Analysts forecast that Dillard’s, Inc. (NYSE:DDS) will announce earnings of ($0.60) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dillard’s’ earnings, with estimates ranging from ($0.70) to ($0.55). Dillard’s reported earnings per share of ($0.10) in the same quarter last year, which suggests a negative year-over-year growth rate of 500%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 15th.
On average, analysts expect that Dillard’s will report full year earnings of $5.11 per share for the current year, with EPS estimates ranging from $4.87 to $5.30. For the next fiscal year, analysts forecast that the company will report earnings of $4.66 per share, with EPS estimates ranging from $3.73 to $5.34. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Dillard’s.
Dillard’s (NYSE:DDS) last released its earnings results on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.11). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $2.89 earnings per share.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Deutsche Bank dropped their target price on shares of Dillard’s from $56.00 to $53.00 and set a “sell” rating on the stock in a research report on Thursday, May 16th. Wedbush reaffirmed an “underperform” rating and set a $54.00 price objective (down from $65.00) on shares of Dillard’s in a research report on Thursday, May 16th. TheStreet downgraded shares of Dillard’s from a “b” rating to a “c” rating in a research report on Thursday, May 16th. Finally, ValuEngine downgraded shares of Dillard’s from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has an average rating of “Sell” and a consensus price target of $61.33.
In other Dillard’s news, Director Robert C. Connor bought 800 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $56.86 per share, with a total value of $45,488.00. Following the completion of the transaction, the director now directly owns 70,200 shares of the company’s stock, valued at approximately $3,991,572. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Mike Litchford sold 1,060 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $73.81, for a total transaction of $78,238.60. Following the completion of the sale, the vice president now directly owns 1,932 shares of the company’s stock, valued at $142,600.92. The disclosure for this sale can be found here. Insiders own 20.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Investors Research Corp bought a new stake in Dillard’s in the first quarter worth approximately $79,000. NumerixS Investment Technologies Inc acquired a new position in Dillard’s in the first quarter valued at about $86,000. Quantamental Technologies LLC bought a new position in Dillard’s in the fourth quarter valued at about $96,000. Advisors Asset Management Inc. grew its position in Dillard’s by 17.7% in the fourth 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. bought a new position in Dillard’s in the first quarter valued at about $202,000. 86.75% of the stock is owned by institutional investors.
Shares of Dillard’s stock traded down $1.38 during trading on Friday, hitting $57.85. The stock had a trading volume of 6,362 shares, compared to its average volume of 419,711. The company has a market cap of $1.55 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.78 and a quick ratio of 0.22. Dillard’s has a 1 year low of $53.96 and a 1 year high of $98.75.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, June 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, June 27th. Dillard’s’s payout ratio is presently 6.54%.
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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