Analysts Expect Dillard’s (DDS) Will Announce Earnings of $2.73 Per Share

Wall Street brokerages expect Dillard’s (NYSE:DDS) to post earnings per share (EPS) of $2.73 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Dillard’s’ earnings. The lowest EPS estimate is $2.64 and the highest is $2.85. Dillard’s reported earnings per share of $2.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.8%. The firm is expected to issue its next earnings report on Thursday, May 10th.

On average, analysts expect that Dillard’s will report full-year earnings of $5.82 per share for the current financial year, with EPS estimates ranging from $5.64 to $5.96. For the next year, analysts forecast that the company will post earnings of $5.14 per share, with EPS estimates ranging from $4.99 to $5.33. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Dillard’s.

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Dillard’s (NYSE:DDS) last announced its earnings results on Tuesday, February 27th. The company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $1.82 by $1.00. Dillard’s had a net margin of 3.45% and a return on equity of 8.57%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on DDS shares. Zacks Investment Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating and set a $70.00 target price for the company in a research note on Tuesday, December 19th. ValuEngine downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. JPMorgan Chase reiterated an “underweight” rating on shares of Dillard’s in a research note on Tuesday, February 27th. Deutsche Bank increased their target price on shares of Dillard’s from $51.00 to $52.00 and gave the stock a “sell” rating in a research note on Monday, February 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $83.00 target price (up previously from $72.00) on shares of Dillard’s in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $60.25.

In other Dillard’s news, Director James I. Freeman sold 8,357 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $84.05, for a total value of $702,405.85. Following the completion of the transaction, the director now directly owns 270,224 shares of the company’s stock, valued at $22,712,327.20. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 19.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of DDS. Legal & General Group Plc increased its holdings in Dillard’s by 2.3% in the third quarter. Legal & General Group Plc now owns 46,346 shares of the company’s stock valued at $2,602,000 after buying an additional 1,050 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Dillard’s by 9.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 140,795 shares of the company’s stock worth $7,895,000 after purchasing an additional 11,573 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in shares of Dillard’s during the 3rd quarter worth approximately $275,000. Cubist Systematic Strategies LLC purchased a new position in shares of Dillard’s during the 3rd quarter worth approximately $1,226,000. Finally, California Public Employees Retirement System increased its stake in shares of Dillard’s by 4.5% during the 3rd quarter. California Public Employees Retirement System now owns 118,533 shares of the company’s stock worth $6,646,000 after purchasing an additional 5,133 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Shares of DDS traded down $1.20 during mid-day trading on Thursday, hitting $74.29. 297,602 shares of the company’s stock were exchanged, compared to its average volume of 661,989. Dillard’s has a fifty-two week low of $45.51 and a fifty-two week high of $88.51. The company has a market capitalization of $2,177.03, a price-to-earnings ratio of 15.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.26 and a current ratio of 1.66.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 7th. Investors of record on Friday, March 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.40 annualized dividend and a yield of 0.54%. Dillard’s’s dividend payout ratio is currently 8.33%.

Dillard’s declared that its board has initiated a stock repurchase program on Thursday, March 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

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About Dillard’s

Dillard's, Inc operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It operates through two segments, Retail Operations and Construction. 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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