Analysts expect that Dillard’s, Inc. (NYSE:DDS) will report earnings of ($0.60) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Dillard’s’ earnings, with the highest EPS estimate coming in at ($0.55) and the lowest estimate coming in at ($0.70). Dillard’s posted earnings of ($0.10) per share in the same quarter last year, which indicates a negative year over year growth rate of 500%. The firm is expected to announce its next earnings report on Thursday, August 15th.
On average, analysts expect that Dillard’s will report full year earnings of $5.11 per share for the current financial year, with EPS estimates ranging from $4.87 to $5.30. For the next year, analysts expect that the company will post earnings of $4.66 per share, with EPS estimates ranging from $3.73 to $5.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Dillard’s.
Dillard’s (NYSE:DDS) last released its earnings results on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. Dillard’s’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 EPS.
DDS has been the subject of several research analyst reports. Bank of America reissued an “underperform” rating and issued a $64.00 target price (up previously from $55.00) on shares of Dillard’s in a research report on Tuesday, February 26th. Wedbush downgraded shares of Dillard’s from a “neutral” rating to an “underperform” rating and set a $65.00 target price for the company. in a research report on Monday, April 22nd. JPMorgan Chase & Co. downgraded shares of Dillard’s from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $68.00 to $57.00 in a research report on Monday, March 4th. 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 research report on Tuesday, February 26th. Finally, Zacks Investment Research downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Sell” and a consensus price target of $61.14.
In related news, VP Mike Litchford sold 1,060 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $73.81, for a total transaction of $78,238.60. Following the completion of the sale, the vice president now owns 1,932 shares of the company’s stock, valued at approximately $142,600.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.10% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Dillard’s during the 4th quarter valued at about $23,247,000. Canada Pension Plan Investment Board grew 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 buying an additional 135,900 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Dillard’s by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 185,784 shares of the company’s stock valued at $13,380,000 after buying an additional 8,455 shares during the last quarter. Maverick Capital Ltd. grew its position in shares of Dillard’s by 27.7% during the 1st quarter. Maverick Capital Ltd. now owns 178,980 shares of the company’s stock valued at $12,890,000 after buying an additional 38,770 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Dillard’s during the 1st quarter valued at about $12,535,000. 89.71% of the stock is owned by institutional investors and hedge funds.
Shares of DDS traded down $0.36 during midday trading on Wednesday, hitting $57.40. The company had a trading volume of 578,500 shares, compared to its average volume of 403,087. The company has a market capitalization of $1.52 billion, a P/E ratio of 9.38, a PEG ratio of 1.03 and a beta of 0.88. Dillard’s has a 52 week low of $55.01 and a 52 week high of $98.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.26 and a current ratio of 1.78.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, March 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, March 28th. Dillard’s’s dividend payout ratio is presently 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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