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Nordstrom (JWN)

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
CEO
Erik Nordstrom
Employees
Incorporated
Location
Fiscal year end
Former names
NORDSTROM BEST INC
SEC CIK
Subsidiaries
Nordstrom International Limited • Nordstrom Card Services, Inc. • Nordstrom Canada Holdings, LLC ...
IRS number
910515058

JWN stock data

Calendar

3 Jun 22
12 Aug 22
28 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
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
62.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 382 355 +7.6%
Opened positions 74 72 +2.8%
Closed positions 47 73 -35.6%
Increased positions 138 107 +29.0%
Reduced positions 93 109 -14.7%
13F shares Current Prev Q Change
Total value 3.15B 2.3B +37.0%
Total shares 100.41M 94.81M +5.9%
Total puts 6.45M 5.77M +11.9%
Total calls 5.22M 6.1M -14.3%
Total put/call ratio 1.2 0.9 +30.6%
Largest owners Shares Value Change
FMR 11.89M $322.31M -14.6%
Vanguard 10.28M $278.6M +1.6%
BLK Blackrock 10.23M $277.45M -11.1%
Marshall Wace 5.02M $136.1M +143.2%
STT State Street 4.55M $124.25M +5.5%
Bruce A Nordstrom 3.52M $163.3M 0.0%
Two Sigma Investments 3.17M $86M +286.3%
Renaissance Technologies 1.99M $53.91M +240.8%
Two Sigma Advisers 1.8M $48.89M +148.9%
GS Goldman Sachs 1.72M $46.63M -5.2%
Largest transactions Shares Bought/sold Change
Marshall Wace 5.02M +2.96M +143.2%
Two Sigma Investments 3.17M +2.35M +286.3%
FMR 11.89M -2.03M -14.6%
MS Morgan Stanley 1.01M -1.52M -60.1%
Renaissance Technologies 1.99M +1.41M +240.8%
BLK Blackrock 10.23M -1.28M -11.1%
Susquehanna International 973.4K -1.14M -54.0%
Two Sigma Advisers 1.8M +1.08M +148.9%
Norges Bank 0 -937.8K EXIT
Citadel Advisors 1.4M +574.26K +69.3%

Financial report summary

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Competition
Neiman MarcusBuckle
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

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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. freshman Good
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