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2014-08-01 00:00:00 UTC
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hhgregg Posts Wider-Than-Expected Q1 Loss, Shares Down 16% - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/hhgregg-posts-wider-than-expected-q1-loss-shares-down-16-analyst-blog-2014-08-01
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nan
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Appliance and electronics retailer, hhgregg, Inc. ( HGG ) again reported weak results in the first quarter of fiscal 2015. The company missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the quarter. Shares declined more than 16% after the earnings release.
hhgregg reported a loss of 36 cents per share in the first quarter of fiscal 2015, wider than the prior year loss of 4 cents per share and the Zacks Consensus Estimate of a loss of 16 cents. The loss was primarily due to double-digit drop in comparable store (comp) sales. An increase in net advertising expense ratio and SG&A ratio also resulted in the decline.
Hhgregg, Inc - Earnings Surprise | FindTheBest
Quarter in Detail
hhgregg's net sales declined 10% year over year to $472.3 million due to a decline in comparable store sales. Net sales also lagged the Zacks Consensus Estimate of $492 million by 4%. Comparable-store sales decreased 10.2% in the quarter due to a fall in comp sales at all its categories. Comp sales had improved 0.8% in the year-ago period.
Adjusted gross margin improved 20 basis points to 29.7% in the quarter owing to a favorable product sales mix shift to product categories carrying higher gross profit margin rates.
However, SG&A expense ratio increased 205 basis points to 24.7% due to an increase in occupancy costs, wage expense and increase in home delivery expenses. Net advertising expense ratio also increased 83 basis points to 5.8% due to the deleveraging effect of the net sales decline and an increase in advertising spend for the new branding campaign.
The increase in SG&A expenses and advertising expenses led to an increase in operating losses. Operating loss margin was 3%, compared with a loss margin of 0.3% in the last year quarter.
Share Repurchase Update
During the quarter, hhgregg repurchased 102,705 shares for $1 million under the company's share repurchase program of $40 million, which will expire on May 20, 2015. At the end of Jun 30, the company had approximately $39.0 million worth of shares available for repurchase under the current share repurchase program.
Category Details
The company reports its business under the following product categories:
Appliances: Comparable store sales in this category declined for the first time, after posting increase in comp sales in the past 11 quarters. Comp sales declined 2% in the current quarter due to a decrease in units sold and a slight decrease in average selling price. Last year, comp sales increased 7.5%.
Computers and Tablets Category: Same store sales in this category declined significantly by 29.5% in the quarter compared with growth of 13.2% in the last year quarter. The decline was due to decreased demand for computers and mobile phones and lower average selling prices for computers, partially offset by higher average selling price for tablets.
Home Products: Same-store sales in this category declined 0.5% in the quarter compared with 84.5% growth in the prior-year quarter. The decline was due to lower demand for ready to assemble television stands and a decrease in sales of mattresses, offset partially by a double-digit increase in sales of sofas, recliners and dinette sets.
Consumer Electronics: Same-store sales of this category declined 18.7% in the quarter, which was worse than a decline 15.0% in the year-ago quarter due to double-digit declines in units sold within the video category. This was slightly offset by an increase in average selling price, which was driven by an increase in sales of larger screen and more premium featured televisions.
Guidance
hhgregg did not provide a guidance for fiscal 2015 as the company is working on its strategic initiatives and is pressurized by continued volatility within the consumer electronics industry. However, the company still expects the second half of the fiscal year 2015 to outperform the first half.
The company expects annual comparable store sales to be negative high single digits to negative mid single digits compared to the previous expectation of negative low-single-digits to flat. Also, the company expects earnings per share in fiscal 2015 to be below the prior-year earnings.
The company also expects to open 2 new stores in fiscal 2015 compared with the prior expectation of opening 2 to 4 new stores during fiscal 2015. Capital expenditures are expected to be in the range of $20 million to $23 million for fiscal 2015. The Zacks Consensus Estimate for fiscal 2015 is pegged at earnings of 12 cents per share.
Our Take
We note that hhgregg has been disappointing its investors over the past one year with sluggish results, particularly due to its consumer electronic category. Revenues or growth in the category has declined due to lower-than-expected margins and declining industry demand for flat screen televisions. Weak promotional activities are also adding to its woes. In addition, lack of innovation in televisions has been severely impacting overall store traffic.
The company also witnessed sluggishness in same-store sales in the computing and wireless category in the last five quarters. The company's home products category is also showing signs of weakness.
However, the company is employing different initiatives to revive its business such as product innovation, shifting focus from one furniture brand to five brands and even exiting underperforming businesses. hhgregg holds a Zacks Rank #2 (Buy).
Another appliance retailer Conn's Inc. ( CONN ) also holds the same rank as hhgregg. Other stocks worth considering in the retail sector include Dillards Inc. ( DDS ) and J.C. Penney Co Inc ( JCP ), both holding a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HHGREGG INC (HGG): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks worth considering in the retail sector include Dillards Inc. ( DDS ) and J.C. Penney Co Inc ( JCP ), both holding a Zacks Rank #2. Click to get this free report HHGREGG INC (HGG): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Appliance and electronics retailer, hhgregg, Inc. ( HGG ) again reported weak results in the first quarter of fiscal 2015.
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Click to get this free report HHGREGG INC (HGG): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the retail sector include Dillards Inc. ( DDS ) and J.C. Penney Co Inc ( JCP ), both holding a Zacks Rank #2. Hhgregg, Inc - Earnings Surprise | FindTheBest Quarter in Detail hhgregg's net sales declined 10% year over year to $472.3 million due to a decline in comparable store sales.
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Other stocks worth considering in the retail sector include Dillards Inc. ( DDS ) and J.C. Penney Co Inc ( JCP ), both holding a Zacks Rank #2. Click to get this free report HHGREGG INC (HGG): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Hhgregg, Inc - Earnings Surprise | FindTheBest Quarter in Detail hhgregg's net sales declined 10% year over year to $472.3 million due to a decline in comparable store sales.
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Other stocks worth considering in the retail sector include Dillards Inc. ( DDS ) and J.C. Penney Co Inc ( JCP ), both holding a Zacks Rank #2. Click to get this free report HHGREGG INC (HGG): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Appliance and electronics retailer, hhgregg, Inc. ( HGG ) again reported weak results in the first quarter of fiscal 2015.
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413280a5-52de-493e-825c-1b8a6b083476
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720001.0
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2014-07-14 00:00:00 UTC
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hhgregg Remains on Track with Store Openings - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/hhgregg-remains-on-track-with-store-openings-analyst-blog-2014-07-14
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hhgregg Inc. ( HGG ) is leaving no stone unturned to revive its struggling business. Initiatives such as product innovation, focus on developing brands, exit from underperforming businesses and store openings are some of the measures taken by the company to boost sales. Most recently, hhgregg opened a store at 9501 Colerain Avenue in Cincinnati's Northgate Mall.
In order to celebrate the new store opening and attract customers, the company will be offering special discounts in all its stores in Cincinnati through Jul 19, 2014 on hhgregg's wide selection of televisions, appliances and electronics, as well as a new selection of wearable technology including the Jawbone Up24 and Samsung Galaxy Gear watch. Also, the first 250 customers visiting the store will receive a $10 hhgregg gift card.
The company always celebrates the opening of its stores and offers great discounts. This is surely an innovative solution to attract customers and drive sales. However, we note that hhgregg has been delivering disappointing results in the consumer electronic category since the past one year due to lower-than-expected margins and declining industry demand for flat screen televisions. Weak promotional activities are also adding to the woes. In addition, lack of innovation in televisions has been severely impacting overall store traffic.
The company has also witnessed sluggishness in same store sales in the computing and wireless category in all the quarters of fiscal 2014. A decline in the demand for laptops and lower average selling price for tablets resulted in weak comps. Category comps declined due to the underperforming contract-based mobile phone business, which the company exited during the fourth quarter.
The company's home products category, which showed signs of weakness during the third quarter declined further in the fourth quarter.
The company is therefore employing different initiatives to revive its business, besides store openings. It recently hired Troy H. Risch as its new chief operating officer (COO), whose experience is expected to help the company execute its initiatives. The company will be increasing focus on its appliance category, which has continued to gain market share over the past 11 quarters. hhgregg has a Zacks Rank #3 (Hold).
A better-ranked consumer electronics retailer is Conn's Inc. ( CONN ) which holds a Zacks Rank #2 (Buy). Some other retailers worth considering include Dillards Inc. ( DDS ) and J. C. Penney Company, Inc. ( JCP ), both with a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some other retailers worth considering include Dillards Inc. ( DDS ) and J. C. Penney Company, Inc. ( JCP ), both with a Zacks Rank #2. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Initiatives such as product innovation, focus on developing brands, exit from underperforming businesses and store openings are some of the measures taken by the company to boost sales.
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Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Some other retailers worth considering include Dillards Inc. ( DDS ) and J. C. Penney Company, Inc. ( JCP ), both with a Zacks Rank #2. In order to celebrate the new store opening and attract customers, the company will be offering special discounts in all its stores in Cincinnati through Jul 19, 2014 on hhgregg's wide selection of televisions, appliances and electronics, as well as a new selection of wearable technology including the Jawbone Up24 and Samsung Galaxy Gear watch.
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Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Some other retailers worth considering include Dillards Inc. ( DDS ) and J. C. Penney Company, Inc. ( JCP ), both with a Zacks Rank #2. Initiatives such as product innovation, focus on developing brands, exit from underperforming businesses and store openings are some of the measures taken by the company to boost sales.
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Some other retailers worth considering include Dillards Inc. ( DDS ) and J. C. Penney Company, Inc. ( JCP ), both with a Zacks Rank #2. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. In order to celebrate the new store opening and attract customers, the company will be offering special discounts in all its stores in Cincinnati through Jul 19, 2014 on hhgregg's wide selection of televisions, appliances and electronics, as well as a new selection of wearable technology including the Jawbone Up24 and Samsung Galaxy Gear watch.
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d95103d7-2268-4a6a-b2d0-e14c776fca65
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720002.0
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2014-07-09 00:00:00 UTC
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ETF Outlook: SPDR S&P Retail ETF (XRT)
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DDS
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https://www.nasdaq.com/articles/etf-outlook-spdr-sp-retail-etf-xrt-2014-07-09
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nan
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nan
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XRT
Exchange Traded Funds or ETFs are portfolios of stocks, bonds or single commodities like Gold or Silver that trade on a stock exchange much the same as a regular stock does.
The first ETFs which began trading in 1993 were SPDRs, or "Spiders," (SPY) which track the Standard and Poor's 500 Index. This was quickly followed by the popular QQQ Nasdaq 100 ETF. These original ETFs were created to track the underlying Index so that investors or traders could participate in a broad market segment but also have more liquidity than with a mutual fund since the ETFs are freely tradable during market hours.
ETFs have expanded to include Sector and Industry Group ETFs as well as more volatile leveraged ETFs. These ETFs also follow an Index but there are now “smart beta” ETFs which seek to provide enhanced returns compared to Index tracking ETFs. ETFs have been the fastest growing investment vehicle for institutional as well as retail investors in recent years – turning from an obscure product at the turn of the century to an almost $2.3 trillion global industry now. ETFs in the U.S. had $1.6 trillion in assets at the end of 2013 – almost 12% of the $13.9 trillion in total assets managed by all mutual funds and ETFs in the country. (Forbes 6/26/14)
Some of the advantages of investing in an ETF include:
ETFs combine the range of a diversified portfolio with the simplicity of trading a single stock
ETFs are passively managed, meaning few adjustments are made to the fund, thus keeping the administrative costs lower
ETF shares are priced and traded continuously throughout the trading day, unlike a mutual fund which is priced only after the market closes, thus an investor has greater flexibility to determine when to buy or sell
For more on ETFs, visit our page about ETFs.
Of particular interest to both individual investors and their advisors are the 9 Select SPDR S&P Sector ETFs and the 20 Select S&P Industry Group ETFs. These ETFs enable investors to zero in on the most attractive segments of the stock market and also enable investors to sidestep underperforming sectors and groups.
The current market rally to new highs provides an excellent opportunity for investors to eliminate weaker performing stocks from their portfolios. One way to identify weak stocks is to start with an underperforming ETF, and identify its weakest constituents. The SPDR S&P Retail ETF (XRT) has been a poor performer since making a double top in January. It has just recently equaled its previous peak while other sectors such as Health Care, Utilities and Technology have spiked up to new highs while leading the market.
The XRT has been a drag on the S&P Select SPDR Consumer Discretionary ETF (XLY) which has been one of the weakest of the 9 Select SPDR Sector ETFs.
The Portfolio Health Check is an excellent tool to help zero in on the weakest stocks in an underperforming ETF like the SPDR S&P Retail ETF (XRT). By looking at the individual component stocks through the lens of the 20 factor Chaikin Power Gauge rating you can easily find the stocks in the underperforming XRT with the weakest potential over the next 3-6 months. These are the stocks to consider selling as the market has spiked up to new highs while the Retail stocks have lagged behind.
In analyzing the XRT components, the Power Bar shows 16 stocks in the XRT with bullish Power Gauge ratings vs. 29 with bearish ratings. This clearly highlights the underlying weakness in the XRT Retail ETF.
The Chaikin Power Grid (see below) maps stocks and industry groups from strong to weak so you can easily determine the best and worst stocks in any ETF. To find the weakest stocks in the XRT, we look to the lower left quadrant of the Power Grid (weak stocks in weak industry groups) where we find the stocks with the poorest potential for price gains over the next 3-6 months. Stocks like Amazon (AMZN), The Fresh Market (TFM) and Walmart (WMT) are singled out as weak. If you own these stocks you should consider selling them. Invest the proceeds in stocks with bullish ratings in strong industry groups or if you want to maintain equity exposure to the Retail Group, find strong stocks in the XRT like Expedia (EXPE), Foot Locker (FL) or Dillard’s (DDS), that have bullish Power Gauge ratings, and thus have positive potential for price appreciation going forward.
Over time, strong stocks in strong industry groups will outperform weak stocks in weak groups.
Plus:
What are ETFs?
Chaikin Portfolio Health Check
Chaikin Power Gauge rating
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Invest the proceeds in stocks with bullish ratings in strong industry groups or if you want to maintain equity exposure to the Retail Group, find strong stocks in the XRT like Expedia (EXPE), Foot Locker (FL) or Dillard’s (DDS), that have bullish Power Gauge ratings, and thus have positive potential for price appreciation going forward. The current market rally to new highs provides an excellent opportunity for investors to eliminate weaker performing stocks from their portfolios. It has just recently equaled its previous peak while other sectors such as Health Care, Utilities and Technology have spiked up to new highs while leading the market.
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Invest the proceeds in stocks with bullish ratings in strong industry groups or if you want to maintain equity exposure to the Retail Group, find strong stocks in the XRT like Expedia (EXPE), Foot Locker (FL) or Dillard’s (DDS), that have bullish Power Gauge ratings, and thus have positive potential for price appreciation going forward. By looking at the individual component stocks through the lens of the 20 factor Chaikin Power Gauge rating you can easily find the stocks in the underperforming XRT with the weakest potential over the next 3-6 months. To find the weakest stocks in the XRT, we look to the lower left quadrant of the Power Grid (weak stocks in weak industry groups) where we find the stocks with the poorest potential for price gains over the next 3-6 months.
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Invest the proceeds in stocks with bullish ratings in strong industry groups or if you want to maintain equity exposure to the Retail Group, find strong stocks in the XRT like Expedia (EXPE), Foot Locker (FL) or Dillard’s (DDS), that have bullish Power Gauge ratings, and thus have positive potential for price appreciation going forward. (Forbes 6/26/14) Some of the advantages of investing in an ETF include: ETFs combine the range of a diversified portfolio with the simplicity of trading a single stock ETFs are passively managed, meaning few adjustments are made to the fund, thus keeping the administrative costs lower ETF shares are priced and traded continuously throughout the trading day, unlike a mutual fund which is priced only after the market closes, thus an investor has greater flexibility to determine when to buy or sell For more on ETFs, visit our page about ETFs. The Portfolio Health Check is an excellent tool to help zero in on the weakest stocks in an underperforming ETF like the SPDR S&P Retail ETF (XRT).
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Invest the proceeds in stocks with bullish ratings in strong industry groups or if you want to maintain equity exposure to the Retail Group, find strong stocks in the XRT like Expedia (EXPE), Foot Locker (FL) or Dillard’s (DDS), that have bullish Power Gauge ratings, and thus have positive potential for price appreciation going forward. (Forbes 6/26/14) Some of the advantages of investing in an ETF include: ETFs combine the range of a diversified portfolio with the simplicity of trading a single stock ETFs are passively managed, meaning few adjustments are made to the fund, thus keeping the administrative costs lower ETF shares are priced and traded continuously throughout the trading day, unlike a mutual fund which is priced only after the market closes, thus an investor has greater flexibility to determine when to buy or sell For more on ETFs, visit our page about ETFs. The Portfolio Health Check is an excellent tool to help zero in on the weakest stocks in an underperforming ETF like the SPDR S&P Retail ETF (XRT).
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0bb3ac03-edc6-4b3b-8ca1-054cd7a85dd7
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720003.0
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2014-06-30 00:00:00 UTC
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Walmart Slashes Price of iPhone 5 - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/walmart-slashes-price-of-iphone-5-analyst-blog-2014-06-30
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nan
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nan
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Reportedly, Wal-Mart Stores, Inc. ( WMT ) has slashed the prices of Apple, Inc. 's ( AAPL ) iPhone 5 models in its stores. Customers can now get the 16 GB iPhone 5s for $99 with a two-year contract, while the 16 GB iPhone 5c will now cost only $29 with a two-year contract.
Prices were slashed further from the already-discounted prices of $149 for 5s and $49 for 5c. In fact, to compel users to purchase iPhones from Walmart stores, it had priced 16 GB iPhone 5s for $189 and 16 GB iPhone 5c for $79 at its launch date in Sep 2013, which was still cheaper than the original price of $199 for 16 GB iPhone 5s and $99 for 16 GB iPhone 5c.
It is gradually becoming a trend to offer discounts at the beginning of the summer months on the latest iPhone models. However, this one is not a running deal. The discounted prices on the model will be permanent and will not increase with the launch of new models. Also, this deal is available only at Walmart.
There is no specific reason for slashing the prices of iPhone models. However, we believe that Walmart might look to clear its inventory of unsold handsets to make room for Apple's latest and greatest devices, as many firms expect the launch of iPhone 6 later this year. It is rumored that the iPhone 6 will have a larger screen and other improved features along with an upgraded processor and hardware.
Walmart has been struggling of late and performed disappointingly in all the four quarters of fiscal 2014 and the first quarter of fiscal 2015. The company is therefore seeking new ways to boost revenue amid macro-economic headwinds like budget-strained customers, reductions in government benefits, higher taxes, tighter credit and higher group healthcare costs.
The move to offer discounted prices on iPhone 5 models is surely going to increase traffic at its stores. Walmart currently holds a Zacks Rank #4 (Sell).
Some better-ranked retailers include Ingles Markets, Inc. ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WAL-MART STORES (WMT): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked retailers include Ingles Markets, Inc. ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. However, we believe that Walmart might look to clear its inventory of unsold handsets to make room for Apple's latest and greatest devices, as many firms expect the launch of iPhone 6 later this year.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Inc. ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Reportedly, Wal-Mart Stores, Inc. ( WMT ) has slashed the prices of Apple, Inc. 's ( AAPL ) iPhone 5 models in its stores.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Inc. ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Reportedly, Wal-Mart Stores, Inc. ( WMT ) has slashed the prices of Apple, Inc. 's ( AAPL ) iPhone 5 models in its stores.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Inc. ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Reportedly, Wal-Mart Stores, Inc. ( WMT ) has slashed the prices of Apple, Inc. 's ( AAPL ) iPhone 5 models in its stores.
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8f46ce2a-f165-48e9-934e-31d95b43c535
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720004.0
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2014-06-25 00:00:00 UTC
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Walmart's Sam's Club Offers Online Booking Service - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/walmarts-sams-club-offers-online-booking-service-analyst-blog-2014-06-25
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nan
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nan
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Retail giant Wal-Mart Stores, Inc. 's ( WMT ) Sam's Club division has launched an online booking service - Sam's Club Travel - to serve the business and leisure travel needs of its members. It has partnered with Tourico Holidays, a worldwide leader in innovative wholesale travel services, in this regard. Tourico's business model aims to provide reasonable deals to its members, even amid rising costs of fuel, flights and accommodations.
Through its SamsClub.com/travel website, Sam's Club members can select their choice of destination or opt for any vacation package and also save on every package selected from an available range of 4,500 worldwide destinations, 90,000 hotels, 150 airlines, 18 car rental brands and 13 cruise lines. The website is user-friendly, hassle-free and does not allow pop-up windows and external sites to interfere.
In addition, members will also have access to the portal's integrated TripAdvisor reviews, real time price comparisons, "Click to Chat" instant member service and secure booking services.
Members can save up to 50% on selected hotels; up to 10% on rental cars; up to 15% on cruises; and up to 25% on attractions and activities. Members can save even more using the new 5-3-1 Sam's Club MasterCard, which is co-branded by MasterCard Inc. ( MA ) (Read: Wal-Mart to Issue Chip-based Credit Cards ). The card will provide 5% cash back on fuel purchases, 3% cash back on travel and dining and 1% cash back on all other purchases.
We believe that Sam's Club has launched its online service at the right time when demand for travel is rising in the U.S., despite increasing cost of travel. According to the U.S. Travel Association, domestic leisure travel is expected to rise 1.7% in 2014 to 1.6 billion trips, while working Americans are expected to take 452 million domestic business travel trips in 2014.
Walmart has been struggling of late and performed disappointingly in all the four quarters of fiscal 2014 and the first quarter of fiscal 2015. The company is therefore seeking new ways to boost revenue amid macro-economic headwinds like budget-strained customers, reductions in government benefits, higher taxes, tighter credit and higher group healthcare costs.
The move to provide online booking service for its members is surely an encouraging step to combat a sluggish revenue environment. Walmart currently holds a Zacks Rank #4 (Sell).
Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MASTERCARD INC (MA): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Click to get this free report MASTERCARD INC (MA): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Tourico's business model aims to provide reasonable deals to its members, even amid rising costs of fuel, flights and accommodations.
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Click to get this free report MASTERCARD INC (MA): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Retail giant Wal-Mart Stores, Inc. 's ( WMT ) Sam's Club division has launched an online booking service - Sam's Club Travel - to serve the business and leisure travel needs of its members.
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Click to get this free report MASTERCARD INC (MA): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). Retail giant Wal-Mart Stores, Inc. 's ( WMT ) Sam's Club division has launched an online booking service - Sam's Club Travel - to serve the business and leisure travel needs of its members.
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Click to get this free report MASTERCARD INC (MA): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ) and Dillard's Inc. ( DDS ), both of them holding a Zacks Rank #2 (Buy). We believe that Sam's Club has launched its online service at the right time when demand for travel is rising in the U.S., despite increasing cost of travel.
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3d218e8d-ea79-4314-90d2-4715a45c1741
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720005.0
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2014-06-25 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for June 26, 2014
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-june-26-2014-2014-06-25
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nan
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nan
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on June 26, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on August 04, 2014. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DDS has paid the same dividend. At the current stock price of $116.53, the dividend yield is .21%.
The previous trading day's last sale of DDS was $116.53, representing a -2.66% decrease from the 52 week high of $119.71 and a 54.14% increase over the 52 week low of $75.60.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $7.19. Zacks Investment Research reports DDS's forecasted earnings growth in 2015 as 15.16%, compared to an industry average of 18.5%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DDS through an Exchange Traded Fund [ETF]?
The following ETF(s) have DDS as a top-10 holding:
PowerShares Dynamic Retail ( PMR )
First Trust Cons. Discret. AlphaDEX ( FXD )
SPDR S&P Retail ETF ( XRT ).
The top-performing ETF of this group is FXD with an increase of 7.27% over the last 100 days. PMR has the highest percent weighting of DDS at 3.37%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2015 as 15.16%, compared to an industry average of 18.5%.
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DDS's current earnings per share, an indicator of a company's profitability, is $7.19. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on June 26, 2014.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DDS was $116.53, representing a -2.66% decrease from the 52 week high of $119.71 and a 54.14% increase over the 52 week low of $75.60. For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS's current earnings per share, an indicator of a company's profitability, is $7.19. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on June 26, 2014.
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78cb16b0-0359-41e3-a659-5e0c4a45544d
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720006.0
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2014-06-20 00:00:00 UTC
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Walmart Remains on Track to Expand E-Commerce Business - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/walmart-remains-on-track-to-expand-e-commerce-business-analyst-blog-2014-06-20
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nan
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nan
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Retail giant Wal-Mart Stores, Inc. 's ( WMT ) e-commerce business has been performing quite well owing to rising demand. The company has already developed price optimization tools, improved its mobile applications and developed a new search engine available on its websites. E-commerce sales grew over 30% to more than $10 billion, including acquisitions in fiscal 2014, and contributed approximately 30 basis points to Walmart's U.S. comps in the fourth quarter of fiscal 2014. Walmart is thus focused on continued enhancements to its e-commerce platform through improved apps.
