Wall Street brokerages expect Dillard’s, Inc. (NYSE:DDS) to announce earnings of $2.75 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dillard’s’ earnings. The highest EPS estimate is $2.94 and the lowest is $2.53. Dillard’s posted earnings per share of $2.89 during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The firm is expected to issue its next earnings report on Thursday, May 16th.
On average, analysts expect that Dillard’s will report full year earnings of $5.53 per share for the current fiscal year, with EPS estimates ranging from $4.68 to $6.22. For the next financial year, analysts anticipate that the firm will report earnings of $4.94 per share, with EPS estimates ranging from $3.80 to $5.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Dillard’s.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Monday, February 25th. The company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.45. Dillard’s had a return on equity of 10.22% and a net margin of 2.63%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis.
DDS has been the subject of a number of research analyst reports. TheStreet raised Dillard’s from a “c+” rating to a “b” rating in a research note on Wednesday, February 27th. Deutsche Bank raised their price target on Dillard’s from $55.00 to $62.00 and gave the stock a “sell” rating in a research note on Tuesday, February 26th. ValuEngine downgraded Dillard’s from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. JPMorgan Chase & Co. upgraded Dillard’s from an “underweight” rating to a “neutral” rating in a report on Monday, January 7th. Finally, Wedbush downgraded Dillard’s from a “neutral” rating to an “underperform” rating in a report on Monday. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Sell” and a consensus target price of $63.57.
In related news, VP Mike Litchford sold 1,060 shares of Dillard’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $73.81, for a total value of $78,238.60. Following the completion of the sale, the vice president now directly owns 1,932 shares in the company, valued at approximately $142,600.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.10% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDS. Canada Pension Plan Investment Board boosted its position in Dillard’s by 120.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 248,819 shares of the company’s stock worth $15,005,000 after purchasing an additional 135,900 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Dillard’s during the 4th quarter worth $96,000. Teachers Advisors LLC lifted its stake in shares of Dillard’s by 3.1% during the 3rd quarter. Teachers Advisors LLC now owns 25,129 shares of the company’s stock worth $1,918,000 after purchasing an additional 761 shares during the last quarter. Flossbach Von Storch AG increased its position in Dillard’s by 19.5% during the 4th quarter. Flossbach Von Storch AG now owns 27,600 shares of the company’s stock valued at $1,665,000 after buying an additional 4,500 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Dillard’s by 172.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,837 shares of the company’s stock valued at $140,000 after buying an additional 1,162 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.
DDS stock traded down $6.43 on Monday, reaching $67.46. The company’s stock had a trading volume of 11,434 shares, compared to its average volume of 276,126. Dillard’s has a 12-month low of $55.73 and a 12-month high of $98.75. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.36 and a beta of 0.92. The company has a quick ratio of 0.26, a current ratio of 1.90 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 issued a dividend of $0.10 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. Dillard’s’s payout ratio is presently 6.54%.
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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