- DDS stock price rose around 7.24% in the recent week, while closed at $360.88 with 1.48% of increase.
- DDS shares performed quite well as the department-store chain is defeating trending tech-stocks.
- In the last 6-months price history of DDS stock states that it is high almost 23.23%.
Dillard’s, Inc. (NYSE:DDS) is a department-store chain that operates through the Retail Operations and Construction segments. Dillard’s owns the majority of its stores, which is supporting its balance sheet by keeping lease payment and debt to a minimum. However, the company doesn’t host quarterly conference calls like many large publicly traded companies. Dillard’s has annual sales of around $6.9 billion.
DDS stock price analysis
Dillard’s stock price started trading at the price of $404.48 in the early days of February. Then with small price movement in DDS, its price surged to $417.95 which is also its last month high.
Before its Q4 result announcement, that was on February 21st, the share price of DDS started declining. And at $331.60 the stock marked one-month low, which is the same day of its Q4 results. However, Dillard’s reported net income of $289.2 million for the fourth quarter and net sales were $2.13 billion.
Following the Q4 results, DDS stock seems like it is climbing the mountain slowly. And in between the trading price range of $335 to $360, DDS stock closed at $362.64 on February 28th.
The market cap of Dillard’s is $6.18 billion and EPS TTM is $50.85. The total revenue of DDS for the last quarter is $2.16 billion, which is 37.47% higher compared to the previous quarter. The net income of Q4 22 is $289.20 million. The estimated earnings for the next quarter are $8.96, and revenue is expected to reach $1.52 billion.
Additionally, the technical analysis summary for Dillard’s is currently neutral. Meanwhile, the 1 year forecast of analysts for Dillard’s has a max estimate of $380 and a min estimate of $155.
The Q4 results of Dillard’s cited weaker sales at the start of the quarter and during the holidays, leading to higher markdowns and stronger sales in January. Moreover, Dillard’s plans to shut three locations during the current quarter in Florida, Nebraska, and Arizona.
However, the new store is expected to open in South Dakota by the spring of 2024. Dillard’s seems to be facing challenges that have pressured the other department-store chains.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/03/05/dds-stock-price-soared-more-than-20-in-the-last-6-months/