Reportedly, Walmart ramped up its investments in digital business with the purchase of a mobile app Stylr by its tech team @WalmartLabs. The app allows shoppers to locate clothes in nearby stores. Terms of the deal were not disclosed.
Stylr marks the 13 th acquisition made by the WalmartLabs division in the last three years. This signals the company's increasing focus on integrating the company's online and in-store shopping experiences.
In May, 2014, Walmart's CEO stated that it might buy 3-D printing companies as it believes that the technology could be used in stores and at distribution centers to quickly print new products and speed up shipments. Walmart had also tested 3-D printers at its stores.
In 2013, Walmart acquired four companies - Torbit, OneOps, Tasty Labs and Inkiru - that build tools to compress data and speed up websites. Walmart's acquisition of a 51% interest in Newheight Holdings Ltd, a holding company that owns Chinese Internet retailer Yihaodian in Aug 2012 has strengthened its presence in the Chinese market.
Walmart expects to increase its global e-commerce sales to over $13 billion in fiscal 2015, with continued focus on the U.S., U.K., China and Brazil. The websites in Canada and Mexico are doing well and the company continues to invest in Pangaea, its global technology platform, in order to drive sales across the retail websites in the U.S., the U.K. and Brazil.
Walmart has been struggling of late and performed disappointingly in all the four quarters of fiscal 2014 and the first quarter of fiscal 2015. The company is therefore seeking new ways to boost revenue amid macro-economic headwinds like budget-strained customers, reductions in government benefits, higher taxes, tighter credit and higher group healthcare costs.
The move to expand its e-commerce business will surely help the company to combat a sluggish revenue environment. Walmart currently holds a Zacks Rank #4 (Sell).
Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ), Dillard's Inc. ( DDS ) and The Kroger Co. ( KR ), all of them holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WAL-MART STORES (WMT): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ), Dillard's Inc. ( DDS ) and The Kroger Co. ( KR ), all of them holding a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Reportedly, Walmart ramped up its investments in digital business with the purchase of a mobile app Stylr by its tech team @WalmartLabs.
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Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ), Dillard's Inc. ( DDS ) and The Kroger Co. ( KR ), all of them holding a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Walmart expects to increase its global e-commerce sales to over $13 billion in fiscal 2015, with continued focus on the U.S., U.K., China and Brazil.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ), Dillard's Inc. ( DDS ) and The Kroger Co. ( KR ), all of them holding a Zacks Rank #2 (Buy). E-commerce sales grew over 30% to more than $10 billion, including acquisitions in fiscal 2014, and contributed approximately 30 basis points to Walmart's U.S. comps in the fourth quarter of fiscal 2014.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retailers include Ingles Markets, Incorporated ( IMKTA ), Dillard's Inc. ( DDS ) and The Kroger Co. ( KR ), all of them holding a Zacks Rank #2 (Buy). Walmart expects to increase its global e-commerce sales to over $13 billion in fiscal 2015, with continued focus on the U.S., U.K., China and Brazil.
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ece5c623-f7be-4717-992c-a164741750f1
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720007.0
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2014-06-17 00:00:00 UTC
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Macy's Wins Martha Stewart Case over JC Penney But No Damages - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-wins-martha-stewart-case-over-jc-penney-but-no-damages-analyst-blog-2014-06-17
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nan
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nan
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At last Macy's, Inc. ( M ) has heaved a sigh of relief. Market reports reveal a New York state judgement that J. C. Penney Company, Inc. ( JCP ) had interfered with the exclusive pact between Macy's and Martha Stewart Living Omnimedia Inc. ( MSO ). However, what came as a setback for Macy's was that it was declined claims to any damage or attorney's fees from J. C. Penney due to lack of convincing evidence disclosing that the latter's action has hurt it. On the other hand, the judge asked the companies to settle their issues through a judicial officer or a referee.
Shares of Macy's dipped 0.3% yesterday, while that of department store retailer, J. C. Penney nudged up 0.4%. The biggest gainer among the three retailing companies was Martha Stewart, whose shares jumped 8.5% the day before.
Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. The company claimed that Martha Stewart's agreement to sell certain home and lifestyle merchandise at J. C. Penney's stores violated the exclusive pact that it shared with Martha Stewart. Consequently, it filed a lawsuit in the New York State Supreme Court against Martha Stewart for the breach of contract. It also dragged J. C. Penney to court over the deal.
Macy's and Martha Stewart settled their legal dispute over the latter's deal with J. C. Penney. However, none of the companies disclosed the terms of the agreement. Under a settlement, J. C. Penney was forbidden to sell any products under the Martha Stewart brand but was allowed to sell selected products designed by Martha Stewart under its 'Everyday' label. However, Macy's legal dispute with J. C. Penney was far from over.
Last year in October, J. C. Penney agreed to return the 11 million shares (purchased for $38.5 billion) - which represent a 16% stake - it had acquired at the time of entering the deal with Martha Stewart. After the stock sale, J. C. Penney was no longer part of Martha Stewart's board of directors.
Macy's and J. C. Penney carry a Zacks Rank #3 (Hold) each, while Martha Stewart Living Omnimedia holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MACYS INC (M): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MARTHA STWT LIV (MSO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Market reports reveal a New York state judgement that J. C. Penney Company, Inc. ( JCP ) had interfered with the exclusive pact between Macy's and Martha Stewart Living Omnimedia Inc. ( MSO ).
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Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. Market reports reveal a New York state judgement that J. C. Penney Company, Inc. ( JCP ) had interfered with the exclusive pact between Macy's and Martha Stewart Living Omnimedia Inc. ( MSO ).
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Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. The company claimed that Martha Stewart's agreement to sell certain home and lifestyle merchandise at J. C. Penney's stores violated the exclusive pact that it shared with Martha Stewart.
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Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Market reports reveal a New York state judgement that J. C. Penney Company, Inc. ( JCP ) had interfered with the exclusive pact between Macy's and Martha Stewart Living Omnimedia Inc. ( MSO ).
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bc6a45df-53d1-406a-af67-68023b403b59
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720008.0
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2014-06-16 00:00:00 UTC
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Walmart to Strengthen its Position in India - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/walmart-to-strengthen-its-position-in-india-analyst-blog-2014-06-16
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nan
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nan
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Wal-Mart Stores Inc. ( WMT ) has been trying hard to enter the lucrative market of India. However, Indian regulators have been reluctant to let large foreign retailers such as Walmart build up their presence in the country. Walmart has thus decided to take another route to India and announced the opening of wholesale stores.
Walmart plans to launch its business-to-business e-commerce platform in India in July. The retail giant said that the e-commerce service will be available only for its trader members. The first two Indian cities to have this service will be Lucknow and Hyderabad. Though the company will eventually roll out the service in other cities but that will not be before Jan 2015. The company aims to have 10% of the orders for each store from the website within two years of operation. In fact, Walmart has valued the cash-and-carry business of India at around $50 billion by 2020.
The move to launch an online platform in India will help boost the company's sales. Walmart struggled with declining same-store sales at its U.S. units through fiscal 2014 and even in the first quarter of fiscal 2015. Moreover, the openings will allow the company to strengthen its position in Asia's second-most populous nation - India.
In April, the company announced its plans to open 50 more wholesale stores in India under its Best Price Modern Wholesale banner over the next four to five years. These stores, known as cash-and-carry outlets, will sell directly to small retailers rather than to individuals. The retail giant already has 20 such stores in the country. Walmart also intends to launch online operations for these small traders.
Walmart ventured into India in 2009 in partnership with Bharti Enterprises when the country opened its doors to foreign direct investment in the retail sector. However, things were not rosy for the company as Indian regulators require foreign retailers to procure 30% of their products and services from local small businesses.
In Oct 2013, Walmart decided to terminate the joint venture with Bharti and shelved its plans to open its own retail stores in India. Moreover, Walmart had to suspend its chief executive officer of the joint venture amid lobbying and bribing charges against the company. These hurdles made it difficult for the company to carry out business in India. Walmart could not open a single store in India in 2013, despite plans to open eight during the year.
The Indian government currently allows international companies to open multi-brand retail outlets with an Indian partner owning a minority stake. However, it allows foreign companies to run 100%-owned wholesale chains. India's newly-elected Prime Minister Narendra Modi has indicated that the rules to allow foreign control in all kinds of e-commerce may be eased going forward.
Walmart currently holds a Zacks Rank #3 (Hold).
However, better-ranked stocks in the retail sector include Ingles Markets, Incorporated ( IMKTA ), TheKroger Co. ( KR ) and Dillard's Inc. ( DDS ), all of them carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WAL-MART STORES (WMT): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, better-ranked stocks in the retail sector include Ingles Markets, Incorporated ( IMKTA ), TheKroger Co. ( KR ) and Dillard's Inc. ( DDS ), all of them carrying a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Walmart ventured into India in 2009 in partnership with Bharti Enterprises when the country opened its doors to foreign direct investment in the retail sector.
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However, better-ranked stocks in the retail sector include Ingles Markets, Incorporated ( IMKTA ), TheKroger Co. ( KR ) and Dillard's Inc. ( DDS ), all of them carrying a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. However, better-ranked stocks in the retail sector include Ingles Markets, Incorporated ( IMKTA ), TheKroger Co. ( KR ) and Dillard's Inc. ( DDS ), all of them carrying a Zacks Rank #2 (Buy). Walmart ventured into India in 2009 in partnership with Bharti Enterprises when the country opened its doors to foreign direct investment in the retail sector.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. However, better-ranked stocks in the retail sector include Ingles Markets, Incorporated ( IMKTA ), TheKroger Co. ( KR ) and Dillard's Inc. ( DDS ), all of them carrying a Zacks Rank #2 (Buy). In Oct 2013, Walmart decided to terminate the joint venture with Bharti and shelved its plans to open its own retail stores in India.
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52a291c8-1ede-47f3-b2a5-12aa1bbf0a51
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720009.0
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2014-06-10 00:00:00 UTC
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Updated Research Report on Dillard's - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/updated-research-report-on-dillards-analyst-blog-2014-06-10
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nan
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nan
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On Jun 9, 2014, we issued an updated research report on one of the leading fashion apparel, cosmetics and home furnishings retailers, Dillard's Inc. ( DDS ) following the company's better-than-expected first-quarter fiscal 2014 bottom-line results.
Dillard's started fiscal 2014 on a strong note, wherein adjusted earnings of $2.56 per share for the first quarter increased 6.2% year over year and were above the Zacks Consensus Estimate of $2.38 per share. The company's results benefited from the successful execution of its long-term growth strategies and the strength of its distinguished and varied assortments.
With a positive earnings surprise of 7.1% in the first quarter, the company surpassed the Zacks Consensus Estimate thrice in the trailing 4 quarters. The average earnings surprise for the past 4 quarters is approximately 8%. We expect the company to keep up the positive earnings trend in the years ahead, based on its focus on increasing productivity at the existing stores, developing a unique omni-channel platform and enhancing its domestic presence.
Moreover, we believe that the company's strategy of offering fashion-forward and trendy products has attracted more customers to its stores, as evident from positive comparable store sales (comps) performance in the trailing 14 quarters. Improved comps performance and enhanced e-Commerce capabilities have helped Dillard's post sales growth over the last several quarters.
Other positive traits rooted in the stock include the company's efforts to capitalize on growth opportunities in its brick and mortar stores and e-Commerce business, with a target to retain existing customers and attract new customers. Initiatives to boost sales of physical stores include better branding, focusing on in-trend categories, store remodeling and rewarding store personnel, while its online strategies are focused on enhancing merchandise assortments and effective inventory management.
Despite the aforementioned positive factors, we remain slightly apprehensive about the stock's growth prospect due to the prevailing macroeconomic headwinds and intense competition. Moreover, from valuation perspective, the stock looks quite expensive as it trades at a premium to the industry average, based on forward earnings estimates thereby limiting its upside potential.
Other Stocks to Consider
Currently, Dillard's carries a Zacks Rank #2 (Buy). Some other stocks in the retail space worth considering include American Apparel, Inc. ( APP ), Foot Locker, Inc. ( FL ) and Zumiez Inc. ( ZUMZ ). All of these stocks have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
AMER APPAREL (APP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Jun 9, 2014, we issued an updated research report on one of the leading fashion apparel, cosmetics and home furnishings retailers, Dillard's Inc. ( DDS ) following the company's better-than-expected first-quarter fiscal 2014 bottom-line results. Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report To read this article on Zacks.com click here. We expect the company to keep up the positive earnings trend in the years ahead, based on its focus on increasing productivity at the existing stores, developing a unique omni-channel platform and enhancing its domestic presence.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 9, 2014, we issued an updated research report on one of the leading fashion apparel, cosmetics and home furnishings retailers, Dillard's Inc. ( DDS ) following the company's better-than-expected first-quarter fiscal 2014 bottom-line results. Moreover, we believe that the company's strategy of offering fashion-forward and trendy products has attracted more customers to its stores, as evident from positive comparable store sales (comps) performance in the trailing 14 quarters.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 9, 2014, we issued an updated research report on one of the leading fashion apparel, cosmetics and home furnishings retailers, Dillard's Inc. ( DDS ) following the company's better-than-expected first-quarter fiscal 2014 bottom-line results. Moreover, we believe that the company's strategy of offering fashion-forward and trendy products has attracted more customers to its stores, as evident from positive comparable store sales (comps) performance in the trailing 14 quarters.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 9, 2014, we issued an updated research report on one of the leading fashion apparel, cosmetics and home furnishings retailers, Dillard's Inc. ( DDS ) following the company's better-than-expected first-quarter fiscal 2014 bottom-line results. Moreover, we believe that the company's strategy of offering fashion-forward and trendy products has attracted more customers to its stores, as evident from positive comparable store sales (comps) performance in the trailing 14 quarters.
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6e0d81e7-ae1a-4b6b-a64d-87bf07dfd012
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720010.0
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2014-06-09 00:00:00 UTC
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2 ETFs To Play Retail Sales Data
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DDS
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https://www.nasdaq.com/articles/2-etfs-play-retail-sales-data-2014-06-09
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nan
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nan
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While the pre-summer doldrums have seen stocks slowly grind higher, many investors are looking ahead to key economic data that may provide clues as to the next move in equities.
The relative dearth of major releases this week has everyone's sights set on May retail sales data, which is scheduled to be released Thursday morning.
The consensus estimate for retail sales in May is a gain of 0.70 percent, after April's relatively modest 0.1 percent increase. An actual reading that meets or exceeds those estimates will likely put consumer discretionary and select retail ETFs back in the spotlight, after playing catch-up last month.
While major indices such as the SPDR S&P 500 ETF (NYSE: SPY ) have recently broken out to new highs, the retail sector has significantly lagged the broader market. Fears of overheated spending, coupled with a pullback in risk appetite, have combined to weigh on the returns of these cyclical stocks.\
Related: May ETF Fund Flows: Interest Rates Lead The Way
One look at the Consumer Discretionary Select Sector SPDR (NYSE: XLY ) is all it takes to see that this sector is just barely inching back into positive territory for 2014. In addition, the price of XLY is nearing its March peak, which may provide a level of resistance if new retail data does not support an extension of this recent move.
The SPDR S&P Retail ETF (NYSE: XRT ) is another important index that will be closely watched this week, as well. XRT has nearly $600 million invested in over 100 apparel retail, department store, automotive retail, and internet companies. Top holdings include well-known brands such as Dillards Inc (NYSE: DDS ), Big Lots Inc (NYSE: BIG ) and Supervalue Inc (NYSE: SVU ).
XRT has several underlying stocks in the small and mid-cap arena, which makes this ETF more sensitive to market machinations and economic releases.
Another surge in retail spending may be just what the market is looking for -- to defy expectations of a pullback and continue this run higher. However, disappointing data could ultimately rain on the rally parade, and send investors scurrying for the safety of defensive sectors .
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top holdings include well-known brands such as Dillards Inc (NYSE: DDS ), Big Lots Inc (NYSE: BIG ) and Supervalue Inc (NYSE: SVU ). While the pre-summer doldrums have seen stocks slowly grind higher, many investors are looking ahead to key economic data that may provide clues as to the next move in equities. An actual reading that meets or exceeds those estimates will likely put consumer discretionary and select retail ETFs back in the spotlight, after playing catch-up last month.
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Top holdings include well-known brands such as Dillards Inc (NYSE: DDS ), Big Lots Inc (NYSE: BIG ) and Supervalue Inc (NYSE: SVU ). An actual reading that meets or exceeds those estimates will likely put consumer discretionary and select retail ETFs back in the spotlight, after playing catch-up last month. Fears of overheated spending, coupled with a pullback in risk appetite, have combined to weigh on the returns of these cyclical stocks.\ Related: May ETF Fund Flows: Interest Rates Lead The Way One look at the Consumer Discretionary Select Sector SPDR (NYSE: XLY ) is all it takes to see that this sector is just barely inching back into positive territory for 2014.
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Top holdings include well-known brands such as Dillards Inc (NYSE: DDS ), Big Lots Inc (NYSE: BIG ) and Supervalue Inc (NYSE: SVU ). While major indices such as the SPDR S&P 500 ETF (NYSE: SPY ) have recently broken out to new highs, the retail sector has significantly lagged the broader market. Fears of overheated spending, coupled with a pullback in risk appetite, have combined to weigh on the returns of these cyclical stocks.\ Related: May ETF Fund Flows: Interest Rates Lead The Way One look at the Consumer Discretionary Select Sector SPDR (NYSE: XLY ) is all it takes to see that this sector is just barely inching back into positive territory for 2014.
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Top holdings include well-known brands such as Dillards Inc (NYSE: DDS ), Big Lots Inc (NYSE: BIG ) and Supervalue Inc (NYSE: SVU ). While the pre-summer doldrums have seen stocks slowly grind higher, many investors are looking ahead to key economic data that may provide clues as to the next move in equities. Fears of overheated spending, coupled with a pullback in risk appetite, have combined to weigh on the returns of these cyclical stocks.\ Related: May ETF Fund Flows: Interest Rates Lead The Way One look at the Consumer Discretionary Select Sector SPDR (NYSE: XLY ) is all it takes to see that this sector is just barely inching back into positive territory for 2014.
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55a7d553-174e-4c1c-85a2-5bc39380c06e
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720011.0
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2014-06-02 00:00:00 UTC
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New CEO at Walmart EMEA - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/new-ceo-at-walmart-emea-analyst-blog-2014-06-02
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nan
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nan
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Retail giant Wal-Mart Stores, Inc. ( WMT ) recently announced the appointment of Shelley Broader as the executive vice-president, president and chief executive officer (CEO) of its Europe, the Middle East and Sub-Saharan Africa (EMEA) region. Broader, currently serving as president and CEO of Walmart Canada, will assume her position immediately and will directly report to David Cheesewright, the president and CEO of Walmart International. Walmart will announce the successor of Broader later.
Broader has been associated with the company since 2010 when she joined as chief merchandising officer of Walmart Canada. She was later promoted to the position president and CEO of Walmart Canada in Sep 2011. Broader also has more than 20 years of experience in the North American retail industry which includes key leadership roles at retailers such as Michael's and Hannaford Bros.
Broader, in her new role, will oversee Walmart's retail operations and business development in EMEA and Canada. With her in-depth knowledge of the retail industry, we believe Broader will be perfect for the position. As the CEO of Walmart EMEA, she is expected to employ strategies according to the changing demand scenario in order to enhance the performance of the region.
Of late, the company is not performing well in the international region owing to a difficult economic environment, currency headwinds and changing consumer behavior.. In the recently reported first quarter fiscal 2015, sales of Walmart international declined 1.4%.
The sales decline was higher than a decline of 0.4% in the sequentially preceding quarter due to currency headwinds and sluggish consumer spending environment in both mature and emerging markets. Currency fluctuations impacted international sales by $1.6 billion in the quarter. The economic strains in the U.S. and abroad are likely to pressurize low-income shoppers for the rest of fiscal 2015.
Walmart carries a Zacks Rank #4 (Sell). Other stocks worth considering in the retail sector include Ingles Markets, Inc. ( IMKTA ), The Kroger Co. ( KR ) and Dillards Inc ( DDS ), all with a Zacks Rank #2 (Buy).
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WAL-MART STORES (WMT): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks worth considering in the retail sector include Ingles Markets, Inc. ( IMKTA ), The Kroger Co. ( KR ) and Dillards Inc ( DDS ), all with a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. As the CEO of Walmart EMEA, she is expected to employ strategies according to the changing demand scenario in order to enhance the performance of the region.
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Other stocks worth considering in the retail sector include Ingles Markets, Inc. ( IMKTA ), The Kroger Co. ( KR ) and Dillards Inc ( DDS ), all with a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. In the recently reported first quarter fiscal 2015, sales of Walmart international declined 1.4%.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the retail sector include Ingles Markets, Inc. ( IMKTA ), The Kroger Co. ( KR ) and Dillards Inc ( DDS ), all with a Zacks Rank #2 (Buy). Retail giant Wal-Mart Stores, Inc. ( WMT ) recently announced the appointment of Shelley Broader as the executive vice-president, president and chief executive officer (CEO) of its Europe, the Middle East and Sub-Saharan Africa (EMEA) region.
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Other stocks worth considering in the retail sector include Ingles Markets, Inc. ( IMKTA ), The Kroger Co. ( KR ) and Dillards Inc ( DDS ), all with a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. She was later promoted to the position president and CEO of Walmart Canada in Sep 2011.
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a4eb7b4c-09c0-4ddc-bc1b-3d7753f3d033
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720012.0
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2014-05-28 00:00:00 UTC
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Can The Uptrend Continue for Dillard's (DDS)? - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/can-the-uptrend-continue-for-dillards-dds-tale-of-the-tape-2014-05-28
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nan
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nan
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Investors certainly have to be happy with Dillard's, Inc. ( DDS ) and its short term performance. After all, the stock has jumped by 11.9% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DDS?
While we can never know for sure, it is pretty encouraging that estimates for DDS have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
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DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors certainly have to be happy with Dillard's, Inc. ( DDS ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DDS? While we can never know for sure, it is pretty encouraging that estimates for DDS have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Dillard's, Inc. ( DDS ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DDS?
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While we can never know for sure, it is pretty encouraging that estimates for DDS have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Dillard's, Inc. ( DDS ) and its short term performance.
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Investors certainly have to be happy with Dillard's, Inc. ( DDS ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DDS? While we can never know for sure, it is pretty encouraging that estimates for DDS have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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66a21783-f217-4192-902f-9c565d85ff6a
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720013.0
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2014-05-19 00:00:00 UTC
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Dillard's (DDS) is in Overbought Territory: What's Next? - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/dillards-dds-is-in-overbought-territory%3A-whats-next-tale-of-the-tape-2014-05-19
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nan
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nan
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Dillard's, Inc. ( DDS ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 74.49.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet DDS's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Dillard's stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of DDS's prospects for the near term.
Over the past two months, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for DDS has also been on a downward trend over the same time period too, as the estimate has fallen from $7.94/share two months ago to just $7.83/share today.
If this wasn't enough, Dillard's also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Factors Yet DDS's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Dillard's stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of DDS's prospects for the near term. Dillard's, Inc. ( DDS ) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. ( DDS ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 74.49.
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Other Factors Yet DDS's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Dillard's stock as of late. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. ( DDS ) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Other Factors Yet DDS's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Dillard's stock as of late. Dillard's, Inc. ( DDS ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 74.49.
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495d6cfd-0703-42ac-be9d-95222b74e374
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720014.0
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2014-05-19 00:00:00 UTC
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Nordstrom Looks Impressive, Hits 52-Week High - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/nordstrom-looks-impressive-hits-52-week-high-analyst-blog-2014-05-19
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nan
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nan
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Shares of upscale department store operator, Nordstrom Inc. ( JWN ) have been trending up since Feb 2014 and hit a 52-week high of $70.71 on May 16, before eventually closing at $70.55 recording a year-over-year return of 17.8%.
Shares have been gaining momentum since the company posted better-than-expected first-quarter 2014 results. Nordstrom's earnings of 72 cents per share not only came ahead of its own guidance range of 60-70 cents, but also surpassed the Zacks Consensus Estimate of 67 cents. Following the results, the company's shares have soared 14.7% to date.
Results were aided by the company's customer strategy, reflecting growth across channels along with efficient inventory and expense management. Moreover, total revenue jumped 6.6% to $2,931 million, beating the Zacks Consensus Estimate of $2,877 million and its own 3.5-5.5% growth guidance.
The year-over-year increase in revenue was primarily led by strong performance at its stores open for at least one year, new store openings as well as a robust online retail performance. Nordstrom's focus on store expansion is evident from the series of Rack store openings since the beginning of 2013.
Also, recently the company launched a new mobile app and an online site named nordstromrack.com on its common platform with its wholly owned subsidiary, HauteLook. This seamless mobile and Internet experience will bring together two profitable businesses of the company under a single roof and enrich customers' experiences by providing them solid offerings at attractive prices.
