Analysts expect Dillard’s, Inc. (NYSE:DDS) to post earnings per share (EPS) of $2.77 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dillard’s’ earnings, with the lowest EPS estimate coming in at $2.74 and the highest estimate coming in at $2.81. Dillard’s reported earnings per share of $2.89 during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.2%. The firm is scheduled to report its next earnings report on Thursday, May 16th.
On average, analysts expect that Dillard’s will report full year earnings of $5.74 per share for the current year, with EPS estimates ranging from $5.50 to $6.22. For the next financial year, analysts expect that the firm will post earnings of $4.77 per share, with EPS estimates ranging from $3.64 to $5.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Dillard’s.
Dillard’s (NYSE:DDS) last announced its earnings results on Monday, February 25th. The company reported $3.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.45. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Dillard’s had a return on equity of 10.22% and a net margin of 2.63%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share.
Several analysts have issued reports on DDS shares. Zacks Investment Research upgraded shares of Dillard’s from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, April 23rd. Bank of America reissued an “underperform” rating and set a $64.00 price objective (up previously from $55.00) on shares of Dillard’s in a report on Tuesday, February 26th. JPMorgan Chase & Co. cut shares of Dillard’s from a “neutral” rating to an “underweight” rating and cut their target price for the company from $68.00 to $57.00 in a report on Monday, March 4th. Wedbush set a $65.00 target price on shares of Dillard’s and gave the company a “positive” rating in a report on Wednesday, February 20th. Finally, ValuEngine cut shares of Dillard’s from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and a consensus price target of $64.00.
In related news, VP Mike Litchford sold 1,060 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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 owns 1,932 shares of the company’s stock, valued at approximately $142,600.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. purchased a new position in Dillard’s in the 1st quarter worth approximately $202,000. Jefferies Group LLC purchased a new position in shares of Dillard’s during the 1st quarter valued at approximately $3,140,000. Oxford Asset Management LLP boosted its stake in shares of Dillard’s by 245.0% during the 1st quarter. Oxford Asset Management LLP now owns 70,692 shares of the company’s stock valued at $5,091,000 after buying an additional 50,202 shares during the last quarter. Ellington Management Group LLC purchased a new position in shares of Dillard’s during the 1st quarter valued at approximately $1,923,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Dillard’s by 6.9% during the 1st quarter. Hsbc Holdings PLC now owns 17,071 shares of the company’s stock valued at $1,230,000 after buying an additional 1,097 shares during the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.
Shares of NYSE DDS traded down $0.57 during trading hours on Wednesday, reaching $63.44. 15,159 shares of the stock were exchanged, compared to its average volume of 320,432. The firm has a market cap of $1.66 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88. The company has a current ratio of 1.90, a quick ratio of 0.26 and a debt-to-equity ratio of 0.34. Dillard’s has a 52 week low of $55.73 and a 52 week high of $98.75.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, March 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, March 28th. Dillard’s’s dividend payout ratio is currently 6.54%.
Dillard’s Company Profile
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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