlestick Capital Management 1.4M +1.4M NEW

Financial report summary

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Competition
Neiman MarcusBuckle
Risks
  • 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 has been and may be negatively impacted if we do not anticipate and respond to consumer preferences and fashion trends or manage inventory levels appropriately.
  • 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 design and implement our strategic and business planning processes to 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 use or 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 or 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 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 adversely affected by declines in 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 our 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.
  • Looking back at 2020, we took aggressive actions as we navigated through the pandemic to increase our financial flexibility and accelerate our strategic initiatives to better serve customers. As shifts in customer expectations and behavior accelerated, our multi-year investments and strong financial position enabled our transformation into a digital-first business.
  • For the year, net loss was $690, or $4.39 per diluted share. Generating more than $425 in operating cash flow over the past three quarters, we ended the year with $1,481 in liquidity, including $681 in cash.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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