These moves underscore Nordstrom's commitment to strengthen the retail network to drive top-line growth. It also highlights the company's inherent growth prospects and in turn makes investors constructive of the stock.
Nordstrom currently has long-term earnings growth rate expectations of 10.2%. Apart from Nordstrom, The Kroger Co. ( KR ), Dillard's Inc. ( DDS ) and Mallinckrodt plc ( MNK ) also hit 52-week highs of $47.12, $111.73 and $79.6, respectively on the day.
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DILLARDS INC-A (DDS): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
MALLINCKRODT PL (MNK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apart from Nordstrom, The Kroger Co. ( KR ), Dillard's Inc. ( DDS ) and Mallinckrodt plc ( MNK ) also hit 52-week highs of $47.12, $111.73 and $79.6, respectively on the day. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report MALLINCKRODT PL (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of upscale department store operator, Nordstrom Inc. ( JWN ) have been trending up since Feb 2014 and hit a 52-week high of $70.71 on May 16, before eventually closing at $70.55 recording a year-over-year return of 17.8%.
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Apart from Nordstrom, The Kroger Co. ( KR ), Dillard's Inc. ( DDS ) and Mallinckrodt plc ( MNK ) also hit 52-week highs of $47.12, $111.73 and $79.6, respectively on the day. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report MALLINCKRODT PL (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report MALLINCKRODT PL (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from Nordstrom, The Kroger Co. ( KR ), Dillard's Inc. ( DDS ) and Mallinckrodt plc ( MNK ) also hit 52-week highs of $47.12, $111.73 and $79.6, respectively on the day. Nordstrom's earnings of 72 cents per share not only came ahead of its own guidance range of 60-70 cents, but also surpassed the Zacks Consensus Estimate of 67 cents.
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Apart from Nordstrom, The Kroger Co. ( KR ), Dillard's Inc. ( DDS ) and Mallinckrodt plc ( MNK ) also hit 52-week highs of $47.12, $111.73 and $79.6, respectively on the day. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report MALLINCKRODT PL (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Nordstrom's earnings of 72 cents per share not only came ahead of its own guidance range of 60-70 cents, but also surpassed the Zacks Consensus Estimate of 67 cents.
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ff3e7eab-05a1-42b3-8d14-2f7941c9607a
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720015.0
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2014-05-17 00:00:00 UTC
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Number-Focused Robert Olstein Reports Top Five of Q1
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DDS
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https://www.nasdaq.com/articles/number-focused-robert-olstein-reports-top-five-q1-2014-05-17
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nan
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nan
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Robert Olstein is the chairman and chief investment officer of the Olstein Financial Fund. Olstein selects stocks by looking behind the numbers. He emphasizes a detailed look behind the numbers of a company's financial statement to assess the company's financial strength and assess potential downside risk. To be considered for his selection, a company must generate more cash flow than necessary to sustain the business, avoid aggressive accounting practices, demonstrate balance sheet fundamentals that are consistent with his defense first approach and be selling at a discount to the private market value.
Over the past quarter Olstein purchased 16 new stocks bringing his total to 129 stocks valued at $731 million. The following five companies represent Olstein's top five stock holdings.
Ken Fisher Undervalued Stocks
Ken Fisher Top Growth Companies
Ken Fisher High Yield stocks
George Soros Undervalued Stocks
George Soros Top Growth Companies
George Soros High Yield stocks
Robert Olstein Undervalued Stocks
Robert Olstein Top Growth Companies
Robert Olstein High Yield stocks
Legg Mason ( LM )
Robert Olstein 's largest holding over the past quarter was in Legg Mason where he held on to 275,800 shares of the company's stock. This position makes up for 1.9% of his total portfolio as well as 0.22% of the company's shares outstanding.
During the first quarter Olstein reduced his position -15.76% by selling a total of 51,600 shares of the company's stock. He sold these shares near the estimated average quarterly price of $44.53 per share, and from this average price, the price per share is trading up about 6.2%.
Olstein's historical holding history:
Legg Mason, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. It offers these products and services directly and through various financial intermediaries.
Legg Mason's historical revenue and net income:
The analysis on Legg Mason reports that the company's revenue has been in decline over the past five years, its dividend yield is near a 2-year low and its price is near a 5-year high.
As of the most recent data reported, there are 13 gurus holding on to a position in Legg Mason. Check out their holdings here.
The Peter Lynch Chart suggests that the company is currently overvalued :
Legg Mason has a market cap of $5.73 billion. Its shares are currently trading at around $48.10 with a P/S ratio of 2.20 and a P/B ratio of 1.10.
Dillards ( DDS )
Olstein's second largest holding goes to Dillard's where he owns 150,000 shares of the company's stock. His position in the company makes up for 1.9% of his total assets managed as well as 0.46% of the company's shares outstanding.
During the past quarter Olstein increased his holdings 31.58% by purchasing 36,000 shares of the company's stock. He bought these shares near the average first quarter price of $90.48 per share. Since then the price per share has increased approximately 22.7%.
Olstein's historical holding history:
Dillard's operates as fashion apparel, cosmetic and home furnishing retailer. It also operates a general contracting construction company, CDI Contractors, LLC and CDI Contractors, Inc., whose business includes constructing and remodeling stores of the Company.
Dillard's historical revenue and earnings growth:
The analysis on Dillard's reports that the company has a high Piotroski F-Score, indicating a healthy situation for the company, and it also notes that the company's price and P/B ratio are both trading at near 10-year highs.
The Peter Lynch Chart suggests that the company is currently undervalued :
Dillard's has a market cap of $4.88 billion. Its shares are currently trading at around $110.00 with a P/E ratio of 15.80, a P/S ratio of 0.60 and a P/B ratio of 2.20. The company had an annual average earnings growth of 33.30% over the past five years.
Macy's ( M )
The guru's third largest holding goes to Macy's where he holds on to 218,000 shares of the company's stock. This position makes up for 1.8% of his total holdings as well as 0.06% of the company's shares outstanding.
During the first quarter Olstein cut his stake -0.15% by purchasing 5,000 shares of Macy's. He sold these shares at around the average quarterly price of $55.60 per share. Since then the price per share has jumped up approximately 4.3%.
Olstein's holding history as of the first quarter:
Macy's is an omnichannel retail store that sells a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's historical revenue and net income:
The analysis on Macy's reports that the company's Piotroski F-Score is high, indicating a healthy situation for the company, and that the company's price and P/B ratio are both trading near a 10-year high.
Check out the gurus with ownership in Macy's stock .
The Peter Lynch Chart suggests that the company is currently undervalued :
Macy's has a market cap of $21.31 billion. Its shares are currently trading at around $58.07 with a P/E ratio of 14.80, a P/S ratio of 0.80 and a P/B ratio of 3.70. The dividend yield of Macy's is currently at 1.70%.
International Game Technology (IGT)
Robert Olstein's fourth largest position is in International Game Technology where he holds on to 854,000 shares of the company's stock. This holding makes up for 1.6% of the guru's total portfolio holdings as well as 0.32% of the company's shares outstanding.
During the first quarter Olstein upped his holdings 41.81% by purchasing 251,800 shares of the company's stock. He bought these stocks near the average quarterly price of $15.47 per share. From this average price the price per share has dropped -19.8%.
Olstein's historical holding history:
International Game Technology is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and systems products. IGT has two revenue streams within each business segment gaming operations and product sales.
International Game Technology's historical revenue and net income:
The analysis on International Game Technology reports that the company's Piotroski F-Score is high, its dividend yield is near a 3-year high and its P/S and P/B ratios are trading at historic lows.
As of the most updated data there are eleven gurus holding a position in International Game Technology, check out their holding histories here.
The Peter Lynch Chart suggests that the company is currently undervalued :
International Game Technology has a market cap of $3.57 billion. Its shares are currently trading at around $14.49 with a P/E ratio of 14.20, a P/S ratio of 1.60 and a P/B ratio of 3.10. The company had an annual average earnings growth of 4.70% over the past five years.
Vitamin Shoppe ( VSI )
Olstein's fifth largest position is in Vitamin Shoppe where he holds on to 225,000 shares of the company's stock. This position makes up for 1.5% of his total portfolio and 0.74% of the company's shares outstanding.
Over the past quarter the guru upped his holdings 36.36% by purchasing 60,000 shares of the company's stock. He bought these near the estimated average quarterly price of $45.81. Since then the price per share has dropped approximately -5.4%.
Olstein's historical holding history:
Vitamin Shoppe is a specialty retailer and direct marketer of vitamins, minerals, herbs, specialty supplements, sports nutrition and other health and wellness products.
Vitamin Shoppe's historical revenue and net income:
The analysis on Vitamin Shoppe reports that the company holds no debt and its operating margin is expanding. It also notes that the company's price, P/E ratio, P/S ratio, and P/B ratio are all trading at historic lows.
Vitamin Shoppe has a market cap of $1.33 billion. Its shares are currently trading at around $43.35 with a P/E ratio of 20.00 and a P/S ratio of 1.20. The company had an annual average earnings growth of 9.90% over the past five years.
Check out Robert Olstein's complete portfolio here.
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About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillards ( DDS ) Olstein's second largest holding goes to Dillard's where he owns 150,000 shares of the company's stock. To be considered for his selection, a company must generate more cash flow than necessary to sustain the business, avoid aggressive accounting practices, demonstrate balance sheet fundamentals that are consistent with his defense first approach and be selling at a discount to the private market value. Olstein's historical holding history: Dillard's operates as fashion apparel, cosmetic and home furnishing retailer.
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Dillards ( DDS ) Olstein's second largest holding goes to Dillard's where he owns 150,000 shares of the company's stock. Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks Legg Mason ( LM ) Robert Olstein 's largest holding over the past quarter was in Legg Mason where he held on to 275,800 shares of the company's stock. Macy's historical revenue and net income: The analysis on Macy's reports that the company's Piotroski F-Score is high, indicating a healthy situation for the company, and that the company's price and P/B ratio are both trading near a 10-year high.
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Dillards ( DDS ) Olstein's second largest holding goes to Dillard's where he owns 150,000 shares of the company's stock. Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks Legg Mason ( LM ) Robert Olstein 's largest holding over the past quarter was in Legg Mason where he held on to 275,800 shares of the company's stock. Dillard's historical revenue and earnings growth: The analysis on Dillard's reports that the company has a high Piotroski F-Score, indicating a healthy situation for the company, and it also notes that the company's price and P/B ratio are both trading at near 10-year highs.
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Dillards ( DDS ) Olstein's second largest holding goes to Dillard's where he owns 150,000 shares of the company's stock. Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks Legg Mason ( LM ) Robert Olstein 's largest holding over the past quarter was in Legg Mason where he held on to 275,800 shares of the company's stock. During the first quarter Olstein reduced his position -15.76% by selling a total of 51,600 shares of the company's stock.
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7d2f2333-8fe4-4c21-8fd3-74cef75f831a
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720016.0
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2014-05-16 00:00:00 UTC
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Dillard's Q1 Earnings Beat Ests - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-q1-earnings-beat-ests-analyst-blog-2014-05-16
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nan
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nan
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Leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. ( DDS ) reported better-than-expected first-quarter fiscal 2014 results, wherein adjusted earnings of $2.56 per share increased 6.2% year over year and were above the Zacks Consensus Estimate of $2.38 per share.
Sales & Comps
Dillard's net sales (including CDI Contractors LLC or CDI) decreased 3.4% year over year to $1,551.3 million in the quarter, improving marginally from the earlier year figure of $1,549.1 million. Merchandise sales, excluding CDI, came in at $1,539 million compared with $1,530 million last year.
The company's total revenue (including service charges and other income) of $1,588.5 million reflected a marginal decline from the year-ago quarter period revenue $1,589.4 million and was lower than the Zacks Consensus Estimate of $1,604 million.
Merchandise comparable store sales (comps) for the thirteen-week period ended May 3, 2014 were up 2% from the thirteen-week period ended May 4, 2013.
During the quarter, the outperforming categories were men's apparel and accessories. This was followed by strong performances at juniors' and children's apparel and then the ladies' accessories and lingerie category. However, lowest sales in the quarter were at the home and furniture categories. The best performing region was Central, followed by the Eastern and Western regions, respectively.
Operating Results
In the quarter, consolidated gross margin remained flat at 39.5%, while gross margin from retail operations (excluding CDI) contracted 14 basis points (bps). The year-over-year contraction in retail gross margin was primarily due to higher markdowns.
Dillard's operating expenses for the quarter increased 0.9% to $393.7 million from $390.2 million in the prior-year, primarily due to higher selling payroll offset by reduced advertising expense. Operating expenses as a percentage of sales contracted 20 bps to 25.4% in the quarter.
Other Financial Details
Dillard's ended the quarter with cash and cash equivalents of $312.1 million compared with $156.0 million at the end of first quarter last year. As of May 3, 2013, the company's long-term debt and capital leases improved marginally to $621.3 million from $622.1 million as of May 4, 2013.
In the first three months of fiscal 2014, the company's net cash flow from operations was $161.9 million compared with $136.9 million the previous year.
During the quarter Dillard's bought back 0.7 million shares worth about $65.9 million at a price of $89.34 per share. Currently, the company has about $224.5 million remaining under its ongoing share repurchase authorization.
Store Update
As of May 3, 2014, Dillard's had about 278 namesake outlets and 18 clearance centers operating in 29 states and an online store at www.dillards.com. Dillard's total square footage as of May 3, 2014 was 50.5 million.
Fiscal 2014 Outlook
Dillard's expects fiscal 2014 depreciation and amortization expenses to be about $255 million while rentals are projected at approximately $26 million. Net interest and debt expenses are expected to be nearly $61 million.
Moreover, the company expects to spend about $150 million toward capital expenditure in fiscal 2014, compared with $95 million spent in fiscal 2013.
Other Stocks to Consider
Currently, Dillard's holds a Zacks Rank #4 (Sell). Some better-ranked stocks in the retail industry include Citi Trends Inc. ( CTRN ), American Apparel Inc. ( APP ) and Foot Locker Inc. ( FL ). Of these, Citi Trends has a Zacks Rank #1 (Strong Buy) while American Apparel and Foot Locker carry a Zacks Rank #2 (Buy).
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AMER APPAREL (APP): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. ( DDS ) reported better-than-expected first-quarter fiscal 2014 results, wherein adjusted earnings of $2.56 per share increased 6.2% year over year and were above the Zacks Consensus Estimate of $2.38 per share. Click to get this free report AMER APPAREL (APP): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. This was followed by strong performances at juniors' and children's apparel and then the ladies' accessories and lingerie category.
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Click to get this free report AMER APPAREL (APP): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. ( DDS ) reported better-than-expected first-quarter fiscal 2014 results, wherein adjusted earnings of $2.56 per share increased 6.2% year over year and were above the Zacks Consensus Estimate of $2.38 per share. Some better-ranked stocks in the retail industry include Citi Trends Inc. ( CTRN ), American Apparel Inc. ( APP ) and Foot Locker Inc. ( FL ).
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Click to get this free report AMER APPAREL (APP): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. ( DDS ) reported better-than-expected first-quarter fiscal 2014 results, wherein adjusted earnings of $2.56 per share increased 6.2% year over year and were above the Zacks Consensus Estimate of $2.38 per share. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) decreased 3.4% year over year to $1,551.3 million in the quarter, improving marginally from the earlier year figure of $1,549.1 million.
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Leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. ( DDS ) reported better-than-expected first-quarter fiscal 2014 results, wherein adjusted earnings of $2.56 per share increased 6.2% year over year and were above the Zacks Consensus Estimate of $2.38 per share. Click to get this free report AMER APPAREL (APP): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) decreased 3.4% year over year to $1,551.3 million in the quarter, improving marginally from the earlier year figure of $1,549.1 million.
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f75c4c2b-0196-4fb2-a940-18d228f1afa0
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720017.0
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2014-05-16 00:00:00 UTC
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How traders are hedging Dillard's
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DDS
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https://www.nasdaq.com/articles/how-traders-are-hedging-dillards-2014-05-16
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nan
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nan
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Dillard's has been powering higher, but one investor apparently wants a hedge.
optionMONSTER's Depth Charge monitoring system detected the purchase of 2,000 June 95 puts for $3.70 yesterday. Equal-sized blocks were sold at the same time in the June 90 puts for $1.60 and the June 105 calls for $1.30. Volume was more than 10 times open interest at all three strikes, which indicates that new positions were initiated.
The trade paid $0.80 on the strategy, which is selling calls to help offset the cost of a put spread . The position will inflate to $5 if the department-store operator closes at $90 or less on expiration. The short calls compel the investor to sell shares for $105 if they go above that level, but the trader is probably already long and wants the options for protection. (See our Education section)
DDS fell 1.91 percent to $96.60 yesterday but is still up 6 percent in the last month. The department-store operator has been steadily advancing on strong sales growth and pushed above $100 for the first time ever two weeks ago.
Overall option volume was 7 times greater than average in the session, with the three-way trade accounting for almost 60 percent of the total.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(See our Education section) DDS fell 1.91 percent to $96.60 yesterday but is still up 6 percent in the last month. The short calls compel the investor to sell shares for $105 if they go above that level, but the trader is probably already long and wants the options for protection. The department-store operator has been steadily advancing on strong sales growth and pushed above $100 for the first time ever two weeks ago.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (See our Education section) DDS fell 1.91 percent to $96.60 yesterday but is still up 6 percent in the last month. Equal-sized blocks were sold at the same time in the June 90 puts for $1.60 and the June 105 calls for $1.30.
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(See our Education section) DDS fell 1.91 percent to $96.60 yesterday but is still up 6 percent in the last month. Equal-sized blocks were sold at the same time in the June 90 puts for $1.60 and the June 105 calls for $1.30. The short calls compel the investor to sell shares for $105 if they go above that level, but the trader is probably already long and wants the options for protection.
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(See our Education section) DDS fell 1.91 percent to $96.60 yesterday but is still up 6 percent in the last month. Equal-sized blocks were sold at the same time in the June 90 puts for $1.60 and the June 105 calls for $1.30. The trade paid $0.80 on the strategy, which is selling calls to help offset the cost of a put spread .
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ba8e40a7-86f5-454d-9791-f468e3ac6386
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720018.0
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2014-05-16 00:00:00 UTC
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Friday Sector Leaders: Department Stores, Textiles
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DDS
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https://www.nasdaq.com/articles/friday-sector-leaders-department-stores-textiles-2014-05-16
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nan
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nan
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In trading on Friday, department stores shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Dillard's ( DDS ), up about 14.8% and shares of J.C. Penney ( JCP ) up about 12.4% on the day.
Also showing relative strength are textiles shares, up on the day by about 1.2% as a group, led by Kingold Jewelry ( KGJI ), trading up by about 27.5% and Carter's ( CRI ), trading up by about 1.8% on Friday.
VIDEO: Friday Sector Leaders: Department Stores, Textiles
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Dillard's ( DDS ), up about 14.8% and shares of J.C. Penney ( JCP ) up about 12.4% on the day. In trading on Friday, department stores shares were relative leaders, up on the day by about 1.9%. Also showing relative strength are textiles shares, up on the day by about 1.2% as a group, led by Kingold Jewelry ( KGJI ), trading up by about 27.5% and Carter's ( CRI ), trading up by about 1.8% on Friday.
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Leading the group were shares of Dillard's ( DDS ), up about 14.8% and shares of J.C. Penney ( JCP ) up about 12.4% on the day. In trading on Friday, department stores shares were relative leaders, up on the day by about 1.9%. VIDEO: Friday Sector Leaders: Department Stores, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Dillard's ( DDS ), up about 14.8% and shares of J.C. Penney ( JCP ) up about 12.4% on the day. Also showing relative strength are textiles shares, up on the day by about 1.2% as a group, led by Kingold Jewelry ( KGJI ), trading up by about 27.5% and Carter's ( CRI ), trading up by about 1.8% on Friday. VIDEO: Friday Sector Leaders: Department Stores, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Dillard's ( DDS ), up about 14.8% and shares of J.C. Penney ( JCP ) up about 12.4% on the day. In trading on Friday, department stores shares were relative leaders, up on the day by about 1.9%. VIDEO: Friday Sector Leaders: Department Stores, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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cd40376d-4831-429d-97bd-2c96ae7c8d1c
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720019.0
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2014-05-14 00:00:00 UTC
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V.F. Corp. Soars to a New 52-Week High - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/v.f.-corp.-soars-to-a-new-52-week-high-analyst-blog-2014-05-14
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nan
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nan
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Shares of V.F. Corporation ( VFC ) touched a new 52-week high of $63.99 on Tuesday, May 13, 2014 and eventually closed trade at $63.54. The stock has been gaining momentum since reporting upbeat earnings results for the first quarter of 2014 last month. Moreover, this global apparel retailer has amassed a year-over-year return of 37.6%. Average volume of shares traded over the last 3 months was approximately 2.3 million.
The upsurge in the stock price also reflects the company's positive earnings momentum. We have observed that V.F. Corp. has beaten the Zacks Consensus Estimate in 17 of the past 18 quarters, registering an average positive surprise of 8.9%. In the last concluded quarter, earnings per share outdid the Zacks Consensus Estimate by 4.7%. The company also provided an impressive guidance for fiscal 2014.
Adjusted earnings of 67 cents per share surged 12% year over year and came in ahead of the Zacks Consensus Estimate of 64 cents per share. Results mainly benefited from a sustained performance from the company's Outdoor & Action Sports business of brands such as The North Face, Vans and Timberland. Additionally, gross margin improvement in every segment boosted earnings.
V.F. Corp.'s total revenue of $2,780.8 million grew nearly 6.5% year over year on the back of double-digit revenue growth at its Outdoor & Action Sports, international as well as direct-to-consumer businesses. Moreover, reported sales surpassed the Zacks Consensus Estimate of $2,765 million.
Furthermore, the company seems confident about 2014, mainly on the back of its strong brand portfolio. For 2014, it envisions delivering results at the high end of its previously stated guidance of a 7-8% increase in revenues, considering favorable growth in all its coalitions. For the second quarter, the company expects revenue growth to be similar to the first-quarter level, driven by continued strength at the Outdoor & Action Sports coalition.
Based on the marginally higher-than-expected earnings results for the first quarter, the company now projects adjusted earnings for 2014 to rise 13% year over year to $3.06 per share. Previously, the company had projected earnings in the band of $3.00-$3.05 per share, representing 11-13% growth.
Looking at the company's valuation we note that the stock is expensive, trading at a forward price-earnings ratio (P/E) of 20.6x, a 19.8% premium to the peer group average of 17.2x. However, the Zacks Rank #2 (Buy) company's long-term estimated earnings per share growth rate of 13.5% is higher than the peer group growth rate of 12.8%, which justifies its lofty valuation. Also, the last traded price is nearly 6.2% below the Zacks Consensus average analyst price target of $67.73, which indicates that there is sufficient upside potential for the stock.
Apart from V.F. Corp., other retail stocks such as Rite Aid Corp. ( RAD ), Foot Locker Inc. ( FL ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $8.02, $49.63 and $100.63, respectively, on May 13, 2014.
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DILLARDS INC-A (DDS): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
V F CORP (VFC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Corp., other retail stocks such as Rite Aid Corp. ( RAD ), Foot Locker Inc. ( FL ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $8.02, $49.63 and $100.63, respectively, on May 13, 2014. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. Results mainly benefited from a sustained performance from the company's Outdoor & Action Sports business of brands such as The North Face, Vans and Timberland.
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Corp., other retail stocks such as Rite Aid Corp. ( RAD ), Foot Locker Inc. ( FL ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $8.02, $49.63 and $100.63, respectively, on May 13, 2014. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. Corp., other retail stocks such as Rite Aid Corp. ( RAD ), Foot Locker Inc. ( FL ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $8.02, $49.63 and $100.63, respectively, on May 13, 2014. Adjusted earnings of 67 cents per share surged 12% year over year and came in ahead of the Zacks Consensus Estimate of 64 cents per share.
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Corp., other retail stocks such as Rite Aid Corp. ( RAD ), Foot Locker Inc. ( FL ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $8.02, $49.63 and $100.63, respectively, on May 13, 2014. Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. In the last concluded quarter, earnings per share outdid the Zacks Consensus Estimate by 4.7%.
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90807c6f-e8b9-4256-ba9b-6e911e010afa
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720020.0
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2014-04-08 00:00:00 UTC
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AEO - GE Credit Card Deal Extended - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/aeo-ge-credit-card-deal-extended-analyst-blog-2014-04-08
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nan
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nan
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Leading apparel and accessories retailer, American Eagle Outfitters Inc. ( AEO ) extended its deal with GE Capital Retail Bank, the retail financing wing of General Electric Company 's ( GE ) GE Capital division, to finance its credit card program in the long term. Per the deal, GE Capital Retail Bank will provide private label credit cards to American Eagle customers for the next 7 years.
The company's private label credit cards program, which originated in 1996, extends to shoppers who will purchase either online, through a mobile app or in-store at any of its 856 American Eagle Outfitter and 115 Aerie outlets across the U.S.
