Wall Street brokerages forecast that Dillard’s, Inc. (NYSE:DDS) will report sales of $1.21 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Dillard’s’ earnings, with estimates ranging from $1.18 billion to $1.24 billion. Dillard’s reported sales of $1.39 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 12.9%. The firm is expected to report its next quarterly earnings results on Thursday, November 12th.
According to Zacks, analysts expect that Dillard’s will report full-year sales of $4.76 billion for the current year, with estimates ranging from $4.69 billion to $4.81 billion. For the next financial year, analysts anticipate that the company will post sales of $5.67 billion, with estimates ranging from $5.39 billion to $6.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Dillard’s.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.82) by $4.45. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $965.13 million. Dillard’s had a negative return on equity of 6.48% and a negative net margin of 1.92%.
A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Dillard’s from $30.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, August 14th. Wedbush boosted their price objective on shares of Dillard’s from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 14th. ValuEngine lowered shares of Dillard’s from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 18th. Finally, Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a report on Friday, July 3rd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Dillard’s presently has an average rating of “Hold” and a consensus price target of $30.29.
Several hedge funds have recently bought and sold shares of DDS. Tower Research Capital LLC TRC grew its position in Dillard’s by 2,024.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,147 shares of the company’s stock valued at $42,000 after buying an additional 1,093 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Dillard’s by 27.8% during the first quarter. New Mexico Educational Retirement Board now owns 2,300 shares of the company’s stock worth $85,000 after buying an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Dillard’s by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the company’s stock valued at $111,000 after acquiring an additional 399 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Dillard’s during the first quarter valued at $184,000. Finally, Engineers Gate Manager LP bought a new position in shares of Dillard’s in the first quarter valued at about $232,000. 78.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of DDS traded up $0.98 during trading hours on Wednesday, reaching $37.94. 739,902 shares of the company traded hands, compared to its average volume of 611,073. The stock has a market capitalization of $848.98 million, a P/E ratio of -8.74 and a beta of 0.99. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.41. Dillard’s has a 12-month low of $21.50 and a 12-month high of $84.47. The business has a fifty day moving average price of $31.05 and a 200-day moving average price of $29.37.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, September 29th. Dillard’s’s payout ratio is 14.39%.
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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