Nordstrom Inc Stock Research

Market Summary

USD15.55-0.57

Market Closed

-3.54%

JWN Stock Price

JWN RSI Chart

JWN Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

7.62

Price/Sales (Trailing)

0.16

EV/EBITDA

3.52

Price/Free Cashflow

3.72

JWN Price/Sales (Trailing)

JWN Profitability

EBT Margin

-0.74%

Return on Equity

53.8%

Return on Assets

3.47%

Free Cashflow Yield

26.9%

JWN Fundamentals

JWN Revenue

Revenue (TTM)

15.7B

Revenue Y/Y

-2.5%

Revenue Q/Q

-13.41%

JWN Earnings

Earnings (TTM)

326.0M

Earnings Y/Y

-131.25%

Earnings Q/Q

-115.87%

Price Action

52 Week Range

15.5329.36

(Low)(High)

Last 7 days

-9.6%

Last 30 days

-22.2%

Last 90 days

-9.1%

Trailing 12 Months

-39.7%

JWN Financial Health

Current Ratio

0.99

Debt/Equity

4.71

Debt/Cashflow

0.23

JWN Investor Care

Dividend Yield

3.67%

Dividend/Share (TTM)

0.57

Shares Dilution (1Y)

0.25%

Diluted EPS (TTM)

2.01

Peers (Alternatives to Nordstrom)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TJX	86.8B	49.3B	-4.78%	27.97%	25.52	1.76	7.96%	27.42%
TGT	72.4B	109.1B	-5.44%	-25.78%	26.03	0.66	2.94%	-59.98%
DG	46.0B	36.3B	-9.64%	-7.15%	19.53	1.27	6.80%	-3.69%
DLTR	30.3B	27.7B	-6.59%	-11.85%	18.71	1.09	6.47%	17.50%
MID-CAP
M	5.7B	24.8B	-17.05%	-32.38%	3.69	0.23	10.06%	66.71%
OLLI	3.6B	1.7B	-1.96%	40.23%	37.75	2.09	-3.66%	-46.77%
KSS	3.6B	18.6B	-25.81%	-63.84%	5.09	0.19	-2.61%	-43.69%
GPS	3.3B	15.6B	-31.83%	-33.54%	-16.18	0.21	-6.32%	-178.91%
JWN	2.5B	15.7B	-22.17%	-39.74%	7.62	0.16	12.53%	2863.64%
AEO	2.5B	5.0B	-12.51%	-26.15%	19.84	0.5	-0.42%	-70.18%
SMALL-CAP
BKE	1.7B	1.3B	-14.99%	-1.97%	6.91	1.31	7.45%	6.00%
PLCE	469.5M	1.8B	-8.49%	-23.01%	5.31	0.27	-6.40%	-43.31%
DXLG	326.2M	543.7M	-9.47%	5.20%	3.6	0.6	13.21%	117.39%
BIG	297.3M	5.7B	-35.04%	-71.89%	-2	0.05	-8.11%	-165.69%
LE	280.5M	1.6B	5.59%	-52.14%	-132.19	0.18	-2.37%	-104.59%

Financials for Nordstrom

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.6%	15,696	15,787	15,349	14,789	13,948
S&GA Expenses	0.6%	5,210	5,177	5,044	4,953	4,715
EBITDA	-70.1%	622	2,078	-	-	-
EBITDA Margin	-73.4%	0.04*	0.15*	-	-	-
Earnings Before Taxes	-131.9%	-116	364	-	-	-
EBT Margin	-108.7%	-0.01*	0.08*	-	-	-
Interest Expenses	-2.9%	134	138	144	246	261
Net Income	-20.5%	326	410	364	178	11.00
Net Income Margin	-20.0%	0.02*	0.03*	0.02*	-	-
Free Cahsflow	25.3%	668	533	1,256	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.5%	9,395	9,162	9,174	8,869	9,534
Current Assets	5.7%	3,807	3,601	3,539	3,172	3,777
Cash Equivalents	-40.7%	293	494	484	322	267
Inventory	20.0%	2,878	2,399	2,426	2,289	2,863
Net PPE	-2.0%	3,373	3,443	3,505	3,562	3,558
Goodwill	0%	249	249	249	249	249
Current Liabilities	8.0%	3,839	3,556	3,587	3,314	4,089
Long Term Debt	0.0%	2,853	2,854	2,853	2,851	-
LT Debt, Non Current	0.1%	2,855	2,853	2,851	-	-
Shareholder's Equity	-8.6%	606	663	589	581	359
Retained Earnings	-2.6%	-2,669	-2,601	-2,662	-2,652	-2,852
Accumulated Depreciation	2.4%	8,135	7,943	7,834	7,737	7,617
Shares Outstanding	-0.1%	160	160	161	159	159

