Dillard’s, Inc. (DDS) Expected to Post Quarterly Sales of $1.34 Billion
Equities research analysts expect that Dillard’s, Inc. (NYSE:DDS) will announce sales of $1.34 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Dillard’s’ earnings, with the lowest sales estimate coming in at $1.33 billion and the highest estimate coming in at $1.36 billion. Dillard’s reported sales of $1.41 billion during the same quarter last year, which would suggest a negative year over year growth rate of 5%. The business is expected to report its next quarterly earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Dillard’s will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $6.15 billion to $6.25 billion. For the next financial year, analysts forecast that the business will report sales of $5.96 billion per share, with estimates ranging from $5.91 billion to $6.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Dillard’s.
Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.77). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share.
Several equities research analysts have commented on DDS shares. BidaskClub lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. J P Morgan Chase & Co restated an “underweight” rating and set a $36.00 target price (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Deutsche Bank AG boosted their target price on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.00.
Dillard’s (NYSE DDS) opened at 60.15 on Wednesday. Dillard’s has a 12-month low of $45.51 and a 12-month high of $83.44. The firm’s 50-day moving average is $64.06 and its 200 day moving average is $56.15. The stock has a market capitalization of $1.75 billion, a P/E ratio of 14.90 and a beta of 1.12.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. Dillard’s’s payout ratio is currently 7.12%.
Institutional investors have recently added to or reduced their stakes in the stock. QS Investors LLC boosted its position in shares of Dillard’s by 0.7% in the 2nd quarter. QS Investors LLC now owns 1,798 shares of the company’s stock worth $104,000 after buying an additional 12 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Dillard’s by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after buying an additional 281 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of Dillard’s in the 1st quarter worth about $125,000. Victory Capital Management Inc. boosted its position in shares of Dillard’s by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock worth $125,000 after buying an additional 325 shares in the last quarter. Finally, Advantus Capital Management Inc purchased a new stake in shares of Dillard’s in the 1st quarter worth about $169,000. Institutional investors and hedge funds own 94.10% of the company’s stock.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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