Nordstrom Intrinsic Value Calculation – Telsey Advisory Group Reaffirms ‘Outperform’ Rating for Nordstrom Stock
November 21, 2023
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Nordstrom ($NYSE:JWN), a leading fashion retailer, recently received a reaffirmed ‘Outperform’ rating from the Telsey Advisory Group. The Telsey Advisory Group is a leading investment research company that provides equity research and corporate access services. Since then, Nordstrom has grown to become one of the leading retailers in fashion and luxury goods. Their growth over the years has led to success in both their physical and online stores. Nordstrom offers an impressive selection of clothing, shoes, and accessories for men, women, and children.
Additionally, they have recently launched a loyalty program, which offers customers exclusive discounts and rewards for shopping at Nordstrom. The Telsey Advisory Group’s ‘Outperform’ rating is a testament to Nordstrom’s continued success in the fashion retail industry. The rating is based on a review of the company’s financial performance, as well as their potential for future growth and profitability. With their continued innovation and industry-leading services, Nordstrom is well-positioned to remain a leader in the fashion retail industry.
Market Price
On Monday, Telsey Advisory Group reaffirmed their ‘Outperform’ rating for Nordstrom stock. The stock opened on Monday at $15.1 and closed at $15.2, representing a 0.5% increase from the previous closing price of $15.1. This reaffirmation of the ‘Outperform’ rating is seen as a positive sign for the future of Nordstrom stock, as it suggests that the company is on the right track to achieve their long-term goals. The Telsey Advisory Group’s analysis of Nordstrom’s performance and outlook is a reliable indicator of the stock’s potential growth and investors are likely to take their assessment into account when considering the stock as a potential investment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nordstrom. More…
| Total Revenues | Net Income | Net Margin |
| 14.82k | 32 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nordstrom. More…
| Operations | Investing | Financing |
| 1.04k | -489 | -156 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nordstrom. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.8k | 8.13k | 4.17 |
Key Ratios Snapshot
Some of the financial key ratios for Nordstrom are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.7% | -16.0% | 0.9% |
| FCF Margin | ROE | ROA |
| 3.7% | 13.6% | 0.9% |
Analysis – Nordstrom Intrinsic Value Calculation
At GoodWhale we recently conducted an analysis of NORDSTROM’s financials. Using our proprietary Valuation Line, we were able to determine the fair value of their share to be approximately $18.2. Currently, the stock is trading at around $15.2, which is a fair price that is undervalued by 16.4%. This means that investors have the opportunity to purchase the stock at $15.2 and potentially profit from the expected growth in the future. Nordstrom_Stock”>More…
Peers
The retail market is a fiercely competitive one, and nowhere is this more apparent than in the battle between Nordstrom Inc and its rivals Kohl’s Corp, Macy’s Inc, and Chiyoda Co Ltd. All four companies are vying for a share of the market, and each has its own unique strengths and weaknesses. Nordstrom Inc is a leading retailer in the United States, with a strong presence in both online and brick-and-mortar sales. Kohl’s Corp is a close second, with a large number of stores across the country and a growing online business. Macy’s Inc is a bit of an underdog in this fight, but it has a long history and a loyal customer base. Chiyoda Co Ltd is the smallest of the four companies, but it is the only one with a significant presence in Asia.
The competition between these four companies is fierce, and it shows no signs of slowing down. Each company is fighting for a larger share of the market, and they are all doing whatever it takes to win. The customer is the ultimate winner in this battle, as they are the ones who benefit from the lower prices and better selection that come from a competitive market.
– Kohl’s Corp ($NYSE:KSS)
Kohl’s Corp is a large retail company with a market cap of 3.37B as of 2022. The company has a Return on Equity of 16.46%. Kohl’s Corp is a retailer that operates primarily in the United States. The company offers a wide variety of merchandise, including clothing, footwear, and home goods. Kohl’s also offers a variety of services, such as credit card services and gift cards.
– Macy’s Inc ($NYSE:M)
Macy’s Inc is an American department store chain founded in 1858. It is one of the largest department store chains in the United States, with around 850 stores in 45 states. Macy’s Inc has a market cap of $5.14B as of 2022 and a Return on Equity of 40.81%. The company operates Macy’s and Bloomingdale’s department stores, as well as the macys.com and bloomingdales.com websites. Macy’s Inc also owns and operates the Macy’s Thanksgiving Day Parade and the Fourth of July Fireworks Celebration.
– Chiyoda Co Ltd ($TSE:8185)
Chiyoda Co Ltd is a Japanese company that provides engineering, construction, and other services. The company has a market capitalization of 25.03 billion as of 2022 and a return on equity of -2.63%. The company’s main businesses include oil and gas, chemicals, power, and infrastructure. Chiyoda has been involved in some of Japan’s largest projects, including the Tokyo Skytree and the Tokyo Olympics Stadium.
Summary
Telsey Advisory Group has reaffirmed Nordstrom‘s stock rating, citing its strong financial position and potential for growth. The company has a history of outperforming the market, with consistent returns for investors. Nordstrom’s strong balance sheet gives it the ability to finance future growth initiatives. It has a sizable cash position, low leverage, and a manageable debt load. Nordstrom’s retail strategy has also been successful, with same-store sales increasing steadily over the past several years.
It continues to gain market share and expand into new markets. Nordstrom has made investments in technology and digital platforms to enhance customer engagement and loyalty, which should further drive growth. It also remains focused on cost-cutting initiatives and capital allocation strategies. Overall, Nordstrom is well-positioned to continue its track record of good performance in the coming years.
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