Brokerages Expect Dillard’s, Inc. (DDS) Will Post Quarterly Sales of $1.40 Billion
Equities analysts forecast that Dillard’s, Inc. (NYSE:DDS) will post $1.40 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dillard’s’ earnings, with estimates ranging from $1.38 billion to $1.43 billion. Dillard’s posted sales of $1.45 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The company is expected to report its next quarterly earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Dillard’s will report full year sales of $1.40 billion for the current year, with estimates ranging from $6.05 billion to $6.18 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.87 billion per share, with estimates ranging from $5.79 billion to $5.95 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Dillard’s.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 earnings per share.
A number of equities analysts have recently commented on the company. BidaskClub downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Deutsche Bank AG dropped their target price on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Dillard’s currently has a consensus rating of “Hold” and a consensus target price of $58.67.
In other Dillard’s news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 23.27% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Dillard’s by 21,903.1% in the first quarter. BlackRock Inc. now owns 2,079,949 shares of the company’s stock valued at $108,657,000 after buying an additional 2,070,496 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Dillard’s by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,444 shares of the company’s stock valued at $91,079,000 after buying an additional 168,131 shares in the last quarter. Vanguard Group Inc. increased its stake in Dillard’s by 5.9% in the first quarter. Vanguard Group Inc. now owns 1,552,773 shares of the company’s stock valued at $81,117,000 after buying an additional 85,874 shares in the last quarter. LSV Asset Management increased its stake in Dillard’s by 0.7% in the first quarter. LSV Asset Management now owns 1,360,565 shares of the company’s stock valued at $71,075,000 after buying an additional 9,500 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Dillard’s by 76.0% in the first quarter. Bank of New York Mellon Corp now owns 888,285 shares of the company’s stock valued at $46,404,000 after buying an additional 383,505 shares in the last quarter. Institutional investors own 92.48% of the company’s stock.
Shares of Dillard’s (NYSE DDS) opened at 59.20 on Friday. Dillard’s has a 52 week low of $45.51 and a 52 week high of $77.70. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 12.44 and a beta of 1.07. The firm’s 50-day moving average is $52.03 and its 200-day moving average is $54.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.28 annualized dividend and a yield of 0.47%. Dillard’s’s dividend payout ratio is presently 5.76%.
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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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