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

Wall Street brokerages expect that Dillard’s, Inc. (NYSE:DDS) will report $1.40 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Dillard’s’ earnings, with estimates ranging from $1.38 billion to $1.41 billion. Dillard’s posted sales of $1.46 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The firm is expected to issue its next quarterly earnings report on Thursday, November 21st.

According to Zacks, analysts expect that Dillard’s will report full year sales of $6.30 billion for the current fiscal year, with estimates ranging from $6.26 billion to $6.37 billion. For the next fiscal year, analysts forecast 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 calculations are an average based on a survey of sell-side analysts that follow Dillard’s.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 15th. The company reported ($1.74) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.97). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Dillard’s had a return on equity of 7.23% and a net margin of 2.04%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share.

Several research analysts recently weighed in on DDS shares. Deutsche Bank cut their target price on Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday, August 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $58.00 price objective (down from $65.00) on shares of Dillard’s in a research report on Friday, August 16th. Wedbush reissued a “neutral” rating and issued a $56.00 price objective (down from $62.00) on shares of Dillard’s in a research report on Wednesday, August 14th. JPMorgan Chase & Co. cut their price objective 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. Finally, ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.33.

Shares of DDS traded down $1.20 during trading hours on Tuesday, hitting $68.16. The stock had a trading volume of 390,579 shares, compared to its average volume of 647,800. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.26 and a current ratio of 1.86. The firm has a market cap of $1.73 billion, a P/E ratio of 11.14 and a beta of 1.13. The company’s fifty day simple moving average is $60.51 and its 200 day simple moving average is $64.76. Dillard’s has a 12-month low of $47.95 and a 12-month high of $86.71.

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 given a $0.15 dividend. The ex-dividend date is Friday, September 27th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 0.88%. Dillard’s’s dividend payout ratio (DPR) is 9.80%.

In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total value of $154,704.00. Following the transaction, the vice president now directly owns 1,840 shares of the company’s stock, valued at $118,606.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Dillard’s by 153.5% during the second quarter. Signaturefd LLC now owns 431 shares of the company’s stock valued at $27,000 after acquiring an additional 261 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in shares of Dillard’s by 22.0% during the second quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock valued at $75,000 after acquiring an additional 216 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Dillard’s during the first quarter valued at about $86,000. State of Alaska Department of Revenue acquired a new stake in shares of Dillard’s during the third quarter valued at about $120,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Dillard’s by 50.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,672 shares of the company’s stock valued at $167,000 after acquiring an additional 897 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

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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