The American Eagle Outfitters and Aerie credit cards provide ease of shopping to customers while adding value, enabling cardholders to avail 15% discount on new accounts, $10 Extra Savings coupons and access to four exclusive cardholder events every year. Customers can apply for these credit cards both in-store and through their mobile devices as well as manage their accounts from their mobile phones using the American Eagle Outfitters mobile app.
GE Capital's retail financing division offers consumer financing and industry expertise to many primary retailers and numerous small- and mid-size businesses and healthcare practices in the U.S. The division also assists retailers and business houses regarding online program management tools; loyalty solutions; and research and insight into consumer buying trends and the purchase journey.
Though the deal extension with GE Capital Retail Bank seems to be a positive, markets did not acknowledge the company's move and the shares of this Zacks Rank #4 (Sell) company continued its downward trend hitting a 52 week low of $11.60 on Apr 7, 2014, before closing at $11.68. The closing price on the day marked a 7.89% downside from the previous day's trade and a 20.7% decline year-to-date.
Further, the shares of this Pittsburgh, PA-based company have lost 17.8% since the announcement of the dismal earnings results on Mar 11, 2014. American Eagle reported disappointing fourth quarter and fiscal 2013 results, wherein its top and bottom lines declined from the prior-year numbers. Results were impacted by lower sales and weak merchandise margins, partially offset by effective cost management. Battered by the dismal results and harsh winter weather, the company came up with a bleak outlook for the first quarter of fiscal 2014.
In a similar move earlier this month, Dillard's Inc. ( DDS ) and Wells Fargo & Company ( WFC ) formed a pact, wherein the latter has agreed to back the former's credit card program. Per the deal, Wells Fargo will sponsor, issue and service Dillard's branded private label and co-brand credit cards as well as manage the company's cardholder loyalty program.
Spanning a 10-year period, the program is expected to boost Dillard's earnings in the future with initial earnings, excluding startup costs, from the program coming at similar levels as its previous credit card program. The program under the new agreement is expected to commence from the fourth quarter of fiscal 2014 after the expiry of the company's ongoing program deal.
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a similar move earlier this month, Dillard's Inc. ( DDS ) and Wells Fargo & Company ( WFC ) formed a pact, wherein the latter has agreed to back the former's credit card program. AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. The company's private label credit cards program, which originated in 1996, extends to shoppers who will purchase either online, through a mobile app or in-store at any of its 856 American Eagle Outfitter and 115 Aerie outlets across the U.S.
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AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. In a similar move earlier this month, Dillard's Inc. ( DDS ) and Wells Fargo & Company ( WFC ) formed a pact, wherein the latter has agreed to back the former's credit card program. Leading apparel and accessories retailer, American Eagle Outfitters Inc. ( AEO ) extended its deal with GE Capital Retail Bank, the retail financing wing of General Electric Company 's ( GE ) GE Capital division, to finance its credit card program in the long term.
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AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. In a similar move earlier this month, Dillard's Inc. ( DDS ) and Wells Fargo & Company ( WFC ) formed a pact, wherein the latter has agreed to back the former's credit card program. Leading apparel and accessories retailer, American Eagle Outfitters Inc. ( AEO ) extended its deal with GE Capital Retail Bank, the retail financing wing of General Electric Company 's ( GE ) GE Capital division, to finance its credit card program in the long term.
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In a similar move earlier this month, Dillard's Inc. ( DDS ) and Wells Fargo & Company ( WFC ) formed a pact, wherein the latter has agreed to back the former's credit card program. AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. Per the deal, GE Capital Retail Bank will provide private label credit cards to American Eagle customers for the next 7 years.
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83f8bcef-ba4d-410c-b752-7c3c088cff0a
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720021.0
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2014-03-26 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for March 27, 2014
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-march-27-2014-2014-03-26
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nan
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nan
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on March 27, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on May 05, 2014. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DDS has paid the same dividend.
The previous trading day's last sale of DDS was $88.52, representing a -9.55% decrease from the 52 week high of $97.87 and a 17.09% increase over the 52 week low of $75.60.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $7.13. Zacks Investment Research reports DDS's forecasted earnings growth in 2015 as 11.95%, compared to an industry average of 19.2%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2015 as 11.95%, compared to an industry average of 19.2%.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on March 27, 2014.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DDS has paid the same dividend. For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on March 27, 2014. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DDS has paid the same dividend.
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e02f210a-75fb-4c88-abb5-1ed5bf01dcc1
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720022.0
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2014-03-24 00:00:00 UTC
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DDS November 22nd Options Begin Trading
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DDS
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https://www.nasdaq.com/articles/dds-november-22nd-options-begin-trading-2014-03-24
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nan
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nan
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Investors in Dillard's Inc. (Symbol: DDS) saw new options begin trading today, for the November 22nd expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 243 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DDS options chain for the new November 22nd contracts and identified one put and one call contract of particular interest.
The put contract at the $85.00 strike price has a current bid of $7.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $85.00, but will also collect the premium, putting the cost basis of the shares at $78.00 (before broker commissions). To an investor already interested in purchasing shares of DDS, that could represent an attractive alternative to paying $88.93/share today.
Because the $85.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 8.24% return on the cash commitment, or 12.37% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Dillard's Inc., and highlighting in green where the $85.00 strike is located relative to that history:
Top YieldBoost Calls of Stocks Conducting Buybacks »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Dillard's Inc. (Symbol: DDS) saw new options begin trading today, for the November 22nd expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DDS options chain for the new November 22nd contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of DDS, that could represent an attractive alternative to paying $88.93/share today.
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Investors in Dillard's Inc. (Symbol: DDS) saw new options begin trading today, for the November 22nd expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DDS options chain for the new November 22nd contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of DDS, that could represent an attractive alternative to paying $88.93/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DDS options chain for the new November 22nd contracts and identified one put and one call contract of particular interest. Investors in Dillard's Inc. (Symbol: DDS) saw new options begin trading today, for the November 22nd expiration. To an investor already interested in purchasing shares of DDS, that could represent an attractive alternative to paying $88.93/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DDS options chain for the new November 22nd contracts and identified one put and one call contract of particular interest. Investors in Dillard's Inc. (Symbol: DDS) saw new options begin trading today, for the November 22nd expiration. To an investor already interested in purchasing shares of DDS, that could represent an attractive alternative to paying $88.93/share today.
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f906fb5c-5ca6-495e-9cb6-9f88efcaad3f
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720023.0
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2014-02-24 00:00:00 UTC
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Dillard's Q4 Earnings Miss Estimates - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-q4-earnings-miss-estimates-analyst-blog-2014-02-24
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nan
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nan
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Battered by lower-than-anticipated top-line performance and higher markdowns, leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. 's ( DDS ) fourth-quarter fiscal 2013 adjusted earnings declined 6.3% year over year to $2.69 per share. Moreover, it fell short of the Zacks Consensus Estimate of $2.99 per share.
On a reported basis, fourth-quarter earnings came in at $2.71 per share, down from $3.36 in the year-ago comparable quarter.
Sales & Comps
Dillard's net sales (including CDI Contractors LLC or CDI) decreased 3.4% year over year to $2,034.0 million in the quarter and was lower than the Zacks Consensus Estimate of $2,092 million. Merchandise sales, excluding CDI, came in at $2,013 million as against $2,087 million in the year-ago quarter.
The company's total revenue (including service charges and other income) of $2,078.7 million reflected a decline of 3.5% from $2,154.1 million in the year-ago quarter.
Merchandise comparable store sales (comps) for the thirteen-week period ended Feb 1, 2014 were up 2% from the thirteen-week period ended Feb 2, 2013.
During the quarter, ladies' accessories and lingerie as well as shoes were the outperforming categories. The best performing region was Central, followed by the East and West.
Operating Results
In the quarter, gross margin from retail operations (excluding CDI) contracted 180 basis points (bps) to 32.8% while consolidated gross margin (including CDI) declined 180 bps to 32.6%. The year-over-year contraction in gross margin was primarily due to higher markdowns.
Dillard's operating expenses for the quarter fell to $439.2 million from $474.9 million in the prior-year quarter, primarily due to an additional week in the fourth quarter of fiscal 2012. Operating expenses as a percentage of sales contracted 90 bps to 21.6% in the quarter.
Other Financial Details
Dillard's ended the fiscal with cash and cash equivalents of $237.1 million compared with $124.1 million last fiscal. As of Feb 1, 2013, the company's long-term debt and capital leases improved marginally to $621.5 million from $622.3 million as of Feb 2, 2013.
In the fiscal, the company's net cash flow from operations was $501.7 million compared with $522.7 million in fiscal 2012.
During the fiscal, Dillard's bought back 3.9 million shares worth about $301.6 million at a price of $78.30 per share. Currently, the company has about $290.4 million remaining under its ongoing share repurchase authorization.
Store Update
In the fourth quarter, Dillard's shut down three stores, namely University Mall in Chapel Hill, North Carolina (64,000 square feet), Collin Creek Mall location in Plano, Texas (195,000 square feet) and Twin Peaks Mall location in Longmont, Colorado (90,000 square feet). Including these closures, the company shuttered six stores in fiscal 2013.
As of Feb 1, 2014, Dillard's had about 278 namesake outlets and 18 clearance centers operating in 29 states and an Internet store at www.dillards.com. Total square footage as of Feb 1, 2014 was 50.5 million.
Fiscal 2014 Outlook
Dillard's expects fiscal 2014 depreciation and amortization expenses to be about $260 million while rentals are projected at approximately $26 million. Net interest and debt expenses are expected to be nearly $60 million.
Moreover, the company expects to spend about $150 million toward capital expenditure in fiscal 2014, compared with $95 million spent in fiscal 2013.
Other Stocks to Consider
Currently, Dillard's holds Zacks Rank #4 (Sell). However, some better-performing retailers include Christopher & Banks Corp. ( CBK ), Macy's, Inc. ( M ) and Finish Line Inc. ( FINL ). Of these, Christopher & Banks has a Zacks Rank #1 (Strong Buy) while Macy's and Finish Line carry a Zacks Rank #2 (Buy).
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Battered by lower-than-anticipated top-line performance and higher markdowns, leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. 's ( DDS ) fourth-quarter fiscal 2013 adjusted earnings declined 6.3% year over year to $2.69 per share. CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. As of Feb 1, 2014, Dillard's had about 278 namesake outlets and 18 clearance centers operating in 29 states and an Internet store at www.dillards.com.
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CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Battered by lower-than-anticipated top-line performance and higher markdowns, leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. 's ( DDS ) fourth-quarter fiscal 2013 adjusted earnings declined 6.3% year over year to $2.69 per share. Merchandise comparable store sales (comps) for the thirteen-week period ended Feb 1, 2014 were up 2% from the thirteen-week period ended Feb 2, 2013.
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Battered by lower-than-anticipated top-line performance and higher markdowns, leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. 's ( DDS ) fourth-quarter fiscal 2013 adjusted earnings declined 6.3% year over year to $2.69 per share. CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) decreased 3.4% year over year to $2,034.0 million in the quarter and was lower than the Zacks Consensus Estimate of $2,092 million.
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Battered by lower-than-anticipated top-line performance and higher markdowns, leading fashion apparel, cosmetics and home furnishings retailer, Dillard's Inc. 's ( DDS ) fourth-quarter fiscal 2013 adjusted earnings declined 6.3% year over year to $2.69 per share. CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) decreased 3.4% year over year to $2,034.0 million in the quarter and was lower than the Zacks Consensus Estimate of $2,092 million.
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c64c0b98-5329-44fe-9dde-0d36c8125f9e
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720024.0
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2014-02-24 00:00:00 UTC
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Earnings Reaction History: Dillards Inc CL A, 62.5% Follow-Through Indicator, 7.7% Sensitive
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DDS
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https://www.nasdaq.com/articles/earnings-reaction-history-dillards-inc-cl-625-follow-through-indicator-77-sensitive-2014
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nan
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nan
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Expected Earnings Release: 02/24/2014, Premarket
Avg. Extended-Hours Dollar Volume: $1,291,036
Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DDS indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 60%
Average next regular session additional gain: 1.3%
Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 1.3%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 100%
Average next regular session additional loss: 4.6%
Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 60% Average next regular session additional gain: 1.3% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 1.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 4.6% Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close. Extended-Hours Dollar Volume: $1,291,036 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 60% Average next regular session additional gain: 1.3% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 1.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 4.6% Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close. Extended-Hours Dollar Volume: $1,291,036 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 60% Average next regular session additional gain: 1.3% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 1.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 4.6% Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close. Extended-Hours Dollar Volume: $1,291,036 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $1,291,036 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 60% Average next regular session additional gain: 1.3% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 1.3%. Historical earnings event related premarket and after-hours trading activity in DDS indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.
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aa0fabb9-b573-44c3-a13a-06fa79ce360c
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720025.0
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2014-02-17 00:00:00 UTC
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ADTRAN Inc. (ADTN): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report
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DDS
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https://www.nasdaq.com/articles/adtran-inc-adtn-new-analyst-report-zacks-equity-research-zacks-equity-research-report-2014
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nan
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nan
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Summary:
ADTRAN posted third-quarter 2014 financial results wherein earnings were in line with the Zacks Consensus Estimate but revenues missed the same. Global macroeconomic fluctuations, foreign currency risks and stiff competition are expected to act as headwinds for ADTRAN. Moreover, ongoing mergers and acquisitions in the telecom and cable sector may result in further customer churn for ADTRAN. Despite these headwinds, new contract wins, launch of products and expectations of higher carrier expenditure both in the U.S. and Europe region in 2015 will continue to boosts the company's business while moving forward. Hence, we upgrade our recommendation on ADTRAN from Underperform to Neutral.
Overview:
Based in Huntsville, AL, ADTRAN Inc. designs, manufactures, markets and services network access solutions for communication networks. The company develops, markets and supports high-speed network access solutions for use across Internet protocol (IP), asynchronous transfer mode (ATM) and time division multiplexed (TDM) architectures in both wireline and wireless network applications. Its solutions are used to deploy new broadband networks and upgrade slower, established networks using copper, fiber, and wireless technologies both in the United States and abroad.
ADTRAN maintains two operating divisions based on its product and service offerings: the Carrier Networks Division and the Enterprise Networks Division. The Carrier Networks Division provides products used by service providers to deliver voice, data and video services from their equipment, to a customer's premise, irrespective of its location either at a central office or at a remote terminal. This division accounted for 79.3% of the total revenue in 2012. ADTRAN's Enterprise Networks Division provides products used by enterprise customers to construct voice, data and video networks within the customer's site or among distributed sites. This division accounted for the remaining 20.7% of the total revenue in 2012.
The company's three major product categories are Carrier Systems, Business Networking and Loop Access.
Carrier Systems includes broadband access products comprising Total Access (TA) 5000 multi-service access and aggregation platform products, Total Access 1100/1200 Series of Fiber-To-The-Node (FTTN) products, Digital Subscriber Line Access Multiplexer (DSLAM) products, and Optical Access products.
Business Networking includes Internetworking products, Optical Network Terminals (ONTs), and Integrated Access Devices (IADs). Internetworking products consist of Total Access IP Business Gateways and NetVanta product lines that include multi-service routers, managed Ethernet switches, IP Private Branch Exchange (PBX) products, IP phone products, Unified Communications solutions, and Carrier Ethernet Network Terminating Equipment.
Loop Access includes products such as Digital Data Service (DDS) and Integrated Services Digital Network (Total Reach) products High bit-rate Digital Subscriber Line (HDSL) products including Total Access 3000 HDSL and Time Division Multiplexed-Symmetrical HDSL (TDM-SHDSL) products, T1/E1/T3, Channel Service Units/Data Service Units, and TRACER fixed wireless products.
In addition, ADTRAN identifies sub-categories of product revenues, which are divided into growth products, representing its primary growth areas and traditional products. The company's growth products consist of Broadband Access, Optical Access products (both included in Carrier Systems) and Internetworking products (included in Business Networking) while traditional products include HDSL (included in Loop Access) and other products.
ADTRAN Inc. (ADTN): Read the Full Research Report
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ADTRAN INC (ADTN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Loop Access includes products such as Digital Data Service (DDS) and Integrated Services Digital Network (Total Reach) products High bit-rate Digital Subscriber Line (HDSL) products including Total Access 3000 HDSL and Time Division Multiplexed-Symmetrical HDSL (TDM-SHDSL) products, T1/E1/T3, Channel Service Units/Data Service Units, and TRACER fixed wireless products. Summary: ADTRAN posted third-quarter 2014 financial results wherein earnings were in line with the Zacks Consensus Estimate but revenues missed the same. Global macroeconomic fluctuations, foreign currency risks and stiff competition are expected to act as headwinds for ADTRAN.
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Loop Access includes products such as Digital Data Service (DDS) and Integrated Services Digital Network (Total Reach) products High bit-rate Digital Subscriber Line (HDSL) products including Total Access 3000 HDSL and Time Division Multiplexed-Symmetrical HDSL (TDM-SHDSL) products, T1/E1/T3, Channel Service Units/Data Service Units, and TRACER fixed wireless products. Carrier Systems includes broadband access products comprising Total Access (TA) 5000 multi-service access and aggregation platform products, Total Access 1100/1200 Series of Fiber-To-The-Node (FTTN) products, Digital Subscriber Line Access Multiplexer (DSLAM) products, and Optical Access products. The company's growth products consist of Broadband Access, Optical Access products (both included in Carrier Systems) and Internetworking products (included in Business Networking) while traditional products include HDSL (included in Loop Access) and other products.
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Loop Access includes products such as Digital Data Service (DDS) and Integrated Services Digital Network (Total Reach) products High bit-rate Digital Subscriber Line (HDSL) products including Total Access 3000 HDSL and Time Division Multiplexed-Symmetrical HDSL (TDM-SHDSL) products, T1/E1/T3, Channel Service Units/Data Service Units, and TRACER fixed wireless products. Carrier Systems includes broadband access products comprising Total Access (TA) 5000 multi-service access and aggregation platform products, Total Access 1100/1200 Series of Fiber-To-The-Node (FTTN) products, Digital Subscriber Line Access Multiplexer (DSLAM) products, and Optical Access products. The company's growth products consist of Broadband Access, Optical Access products (both included in Carrier Systems) and Internetworking products (included in Business Networking) while traditional products include HDSL (included in Loop Access) and other products.
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Loop Access includes products such as Digital Data Service (DDS) and Integrated Services Digital Network (Total Reach) products High bit-rate Digital Subscriber Line (HDSL) products including Total Access 3000 HDSL and Time Division Multiplexed-Symmetrical HDSL (TDM-SHDSL) products, T1/E1/T3, Channel Service Units/Data Service Units, and TRACER fixed wireless products. ADTRAN maintains two operating divisions based on its product and service offerings: the Carrier Networks Division and the Enterprise Networks Division. The company's growth products consist of Broadband Access, Optical Access products (both included in Carrier Systems) and Internetworking products (included in Business Networking) while traditional products include HDSL (included in Loop Access) and other products.
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3936f92b-9af3-4dba-9be3-c9328c5ceb0b
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720026.0
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2014-02-14 00:00:00 UTC
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Centaur Capital's Fourth Quarter Portfolio Reports Heavy Selling and Top Five Positions
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DDS
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https://www.nasdaq.com/articles/centaur-capitals-fourth-quarter-portfolio-reports-heavy-selling-and-top-five-positions
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nan
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nan
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Zeke Ashton of Centaur Capital Partners keeps a fairly concentrated portfolio valued at $86 million. The guru had a heavier quarter in selling as he sold out of ten of his previous holdings. The guru added eight new stocks to his holdings, bringing his portfolio to 29 stocks. The following five companies represent Ashton's top five holdings.
Tetra Tech ( TTEK )
Ashton's largest position is in Tetra Tech where he maintains 210,000 shares of the company's stock. His position makes up for 6.8% of his total portfolio holdings and 0.33% of the company's shares outstanding.
Tetra Tech is a relatively new buy for the guru. He bought 250,000 shares during the third quarter. Ashton cut his holdings in Tetra Tech -16% in the fourth quarter, selling 40,000 shares. He sold these shares in the price range of $24.50 to $28.87, with an estimated average quarterly price of $26.99 per share. Since his sell the price per share has increased approximately 5.8%.
Charles Brandes Undervalued Stocks
Charles Brandes Top Growth Companies
Charles Brandes High Yield stocks
Howard Marks Undervalued Stocks
Howard Marks Top Growth Companies
Howard Marks High Yield stocks
Joel Greenblatt Undervalued Stocks
Joel Greenblatt Top Growth Companies
Joel Greenblatt High Yield stocks
Brian Rogers Undervalued Stocks
Brian Rogers Top Growth Companies
Brian Rogers High Yield stocks
Zeke Ashton Undervalued Stocks
Zeke Ashton Top Growth Companies
Zeke Ashton High Yield stocks
Zeke Ashton 's holding history as of the fourth quarter:
Tetra Tech Inc. is a provider of consulting, engineering, program management, construction management and technical services that focuses on supporting fundamental needs for water, natural resources, the environment, infrastructure and energy.
Tetra Tech's historical revenue and net income:
The analysis on Tetra Tech reports that the company's revenue has been in decline over the past year, they have issued $203.806 million in debt over the past three years and its operating margin is expanding.
Tetra Tech has a market cap of $1.86 billion. Its shares are currently trading at around $28.56 with a P/S ratio of 0.70 and a P/B ratio of 1.90. The company had an annual average earnings growth of 13.80% over the past five years.
EMC Corporation ( EMC )
The guru's second largest holding goes to EMC Corporation where he also holds on to 210,000 shares. His position in the company makes up for 6.1% of his total portfolio and 0.01% of the company's shares outstanding.
During the third quarter Ashton cut his position -16% by selling 40,000 shares. He sold these shares in the quarterly price range of $23.15 to $25.72, with an estimated average quarterly price of $24.24. Since his buy the price per share has increased approximately 5%.
Ashton's historical holding history:
EMC and its subsidiaries develop, deliver and support the Information Technology industry's a range of information infrastructure and virtual infrastructure technologies and solutions.
EMC's historical revenue and net income:
The analysis on EMC reports that the company's revenue has slowed down over the past year, they have issued $3.7 billion of debt over the past three years and its operating margin is expanding.
The Peter Lynch Chart suggests that the company is currently overvalued :
EMC has a market cap of $52.62 billion. Its shares are currently trading at around $25.57 with a P/E ratio of 20.60, a P/S ratio of 2.40 and a P/B ratio of 2.30. The company had an annual average earnings growth of 17.30% over the past ten years.
GuruFocus rated EMC Corporation the business predictability rank of 3-star.
Ingredion ( INGR )
Ashton's third largest holding is in Ingredion where he maintains 77,500 shares. This position in the company makes up for 6.1% of the company's shares outstanding as well as 0.10% of the company's shares outstanding.
During the fourth quarter Ashton upped his stake in the company 55% by purchasing 27,500 shares of the company's stock. He bought these shares near the estimated average quarterly price of $67.63 per share. Since then the price per share has dropped roughly -5.4%.
Zeke Ashton (Trades, Portfolio)'s historical holding history:
Ingredion, together with its subsidiaries, manufactures and sells starch and sweetener ingredients. The company's product line includes starches and sweeteners, animal feed products and edible corn oil.
Ingredion's historical revenue and net income:
The analysis on Ingredion reports that the company's revenue has slowed down over the past year, its operating margin is expanding and its dividend yield is sitting near a 3-year high.
The Peter Lynch Chart suggests that the company is currently undervalued :
Ingredion has a market cap of $4.88 billion. Its shares are currently trading at around $63.64 with a P/E ratio of 12.20, a P/S ratio of 0.70 and a P/B ratio of 1.90. The dividend yield of Ingredion stocks is at 2.40%, and the company has had an annual average earnings growth of 12.90% over the past ten years.
GuruFocus rated Ingredion the business predictability rank of 4-star.
Accenture ( ACN )
Zeke Ashton (Trades, Portfolio)'s fourth largest portfolio holding is in Accenture where he holds on to 62,500 shares of the company's stock. This position makes up for 5.9% of Ashton's total assets managed as well as 0.01% of the company's shares outstanding.
Accenture is a new buy for Ashton. The guru previously held the company in 2012, but sold out in the third quarter of 2012. Ashton purchased 62,500 shares of Accenture in the fourth quarter price range of $70.28 to $82.51 per share, with an estimated average quarterly price of $75.61. Since then the price per share is up about 8.5%.
Ashton's holding history as of the close of the fourth quarter:
Accenture is a management consulting, technology services and outsourcing organization. It operates globally with one common brand and business model designed to enable it to provide clients around the world with the same high level of service.
Accenture's historical revenue and earnings growth:
The analysis on Accenture reports that the company has enough cash to cover all of its debt, its operating margin is expanding, its revenue has slowed down over the past year and its price is sitting near a 10-year high.