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	25.3%	668	533	1,256	705	365
Share Based Compensation	-8.3%	66.00	72.00	75.00	79.00	80.00
Cashflow From Investing	9.0%	-386	-424	-422	-521	-434
Cashflow From Financing	-149.5%	-252	-101	-725	-544	-558
Dividend Payments	50.0%	90.00	60.00	30.00	0.00	0.00
Buy Backs	Infinity%	36.00	0.00	0.00	0.00	-

Risks for JWN

What is the probability of a big loss on JWN?

93.8%

Probability that Nordstrom stock will be more than 20% underwater in next one year

85.8%

Probability that Nordstrom stock will be more than 30% underwater in next one year.

68.5%

Probability that Nordstrom stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does JWN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Nordstrom was unfortunately bought at previous high price.

Drawdowns

Returns for JWN

Cumulative Returns on JWN

-9.1%

10-Year Cumulative Returns

-14.8%

7-Year Cumulative Returns

-18.2%

5-Year Cumulative Returns

0.4%

3-Year Cumulative Returns

What are the long-term rolling returns for JWN?

FIve years rolling returns for Nordstrom.

Annualized Returns

Which funds bought or sold JWN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-19.49	-1,243,540	4,326,460	-%
2023-03-06	Rockefeller Capital Management L.P.	added	1.94	-1,000	68,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-0.94	-50,896	1,103,100	-%
2023-02-27	Parallax Volatility Advisers, L.P.	added	19.28	727,324	5,556,320	0.01%
2023-02-24	Garde Capital, Inc.	added	123	231,000	430,000	0.05%
2023-02-24	NATIXIS	added	132	9,032,390	16,641,400	0.09%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	-11,000	289,000	-%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-36.5	-105,613	166,387	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-12.95	-124,000	458,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-9.47	-10,909	78,091	-%

Latest Funds Activity

Are funds buying JWN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own JWN

No. of Funds

Nordstrom News

Schedule 13G FIlings of Nordstrom

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	gittinger anne e	9.6%	15,404,437	SC 13G/A
Feb 10, 2023	nordstrom bruce a	15.8%	25,241,423	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	5.88%	9,420,303	SC 13G/A
Feb 01, 2023	blackrock inc.	6.2%	9,974,728	SC 13G/A
Sep 15, 2022	el puerto de liverpool, s.a.b. de c.v.	9.9%	15,755,000	SC 13G
Feb 11, 2022	gittinger anne e	9.7%	15,404,192	SC 13G/A
Feb 11, 2022	nordstrom bruce a	15.8%	25,241,423	SC 13G/A
Feb 10, 2022	vanguard group inc	6.35%	10,116,234	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A

JWN Fair Value

Nordstrom fair value in different scenarios

The table shows the Fair Value estimates for Nordstrom for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	26.80 72.35%	37.12 138.71%	42.90 175.88%	64.06 311.96%	73.54 372.93%
Current Inflation	25.53 64.18%	34.42 121.35%	39.41 153.44%	57.51 269.84%	65.59 321.80%
Very High Inflation	23.88 53.57%	31.06 99.74%	35.13 125.92%	49.69 219.55%	56.18 261.29%

