Analysts predict that Dillard’s, Inc. (NYSE:DDS) will announce sales of $1.21 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Dillard’s’ earnings, with the highest sales estimate coming in at $1.24 billion and the lowest estimate coming in at $1.18 billion. Dillard’s reported sales of $1.39 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.9%. The business is scheduled to report its next quarterly earnings results on Thursday, November 12th.
On average, analysts expect that Dillard’s will report full-year sales of $4.76 billion for the current financial year, with estimates ranging from $4.69 billion to $4.81 billion. For the next year, analysts expect that the company will post sales of $5.67 billion, with estimates ranging from $5.39 billion to $6.08 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Dillard’s.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, topping the Zacks’ consensus estimate of ($4.82) by $4.45. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $965.13 million. Dillard’s had a negative net margin of 1.92% and a negative return on equity of 6.48%.
A number of brokerages have recently commented on DDS. ValuEngine lowered shares of Dillard’s from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 18th. Telsey Advisory Group raised their target price on shares of Dillard’s from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, August 14th. Wedbush raised their target price on shares of Dillard’s from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Zacks Investment Research upgraded shares of Dillard’s from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Friday, July 3rd. Four investment 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. Dillard’s presently has an average rating of “Hold” and an average target price of $30.29.
Shares of NYSE:DDS traded up $0.98 during trading on Wednesday, reaching $37.94. 739,902 shares of the company were exchanged, compared to its average volume of 611,073. The firm has a market capitalization of $848.98 million, a PE ratio of -8.74 and a beta of 0.99. The business’s fifty day simple moving average is $31.05 and its 200-day simple moving average is $29.37. Dillard’s has a 12-month low of $21.50 and a 12-month high of $84.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.86 and a quick ratio of 0.32.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Dillard’s’s payout ratio is currently 14.39%.
Several large investors have recently bought and sold shares of DDS. Newport Trust Co increased its stake in shares of Dillard’s by 2.2% during the second quarter. Newport Trust Co now owns 7,358,692 shares of the company’s stock worth $189,781,000 after purchasing an additional 159,352 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Dillard’s by 246.7% during the first quarter. JPMorgan Chase & Co. now owns 198,261 shares of the company’s stock worth $7,325,000 after acquiring an additional 141,079 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Dillard’s during the first quarter worth about $4,403,000. Federated Hermes Inc. boosted its position in Dillard’s by 2,864.9% during the second quarter. Federated Hermes Inc. now owns 118,893 shares of the company’s stock worth $3,066,000 after acquiring an additional 114,883 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in Dillard’s during the second quarter worth about $1,749,000. Institutional investors and hedge funds own 78.27% of the company’s stock.
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.
Recommended Story: 52-week highs
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dillard's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's and related companies with MarketBeat.com's FREE daily email newsletter.