Morningstar - Nordstrom Inc. (JWN) Narrow-moat Nordstrom sees customer growth due to its curated offering and customer experience.

Report

Morningstar

John Brick, CFA

EUR 100.00 For Business Accounts Only

Narrow-moat Nordstrom sees customer growth due to its curated offering and customer experience.

Nordstrom shares declined about 2% after the company announced that the Board was terminating discussions with the Nordstrom family regarding a privatization transaction. The company disclosed that the sticking point was negotiating an acceptable price, which we find unsurprising, given that we view the current share price as fair and agree that a value north of this could be construed by the family as overpaying.
Our $53 fair value estimate has always been based on the intrinsic value of the co...

04/05/2018 12 EN

Underlying

Nordstrom Inc.

Nordstrom is a fashion retailer providing a selection of brand-name and private label apparel, shoes, cosmetics and accessories for women, men, young adults and children. The company serves customers through two businesses: Full-Price and Off-Price. The company's operations consist of the company's Nordstrom U.S. and Canada full-line stores, U.S. and Canada Nordstrom Rack stores, Jeffrey boutiques, Last Chance clearance stores, Trunk Club clubhouses and Nordstrom Local. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com, HauteLook and TrunkClub.com.

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US6556641008 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

John Brick, CFA

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Narrow-moat Nordstrom sees customer growth due to its curated offering and customer experience.

Moody's Ratings affirms Nordstrom's Ba2 CFR

Nordstrom, Inc. - November 2024 (LTM): Peer Snapshot

Moody's Ratings says Nordstrom's Ba2 CFR is not impacted by the proposed acquisition by the Nordstrom Family and Liverpool

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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