Historical Nordstrom Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Nordstrom

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 22, 2023	4/A	Insider Trading
Mar 13, 2023	4	Insider Trading

Latest Insider Trading transactions for JWN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	Steines Ann Munson	sold (taxes)	-33,835	18.24	-1,855	clo, gc & corp. secretary
2023-03-10	Maher Michael W	sold (taxes)	-50,324	18.24	-2,759	cao and interim cfo
2023-03-10	Bariquit Teri	sold (taxes)	-32,704	18.24	-1,793	chief merchandising officer
2023-03-10	DePree Alexis	sold (taxes)	-172,860	18.24	-9,477	chief supply chain officer
2023-03-10	Redwine Farrell B.	sold (taxes)	-29,785	18.24	-1,633	chief human resources officer
2023-03-10	Worzel Ken	sold (taxes)	-104,898	18.24	-5,751	chief customer officer
2023-03-10	Nordstrom James F JR	sold (taxes)	-53,844	18.24	-2,952	chief stores officer
2023-03-06	Tysen Atticus Nathaniel	acquired	37,493	19.63	1,910	-
2023-03-06	Maher Michael W	acquired	-	-	16,176	cao and interim cfo
2023-02-02	Worzel Ken	acquired	369,750	14.79	25,000	chief customer officer

About Nordstrom

Erik B. Nordstrom

shop.nordstrom.com

65535

Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of December 31, 2021, the company operated 94 Nordstrom stores and 240 Nordstrom Rack stores in the United States; 2 clearance stores; and 7 Nordstrom Local service hubs, as well as 6 Nordstrom stores and 7 Nordstrom Rack stores in Canada. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.

JWN Income Statement

2023-01-28

Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Statement [Abstract]
Net sales	$ 15,092	$ 14,402	$ 10,357
Credit card revenues, net	438	387	358
Total revenues	15,530	14,789	10,715
Cost of sales and related buying and occupancy costs	(10,019)	(9,344)	(7,600)
Selling, general and administrative expenses	(5,046)	(4,953)	(4,162)
Earnings (loss) before interest and income taxes	465	492	(1,047)
Interest expense, net	(128)	(246)	(181)
Earnings (loss) before income taxes	337	246	(1,228)
Income tax (expense) benefit	(92)	(68)	538
Net earnings (loss)	$ 245	$ 178	$ (690)
Earnings (loss) per share:
Basic (in dollars per share)	$ 1.53	$ 1.12	$ (4.39)
Diluted (in dollars per share)	$ 1.51	$ 1.10	$ (4.39)
Weighted-average shares outstanding:
Basic (in shares)	160.1	159.0	157.2
Diluted (in shares)	162.1	162.5	157.2

JWN Balance Sheet

2023-01-28

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 28, 2023	Jan. 29, 2022
Assets
Cash and cash equivalents	$ 687	$ 322
Accounts receivable, net	265	255
Merchandise inventories	1,941	2,289
Prepaid expenses and other current assets	316	306
Total current assets	3,209	3,172
Land, property and equipment, net	3,351	3,562
Operating lease right-of-use assets	1,470	1,496
Goodwill	249	249
Other assets	466	390
Total assets	8,745	8,869
Liabilities and Shareholders’ Equity
Accounts payable	1,238	1,529
Accrued salaries, wages and related benefits	291	383
Current portion of operating lease liabilities	258	242
Other current liabilities	1,203	1,160
Total current liabilities	2,990	3,314
Long-term debt, net	2,856	2,853
Non-current operating lease liabilities	1,526	1,556
Other liabilities	634	565
Commitments and contingencies (Note 12)
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized; 160.1 and 159.4 shares issued and outstanding	3,353	3,283
Accumulated deficit	(2,588)	(2,652)
Accumulated other comprehensive loss	(26)	(50)
Total shareholders’ equity	739	581
Total liabilities and shareholders’ equity	$ 8,745	$ 8,869