Wall Street brokerages expect Dillard’s, Inc. (NYSE:DDS) to post $1.47 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Dillard’s’ earnings. The highest sales estimate is $1.50 billion and the lowest is $1.44 billion. Dillard’s reported sales of $1.50 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The firm is scheduled to announce its next earnings report on Thursday, August 15th.

According to Zacks, analysts expect that Dillard’s will report full-year sales of $6.41 billion for the current year, with estimates ranging from $6.33 billion to $6.50 billion. For the next financial year, analysts forecast that the company will report sales of $6.42 billion, with estimates ranging from $6.37 billion to $6.51 billion. Zacks Investment Research’s sales averages 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 released its quarterly earnings data on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.11). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a net margin of 2.62% and a return on equity of 9.67%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.89 earnings per share.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Dillard’s from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, April 23rd. Bank of America restated an “underperform” rating and set a $64.00 price objective (up from $55.00) on shares of Dillard’s in a research note on Tuesday, February 26th. JPMorgan Chase & Co. downgraded shares of Dillard’s from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $68.00 to $57.00 in a report on Monday, March 4th. Wedbush set a $65.00 price target on shares of Dillard’s and gave the company a “positive” rating in a report on Wednesday, February 20th. Finally, TheStreet downgraded shares of Dillard’s from a “b” rating to a “c” rating in a report on Thursday. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of “Sell” and a consensus target price of $61.14.

NYSE:DDS traded down $0.36 on Friday, reaching $57.40. 578,500 shares of the stock traded hands, compared to its average volume of 403,087. The firm has a market cap of $1.52 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.26 and a current ratio of 1.78. Dillard’s has a 12 month low of $55.01 and a 12 month high of $98.75.

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, March 29th were issued 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 payout ratio is presently 6.54%.

In other news, VP Mike Litchford sold 1,060 shares of the firm’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 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 accessible through this hyperlink. Company insiders own 20.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Investors Research Corp purchased a new stake in shares of Dillard’s during the 1st quarter valued at about $79,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Dillard’s during the 1st quarter valued at about $86,000. Quantamental Technologies LLC purchased a new stake in shares of Dillard’s during the 4th quarter valued at about $96,000. Advisors Asset Management Inc. boosted its holdings in shares of Dillard’s by 17.7% during the 4th quarter. Advisors Asset Management Inc. now owns 2,163 shares of the company’s stock valued at $130,000 after acquiring an additional 326 shares during the last quarter. Finally, Institute for Wealth Management LLC. purchased a new stake in shares of Dillard’s during the 1st quarter valued at about $202,000. 89.71% of the stock is currently owned by hedge funds and other institutional investors.

About Dillard’s

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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Earnings History and Estimates for Dillard`s (NYSE:DDS)

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