Brokerages expect Dillard’s, Inc. (NYSE:DDS) to report $1.51 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Dillard’s’ earnings, with the lowest sales estimate coming in at $1.50 billion and the highest estimate coming in at $1.51 billion. Dillard’s reported sales of $1.49 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 16th.
On average, analysts expect that Dillard’s will report full year sales of $6.49 billion for the current fiscal year, with estimates ranging from $6.40 billion to $6.56 billion. For the next financial year, analysts anticipate that the business will post sales of $6.51 billion, with estimates ranging from $6.39 billion to $6.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Dillard’s.
Dillard’s (NYSE:DDS) last issued its earnings results on Monday, February 25th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.59. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Dillard’s had a return on equity of 10.22% and a net margin of 2.63%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS.
Several research firms have recently issued reports on DDS. TheStreet raised Dillard’s from a “c+” rating to a “b” rating in a research note on Wednesday, February 27th. Deutsche Bank boosted their target price on shares of Dillard’s from $55.00 to $62.00 and gave the stock a “sell” rating in a report on Tuesday, February 26th. ValuEngine lowered shares of Dillard’s from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. JPMorgan Chase & Co. upgraded shares of Dillard’s from an “underweight” rating to a “neutral” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research raised shares of Dillard’s from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Wednesday, January 16th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.57.
In other news, VP Mike Litchford sold 1,060 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $73.81, for a total transaction of $78,238.60. Following the completion of the transaction, the vice president now directly owns 1,932 shares in the company, valued at $142,600.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Capital International Investors bought a new stake in Dillard’s during the third quarter valued at $129,778,000. Bank of New York Mellon Corp lifted its stake in shares of Dillard’s by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 855,841 shares of the company’s stock valued at $65,335,000 after purchasing an additional 48,052 shares during the period. AQR Capital Management LLC boosted its position in shares of Dillard’s by 33.6% during the 3rd quarter. AQR Capital Management LLC now owns 596,618 shares of the company’s stock valued at $45,546,000 after purchasing an additional 150,080 shares in the last quarter. Norges Bank bought a new stake in shares of Dillard’s during the 4th quarter valued at about $23,247,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Dillard’s by 120.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 248,819 shares of the company’s stock valued at $15,005,000 after purchasing an additional 135,900 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.
Shares of DDS stock traded up $0.14 during mid-day trading on Monday, reaching $75.09. 349,795 shares of the stock traded hands, compared to its average volume of 304,246. Dillard’s has a 1-year low of $55.73 and a 1-year high of $98.75. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.38 and a beta of 0.92. The company has a current ratio of 1.90, a quick ratio of 0.26 and a debt-to-equity ratio of 0.34.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, March 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Dillard’s’s payout ratio is 6.54%.
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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