The Peter Lynch Chart suggests that the company is currently overvalued :
Accenture has a market cap of $54.72 billion. Its shares are currently trading at around $82.06 with a P/E ratio of 16.70, a P/S ratio of 1.90 and a P/B ratio 11.10. The company had an annual average earnings growth of 13.30% over the past ten years.
GuruFocus rated Accenture the business predictability rank of 4-star.
Dillard's ( DDS )
Ashton's fifth largest holding goes to Dillard's where he maintains 50,500 shares of the company's stock. This position makes up for 5.7% of his total assets managed as well as 0.11% of the company's shares outstanding.
The guru did not alter his position in the company over the past quarter.
Ashton's historical holding history as of the fourth quarter:
Dillard's operates as fashion apparel, cosmetic and home furnishing retailer.
Dillard's historical revenue and earnings growth:
The analysis on Dillard's reports that the company has a high Piotroski F-Score, indicating a healthy situation for the company, and it also notes that the company's price and P/B ratio are both trading at near 10-year highs.
The Peter Lynch Chart suggests that the company is currently undervalued :
Dillard's has a market cap of $3.9 billion. Its shares are currently trading at around $88.54 with a P/E ratio of 11.60, a P/S ratio of 0.60 and a P/B ratio of 2.20.
Check out Zeke Ashton's fourth quarter holdings here.
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's ( DDS ) Ashton's fifth largest holding goes to Dillard's where he maintains 50,500 shares of the company's stock. Zeke Ashton (Trades, Portfolio)'s historical holding history: Ingredion, together with its subsidiaries, manufactures and sells starch and sweetener ingredients. It operates globally with one common brand and business model designed to enable it to provide clients around the world with the same high level of service.
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Dillard's ( DDS ) Ashton's fifth largest holding goes to Dillard's where he maintains 50,500 shares of the company's stock. Charles Brandes Undervalued Stocks Charles Brandes Top Growth Companies Charles Brandes High Yield stocks Howard Marks Undervalued Stocks Howard Marks Top Growth Companies Howard Marks High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks Brian Rogers Undervalued Stocks Brian Rogers Top Growth Companies Brian Rogers High Yield stocks Zeke Ashton Undervalued Stocks Zeke Ashton Top Growth Companies Zeke Ashton High Yield stocks Zeke Ashton 's holding history as of the fourth quarter: Tetra Tech Inc. is a provider of consulting, engineering, program management, construction management and technical services that focuses on supporting fundamental needs for water, natural resources, the environment, infrastructure and energy. EMC's historical revenue and net income: The analysis on EMC reports that the company's revenue has slowed down over the past year, they have issued $3.7 billion of debt over the past three years and its operating margin is expanding.
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Dillard's ( DDS ) Ashton's fifth largest holding goes to Dillard's where he maintains 50,500 shares of the company's stock. Charles Brandes Undervalued Stocks Charles Brandes Top Growth Companies Charles Brandes High Yield stocks Howard Marks Undervalued Stocks Howard Marks Top Growth Companies Howard Marks High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks Brian Rogers Undervalued Stocks Brian Rogers Top Growth Companies Brian Rogers High Yield stocks Zeke Ashton Undervalued Stocks Zeke Ashton Top Growth Companies Zeke Ashton High Yield stocks Zeke Ashton 's holding history as of the fourth quarter: Tetra Tech Inc. is a provider of consulting, engineering, program management, construction management and technical services that focuses on supporting fundamental needs for water, natural resources, the environment, infrastructure and energy. This position in the company makes up for 6.1% of the company's shares outstanding as well as 0.10% of the company's shares outstanding.
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Dillard's ( DDS ) Ashton's fifth largest holding goes to Dillard's where he maintains 50,500 shares of the company's stock. The guru added eight new stocks to his holdings, bringing his portfolio to 29 stocks. Accenture ( ACN ) Zeke Ashton (Trades, Portfolio)'s fourth largest portfolio holding is in Accenture where he holds on to 62,500 shares of the company's stock.
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ab234255-3b47-4c40-91f4-964d1d89f874
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720027.0
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2014-02-03 00:00:00 UTC
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Taubman Discloses Asset Sales - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/taubman-discloses-asset-sales-analyst-blog-2014-02-03
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nan
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nan
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In tune with the efforts to restructure its portfolio, Taubman Centers Inc. ( TCO ) recently disclosed two sale transactions. First of all, the company announced the sale of a land parcel as well as stake in a retail property and secondly the offloading of stake in a Florida-based shopping mall.
Saleto Simon Property
In particular, Taubman disclosed the sale of a Syosset, New York-based 39 acre land parcel and the divestiture of 50% stake in a Tempe-based indoor outlet mall - Arizona Mills - to Simon Property Group, Inc. ( SPG ).
Taubman received $60 million in cash and 555,150 partnership units at $154.91 per unit in Simon Property Group Limited Partnership from the divestiture. Moreover, with the disposition, Taubman was eased of its share worth $84 million of the current mortgage loan on Arizona Mills worth $167 million. This brought the deal's total value to $230 million.
The sold land, consisting of 39 acres and situated near the Long Island Expressway and Robbins Lane in Syosset, was previously held by Taubman for building The Mall at Oyster Bay, which was not completed. On the other hand, Arizona Mills was previously constructed by Taubman in partnership with Simon Property and The Mills Corporation. With the sale deal, Simon now fully owns Arizona Mills.
Sale to TIAA-CREF and APG
In another deal, Taubman concluded the sale of its 49.9% stake in Tampa, Florida-based retail property - International Plaza - to a joint venture owned by TIAA-CREF and APG. The $499 million deal price included cash consideration of $337 million and beneficial interest in debt of about $162 million.
Taubman has plans to use the proceeds for repaying loan on Richmond, Virginia-based Stony Point Fashion Park and for meeting other corporate needs. As a matter of fact, International Plaza is a 1,202,000 square foot center situated nearby Tampa International Airport. The property has retailers such as Dillard's Inc. ( DDS ) and Nordstrom Inc. ( JWN ) as tenants.
Our Viewpoint
Although the divestitures weigh on Taubman's near-term top-line growth, the usage of proceeds for paying off debts and financing the development pipeline depicts Taubman's effective capital reallocation efforts.
Taubman is scheduled to report its fourth-quarter 2013 results on Feb 12, after the closing bell. The Zacks Consensus Estimate for fourth-quarter FFO per share is currently pegged at $1.07.
The company's Earnings ESP , which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at -0.94%. This along with the Zacks Rank #3 (Hold) makes us skeptical about a positive earnings beat.
DILLARDS INC-A (DDS): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
SIMON PROPERTY (SPG): Free Stock Analysis Report
TAUBMAN CENTERS (TCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The property has retailers such as Dillard's Inc. ( DDS ) and Nordstrom Inc. ( JWN ) as tenants. DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. In tune with the efforts to restructure its portfolio, Taubman Centers Inc. ( TCO ) recently disclosed two sale transactions.
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DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. The property has retailers such as Dillard's Inc. ( DDS ) and Nordstrom Inc. ( JWN ) as tenants. Saleto Simon Property In particular, Taubman disclosed the sale of a Syosset, New York-based 39 acre land parcel and the divestiture of 50% stake in a Tempe-based indoor outlet mall - Arizona Mills - to Simon Property Group, Inc. ( SPG ).
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DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. The property has retailers such as Dillard's Inc. ( DDS ) and Nordstrom Inc. ( JWN ) as tenants. Saleto Simon Property In particular, Taubman disclosed the sale of a Syosset, New York-based 39 acre land parcel and the divestiture of 50% stake in a Tempe-based indoor outlet mall - Arizona Mills - to Simon Property Group, Inc. ( SPG ).
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The property has retailers such as Dillard's Inc. ( DDS ) and Nordstrom Inc. ( JWN ) as tenants. DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. Saleto Simon Property In particular, Taubman disclosed the sale of a Syosset, New York-based 39 acre land parcel and the divestiture of 50% stake in a Tempe-based indoor outlet mall - Arizona Mills - to Simon Property Group, Inc. ( SPG ).
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6d8c5811-31d5-4bfc-881f-93c20fc1ecff
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720028.0
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2014-01-03 00:00:00 UTC
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Martha Stewart and Macy's Settle Dispute - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/martha-stewart-and-macys-settle-dispute-analyst-blog-2014-01-03
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nan
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nan
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Macy's, Inc. ( M ) and Martha Stewart Living Omnimedia Inc. ( MSO ) have settled their legal dispute over latter's deal with department store retailer, J. C. Penney Company, Inc. ( JCP ). However, none of the companies disclosed terms of the deal.
Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. The company claimed that Martha Stewart's agreement to sell certain home and lifestyle merchandise at J. C. Penney's stores violated the exclusive pact that it shared with Martha Stewart. Consequently, it filed a lawsuit in the New York State Supreme Court against Martha Stewart for the breach of contract. It also dragged J. C.Penney to court over the deal.
Later, under a settlement, J. C. Penney was forbidden to sell any products under Martha Stewart brand but was allowed to sell selected products designed by Martha Stewart under its 'Everyday' label. However, Macy's legal dispute with J. C. Penney is far from over.
Last year in October, J. C. Penney has agreed to return the 11 million shares (purchased for $38.5 billion) - which represent 16% stake - it acquired at the time of entering the deal with Martha Stewart. After the stock sale, J. C. Penney will cease to be part of the Martha Stewart's board of directors.
We believe that the settlement is likely to put an end to high litigation expenses for both the companies. Macy's as well as Martha Stewart fared decently in the past 4 quarters and beat the Zacks Consensus Estimate in 3 quarters with an average beat of 5.8% and 43.1%, respectively.
However, for J. C. Penney, troubles continue to linger. Though there have been signs of improvement in the company's performance, it continues to post losses. The impending verdict on the legal dispute with Macy's is likely to add to its financial woes.
Shares of Macy's witnessed a marginal decline and closed at $53.39. J. C. Penney's shares fell nearly 3.0% to close at $8.88. On the other hand, shares of Martha Stewart rose 8.8% to close at $4.57.
While Macy's carries a Zacks Rank #2 (Buy), both J. C. Penney and Martha Stewart have a Zacks Rank #3 (Hold).
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
MARTHA STWT LIV (MSO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, Inc. ( M ) and Martha Stewart Living Omnimedia Inc. ( MSO ) have settled their legal dispute over latter's deal with department store retailer, J. C. Penney Company, Inc. ( JCP ).
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. Macy's, Inc. ( M ) and Martha Stewart Living Omnimedia Inc. ( MSO ) have settled their legal dispute over latter's deal with department store retailer, J. C. Penney Company, Inc. ( JCP ).
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. The company claimed that Martha Stewart's agreement to sell certain home and lifestyle merchandise at J. C. Penney's stores violated the exclusive pact that it shared with Martha Stewart.
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Macy's, which competes with Dillard's Inc. ( DDS ), did not welcome the licensing deal signed between J. C. Penney and Martha Stewart in Dec 2011. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARTHA STWT LIV (MSO): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, Inc. ( M ) and Martha Stewart Living Omnimedia Inc. ( MSO ) have settled their legal dispute over latter's deal with department store retailer, J. C. Penney Company, Inc. ( JCP ).
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a00f853f-067f-43fe-ab75-521e528cdae8
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720029.0
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2013-12-26 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for December 27, 2013
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-december-27-2013-2013-12-26
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nan
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nan
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on December 27, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on February 03, 2014. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -98.81% decrease from the same period a year ago. At the current stock price of $96.75, the dividend yield is .25%.
The previous trading day's last sale of DDS was $96.75, representing a -1.14% decrease from the 52 week high of $97.87 and a 28.43% increase over the 52 week low of $75.33.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $7.78. Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 16.77%, compared to an industry average of -4.4%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 16.77%, compared to an industry average of -4.4%.
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DDS's current earnings per share, an indicator of a company's profitability, is $7.78. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on December 27, 2013.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DDS was $96.75, representing a -1.14% decrease from the 52 week high of $97.87 and a 28.43% increase over the 52 week low of $75.33. For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS's current earnings per share, an indicator of a company's profitability, is $7.78. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on December 27, 2013.
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775b4fb3-4481-4011-b249-4444ff69426f
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720030.0
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2013-12-24 00:00:00 UTC
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Tractor Supply Hits 52-week High - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/tractor-supply-hits-52-week-high-analyst-blog-2013-12-24
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nan
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nan
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The shares of Tractor Supply Company ( TSCO ) reached a new 52-week high of $77.00 on Monday, Dec 23, closing trade slightly below at $75.95. This farm and ranch store chain retailer has been on the rise driven by its consistent focus on maximizing productivity, expanding store base, technological advancements and initiatives to expand its brand portfolio.
Moreover, this stock looks promising on strong metrics, having generated a year-to-date return of roughly 65.4%. The average volume of shares traded over the last 3 months was approximately 978.8K. The company currently trades at a forward P/E of 33.2x, a 72.9% premium to the peer group average of 19.2x. The company's premium valuation is justified, as its long-term forecasted earnings per share (EPS) growth rate of 17.9% is higher than the peer group average of 16.2%.
Tractor Supply is the largest operator of farm and ranch stores in the U.S., and has a unique market niche of serving the lifestyle needs of recreational farmers and ranchers. The company continues to progress well on its growth initiatives focused on expanding its store base and incorporating technological advancements to serve clients better.
Additionally, the company is working towards modifying the merchandise assortment across its stores in line with the change in consumer preferences due to the prolonged economic downturn. We believe these initiatives will induce more traffic to its stores and boost the top line.
Apart from the aforementioned reason, the company's track record of posting robust quarterly earnings, an upbeat guidance and a solid financial position induced a positive movement in the stock.
The earnings surprise history of this Zacks Rank #2 (Buy) company shows that it has outperformed the Zacks Consensus Estimate for nearly five consecutive years, the only exception being first-quarter 2013 in which the company posted in-line earnings. The average surprise for the trailing four quarters stands at 8.1%.
In third-quarter fiscal 2013, the company posted strong financial results with adjusted earnings of 46 cents per share, up 31.4% year over year. The results also surpassed the Zacks Consensus Estimate of 41 cents. Tractor Supply's total revenue rose 13.4% to $1,208.1 million in the quarter.
The company raised its outlook for fiscal 2013, projecting sales in the range of $5.12-$5.17 billion, with comps expected to improve 4.2%−5.0%. Moreover, Tractor Supply now anticipates 2013 earnings per share in the range of $2.24 to $2.27.
The encouraging results and a favorable outlook triggered an upward thrust in the Zacks Consensus Estimate. For the fourth quarter of fiscal 2013, the Zacks Consensus Estimate of 65 cents increased by a penny in the last 60 days. For fiscal 2013 it escalated 1.8% to $2.28 a share over the same time frame.
Apart from Tractor Supply, companies such as V.F. Corp. ( VFC ), Whirlpool Corp. ( WHR ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $61.90, $157.02 and $97.87, respectively, on Dec 23, 2013.
DILLARDS INC-A (DDS): Free Stock Analysis Report
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
V F CORP (VFC): Free Stock Analysis Report
WHIRLPOOL CORP (WHR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Corp. ( VFC ), Whirlpool Corp. ( WHR ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $61.90, $157.02 and $97.87, respectively, on Dec 23, 2013. DILLARDS INC-A (DDS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. The company's premium valuation is justified, as its long-term forecasted earnings per share (EPS) growth rate of 17.9% is higher than the peer group average of 16.2%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. Corp. ( VFC ), Whirlpool Corp. ( WHR ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $61.90, $157.02 and $97.87, respectively, on Dec 23, 2013. The company continues to progress well on its growth initiatives focused on expanding its store base and incorporating technological advancements to serve clients better.
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DILLARDS INC-A (DDS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. Corp. ( VFC ), Whirlpool Corp. ( WHR ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $61.90, $157.02 and $97.87, respectively, on Dec 23, 2013. The earnings surprise history of this Zacks Rank #2 (Buy) company shows that it has outperformed the Zacks Consensus Estimate for nearly five consecutive years, the only exception being first-quarter 2013 in which the company posted in-line earnings.
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Corp. ( VFC ), Whirlpool Corp. ( WHR ) and Dillard's Inc. ( DDS ) achieved new 52-week highs of $61.90, $157.02 and $97.87, respectively, on Dec 23, 2013. DILLARDS INC-A (DDS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. We believe these initiatives will induce more traffic to its stores and boost the top line.
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26e7a11f-317a-4820-b076-2985e3fc27f0
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720031.0
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2013-12-24 00:00:00 UTC
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Dillard's At 52-Wk High: Is it Promising? - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-at-52-wk-high%3A-is-it-promising-analyst-blog-2013-12-24
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nan
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nan
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Shares of Dillard's Inc. ( DDS ) reached a new 52-week high of $97.87 yesterday, and eventually closed trade at $96.29. The average volume of shares traded over the last 3 months was over 559K. Notably, this leading fashion apparel, cosmetics and home furnishings retailer amassed a year-to-date return of 18.3%.
Moreover, Dillard's currently trades at a forward P/E of 13.05x, a 3.5% discount to the peer group average of 13.53x. The last traded price is 13.3% above the Zacks Consensus average analyst price target of $85.00.
The company's strong fiscal third-quarter 2013 earnings, healthy comparable-store sales, effective cost management and new share repurchase program of $250 million have provided momentum to the stock.
With a positive earnings surprise of 13% in third-quarter fiscal 2013, the company surpassed the Zacks Consensus Estimate for the third consecutive quarter in the trailing 4 quarters. The average earnings surprise for the past 4 quarters was approximately 12.2%. The company's third-quarter fiscal 2013 earnings benefited from the successful execution of its long-term growth strategies and strength of its distinguished and varied assortments.
However, with Dillard's holding a Zacks Rank #4 (Sell), investors should be cautious about the performance of the stock. If we look at the company's net sales performance in the last 2 quarters, it has declined sequentially by 0.8% and 4.5% in the third and second quarters, respectively. Moreover, the Zacks Consensus Estimate for earnings has also been showing declining trends with fiscal 2013 estimate waning 0.3% and fiscal 2014 estimate falling 0.6% in the last 60 days.
Other Stocks to Consider
Some better-ranked retail stocks include Bon-Ton Stores Inc. ( BONT ), Macy's Inc. ( M ) and Finish Line Inc. ( FINL ). While Bon-Ton Stores holds a Zacks Rank #1 (Strong Buy), Macy's and Finish Line carry a Zacks Rank #2 (Buy).
BON-TON STORES (BONT): Get Free Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's Inc. ( DDS ) reached a new 52-week high of $97.87 yesterday, and eventually closed trade at $96.29. BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this leading fashion apparel, cosmetics and home furnishings retailer amassed a year-to-date return of 18.3%.
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BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc. ( DDS ) reached a new 52-week high of $97.87 yesterday, and eventually closed trade at $96.29. Other Stocks to Consider Some better-ranked retail stocks include Bon-Ton Stores Inc. ( BONT ), Macy's Inc. ( M ) and Finish Line Inc. ( FINL ).
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BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc. ( DDS ) reached a new 52-week high of $97.87 yesterday, and eventually closed trade at $96.29. With a positive earnings surprise of 13% in third-quarter fiscal 2013, the company surpassed the Zacks Consensus Estimate for the third consecutive quarter in the trailing 4 quarters.
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Shares of Dillard's Inc. ( DDS ) reached a new 52-week high of $97.87 yesterday, and eventually closed trade at $96.29. BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The average volume of shares traded over the last 3 months was over 559K.
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95b9f924-4772-4249-992c-2ac235bdc7d7
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720032.0
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2013-12-23 00:00:00 UTC
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Dillard's, Inc. (DDS) Enters Overbought Territory - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/dillards-inc.-dds-enters-overbought-territory-tale-of-the-tape-2013-12-23
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nan
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nan
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Dillard's, Inc. (DDS) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 71.2 . Furthermore, Dillard's, Inc. currently has a Zacks Rank #4 (Sell) , suggesting that investors may want to consider exiting this stock now before it falls back to Earth.
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. (DDS) has moved higher as of late, but there could definitely be trouble on the horizon for this company. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. That is because DDS is now in overbought territory with an RSI value of 71.2 .
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Dillard's, Inc. (DDS) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 71.2 . DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. (DDS) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 71.2 .
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Dillard's, Inc. (DDS) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DDS is now in overbought territory with an RSI value of 71.2 . DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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8598dbec-6592-472e-8946-c17c0d7e887a
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720033.0
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2013-11-21 00:00:00 UTC
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Dilliard's to Boost Shareholder Value - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dilliards-to-boost-shareholder-value-analyst-blog-2013-11-21
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nan
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nan
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In an effort to boost shareholders' value, Dillard's Inc. ( DDS ) announced a cash dividend of 6 cents per share on its Class A and B shares and an additional share buyback program. The dividend will be paid on Feb 3, 2014 to stockholders of record as of Dec 31, 2013.
The board also authorized an additional $250 million share repurchase program on its Class A shares through either open market purchases or private agreements. The company as of Nov 2 had $40.4 million remaining under its existing share repurchase authorization of $250 million passed by management in Mar 2013.
Recently, this leading fashion apparel and cosmetics retailer reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks.
Third-quarter adjusted earnings per share of $1.13 grew 17.7% from 96 cents reported in the prior-year quarter and surpassed the Zacks Consensus Estimate of $1.00.
The company's total revenue (including service charges and other income) of $1,506.9 million reflected a marginal increase of 1.4% from $1,486.3 million reported in the year-ago quarter and was above the Zacks Consensus Estimate of $1,497 million.
During the quarter, Dillard's bought back 2.4 million shares worth about $186.9 million, at a price of $77.80 per share.
Going forward, this home furnishing retailer remains positive, based on its strong performance over the last several quarters. We expect it to continue posting earnings and revenue growth in the upcoming quarters.
Moreover, the company expects to spend about $100 million toward capital expenditure in fiscal 2013, compared with $137 million incurred in fiscal 2012.
Dillard's offers a distinctive mix of name brand and private label merchandise, appealing to a broad range of customers. It currently holds a Zacks Rank #3 (Hold).
Other better-ranked stocks in the retail sector include Best Buy Co. Inc. ( BBY ), DSW Inc. ( DSW ) and Finish Line Inc. ( FINL ). All 3 companies carry a Zacks Rank #2 (Buy).
BEST BUY (BBY): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In an effort to boost shareholders' value, Dillard's Inc. ( DDS ) announced a cash dividend of 6 cents per share on its Class A and B shares and an additional share buyback program. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, this leading fashion apparel and cosmetics retailer reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks.
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BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. In an effort to boost shareholders' value, Dillard's Inc. ( DDS ) announced a cash dividend of 6 cents per share on its Class A and B shares and an additional share buyback program. The board also authorized an additional $250 million share repurchase program on its Class A shares through either open market purchases or private agreements.
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BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. In an effort to boost shareholders' value, Dillard's Inc. ( DDS ) announced a cash dividend of 6 cents per share on its Class A and B shares and an additional share buyback program. The company's total revenue (including service charges and other income) of $1,506.9 million reflected a marginal increase of 1.4% from $1,486.3 million reported in the year-ago quarter and was above the Zacks Consensus Estimate of $1,497 million.
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In an effort to boost shareholders' value, Dillard's Inc. ( DDS ) announced a cash dividend of 6 cents per share on its Class A and B shares and an additional share buyback program. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. Third-quarter adjusted earnings per share of $1.13 grew 17.7% from 96 cents reported in the prior-year quarter and surpassed the Zacks Consensus Estimate of $1.00.
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b93396d6-d917-4cdc-b6da-e8a216cdb0fb
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720034.0
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2013-11-14 00:00:00 UTC
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Earnings Reaction History: Dillards Inc CL A, 50.0% Follow-Through Indicator, 14.2% Sensitive
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DDS
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https://www.nasdaq.com/articles/earnings-reaction-history-dillards-inc-cl-500-follow-through-indicator-142-sensitive-2013
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nan
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nan
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Expected Earnings Release: 11/14/2013, Premarket
Avg. Extended-Hours Dollar Volume: $1,579,961
Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DDS indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 40%
Average next regular session additional gain: 1.4%
Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.4%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 100%
Average next regular session additional loss: 4.6%
Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 40% Average next regular session additional gain: 1.4% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.4%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 4.6% Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close. Extended-Hours Dollar Volume: $1,579,961 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 40% Average next regular session additional gain: 1.4% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.4%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 4.6% Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close. Extended-Hours Dollar Volume: $1,579,961 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 40% Average next regular session additional gain: 1.4% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.4%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 4.6% Over that same historical period, when shares of DDS dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 4.6% by the following regular session close. Extended-Hours Dollar Volume: $1,579,961 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $1,579,961 Dillards Inc CL A ( DDS ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 40% Average next regular session additional gain: 1.4% Over the prior three fiscal years (12 quarters), when shares of DDS rose in the extended-hours session in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.4%. Historical earnings event related premarket and after-hours trading activity in DDS indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
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4a6ec357-0424-47e5-af55-06e01c773253
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720035.0
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2013-11-14 00:00:00 UTC
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Dillard's Q3 Earnings Beat - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-q3-earnings-beat-analyst-blog-2013-11-14
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nan
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nan
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks.
