Professional
Added to YB: 2024-05-17
Pitch date: 2024-05-11
JWN [bullish]
Nordstrom, Inc.
+23%
current return
Author Info
No bio for this author
Company Info
Nordstrom, Inc. operates as a fashion retailer in the United States. The company provides apparel, shoes, beauty, accessories, and home goods for women, men, young adults, and children.
Market Cap
$4.1B
Pitch Price
$20.05
Price Target
38.50 (+56%)
Dividend
3.08%
EV/EBITDA
4.85
P/E
14.17
EV/Sales
0.49
Sector
Broadline Retail
Category
special_situation
Nordstrom: Value of Possible Acquisition by Insiders Depends on Price Offered; Shares Undervalued
JWN: Possible insider acquisition offer; no price yet. Underwhelming sales & margins post-pandemic. Shares at half our $38.50 FVE, so offer may undervalue. Closures, weak Rack hurt moat. Initiatives: private label, cost cuts, e-comm (36% sales), but unlikely to fully recover. High uncertainty rating. Family owns 30%. Reinstated dividend, buyback limited. Risks: recession, debt, tariffs.
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