Wall Street brokerages predict that Dillard’s, Inc. (NYSE:DDS) will report sales of $1.34 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dillard’s’ earnings, with the lowest sales estimate coming in at $1.31 billion and the highest estimate coming in at $1.36 billion. Dillard’s reported sales of $1.41 billion in the same quarter last year, which indicates a negative year over year growth rate of 5%. The company is scheduled to report its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Dillard’s will report full-year sales of $1.34 billion for the current fiscal year, with estimates ranging from $6.13 billion to $6.25 billion. For the next financial year, analysts expect that the business will report sales of $5.96 billion per share, with estimates ranging from $5.90 billion to $6.01 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Dillard’s.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.77). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share.
Several research firms recently commented on DDS. Zacks Investment Research cut Dillard’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $36.00 price objective (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Finally, TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $52.60.
Shares of Dillard’s (NYSE DDS) opened at 53.81 on Friday. The stock’s 50 day moving average price is $55.59 and its 200-day moving average price is $56.78. The company has a market capitalization of $1.56 billion, a PE ratio of 13.33 and a beta of 1.12. Dillard’s has a 1-year low of $45.51 and a 1-year high of $83.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. Dillard’s’s dividend payout ratio (DPR) is 10.18%.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total value of $27,135.00. Following the transaction, the director now owns 8,200 shares of the company’s stock, valued at $494,460. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.27% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. QS Investors LLC lifted its holdings in Dillard’s by 0.7% in the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after acquiring an additional 12 shares during the period. LS Investment Advisors LLC lifted its holdings in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after acquiring an additional 281 shares during the period. Victory Capital Management Inc. lifted its holdings in Dillard’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after acquiring an additional 325 shares during the period. Advantus Capital Management Inc bought a new position in Dillard’s in the first quarter valued at about $169,000. Finally, Verity Asset Management Inc. bought a new position in Dillard’s in the second quarter valued at about $225,000. 94.46% of the stock is currently owned by institutional investors.
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Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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