Third-quarter adjusted earnings per share of $1.13 grew 17.7% from 96 cents reported in the prior-year quarter and surpassed the Zacks Consensus Estimate of $1.00.
Sales & Comps
Dillard's net sales (including CDI Contractors LLC or CDI) increased 1.3% to $1,468.6 million in the quarter compared to the year-ago quarter. Merchandise sales, excluding CDI, came in at $1,437 million compared with $1,425 million in the year-ago quarter.
The company's total revenue (including service charges and other income) of $1,506.9 million reflected a marginal increase of 1.4% from $1,486.3 million reported in the year-ago quarter and was above the Zacks Consensus Estimate of $1,497 million.
Merchandise comparable store sales (comps) for the quarter were up 1% compared to the third quarter of 2012.
During the quarter, ladies' accessories and lingerie as well as shoes and ladies' apparel were the outperforming categories, offset by lowest sales at the home and furniture categories. The best performing region was Central, followed by the East and West.
Operating Results
In the first quarter, gross margin from retail operations (excluding CDI) contracted 30 basis points to 36.8%, while consolidated gross margin (including CDI) declined 40 basis points to 36.2%.
Dillard's operating expenses for the quarter marginally waned to $404.4 million from $404.6 million in the prior-year quarter, driven by a decline in advertising expenses and taxes partially offset by an increase in selling payroll expenses. Operating expenses as a percentage of sales contracted 40 basis points to 27.5% in the quarter.
Other Financial Details
Dillard's ended the quarter with cash and cash equivalents of $111.0 million compared with $124.8 million last year. Other short-term borrowings were $170.0 million as of the quarter-end compared with $27.0 million at the end of the prior year comparable quarter. As of Nov 2, 2013, the company's long-term debt and capital leases improved marginally to $621.7 million from $622.5 million as of Oct 27, 2012.
In the third quarter, the company's net cash flow from operations dipped 21.3% to $173.0 million from $219.9 million in the year-ago quarter.
During the quarter, Dillard's bought back 2.4 million shares worth about $186.9 million, at a price of $77.80 per share. Currently, the company has about $40.4 million remaining under its ongoing share repurchase authorization.
Store Update
In the third quarter, Dillard's shut down its 10,000 square feet clearance store at Euclid Square Mall in Euclid, Ohio. Further, the company announced plans to close its 64,000 square feet store at University Mall in Chapel Hill, N. C. and its 195,000 square feet store at Collin Creek in Plano, Texas. These closures are expected to be completed by the end of the fourth quarter of 2013.
As of Nov 2, 2013, Dillard's had about 282 namesake outlets and 17 clearance centers operating in 29 states and an Internet store at www.dillards.com. Total square footage as of Nov 2, 2013 was 50.8 million.
Fiscal 2013 Outlook
Dillard's expects fiscal 2013 depreciation and amortization expenses to be about $261 million, while rentals are projected at approximately $27 million. Net interest and debt expenses are expected to be nearly $65 million.
Moreover, the company expects to spend about $100 million toward capital expenditure in fiscal 2013, compared with $137 million spent in fiscal 2012. The company anticipates having no short term borrowings at fiscal year-end 2013.
Conclusion
Our forward outlook on Dillard's remains positive based on its strong performance over the last several quarters. We expect it to continue posting earnings and revenue growth in the upcoming quarters. The company currently holds a Zacks Rank #3 (Hold).
Other retailers currently performing well include Best Buy Co. Inc. ( BBY ), DSW Inc. ( DSW ) and Finish Line Inc. ( FINL ). Of these, Best Buy has a Zacks Rank #1 (Strong Buy) and DSW and Finish Line carry a Zacks Rank #2 (Buy).
BEST BUY (BBY): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. Third-quarter adjusted earnings per share of $1.13 grew 17.7% from 96 cents reported in the prior-year quarter and surpassed the Zacks Consensus Estimate of $1.00.
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BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) increased 1.3% to $1,468.6 million in the quarter compared to the year-ago quarter.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. The company's total revenue (including service charges and other income) of $1,506.9 million reflected a marginal increase of 1.4% from $1,486.3 million reported in the year-ago quarter and was above the Zacks Consensus Estimate of $1,497 million.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, reported strong third-quarter earnings that benefited from positive comparable store sales combined with prudent cost control measures and increased share buybacks. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. The company's total revenue (including service charges and other income) of $1,506.9 million reflected a marginal increase of 1.4% from $1,486.3 million reported in the year-ago quarter and was above the Zacks Consensus Estimate of $1,497 million.
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820656b6-e724-4eac-a037-40814c9a8570
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720036.0
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2013-10-28 00:00:00 UTC
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Dillard's Reiterated at Outperform - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-reiterated-at-outperform-analyst-blog-2013-10-28
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nan
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nan
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On Oct 21, 2013, we reiterated our long-term recommendation on Dillard's Inc. ( DDS ) at Outperform, based on its strong bottom-line results for the second consecutive quarter.
Why Outperform?
With a positive earnings surprise of 21.5% in the second quarter, the company has surpassed the Zacks Consensus Estimate for the second consecutive quarter as well as thrice in the trailing 4 quarters. The average earnings surprise for the past 4 quarters was approximately 16.0%.
The company's second-quarter fiscal 2013 earnings benefitted from the successful execution of its long-term growth strategies and the strength of its distinguished and varied assortments.
We expect the company to maintain this trend of posting positive earnings surprises in the years ahead, based on its focus on boosting productivity at existing stores, developing a leading omni-channel platform and enhancing its presence domestically.
Looking at the products offering, we note the company's strategy of offering more fashion-forward and trendy products has effectively attracted more customers to its stores. This is evident from positive comparable store sales performance in the trailing 11 quarters. Further, improved comparable store sales performance and enhanced e-Commerce capabilities have helped Dillard's report sales growth over the last several quarters.
Moreover, its wholly owned Captive Insurance Company and REIT facilitate efficient risk management and boost its liquidity position. On the other hand, we appreciate the company's prudent inventory management that focuses more on conservative purchasing and efforts to better match the timing of receipts with demand, which ultimately result in reduced markdowns.
Other Stocks Worth Considering
Other stocks that are worth considering in the retail industry include Best Buy Co. Inc. ( BBY ), Fortune Brands Home & Security Inc. ( FBHS ) and Rite Aid Corp. ( RAD ). All these stocks carry a Zacks Rank #1 (Strong Buy).
BEST BUY (BBY): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Oct 21, 2013, we reiterated our long-term recommendation on Dillard's Inc. ( DDS ) at Outperform, based on its strong bottom-line results for the second consecutive quarter. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. The company's second-quarter fiscal 2013 earnings benefitted from the successful execution of its long-term growth strategies and the strength of its distinguished and varied assortments.
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On Oct 21, 2013, we reiterated our long-term recommendation on Dillard's Inc. ( DDS ) at Outperform, based on its strong bottom-line results for the second consecutive quarter. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. This is evident from positive comparable store sales performance in the trailing 11 quarters.
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BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 21, 2013, we reiterated our long-term recommendation on Dillard's Inc. ( DDS ) at Outperform, based on its strong bottom-line results for the second consecutive quarter. With a positive earnings surprise of 21.5% in the second quarter, the company has surpassed the Zacks Consensus Estimate for the second consecutive quarter as well as thrice in the trailing 4 quarters.
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On Oct 21, 2013, we reiterated our long-term recommendation on Dillard's Inc. ( DDS ) at Outperform, based on its strong bottom-line results for the second consecutive quarter. BEST BUY (BBY): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. With a positive earnings surprise of 21.5% in the second quarter, the company has surpassed the Zacks Consensus Estimate for the second consecutive quarter as well as thrice in the trailing 4 quarters.
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aa4d7c37-e9cf-4e8c-91a5-1ef28308a2e6
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720037.0
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2013-09-25 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for September 26, 2013
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-september-26-2013-2013-09-25
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nan
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nan
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on September 26, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on November 04, 2013. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over the prior quarter. At the current stock price of $80.02, the dividend yield is .3%.
The previous trading day's last sale of DDS was $80.02, representing a -15.64% decrease from the 52 week high of $94.86 and a 11.62% increase over the 52 week low of $71.69.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $7.66. Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 17.09%, compared to an industry average of -6.9%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 17.09%, compared to an industry average of -6.9%.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on September 26, 2013.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DDS was $80.02, representing a -15.64% decrease from the 52 week high of $94.86 and a 11.62% increase over the 52 week low of $71.69. For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on September 26, 2013. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS's current earnings per share, an indicator of a company's profitability, is $7.66.
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74080efa-6420-4ecd-bd5c-5b8785bc6647
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720038.0
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2013-09-24 00:00:00 UTC
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Don't Miss 50% Upside Because Of Short Sellers
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DDS
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https://www.nasdaq.com/articles/dont-miss-50-upside-because-short-sellers-2013-09-24
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nan
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nan
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When short sellers start circling the wagons, they can drive a stock down and keep it down for quite some time.
That goes even for a company that has no debt -- and has been consistently increasing shareholders' equity.
One such company also has high margins and generates impressively high returns on invested capital. Over the past four years, this company has maintained a return on invested capital ( ROIC ) of 35% or higher.
This company is Vera Bradley ( VRA ) , which, with a short interest of more than 50%, is one of the most shorted stocks in the market. While VRA has more than disappointed investors over the past 12 months, the market could be offering investors a great entry point for the long term.
The short interest in Vera comes as competition in the women's accessories market has been heating up. The success of Michael Kors ( KORS ) over the past year and a half has kept the short interest relatively high at Vera. But Kors appears to be much more of a threat to Coach ( COH ) than to Vera. Rising inventory levels had also managed to catch short sellers' attention. This was a result of too many Vera products flooding the market, but a refocus on strategy should improve inventory management.
Any sign of a turnaround over the next several quarters could well spur a short-covering rally, with the days to cover (that is, how many days it would take for all shorts to cover their position based on average trading volume) at 35. So once the market realizes that Vera is for real, then the short squeeze could be fierce.
Vera is a leading designer and retailer of accessories for women. The company is best known for its handbags, and bills itself as a lifestyle brand. Its products are in the accessible luxury category, which appeals to a larger clientele base. The company has a cultlike following. This comes as the company's products offer immense versatility.
New designs are released frequently to keep the brand fresh and encourage customers to shop for the company's latest offerings. This allows the brand to appeal to all demographics.
Irrespective of how the short-sellers feel, there is money to be made in Vera. The investment thesis is supported by three pillars. First, shares are extremely undervalued, and the company is incredibly cheap compared with its peers. Second, the company has a great business and a strong customer base. Third, the company has no debt.
Flickr/Jungle Jim's International MarketVera is best known for its handbags, and bills itself as a lifestyle brand. Its products are in the accessible luxury category, which appeals to a larger clientele base.
While CEO Michael Ray has done a great job in managing the company, he's not a "retail guy" -- he's more of a "finance guy" (which shows in how well run the company is financially). Ray is also the son-in-law to one of Vera's co-founders. Overall, his decision to retire as CEO is a major tailwind for the company.
Vera needs to bring in a retail/marketing CEO to increase sales and better connect with customers. The company's products are still in favor, as can be seen in Vera's sales, which more than doubled between 2009 and this year.
The new CEO also needs to reduce the overall merchandise assortment. Even Ray has acknowledged that the company has too many patterns, too many styles and too broad a selection. The company needs to reduce the number of stock keeping units (SKUs) and improve product line management. The good news is that the company is aware of this issue and has already cut 20% of the SKUs from next spring's collection.
There is also a need for the company to expand its outlet stores, which it has the balance sheet to do. This is where the company can sell its discontinued items. Vera can then increase the exposure of its latest items -- not discontinued items -- on its website. An increase in outlet stores would help drive sales and move discontinued products.
The company needs a sales outlet strategy that doesn't weaken the brand, but strengthens it. This is especially true with Vera, where it has found that its full-price and outlet shops cater to different clientele. The outlet stores cater to those who don't mind last year's style at a discount, and the other group favors the latest and most recent styles.
Vera already has a strong e-commerce business. In the second quarter, website traffic increased 20% compared with last year. Vera has had 45 million visitors to its website this year, and its Facebook page has 1.4 million followers. The retailer now has more than 2 million customers in its growing database.
Vera has a strong relationship with Dillard's ( DDS ) . The company invested in Vera Bradley fixtures for more than 100 Dillard's locations. Dillard's has 283 locations across the U.S., and the company has shown an increased willingness to support the Vera Bradley brand.
Vera is also compelling from a valuation perspective, trading below major peers. Vera trades with a forward price-to-earnings (P/E) ratio of 10.5, where Coach is at 12.8 and Michael Kors is 22. On an enterprise value/EBITDA (earnings before interest, taxes, depreciation and amortization) basis, Vera is at 6.6, compared with Coach's 8 and Kors' 19.
Risks to Consider: The first risk is that the overall macro environment remains weak, where the accessible luxury category is consumer discretionary. The company's handbags are not necessities, and so their purchase can be delayed. That has had a significant effect on the company over the past two years.
Action to Take --> Vera is in the early innings of its long-term growth story, and investors with patience will be well-rewarded. The company has high insider ownership, and once a new CEO is appointed, a lot of uncertainty will be removed. The potential upside is to $30, which is a price-to-sales multiple of 2 on Wall Street's 2015 sales estimates, driven by a returns to positive comparable store sales and improvements in its merchandise assortment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vera has a strong relationship with Dillard's ( DDS ) . New designs are released frequently to keep the brand fresh and encourage customers to shop for the company's latest offerings. The company needs to reduce the number of stock keeping units (SKUs) and improve product line management.
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Its products are in the accessible luxury category, which appeals to a larger clientele base. Vera has a strong relationship with Dillard's ( DDS ) . The potential upside is to $30, which is a price-to-sales multiple of 2 on Wall Street's 2015 sales estimates, driven by a returns to positive comparable store sales and improvements in its merchandise assortment.
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Vera has a strong relationship with Dillard's ( DDS ) . This company is Vera Bradley ( VRA ) , which, with a short interest of more than 50%, is one of the most shorted stocks in the market. The company's products are still in favor, as can be seen in Vera's sales, which more than doubled between 2009 and this year.
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Vera has a strong relationship with Dillard's ( DDS ) . This company is Vera Bradley ( VRA ) , which, with a short interest of more than 50%, is one of the most shorted stocks in the market. Second, the company has a great business and a strong customer base.
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58be5720-686c-4dd8-9a66-b04afcbd1d46
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720039.0
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2013-09-18 00:00:00 UTC
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Nordstrom to Open 2 New Stores - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/nordstrom-to-open-2-new-stores-analyst-blog-2013-09-18
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nan
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nan
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Going ahead with its store expansion strategy, Nordstrom Inc. ( JWN ) announced its plans to open two Nordstrom Rack stores in Summerlin, NV and Westwood, MA.
Located at The Shops at Summerlin, the first 36,000 square foot Nordstrom Rack store is scheduled to open by the fall of 2014. The Shops at Summerlin boasts nearly 125 shops and restaurants which includes Macy's, Inc. ( M ) and Dillard's Inc. ( DDS ).
This is the second Nordstrom Rack in the Las Vegas area. Currently, the company operates a full-line store at Fashion Show Mall and a Nordstrom Rack at Stephanie Street Center in the Las Vegas area.
The second Nordstrom Rack store slated to open is located at University Station in Westwood and covers 35,000 square feet. It will likely open by the spring of 2015. University Station is a retail, office, residential and hotel destination in Greater Boston spanning 2 million square feet. It boasts the presence of eminent retailers such as Target Corp . ( TGT ).
In 2007, Nordstrom first arrived in Greater Boston with its full-line store at Natick Mall. Since then, the company has opened three more full-line stores and four Rack stores in the area. On Sep 12, Nordstrom unveiled a Central Massachusetts Rack store at The Shoppes at Blackstone Valley in Millbury.
Nordstrom's Rack stores generally offer merchandise from Nordstrom stores, Nordstrom.com and special collections from many of the renowned brands offered at Nordstrom at a significantly reduced price to customers. A vast assortment of branded apparel, accessories and shoes that are available at Nordstrom stores are offered to customers at a discount of about 30%-70%.
Nordstrom's latest store openings signify the company's commitment to strengthen its network with the aim of driving top-line growth. Nordstrom's focus on store expansion is evident from the series of Rack store openings since the beginning of fiscal 2013. So far, the company has announced its plans to open more than 10 Rack stores in locations such as Riverside County, CA, Webster, TX; Brooklyn, NY; Skokie, IL and West Palm Beach, FL.
Nordstrom targets to double the number of Rack stores to more than 230 by 2016, with roughly 24 openings in 2013 and more than 30 in 2014. Currently, the company plans to open 12 more Rack stores during the remainder of 2013.
As of Sep 17, 2013, Nordstrom operated 252 stores, including 117 Nordstrom full-line stores, 132 Nordstrom Racks, 2 Jeffrey boutiques and 1 clearance outlet.
Seattle-based Nordstrom currently carries a Zacks Rank #3 (Hold).
DILLARDS INC-A (DDS): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Shops at Summerlin boasts nearly 125 shops and restaurants which includes Macy's, Inc. ( M ) and Dillard's Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the company operates a full-line store at Fashion Show Mall and a Nordstrom Rack at Stephanie Street Center in the Las Vegas area.
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DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. The Shops at Summerlin boasts nearly 125 shops and restaurants which includes Macy's, Inc. ( M ) and Dillard's Inc. ( DDS ). Going ahead with its store expansion strategy, Nordstrom Inc. ( JWN ) announced its plans to open two Nordstrom Rack stores in Summerlin, NV and Westwood, MA.
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The Shops at Summerlin boasts nearly 125 shops and restaurants which includes Macy's, Inc. ( M ) and Dillard's Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Going ahead with its store expansion strategy, Nordstrom Inc. ( JWN ) announced its plans to open two Nordstrom Rack stores in Summerlin, NV and Westwood, MA.
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The Shops at Summerlin boasts nearly 125 shops and restaurants which includes Macy's, Inc. ( M ) and Dillard's Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Going ahead with its store expansion strategy, Nordstrom Inc. ( JWN ) announced its plans to open two Nordstrom Rack stores in Summerlin, NV and Westwood, MA.
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c8de10ed-8516-46b5-b7dc-de77adb1375c
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720040.0
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2013-08-21 00:00:00 UTC
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Moving Average Crossover Alert: Dillard's, Inc. (DDS) - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/moving-average-crossover-alert%3A-dillards-inc.-dds-tale-of-the-tape-2013-08-21
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nan
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nan
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Dillard's, Inc. ( DDS ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DDS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 5.0% in the past four weeks. Plus, the company currently has a Zacks Rank #4 (Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. ( DDS ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the 50 Day Moving Average for DDS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
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Recently, the 50 Day Moving Average for DDS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. Dillard's, Inc. ( DDS ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dillard's, Inc. ( DDS ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DDS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dillard's, Inc. ( DDS ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DDS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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bc8e9aea-d723-4b58-a9fe-a6b48a06997b
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720041.0
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2013-08-15 00:00:00 UTC
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Mid-Morning Market Update: Markets Fall Sharply, Wal-Mart Lowers Profit View
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DDS
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-fall-sharply-wal-mart-lowers-profit-view-2013-08-15
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nan
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nan
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Following the market opening Thursday, the Dow traded down 1.24 percent to 15,147.59 while the NASDAQ declined 1.52 percent to 3,613.41. The S&P also fell, dropping 1.26 percent to 1,664.13.
Top HeadlineWal-Mart Stores (NYSE: WMT ) reported a rise in its fiscal second-quarter profit and lowered its full year earnings forecast. Wal-Mart now estimates full year earnings of $5.10 to $5.30 per share, versus its earlier outlook of as much as $5.40 per share. It expects Q3 profit of $1.11 to $1.16 per share, versus analysts' estimates of $1.17 per share. Wal-Mart's quarterly profit surged to $4.07 billion, or $1.24 per share, from $4.02 billion, or $1.18 per share, in the year-ago period. Excluding one-time items, Wal-Mart earned $1.25 per share, versus analysts' estimates of $1.25 per share. Its revenue increased 2.3 percent to $116.9 billion from $114.3 billion, while same-store sales dropped 0.3 percent.
Equities Trading UPVolterra Semiconductor (NASDAQ: VLTR ) shot up 53.99 percent to $22.79 after the company agreed to be acquired by Maxim Integrated (NASDAQ: MXIM ) for $23 per share. Shares of Dillard's (NYSE: DDS ) got a boost, shooting up 7.24 percent to $84.68 after the company reported upbeat second-quarter profit. Red Robin Gourmet Burgers (NASDAQ: RRGB ) was also up, gaining 7.55 percent to $61.00 on upbeat Q2 results.
Equities Trading DOWN Shares of Renren (NYSE: RENN ) were down 11.07 percent to $3.7350 on Q2 results. Analysts at Jefferies downgraded the stock from Hold to Underperform. E-Commerce China Dangdang (NYSE: DANG ) shares tumbled 8.97 percent to $9.35 after the company posted a Q2 net Loss of RMB63.9 million ($10.4 million). Smith & Wesson Holding Corporation (NASDAQ: SWHC ) was down, falling 6.96 percent to $11.33 after KeyBanc downgraded the stock from Hold to Underweight.
Commodities In commodity news, oil traded up 0.69 percent to $107.59, while gold traded down 0.72 percent to $1,323.80. Silver traded down 0.08 percent Thursday to $21.77, while copper fell 0.66 percent to $3.32.
Eurozone European shares were mostly lower on weak sentiment from Asia and some poor earnings reports while Italy's market was closed. The Spanish Ibex Index dropped 0.80 percent and the Italian FTSE MIB Index rose 0.48 percent. Meanwhile, the German DAX declined 0.93 percent and the French CAC 40 dropped 0.85 percent while U.K. shares fell 1.55 percent.
Economics US jobless claims declined 15,000 to 320,000 in the week ended August 10. However, economists were projecting claims to total 333,000 in the recent week. US consumer prices increased 0.2 percent in July, while the core CPI gained 0.2 percent. The Empire State manufacturing index declined to 8.2 in August, versus 9.5 in July. However, economists were expecting a reading of 9.5 in the month. Industrial production came in flat in July, versus economists' expectations for a 0.2 percent growth. The Bloomberg Consumer Confidence Index declined to -26.60 for the week ended August 11, versus a prior reading of -23.50. The NAHB housing market index increased 3 points to a reading of 59 in August. Economists were expecting a reading of 57. The Philadelphia Fed Manufacturing Index dropped to 9.30 in August, versus a prior reading of 19.80. However, economists were estimating a reading of 15.00. The Treasury is set to auction 3-month, 6-month and 52-week bills. Data on money supply will be released at 4:30 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's (NYSE: DDS ) got a boost, shooting up 7.24 percent to $84.68 after the company reported upbeat second-quarter profit. Top HeadlineWal-Mart Stores (NYSE: WMT ) reported a rise in its fiscal second-quarter profit and lowered its full year earnings forecast. Eurozone European shares were mostly lower on weak sentiment from Asia and some poor earnings reports while Italy's market was closed.
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Shares of Dillard's (NYSE: DDS ) got a boost, shooting up 7.24 percent to $84.68 after the company reported upbeat second-quarter profit. Excluding one-time items, Wal-Mart earned $1.25 per share, versus analysts' estimates of $1.25 per share. The Bloomberg Consumer Confidence Index declined to -26.60 for the week ended August 11, versus a prior reading of -23.50.
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Shares of Dillard's (NYSE: DDS ) got a boost, shooting up 7.24 percent to $84.68 after the company reported upbeat second-quarter profit. Following the market opening Thursday, the Dow traded down 1.24 percent to 15,147.59 while the NASDAQ declined 1.52 percent to 3,613.41. The Spanish Ibex Index dropped 0.80 percent and the Italian FTSE MIB Index rose 0.48 percent.
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Shares of Dillard's (NYSE: DDS ) got a boost, shooting up 7.24 percent to $84.68 after the company reported upbeat second-quarter profit. It expects Q3 profit of $1.11 to $1.16 per share, versus analysts' estimates of $1.17 per share. Equities Trading DOWN Shares of Renren (NYSE: RENN ) were down 11.07 percent to $3.7350 on Q2 results.
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4d634827-79c8-4747-b92d-8152fc8f0f96
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720042.0
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2013-08-12 00:00:00 UTC
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This Week's Surpise in Retail - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/weeks-surpise-retail-analyst-blog-2013-08-12
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nan
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nan
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The equity trade will see a number of retailers report profits this week. Retail is the last major sector to release profit results and will help finalize the view of the Q2 profit period. The SPDR Retail ETF ( XRT ) is trading just off its 52-week high despite the fact that retailers have provided uneven results in the past week. The chart displays the trend.
A summary of the mixed mood:
In recent sessions, American Eagle ( AEO ) and Aeropostale ( AEO ) guided profit expectations lower, while Ralph Lauren ( RL ) reported a disappointing quarter. However, Michael Kors ( KORS ) reported stronger than expected results, and Cato ( CATO ) guided its earnings to the high end of the forecast range. Lastly, Gap Stores ( GPS ) guided its Q2 EPS forecast higher, but its July same store sales were short of estimate.
