Nordstrom, Inc. (JWN) shares are on the rise today following news of a proposed acquisition by the Nordstrom family and El Puerto de Liverpool. The family has offered to take the company private by purchasing all outstanding shares they don’t already own for $23 per share in cash. This marks a renewed attempt by the family to take Nordstrom private, six years after their previous effort.
Goldman Sachs analyst Brooke Roach sees real estate value as a key consideration in the deal, highlighting similar transactions in the department store sector, such as the recently terminated talks between Macy’s and an investor buyout group. Roach predicts earnings per share (EPS) of $1.98 in fiscal year 2025, $2.05 in 2026, and $2.09 in 2027.
Last month, Nordstrom reported quarterly earnings of 96 cents per share, surpassing the analyst consensus estimate of 71 cents by 35.21%. Investors can access the stock through ETFs like Invesco Exchange-Traded Fund Trust II Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Invesco S&P Midcap 400 Pure Value ETF (RFV).
As of Thursday’s close, JWN shares are up 0.24% at $22.84.
