JWN

Nordstrom Inc.

Consumer


Presented:11/20/2013
Price:$61.76
Cap:$11.90B
Current Price:$24.08
Cap:$3.95B

Presented

Date11/20/2013
Price$61.76
Market Cap$11.90B
Ent Value$14.10B
P/E Ratio21.82x
Book Value$12.84
Div Yield1.8%
Shares O/S193.20M
Ave Daily Vol1,570,000
Short Int3.52%

Current

Price$24.08
Market Cap$3.95B
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It operates in two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise. This segment sells its products through various channels, as well as through online private sale subsidiary, HauteLook, Inc. As of November 20, 2013, this segment operated 261 stores in 35 states, including 117 full-line stores, 141 Nordstrom Racks, 2 Jeffrey boutiques, and 1 clearance store. The Credit segment operates Nordstrom fsb, a federal savings bank, which provides a private label credit card, two Nordstrom VISA credit cards, and a debit card. Nordstrom, Inc. was founded in 1901 and is based in Seattle, Washington.

Highlights

The presenter is long shares of Nordstrom (JWN), and sees shares of the stock trading at just 12.5x his $5+ 2015 EPS estimate. Today, JWN’s business is split 70% full-line, and 30% split roughly equally between ecommerce and Nordstrom Rack. The latter businesses are growing rapidly compared to full-line, and the shift should prove favorable in the long-run as earnings grow while management reduces the share count.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.