The background for this week:
The table below displays a list of retailers reporting profits this week. The table highlights the number of positive earnings surprises in the last ten earnings releases and the date of the last negative earnings surprise. It also provides Zacks Earnings ESP and the Zacks Consensus Earnings Estimates for the reporting and coming quarters. The ESP is a proprietary method for determining which stocks have the best chance of surprising in their next earnings announcement. The percentage, if available, provides the expected surprise prediction.
Table highlights:
M has the strongest track record of meeting or beating earnings estimates. It has not disappointed investors over the last ten quarters. The last miss was May 2007. DDS and KSS have the next best track records. However, DSS last missed profit estimates for the January 2013 quarter. KSS has not missed a profit estimate since at least 2006, although it matched estimated twice in this period.
The Zacks ESP suggests that NWY has the best chance of posting a positive earnings surprise this week. DKS had the most negative ESP and seems most vulnerable to creating disappointment.
Seven of the eight stocks in the table are Zacks Rank #3 (hold) and one, KSS, is a Zacks Rank #4 (sell). This is an indication that earnings estimate revisions have been broadly neutral for the sector. It is curious that retail has performed well in 2013, while earnings estimates for a number of high profile department store and general merchandise retailers have been neutral compared to the market.
Looking forward:
The price reaction of these retailers to their earning results may depend more on the guidance for the coming quarter than the reported results. The flavor of back to school spending will shape the outlook for economic growth and lay the foundation for consumption during the holiday period when retailers bag most of their profits. The trade is interested in any impact from the slowdown in refinance activity, and the ability of consumers to spend in light of a falling savings rate.
Conclusions:
There are three insights from the table. First, NWY seems to have the best chance of positing a positive earnings surprise. Second, M has an impressive track record of surprising investors with favorable earnings news. Third, despite the run up in the retail sector, analysts are not expecting overly exciting results. Solid results with firm guidance could be the catalyst to take the S&P 500 over 1700. In contrast, a poor outlook for spending in back half of 2013 could lift the case for taking profits and solidify the 1700 hurdle.
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
CATO CORP A (CATO): Get Free Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MICHAEL KORS (KORS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
NEW YORK & CO (NWY): Free Stock Analysis Report
PERRY ELLIS INT (PERY): Free Stock Analysis Report
RALPH LAUREN CP (RL): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
SPDR-SP RET ETF (XRT): ETF Research Reports
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDS and KSS have the next best track records. AMER EAGLE OUTF (AEO): Free Stock Analysis Report CATO CORP A (CATO): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NEW YORK & CO (NWY): Free Stock Analysis Report PERRY ELLIS INT (PERY): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. The flavor of back to school spending will shape the outlook for economic growth and lay the foundation for consumption during the holiday period when retailers bag most of their profits.
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AMER EAGLE OUTF (AEO): Free Stock Analysis Report CATO CORP A (CATO): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NEW YORK & CO (NWY): Free Stock Analysis Report PERRY ELLIS INT (PERY): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. DDS and KSS have the next best track records. A summary of the mixed mood: In recent sessions, American Eagle ( AEO ) and Aeropostale ( AEO ) guided profit expectations lower, while Ralph Lauren ( RL ) reported a disappointing quarter.
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AMER EAGLE OUTF (AEO): Free Stock Analysis Report CATO CORP A (CATO): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NEW YORK & CO (NWY): Free Stock Analysis Report PERRY ELLIS INT (PERY): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. DDS and KSS have the next best track records. The table highlights the number of positive earnings surprises in the last ten earnings releases and the date of the last negative earnings surprise.
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DDS and KSS have the next best track records. AMER EAGLE OUTF (AEO): Free Stock Analysis Report CATO CORP A (CATO): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NEW YORK & CO (NWY): Free Stock Analysis Report PERRY ELLIS INT (PERY): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. Retail is the last major sector to release profit results and will help finalize the view of the Q2 profit period.
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37c4a62e-5dd8-4045-ab56-e203ef56d2b5
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720043.0
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2013-07-09 00:00:00 UTC
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Retailer Leadership Appears a Market Pillar - Real Time Insight
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DDS
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https://www.nasdaq.com/articles/retailer-leadership-appears-market-pillar-real-time-insight-2013-07-09
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nan
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nan
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Below the surface of today's positive price action, the ICSC Chain Store Sales index hit a new high for the year. The July 4 weekend saw healthy consumer demand, and is propelling retail shares to new highs basis the SPDR S&P Retail ETF ( XRT ).
The strength in the retail sector has come despite a material slowdown in refinance activity in recent weeks. The bid in the retail sector is complemented by the banking sector where the SPDR S&P Bank ETF ( KBE ) is at new highs, and overcoming a few downgrades and talk of higher leverage ratios for large institutions.
A positive factor for the overall market rests in the strength of the bank and consumer sectors. Nothing is absolute, but a market seeing strength in banks and retailers should support the confidence of buyers.
Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ).
What do you think: Will the banks and the retailers lead the S&P 500 to new highs?
BON-TON STORES (BONT): Get Free Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
SPDR-KBW BANK (KBE): ETF Research Reports
WET SEAL INC -A (WTSL): Free Stock Analysis Report
SPDR-SP RET ETF (XRT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. Below the surface of today's positive price action, the ICSC Chain Store Sales index hit a new high for the year.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. The bid in the retail sector is complemented by the banking sector where the SPDR S&P Bank ETF ( KBE ) is at new highs, and overcoming a few downgrades and talk of higher leverage ratios for large institutions.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. The bid in the retail sector is complemented by the banking sector where the SPDR S&P Bank ETF ( KBE ) is at new highs, and overcoming a few downgrades and talk of higher leverage ratios for large institutions.
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3110e749-a539-44bd-b799-aa38197f6abc
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720044.0
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2013-07-09 00:00:00 UTC
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Retailer Leadership Appears a Market Pillar - Real-Time Insight
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DDS
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https://www.nasdaq.com/articles/retailer-leadership-appears-market-pillar-real-time-insight-2013-07-09-0
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nan
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nan
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Below the surface of today's positive price action, the ICSC Chain Store Sales index hit a new high for the year. The July 4 weekend saw healthy consumer demand, and is propelling retail shares to new highs basis the SPDR S&P Retail ETF ( XRT ). The strength in the retail sector has come despite a material slowdown in refinance activity in recent weeks. The bid in the retail sector is complemented by the banking sector where the SPDR S&P Bank ETF ( KBE ) is at new highs, and overcoming a few downgrades and talk of higher leverage ratios for large institutions. A positive factor for the overall market rests in the strength of the bank and consumer sectors. Nothing is absolute, but a market seeing strength in banks and retailers should support the confidence of buyers.
Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ).
What do you think: Will the banks and the retailers lead the S&P 500 to new highs?
Prior to employment at Zacks, Nick Kalivas was an equity index and interest rate strategist for the World's largest non-bank futures broker and provided research consulting services to a commodity trading advisor. He was a featured contributor on the Chicago Mercantile Exchange's Commentary Webpage, has won forecasting awards from the Chicago Federal Reserve Economic Symposium, and has appeared as a market expert in both print and broadcast media.
BON-TON STORES (BONT): Get Free Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
SPDR-KBW BANK (KBE): ETF Research Reports
WET SEAL INC -A (WTSL): Free Stock Analysis Report
SPDR-SP RET ETF (XRT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. Below the surface of today's positive price action, the ICSC Chain Store Sales index hit a new high for the year.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. The bid in the retail sector is complemented by the banking sector where the SPDR S&P Bank ETF ( KBE ) is at new highs, and overcoming a few downgrades and talk of higher leverage ratios for large institutions.
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Given the strength of retail names and signs the consumer is healthy, it may be worth checking out a few Zacks #1 Rank (Strong Buy) retailers like Wet Seal ( WTSL ) Dillard's ( DDS ), or Bon Ton Stores ( BONT ). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report SPDR-KBW BANK (KBE): ETF Research Reports WET SEAL INC -A (WTSL): Free Stock Analysis Report SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. The July 4 weekend saw healthy consumer demand, and is propelling retail shares to new highs basis the SPDR S&P Retail ETF ( XRT ).
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e7e5148d-1f30-4ed9-b93b-057517abdc71
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720045.0
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2013-07-05 00:00:00 UTC
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Sears Plagued With Problems
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DDS
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https://www.nasdaq.com/articles/sears-plagued-problems-2013-07-05
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nan
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nan
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Over 4,000 Sears and Kmart retail stores in the US and Canada, yet Sears Holdings Corp (NASDAQ:SHLD) continues to struggle to achieve profitability. Dwindling sales, bad management decisions, and apparently no attempts to improve branding strategies, have led to major declines in the company's stock price.
Most recently, Sears reported dismal Q1 earnings, posting a massive net loss of $2.63 per share, down from a profit of $1.78 per share in the prior year quarter. The steep slide far exceeded analysts' consensus estimate for a loss of $0.60 per share. Revenue dropped 9% to $8.5 billion, also missing analyst expectations of $8.74 billion. While unfavorable weather was partly to blame for soft sales of spring seasonal merchandise, it fails to account for the overall weakness — especially in the beleaguered Kmart division.
Sears continues to present a dreary image — for Q1 2013, the Company reported a year-on-year same-store sales decline of 3.6%, i.e. seven straight years of same-store sales declines. The only positive number was a 20% increase in on-line sales.
The company has been working to better integrate its on-line channel and retail stores, and to leverage the millions of customers in its loyalty program called "Shop Your Way". "Shop Your Way" has generated more than 60% of the Company's revenues in the last quarter, and on average, the members of the program spent 18% more money in the stores than those who were not members.
However, just a boost in on-line sales would not be enough for the Company to stage a turnaround. The company took a $3 billion dollar loss in fiscal year 2012, and is expected to lose considerable amounts at least through fiscal 2016. The main reason the Company has been able to survive over the past few years was due to sales of real estate and other assets. Massive store closures, especially at Kmart, and tighter inventory controls have also helped. Yet Sears lacks the one thing it truly needs to bounce back — a viable plan to reverse seven consecutive years of declining same-store sales.
Based on Market IQ's proprietary Fundamental metrics the Company is bleeding red ink across the board. Sears is the worst performer in its peer group as seen on the Quality-Value chart below.
For more insights, visit the Market IQ blog.
The above Quality - Value chart consists of the following companies: Sears Holdings Corporation (NASDAQ:SHLD), BonTon Stores Inc.(NASDAQ:BONT), Saks Inc. (NYSE:SKS), Macys Inc. (NYSE:M), Dillards Inc.(NYSE:DDS), and J.C. Penney Co. Inc.(NYSE:JCP).
Sear's fundamental stock Quality is worse than 75% of its peers. This is mainly due to weak revenue growth, decline in net income, poor profit margins, and weak Financial standing relative to its peer group.
The department-store chain has seen revenues fall from $9.3 billion in Q1 2012 to $8.5 billion in Q1 2013. This along with an increase in SGA costs has led to a reduction in the bottom line from a gain of $189 million in Q1 2012 to a loss of $279 million in Q1 2013.
Gross margins have declined from 27.7% in Q1 2012 to 25.5% in Q1 2013. Increased clearance markdowns and bad timing mainly drove a decline in gross margins when it came to vendor allowances — especially with closing stores which led to inventory clearances.
The Company is carrying a significant amount of debt, as well as substantial pension fund liabilities. Sears has an Equity to Debt ratio of 0.26, which is lower than the industry average of 0.67, indicating weak Financial standing relative to its peer group. Additionally, Interest Coverage ratio of negative 0.83 is lower than the industry average of 3.11, indicating the firm's weak ability to meet its short-term obligations.
To add to the weak Quality metrics, Market IQ's Valuation parameters suggest that the firm is overpriced (see below).
Note: The table shows capped priced multiples
However, according to Sears Holdings' chairman, Eddie Lampert, the company's real estate portfolio is easily worth more than $20 billion. Assuming that assets are worth $20 billion, then this literally means that the company is sitting on top of an unconventional gold mine, making current market capitalization of $4.5 billion a bargain.
In recent years, Sears has made a habit of spinning off its holdings to raise cash and ease investor concerns over liquidity. SHC Realty was launched in 2010 to conventionally market available properties in an attempt to create value for stockholders by selling and leasing them. In December 2011, Sears completed the spin off of its Orchard Supply Hardware Stores chain. In 2012, the Company separated Sears's Outlet and Hometown and Hardware stores. Additionally, Sears completed a partial spin-off of its Canadian unit and sold 11 of its stores to mall operator General Growth Properties.
Earlier this year, Sears launched Seritage Realty Trust as a "nationwide developer of commercial real estate" to help oversee a Sears portfolio containing several properties. Most recently, Sears launched a new business unit Ubiquity Critical Environments, with the mission of converting some of the closed Sears and Kmart stores into facilities for data warehousing, network co-location centers, and business continuity operations. Ubiquity is also spearheading a new initiative to lease cell-towers to be built at existing Sears facilities.
Sears has also suggested that the company may divest itself of Lands' End, a higher-end apparel brand and e-commerce outlet that the company acquired in 2002, given their deteriorating financial performance. Other possibilities for sale are proprietary brands such as Kenmore and Craftsman.
Sears is stuck in the middle of an increasingly polarized department store market that has diverged into high-end and low-end spheres. As a mall-based mass merchant, Sears has failed to specify a niche and articulate the well-defined identity necessary to compete with high-end rivals like Nordstrom Inc.(NYSE:JWN) and Saks Inc. (NYSE:SKS). Additionally, its mall-heavy real estate portfolio has suffered as customers have flocked to stand-alone big-boxes like Target Corp. (NYSE:TGT), Target Corp. (NYSE:TGT), Wal-Mart Stores Inc. (NYSE:WMT), and Costco Wholesale Corporation (NASDAQ:COST), while its stores, starved of capital investment, often felt bedimmed.
Eddie Lampert, who has chosen to run it as a financial asset rather than a retail business, has grossly mismanaged the chain. With revenue on a downward trajectory for the past half-decade and the company posting considerable losses recently, many wonder what assets the company may unload next. Slipping sales, questionable strategies and tight finances doesn't warrant investment in the retail behemoth unless the company turns profitable or at least shows signs of a turnaround. However, despite dismal Fundamentals, the underlying or breakup value of Sears' real estate assets merits a substantially high Valuation, which may make Sears a potentially good investment.
Commentary by:
Adil Yousuf
http://themarketiq.com
info@themarketiq.com
1.800.604.0647
This commentary is for informational purposes only and does not constitute investment advice. The opinions offered herein are not recommendations to buy, sell or hold securities. Market IQ expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The above Quality - Value chart consists of the following companies: Sears Holdings Corporation (NASDAQ:SHLD), BonTon Stores Inc.(NASDAQ:BONT), Saks Inc. (NYSE:SKS), Macys Inc. (NYSE:M), Dillards Inc.(NYSE:DDS), and J.C. Penney Co. Inc.(NYSE:JCP). Dwindling sales, bad management decisions, and apparently no attempts to improve branding strategies, have led to major declines in the company's stock price. Note: The table shows capped priced multiples However, according to Sears Holdings' chairman, Eddie Lampert, the company's real estate portfolio is easily worth more than $20 billion.
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The above Quality - Value chart consists of the following companies: Sears Holdings Corporation (NASDAQ:SHLD), BonTon Stores Inc.(NASDAQ:BONT), Saks Inc. (NYSE:SKS), Macys Inc. (NYSE:M), Dillards Inc.(NYSE:DDS), and J.C. Penney Co. Inc.(NYSE:JCP). This is mainly due to weak revenue growth, decline in net income, poor profit margins, and weak Financial standing relative to its peer group. Sears has an Equity to Debt ratio of 0.26, which is lower than the industry average of 0.67, indicating weak Financial standing relative to its peer group.
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The above Quality - Value chart consists of the following companies: Sears Holdings Corporation (NASDAQ:SHLD), BonTon Stores Inc.(NASDAQ:BONT), Saks Inc. (NYSE:SKS), Macys Inc. (NYSE:M), Dillards Inc.(NYSE:DDS), and J.C. Penney Co. Inc.(NYSE:JCP). Over 4,000 Sears and Kmart retail stores in the US and Canada, yet Sears Holdings Corp (NASDAQ:SHLD) continues to struggle to achieve profitability. Sears continues to present a dreary image — for Q1 2013, the Company reported a year-on-year same-store sales decline of 3.6%, i.e. seven straight years of same-store sales declines.
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The above Quality - Value chart consists of the following companies: Sears Holdings Corporation (NASDAQ:SHLD), BonTon Stores Inc.(NASDAQ:BONT), Saks Inc. (NYSE:SKS), Macys Inc. (NYSE:M), Dillards Inc.(NYSE:DDS), and J.C. Penney Co. Inc.(NYSE:JCP). The company has been working to better integrate its on-line channel and retail stores, and to leverage the millions of customers in its loyalty program called "Shop Your Way". In December 2011, Sears completed the spin off of its Orchard Supply Hardware Stores chain.
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094c4b37-b0e5-4f21-87b8-6d94350c7c2c
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720046.0
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2013-06-25 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for June 26, 2013
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-june-26-2013-2013-06-25
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nan
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nan
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on June 26, 2013. A cash dividend payment of $0.05 per share is scheduled to be paid on August 05, 2013. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $80.18, the dividend yield is .25%.
The previous trading day's last sale of DDS was $80.18, representing a -15.48% decrease from the 52 week high of $94.86 and a 31.96% increase over the 52 week low of $60.76.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $7.5. Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 17.09%, compared to an industry average of 5.9%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
Interested in gaining exposure to DDS through an Exchange Traded Fund [ETF]?
The following ETF(s) have DDS as a top-10 holding:
PowerShares Dynamic Retail ( PMR )
PowerShares DWA Technical Leaders Portfolio ( PDP )
First Trust Cons. Discret. AlphaDEX ( FXD ).
The top-performing ETF of this group is FXD with an increase of 7.68% over the last 100 days. PMR has the highest percent weighting of DDS at 2.66%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 17.09%, compared to an industry average of 5.9%.
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DDS's current earnings per share, an indicator of a company's profitability, is $7.5. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on June 26, 2013.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DDS was $80.18, representing a -15.48% decrease from the 52 week high of $94.86 and a 31.96% increase over the 52 week low of $60.76. The following ETF(s) have DDS as a top-10 holding: PowerShares Dynamic Retail ( PMR ) PowerShares DWA Technical Leaders Portfolio ( PDP ) First Trust Cons.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS's current earnings per share, an indicator of a company's profitability, is $7.5. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on June 26, 2013.
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3c11d6ec-c99b-4780-8b02-da1fdaef22df
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720047.0
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2013-06-04 00:00:00 UTC
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Michael Kors Upgraded to Strong Buy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/michael-kors-upgraded-to-strong-buy-analyst-blog-2013-06-04
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nan
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nan
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On Jun 1, 2013, Zacks Investment Research upgraded Michael Kors Holdings Limited ( KORS ) to a Zacks Rank #1 (Strong Buy). Shares of this specialty retailer of apparel, accessories, cosmetics and footwear have amassed a year-to-date return of roughly 21%.
Why the Upgrade?
Michael Kors has been witnessing rising earnings estimates on the back of better-than-expected fourth-quarter fiscal 2013 results. The impressive results were attributable to growth across all business segments and geographies owing to the surge in demand and shop-in-shop store experience. Moreover, margin expansion contributed to the bottom-line growth.
The company declared sturdy fourth-quarter results on May 29, 2013, wherein earnings of 50 cents a share not only surpassed the Zacks Consensus Estimate of 37 cents but also portrayed a significant increase from 21 cents earned in the year-ago quarter.
If we look at the company's earnings surprise history, Michael Kors has outperformed the Zacks Consensus Estimate for 6 straight quarters by an average of 55%. In the recent concluded quarter, the company beat the Zacks' Estimate by 35.1%. The long-term expected earnings growth rate for this stock is 27.5%.
Michael Kors' total revenue soared 57.1% to $597.2 million in the quarter, and came ahead of the Zacks Consensus Estimate of $541 million. Retail net sales grew 58.8% to $272.7 million, reflecting comparable-store sales growth of 36.7% and the opening of net 67 new stores. Wholesale net sales surged 59.4% to $304.7 million, whereas licensing revenue jumped 15.7% to $19.8 million.
Management now projects total revenue in the range of $555 million to $565 million for first-quarter fiscal 2014 with expected comparable-store sales growth of 20%. Earnings are forecasted to be in the band of 46 cents to 48 cents a share for the quarter.
Michael Kors now envisions total revenue between $2.65 billion and $2.75 billion and comparable-store sales growth of 15% to 20% for fiscal 2014. Earnings are anticipated to be in the range of $2.43 to $2.47 per share for the fiscal year.
Following an upbeat guidance, the Zacks Consensus Estimate for fiscal 2014 rose 6.8% to $2.53 per share in the last 7 days. For fiscal 2015, the Zacks Consensus Estimate jumped 3.4% to $3.02 per share over the same time frame.
Other Stocks to Consider
Apart from Michael Kors, there are other stocks with a favorable Zacks Rank that are capable of continuing with their upbeat performances. These include Dillard's Inc. ( DDS ), Flowers Foods, Inc. ( FLO ) and Bon-Ton Stores, Inc. ( BONT ), all carrying a Zacks Rank #1 (Strong Buy).
BON-TON STORES (BONT): Get Free Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FLOWERS FOODS (FLO): Free Stock Analysis Report
MICHAEL KORS (KORS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These include Dillard's Inc. ( DDS ), Flowers Foods, Inc. ( FLO ) and Bon-Ton Stores, Inc. ( BONT ), all carrying a Zacks Rank #1 (Strong Buy). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. The impressive results were attributable to growth across all business segments and geographies owing to the surge in demand and shop-in-shop store experience.
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These include Dillard's Inc. ( DDS ), Flowers Foods, Inc. ( FLO ) and Bon-Ton Stores, Inc. ( BONT ), all carrying a Zacks Rank #1 (Strong Buy). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 1, 2013, Zacks Investment Research upgraded Michael Kors Holdings Limited ( KORS ) to a Zacks Rank #1 (Strong Buy).
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BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. These include Dillard's Inc. ( DDS ), Flowers Foods, Inc. ( FLO ) and Bon-Ton Stores, Inc. ( BONT ), all carrying a Zacks Rank #1 (Strong Buy). The company declared sturdy fourth-quarter results on May 29, 2013, wherein earnings of 50 cents a share not only surpassed the Zacks Consensus Estimate of 37 cents but also portrayed a significant increase from 21 cents earned in the year-ago quarter.
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These include Dillard's Inc. ( DDS ), Flowers Foods, Inc. ( FLO ) and Bon-Ton Stores, Inc. ( BONT ), all carrying a Zacks Rank #1 (Strong Buy). BON-TON STORES (BONT): Get Free Report DILLARDS INC-A (DDS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 1, 2013, Zacks Investment Research upgraded Michael Kors Holdings Limited ( KORS ) to a Zacks Rank #1 (Strong Buy).
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117f5494-e8f0-4ca8-bd3e-d9797fb6ce91
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720048.0
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2013-05-24 00:00:00 UTC
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Sears' 1Q Loss Widens - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/sears-1q-loss-widens-analyst-blog-2013-05-24
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nan
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nan
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Sears Holdings Corporation ( SHLD ) reported first-quarter fiscal 2013 adjusted loss per share of $1.29 per share, substantially widening from the year-ago quarter's loss per share of 51 cents. Quarterly results also compared unfavorably with the Zacks Consensus Estimate of 84 cents.
Including special items, the company's reported loss reached $2.63 per share compared with a loss per share of $1.78 posted in the prior-year period.
Quarterly Detail
Revenues inched down 8.8% to $8,452 million compared with $9,270 million in the year-ago quarter, primarily due to separation of Sears Hometown and Outlet business, reduction in the number of Kmart and Sears's full-line stores in operation during the quarter as well as lower comparable store sales. Sales also missed the Zacks Consensus Estimate of $10,028 million by a significant margin.
Segment wise, sales at Sears Domestic dipped 8.7% to $4,507 million, while Kmart sales declined 9.1% to $3,103 million. Moreover, sales at Sears Canada registered a decline of 8.2% to $842 million.
The company witnessed a 3.6% decline in Domestic comparable store sales, primarily attributable to cooler-than-usual spring weather across most parts of the country. On the other hand, Sears Canada reported comparable store sales decline of 2.6% during the quarter.
On the domestic front, comps at the company's Kmart stores fell 4.6% while Sears Domestic saw a 2.4% downside. The decline at Kmart was driven by weak performance at most categories with grocery & household, pharmacy and drugstore on the forefront. Comps at Sears Domestic mostly suffered due to weather-related declines in the lawn & garden category, as well as declines in consumer electronics and tools categories, offset by increases in the apparel and home categories.
Adjusted gross profit declined 31.4% to $2,164 million compared with $2,408 million reported in the first quarter of fiscal 2012. Consequently, gross profit margin contracted 40 basis points to 25.6%. The company's adjusted selling and administrative expenses declined 3.4% to $2,172 million, primarily due to lower payroll and advertising expenses.
