This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
Dillards reported fiscal third-quarter earnings of 96 cents per share last week, surpassing the Zacks Consensus Estimate of 75 cents and doubling last years earnings of 48 cents. This marked the ninth straight quarter with a positive earnings surprise. The performance was aided by healthy sales performances, gross margin improvement and prudent cost control measures.
Net sales (including CDI Contractors LLC or CDI) increased 4.8% year over year to $1,449.6 million from $1,382.6 million. Merchandise sales, excluding CDI, came in at $1,425 million, compared with $1,366 million. The companys total revenue (including other income) of $1,486.3 million climbed 4.8%. Comparable store sales (comps) were up 5%. The Zacks Consensus Estimate for the quarter was $1,450 million.
Mens apparel and accessories were the outperforming categories, followed by womens accessories, lingerie and shoes. The category that witnessed the lowest sales was home and furniture. Dillards gross margin from retail operations (excluding CDI) expanded 40 basis points (bps) to 37.1%, while consolidated gross margin (including CDI) rose 30 bps to 36.6%.
Earnings Estimates Advancing
The Zacks Consensus Estimate for fiscal 2012 jumped 4.6% to $6.33 per share in the last 7 days, reflecting year-over-year growth of 50.4%. For fiscal 2013, the Zacks Consensus Estimate climbed 9.9% to $7.20 per share over the same time frame, representing a year-over-year increase of 13.7%.
Chart Echoing Strength
Barring a few occasional pull backs, shares of Dillard's have been trending upward since the beginning of the year, and are now hovering close to its 52-week high, reflecting bullish growth momentum for the rest of 2012. The stock has been consistently trading above its 200-day moving average since February 17, 2012. It has also remained above the 50-day moving average since October 31, 2012.
Volume is fairly strong, averaging roughly 443K daily. The year-to-date return for the stock is 87.6% compared with the S&P 500s return of 6.1%.
Founded in 1938 and headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The companys primary product categories are: womens and juniors apparel; shoes; accessories and lingerie; mens clothing and accessories; cosmetics; home; and childrens clothing. Its merchandise mix consists of both branded and private-label items. As of October 27, the company operates 284 outlets and 18 clearance centers and one Internet store across 29 states. Dillard's, which primarily competes with Kohl's Corp. (KSS) and Macy's, Inc. (M), has a market cap of $3.89 billion.
Want More of Our Best Recommendations?
Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential.