Dillard’s, Inc. (NYSE:DDS) Expected to Post Quarterly Sales of $1.40 Billion

Equities research analysts forecast that Dillard’s, Inc. (NYSE:DDS) will post sales of $1.40 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dillard’s’ earnings. The lowest sales estimate is $1.38 billion and the highest is $1.41 billion. Dillard’s posted sales of $1.46 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.1%. The company is expected to issue its next quarterly earnings results on Thursday, November 21st.

On average, analysts expect that Dillard’s will report full-year sales of $6.30 billion for the current year, with estimates ranging from $6.26 billion to $6.37 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.26 billion, with estimates ranging from $6.25 billion to $6.29 billion. Zacks Investment Research’s sales averages are an 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 results on Thursday, August 15th. The company reported ($1.74) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Several equities research analysts recently weighed in on the company. TheStreet lowered Dillard’s from a “b” rating to a “c” rating in a research report on Thursday, May 16th. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. dropped their price target on Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. Telsey Advisory Group restated a “market perform” rating and set a $58.00 price target (down from $65.00) on shares of Dillard’s in a research report on Friday, August 16th. Finally, Wedbush reiterated a “neutral” rating and set a $56.00 price objective (down previously from $62.00) on shares of Dillard’s in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Dillard’s currently has an average rating of “Hold” and an average price target of $54.33.

In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of Dillard’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total transaction of $154,704.00. Following the completion of the transaction, the vice president now owns 1,840 shares in the company, valued at $118,606.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.10% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Newport Trust Co raised its stake in Dillard’s by 1.1% during the second quarter. Newport Trust Co now owns 7,305,792 shares of the company’s stock valued at $455,005,000 after buying an additional 78,952 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Dillard’s by 25.9% in the second quarter. AQR Capital Management LLC now owns 964,736 shares of the company’s stock worth $60,007,000 after purchasing an additional 198,186 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Dillard’s in the first quarter worth $12,535,000. Invesco Ltd. raised its stake in shares of Dillard’s by 29.8% in the second quarter. Invesco Ltd. now owns 168,736 shares of the company’s stock worth $10,508,000 after purchasing an additional 38,785 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Dillard’s by 21.2% in the second quarter. Prudential Financial Inc. now owns 167,364 shares of the company’s stock worth $10,424,000 after purchasing an additional 29,256 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Shares of NYSE DDS traded up $1.17 during mid-day trading on Friday, hitting $67.30. 813,300 shares of the stock traded hands, compared to its average volume of 469,872. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.26 and a current ratio of 1.86. Dillard’s has a 52 week low of $47.95 and a 52 week high of $86.71. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 11.00 and a beta of 1.12. The stock has a fifty day moving average price of $63.10 and a 200-day moving average price of $65.78.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. This is a boost from Dillard’s’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. Dillard’s’s payout ratio is presently 6.54%.

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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