Brokerages forecast that Dillard’s, Inc. (NYSE:DDS) will report $2.02 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dillard’s’ earnings, with the highest sales estimate coming in at $2.03 billion and the lowest estimate coming in at $2.01 billion. Dillard’s reported sales of $2.01 billion in the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The company is scheduled to report its next earnings results on Monday, February 24th.
According to Zacks, analysts expect that Dillard’s will report full-year sales of $6.37 billion for the current year, with estimates ranging from $6.29 billion to $6.41 billion. For the next year, analysts expect that the company will post sales of $6.35 billion, with estimates ranging from $6.27 billion to $6.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Dillard’s.
Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, November 14th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.37. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Dillard’s had a return on equity of 7.06% and a net margin of 2.03%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share.
Several research firms recently commented on DDS. Deutsche Bank reduced their price objective on shares of Dillard’s from $49.00 to $36.00 and set a “sell” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. cut their price target on shares of Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. Wedbush reaffirmed a “neutral” rating and set a $56.00 price target (down from $62.00) on shares of Dillard’s in a research report on Wednesday, August 14th. Telsey Advisory Group upped their price target on Dillard’s from $58.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $58.00.
NYSE:DDS opened at $69.79 on Monday. Dillard’s has a fifty-two week low of $47.95 and a fifty-two week high of $86.71. The stock has a market capitalization of $1.74 billion, a P/E ratio of 11.40 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.26 and a current ratio of 1.86. The company’s 50-day simple moving average is $71.74 and its 200-day simple moving average is $65.08.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, December 30th. Dillard’s’s payout ratio is currently 9.80%.
In other news, Director H. Lee Hastings III sold 3,000 shares of Dillard’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $72.20, for a total transaction of $216,600.00. Following the completion of the sale, the director now directly owns 14,312 shares in the company, valued at $1,033,326.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.10% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the company. Signaturefd LLC boosted its position in Dillard’s by 153.5% in the second quarter. Signaturefd LLC now owns 431 shares of the company’s stock valued at $27,000 after buying an additional 261 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Dillard’s by 73.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 617 shares of the company’s stock valued at $41,000 after acquiring an additional 261 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of Dillard’s by 22.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock valued at $75,000 after acquiring an additional 216 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Dillard’s in the 3rd quarter valued at $120,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Dillard’s by 50.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,672 shares of the company’s stock valued at $167,000 after acquiring an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Dillard’s Company Profile
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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