Dillard’s, Inc. (NYSE:DDS) Expected to Announce Quarterly Sales of $1.40 Billion
Equities research analysts forecast that Dillard’s, Inc. (NYSE:DDS) will announce $1.40 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dillard’s’ earnings, with the lowest sales estimate coming in at $1.38 billion and the highest estimate coming in at $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 firm is expected to report its next earnings results on Thursday, August 10th.
On average, analysts expect that Dillard’s will report full year sales of $1.40 billion for the current fiscal year, with estimates ranging from $6.05 billion to $6.18 billion. For the next fiscal year, analysts anticipate that the firm 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 sell-side analysts that that provide coverage for Dillard’s.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, May 11th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. Dillard’s had a return on equity of 9.39% and a net margin of 2.50%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $2.17 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year.
DDS has been the topic of several recent analyst reports. BidaskClub raised Dillard’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Deutsche Bank AG decreased their price target on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research note on Friday, May 12th. Finally, ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.67.
Shares of Dillard’s (NYSE DDS) opened at 72.93 on Monday. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 15.33 and a beta of 1.12. Dillard’s has a 1-year low of $45.51 and a 1-year high of $83.44. The firm has a 50-day moving average price of $60.62 and a 200-day moving average price of $55.18.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Wednesday, June 28th. Dillard’s’s dividend payout ratio (DPR) is presently 5.76%.
In related news, major shareholder David Einhorn sold 35,125 shares of the stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. 23.27% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after buying an additional 281 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in Dillard’s during the first quarter valued at about $125,000. Advantus Capital Management Inc purchased a new position in Dillard’s during the first quarter valued at about $169,000. Bank of Montreal Can raised its position in Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after buying an additional 708 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC purchased a new position in Dillard’s during the first quarter valued at about $228,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
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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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