Adjusted loss before interest, tax and depreciation in first quarter fiscal 2013 stood at $8 million, substantially below the adjusted EBITDA of $160 million earned in the year-ago comparable quarter. Adjusted operating loss came in at $184 million compared with a loss of $31 million in the year-ago quarter.
Balance Sheet and Cash Flow
Sears Holdings ended the quarter with cash and cash equivalents (including restricted cash) of $471 million and long-term debt and capitalized lease obligations of $1,929 million compared with a cash balance of $609 million and long-term debt and capitalized lease obligations of $1,943 million at the end of the year-ago quarter. The decline in cash balances during the quarter was mainly attributed to the elevated working capital requirements at Sears Canada. The company's shareholder equity stands at $2,921 million as of May 4, 2013.
Other Stocks to Consider
Sears Holdings currently holds a Zacks Rank #3 (Hold). Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). All these stocks hold a Zacks Rank #1 (Strong Buy).
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report To read this article on Zacks.com click here. The company witnessed a 3.6% decline in Domestic comparable store sales, primarily attributable to cooler-than-usual spring weather across most parts of the country.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). Sears Holdings Corporation ( SHLD ) reported first-quarter fiscal 2013 adjusted loss per share of $1.29 per share, substantially widening from the year-ago quarter's loss per share of 51 cents.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). Quarterly Detail Revenues inched down 8.8% to $8,452 million compared with $9,270 million in the year-ago quarter, primarily due to separation of Sears Hometown and Outlet business, reduction in the number of Kmart and Sears's full-line stores in operation during the quarter as well as lower comparable store sales.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). Quarterly Detail Revenues inched down 8.8% to $8,452 million compared with $9,270 million in the year-ago quarter, primarily due to separation of Sears Hometown and Outlet business, reduction in the number of Kmart and Sears's full-line stores in operation during the quarter as well as lower comparable store sales.
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f203fbba-2ba7-4cd4-aa0a-fd43d5001683
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720049.0
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2013-05-24 00:00:00 UTC
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Ross Stores Earnings Surge - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/ross-stores-earnings-surge-analyst-blog-2013-05-24
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nan
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nan
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Ross Stores Inc. ( ROST ), one of the leading off-price retailers of apparels and home accessories, came up with first-quarter fiscal 2013 earnings of $1.07 per share, surging 15.1% from 93 cents earned in the year-ago quarter, primarily attributable to its ability to attract bargain hunters who value both quality and price. However, quarterly earnings came in line with the Zacks Consensus Estimate.
Let's Dig Deep
Net sales for the 13-week period ended May 4, increased 8% to $2,539.9 million from $2,356.8 million in the prior-year quarter. This also surpassed the Zacks Consensus Estimate of $2,523.0 million. Comparable store sales for the 13-week period ended May 4 increased 3% versus 9% growth registered for the 13 weeks ended Apr 28, 2012.
During the quarter, Juniors and Accessories were the beat-performing categories, while Pacific Northwest, the Southwest and Calif. registered strong growth on a regional basis.
Gross profit, in dollar terms, increased 9.4% to $741.1 million from $677.7 million in the year-ago quarter, while gross margin improved 40 basis points (bps) to 29.2%. The year-over-year expansion in gross margin was primarily due to lower cost of goods sold as a percentage of sales.
Operating income for the quarter elevated 11.6% to $379.2 million from the prior-year level of $339.9 million. Operating margin expanded 50 bps to 14.9% benefiting from higher merchandise gross margin and favorable timing of expenses.
Other Financial Aspects
Ross Stores ended the first quarter with cash and cash equivalents of $714.2 million compared with $741.1 million at the end of the prior-year quarter. During the quarter, Ross Stores generated $352.9 million of cash from its operational activities. This will enable the company to make capital investments, pay dividends and repurchase shares.
As of May 4, 2013, the company possessed long-term debt of $150.0 million and shareholders' equity of $1,875.3 million.
During the quarter, the company bought back 2.3 million shares for $138 million. Looking ahead, the company plans to repurchase stock worth $550 million in fiscal 2013, under its 2-year $1.1 billion authorization approved in Jan 2013.
Guidance
Based on the solid first-quarter results, Ross Stores initiated its comps and earnings forecasts for the second quarter and fiscal 2013. The company projects second-quarter comps to grow in the range of 1% to 2%. Further, the company expects earnings per share in the range of 89 cents - 93 cents, representing an increase of 10% - 15% against growth of 27% registered in the second quarter of 2012.
For fiscal 2013, the company now expects earnings per share of about $3.70 - $3.81, versus its initial projection of $3.65 - $3.80 and fiscal 2012 earnings of $3.53.
A Look at the Zacks Rank
Currently, Ross Stores carries a Zacks Rank #3 (Hold). Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). All these stocks hold a Zacks Rank #1 (Strong Buy).
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, Juniors and Accessories were the beat-performing categories, while Pacific Northwest, the Southwest and Calif. registered strong growth on a regional basis.
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Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Ross Stores ended the first quarter with cash and cash equivalents of $714.2 million compared with $741.1 million at the end of the prior-year quarter.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). Gross profit, in dollar terms, increased 9.4% to $741.1 million from $677.7 million in the year-ago quarter, while gross margin improved 40 basis points (bps) to 29.2%.
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Other stocks worth considering in the retail-wholesale space are Conns Inc. ( CONN ), Dillard's Inc. ( DDS ) and Big 5 Sporting Goods Corp. ( BGFV ). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, the company bought back 2.3 million shares for $138 million.
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a2e408af-3d39-4fe5-a2f7-37512318b409
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720050.0
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2013-05-23 00:00:00 UTC
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Dollar Tree's Earnings Beat, Rev Misses - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dollar-trees-earnings-beat-rev-misses-analyst-blog-2013-05-23
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nan
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nan
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Dollar Tree Inc. ( DLTR ) reported robust results for the first quarter of fiscal 2013. The company's quarterly earnings of 59 cents per share came in ahead of the Zacks Consensus Estimate of 57 cents. Moreover, it outperformed the year-ago earnings of 50 cents per share, registering a year-over-year upside of 18%. The solid results came on the back of higher sales and improved margins.
The company posted revenue growth of 8.3% in the quarter to $1,865.8 million from $1,723.6 million in the prior-year quarter but fell short the Zacks Consensus Estimate of $1,875 million. During the quarter, sales benefited from a 2.1% increase in comparable store sales (comps) over the prior-year period comps of 5.6%.
Quarterly Details
Dollar Tree's quarterly gross profit climbed nearly 8.8% year over year to $656.0 million, while gross margin expanded 20 basis points to 35.2%. On the other hand, selling, general and administrative expenses escalated 6.0% to $439.4 million. However, as a percentage of revenue, it contracted 50 basis points to 23.6%.
Consequently, operating income for the quarter bolstered 15.2% to $216.6 million. Operating margin came in at 11.6%, up 90 bps from the year-ago period, primarily benefiting from the increase in gross margin and the contraction in selling, general and administrative expenses as a percentage of sales.
Balance Sheet
Dollar Tree ended first-quarter fiscal 2013 with cash and cash equivalents of $383.3 million compared with cash balance of $382.3 million at the end of first-quarter fiscal 2012. The company had an outstanding long-term obligation of $257.0 million as of May 4, 2013.
Merchandise inventories were up 15.4% year over year to $1,009.5 million. During the first quarter, the company spent $103.2 million on capital expenditure.
Share Repurchase
During the quarter, the company bought back 1.5 million shares worth about $68.4 million. At quarter-end, Dollar Tree had shares worth $791.3 million remaining under its share buyback program.
Store Update
In the first quarter, the company further expanded its store network by opening 94 stores, expanding or relocating 16 stores and shutting down 2 stores. This brings the company's total store count to 4,763 in 48 states and 5 Canadian Provinces as of May 4, 2013.
Looking Ahead
For the second quarter of fiscal 2013, Dollar Tree expects total sales in the range of $1.81 billion - $1.86 billion on the back of low single-digit positive comparable-store sales growth. Further, the company anticipates earnings in the range of 52 cents - 57 cents a share in the upcoming quarter.
For fiscal 2013, the company anticipates sales to reach the $7.81 billion - $7.97 billion range. Comps for the year are estimated to be in the low single-digit percentage range, while the company expects square footage growth of 7.3%. It projects earnings in the range of $2.61 - $2.77 per share for fiscal 2013, excluding any impact from share repurchases.
Dollar Tree is considered one of the best-positioned dollar store concepts, especially with its evolving multi-price point chain. We believe that the company is doing a commendable job internally by managing controllable inputs, including reducing stem miles, while increasing back-haul opportunities.
Dollar Tree currently holds a Zacks Rank #3 (Hold). Stocks that are performing well among retail-wholesale sector include Dillard's Inc. ( DDS ), Big 5 Sporting Goods Corp. ( BGFV ) and Conns Inc. ( CONN ), all of which carry a Zacks Rank #1 (Strong Buy).
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DOLLAR TREE INC (DLTR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks that are performing well among retail-wholesale sector include Dillard's Inc. ( DDS ), Big 5 Sporting Goods Corp. ( BGFV ) and Conns Inc. ( CONN ), all of which carry a Zacks Rank #1 (Strong Buy). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it outperformed the year-ago earnings of 50 cents per share, registering a year-over-year upside of 18%.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks that are performing well among retail-wholesale sector include Dillard's Inc. ( DDS ), Big 5 Sporting Goods Corp. ( BGFV ) and Conns Inc. ( CONN ), all of which carry a Zacks Rank #1 (Strong Buy). Balance Sheet Dollar Tree ended first-quarter fiscal 2013 with cash and cash equivalents of $383.3 million compared with cash balance of $382.3 million at the end of first-quarter fiscal 2012.
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Stocks that are performing well among retail-wholesale sector include Dillard's Inc. ( DDS ), Big 5 Sporting Goods Corp. ( BGFV ) and Conns Inc. ( CONN ), all of which carry a Zacks Rank #1 (Strong Buy). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report To read this article on Zacks.com click here. The company posted revenue growth of 8.3% in the quarter to $1,865.8 million from $1,723.6 million in the prior-year quarter but fell short the Zacks Consensus Estimate of $1,875 million.
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Stocks that are performing well among retail-wholesale sector include Dillard's Inc. ( DDS ), Big 5 Sporting Goods Corp. ( BGFV ) and Conns Inc. ( CONN ), all of which carry a Zacks Rank #1 (Strong Buy). BIG 5 SPORTING (BGFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report To read this article on Zacks.com click here. Dollar Tree Inc. ( DLTR ) reported robust results for the first quarter of fiscal 2013.
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c7eafbaa-0122-427a-9f4e-eec9dbc977d1
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720051.0
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2013-05-16 00:00:00 UTC
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Kohl's 1Q Earnings Beat, Outlook Up - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/kohls-1q-earnings-beat-outlook-up-analyst-blog-2013-05-16
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nan
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nan
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Kohl's Corporation ( KSS ) posted fiscal 2013-first quarter earnings of 66 cents, beating the Zacks Consensus Estimate of 58 cents per share by 13.8%. Earnings were ahead of management's expectation of 55 cents-63 cents per share and climbed 5.0% from the prior-year quarter earnings of 63 cents per share.
Although Kohl's suffered soft sales in the earlier months, conditions improved in April due to warm weather. Sales were below management's expectation, but bottom line rose on the back of gross margin improvement and tight expense control.
Sales and Margins
Net sales slipped 1.0% from the year-ago level to $4.20 billion, missing the Zacks Consensus Estimate of $4.26 billion. Kohl's' comparable store sales declined 1.9% from the prior-year quarter compared to a rise of 0.2% in the year-ago period. Low inventory turnover along with improper pricing and ineffective marketing strategies resulted in soft sales during the quarter.
Gross margin, expanded 50 basis points to 36.4% due to lower cost of merchandise. Operating margin was 7.5%, slightly down from 7.6% in the year ago quarter. Lower selling, general and administrative expenses were offset by higher depreciation expenses.
Store Update
Kohl's ended the quarter with 1,155 stores in 49 states, compared with 1,134 stores in the year-ago period. The company opened nine new stores during the first quarter of 2013. It has plans to open three new stores and remodel 30 more in the fall.
Other Financial Details
As of May 4, 2013, Kohl's held $518 million of current assets compared to $537 million in the previous quarter. Long term debt remained at $2.5 billion during the period.
Guidance
Kohl's issued guidance for the second quarter of 2013. The company expects earnings in the range of $1.00 to $1.08 per share, sales to increase in the range of 1%-3% and comparable store sales to increase in the range of 0%-2% in the quarter. Kohl's expects to repurchase shares worth $250.0 million in the same period.
Kohl's now has a Zacks Rank #3 (Hold). Other retail and wholesale stocks that warrant a look include Harris Teeter Supermarkets Inc ( HTSI ), Costco Wholesale Corporation ( COST ) and Dillard's Inc. ( DDS ). All of them carry a Zacks Rank #2 (Buy)
COSTCO WHOLE CP (COST): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
HARRIS TEETER (HTSI): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other retail and wholesale stocks that warrant a look include Harris Teeter Supermarkets Inc ( HTSI ), Costco Wholesale Corporation ( COST ) and Dillard's Inc. ( DDS ). All of them carry a Zacks Rank #2 (Buy) COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Although Kohl's suffered soft sales in the earlier months, conditions improved in April due to warm weather.
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Other retail and wholesale stocks that warrant a look include Harris Teeter Supermarkets Inc ( HTSI ), Costco Wholesale Corporation ( COST ) and Dillard's Inc. ( DDS ). All of them carry a Zacks Rank #2 (Buy) COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Kohl's Corporation ( KSS ) posted fiscal 2013-first quarter earnings of 66 cents, beating the Zacks Consensus Estimate of 58 cents per share by 13.8%.
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All of them carry a Zacks Rank #2 (Buy) COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Other retail and wholesale stocks that warrant a look include Harris Teeter Supermarkets Inc ( HTSI ), Costco Wholesale Corporation ( COST ) and Dillard's Inc. ( DDS ). Store Update Kohl's ended the quarter with 1,155 stores in 49 states, compared with 1,134 stores in the year-ago period.
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Other retail and wholesale stocks that warrant a look include Harris Teeter Supermarkets Inc ( HTSI ), Costco Wholesale Corporation ( COST ) and Dillard's Inc. ( DDS ). All of them carry a Zacks Rank #2 (Buy) COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings were ahead of management's expectation of 55 cents-63 cents per share and climbed 5.0% from the prior-year quarter earnings of 63 cents per share.
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641828c3-1e9a-45b4-aaad-177ed8cabd1e
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720052.0
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2013-05-16 00:00:00 UTC
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Dillard's Posts Strong 1Q Earnings - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-posts-strong-1q-earnings-analyst-blog-2013-05-16
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nan
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nan
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, kick started fiscal 2013 with strong first-quarter earnings that benefited from a robust comparable store sales performance combined with gross-margin improvement and prudent cost control measures.
First-quarter earnings per share of $2.40 grew 27% from $1.89 reported in the prior-year quarter and surpassed the Zacks Consensus Estimate of $2.08.
Sales & Comps
Dillard's net sales (including CDI Contractors LLC or CDI) remained almost flat at $1,549.1 million in the first quarter compared to the year-ago quarter. Merchandise sales, excluding CDI, came in at $1,530 million compared with $1,522 million in the year-ago quarter. The company's total revenue (including service charges and other income) of $1,589.4 million was marginally above $1,586.0 million reported in the year-ago quarter and in line with the Zacks Consensus Estimate.
Merchandise comparable store sales (comps) for the quarter were up 1% compared to a 5% increase in the first quarter of 2012.
During the quarter, ladies' accessories and lingerie as well as juniors' and children's apparel were the outperforming categories, offset by lowest sales at the home and furniture categories. The best performing region was Central, followed by the East and West.
Operating Results
In the first quarter, gross margin from retail operations (excluding CDI) expanded 110 basis points to 39.9%, while consolidated gross margin (including CDI) augmented 130 basis points to 39.5%.
Dillard's operating expenses for the quarter marginally waned to $390.2 million from $393.2 million in the prior-year quarter, driven by a decline in advertising expenses partially offset by an increase in selling payroll expenses. Operating expenses as a percentage of sales contracted 20 basis points to 25.2% in the quarter.
Other Financial Details
Dillard's ended the quarter with cash and cash equivalents of $156.0 million compared with $250.7 million last year. As of May 4, 2013, the company's long-term debt and capital leases slipped marginally to $622.1 million from $623.4 million as of Apr 28, 2012.
In the first quarter, the company's net cash flow from operations increased 39% to $136.9 million from $98.5 million in the year-ago quarter.
During the quarter, Dillard's bought back 1.4 million shares worth about $114.7 million, at a price of $79.12 per share.
During the quarter, the company divested its holdings in Fayetteville, Ark.-based e-Commerce company, Acumen Brands, for a pre-tax gain of $11.8 million. The gain is recorded in books as a gain on the disposal of assets.
Store Update
In the first quarter, Dillard's shut down its 94,000 square feet store in the Cache Valley Mall in Logan, Utah. Further, the company announced plans to close its 60,000 square feet store in Randolph Mall in Asheboro, N.C. The closure is expected to be completed in the second quarter of 2013.
As of May 4, 2013, Dillard's had about 283 namesake outlets and 18 clearance centers operating in 29 states and an Internet store at www.dillards.com. Total square footage as of May 4, 2013 was 50.9 million.
Looking into 2013
Dillard's expects fiscal 2013 depreciation and amortization expenses to be about $261 million, while rentals are projected at approximately $27 million. Moreover, the company expects to spend about $175 million toward capital expenditure in fiscal 2013, compared with $137 million spent in fiscal 2012.
Conclusion
Our forward outlook on Dillard's remains positive based on its strong performance over the last several quarters. We expect it to continue posting earnings and revenue growth in the upcoming quarters. The company currently holds a Zacks Rank #3 (Hold).
Other retailers currently performing well include Build-A-Bear Workshop Inc. ( BBW ), Big 5 Sporting Goods Corp. ( BGFV ) , both of which carry a Zacks Rank #1 (Strong Buy), and Gap Inc. ( GPS ) , which has a Zacks Rank #2 (Buy).
BUILD-A-BEAR WK (BBW): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, kick started fiscal 2013 with strong first-quarter earnings that benefited from a robust comparable store sales performance combined with gross-margin improvement and prudent cost control measures. BUILD-A-BEAR WK (BBW): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report To read this article on Zacks.com click here. First-quarter earnings per share of $2.40 grew 27% from $1.89 reported in the prior-year quarter and surpassed the Zacks Consensus Estimate of $2.08.
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BUILD-A-BEAR WK (BBW): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, kick started fiscal 2013 with strong first-quarter earnings that benefited from a robust comparable store sales performance combined with gross-margin improvement and prudent cost control measures. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) remained almost flat at $1,549.1 million in the first quarter compared to the year-ago quarter.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, kick started fiscal 2013 with strong first-quarter earnings that benefited from a robust comparable store sales performance combined with gross-margin improvement and prudent cost control measures. BUILD-A-BEAR WK (BBW): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report To read this article on Zacks.com click here. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) remained almost flat at $1,549.1 million in the first quarter compared to the year-ago quarter.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, kick started fiscal 2013 with strong first-quarter earnings that benefited from a robust comparable store sales performance combined with gross-margin improvement and prudent cost control measures. BUILD-A-BEAR WK (BBW): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report To read this article on Zacks.com click here. The company's total revenue (including service charges and other income) of $1,589.4 million was marginally above $1,586.0 million reported in the year-ago quarter and in line with the Zacks Consensus Estimate.
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c656282c-9247-4b52-a536-7b360d574de2
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720053.0
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2013-04-30 00:00:00 UTC
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Under Armour Gains Muscle, Q1 Sales Gains Strong
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DDS
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https://www.nasdaq.com/articles/under-armour-gains-muscle-q1-sales-gains-strong-2013-04-30
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nan
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nan
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All built up with a slew of new products, a major ad campaign and a growing retail presence, Under Armour is flexing its muscle.
That was the message the sports apparel outfit sent April 19 when it reported first-quarter results that beat views and raised 2013 operating income and revenue guidance.
Under Armour ( UA ) said it earned 7 cents a share, down 50% from a year earlier as it got hit by higher marketing and other costs. But earnings came in 4 cents ahead of forecasts by analysts polled by Thomson Reuters, helping to lift the stock. Revenue rose 23% to $471.6 million, topping estimates for $467.79 million.
It was the 15th straight quarter Under Armour scored double-digit sales growth.
"They're continuing to block and tackle and take share," said Piper Jaffray analyst Sean Naughton. "They were able to continue growing the top line at 23%, which is very admirable given they grew revenue 23% in the first quarter of last year."
Apparel sales popped 22% to $346 million, driven primarily by the launch of a new base-layer product and strong sales of fleece items. Accessory sales increased by the same amount to $36 million. Footwear sales rose by 27% to $81 million as it benefited from new running shoe styles led by its UA Spine Venom product.
Marketing Expenses
Naughton says a 42% increase in marketing expenses from a year earlier drove the earnings down, even with the nice bump in sales.
Under Armour also raised 2013 revenue guidance to a range of $2.21 billion to $2.23 billion from its prior outlook of $2.20 billion to $2.22 billion. It now expects 2013 operating income in the range of $256 million to $258 million, up from its prior estimate of $255 million to $257 million.
During the quarter, Under Armour got a nice lift from new products such as the Under Armour Alter Ego line of T-shirts featuring iconic superheroes such as Batman, Superman and Spider-Man. The line was the most successful product launch ever on its e-commerce site, said CEO Kevin Plank on the first-quarter conference call. It started shipping the line to its wholesale accounts late in the quarter.
To pitch its growing product lineup, it launched globally online its biggest worldwide marketing campaign to date. Featuring its "I Will" trademark, the campaign focuses on the passion and determination that drives all athletes and Under Armour's commitment to engineering innovative products that provide real performance advantages.
The campaign's principal creative spot features athletes such as Canelo Alvarez, boxing's welterweight World Champion. The commercial debuted on TV in the U.S. Feb. 16 on the TNT network during the NBA All-Star Weekend.
At the campaign launch event, Under Armour also showcased a new product, the Armour39 digital performance monitoring system. Launched in March, the product reflects an individual's overall effort during a workout session. It also tracks heart rate, calories burned and intensity.
Naughton says the Armour39 will be among the company's key growth products.
Under Armour is also gaining traction in footwear, says John Horan, publisher of Sporting Goods Intelligence, a weekly newsletter.
"Their footwear business is starting to get some real staying power," he said. "Their cleated business has definitely got a following and its Spine running business has given them some traction in running footwear."
On the conference call, Plank says Under Armour has gained market share in performance running as a result of its Spine technology platform.
In addition to upping its game on the product front, Under Armour is also revving up its brand power with an Olympic sponsorship. In February, it announced it will outfit USA Gymnastic athletes, coaches and staff through the 2020 Games.
The eight-year partnership marks Under Armour's first sponsorship of a national governing body for a summer Olympic sport. Under the pact, Under Armour will be the official performance apparel and footwear outfitter for USA Gymnastics during training and conditioning as well as national and international competition. Under Armour said it will collaborate with GK Elite Sportswear to create U.S. National Team competition apparel for men's and women's gymnastics, trampoline and tumbling.
Naughton says the Olympic sponsorship should be good for building the brand on a global stage as Under Armour looks to grow internationally. Right now, Under Armour gets only 6% to 7% of total sales outside of North America.
"International growth will likely show material acceleration beginning in 2015," wrote Sterne Agee analyst Sam Poser in a recent report. "We believe that management is licking its chops as it positions the brand in Brazil for the 2016 Olympics."
Brazilian Network
He says Under Armour has a distribution network set up in Brazil. And, he notes, Charlie Maurath, who became president of Under Armour International last September, has had more than eight years of recent experience heading up Latin America forAdidas AG ( ADDYY ).
Horan says the new marketing campaign carries much more of a global message than past efforts, and Under Armour should be able to build on that message as it looks to expand overseas.
Expanded distribution is also helping Under Armour gain some mileage. Within its youth category, which includes the Alter Ego line and its women's business, growth will come from expanding retail distribution at department stores such asMacy's ( M ), Dillard's ( DDS ) andNordstrom ( JWN ), says Naughton. He says Under Armour is growing its presence at these retailers in more stores. The assortment is more tailored to the consumer, who shops at department stores with the mix more weighted toward fashion athletic gear than sporting goods.
Analysts polled by Thomson Reuters expect full-year earnings to rise 21% to $1.46 a share. They expect a 26% gain in 2014.
"We are confident, based on our retail channel checks and Under Armour commentary, growth in all categories is sustainable," writes Poser. "Continued product improvement in youth and women's apparel, steady growth in footwear led by running, and an accelerating international business led by Latin America, positions the brand well for the future."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within its youth category, which includes the Alter Ego line and its women's business, growth will come from expanding retail distribution at department stores such asMacy's ( M ), Dillard's ( DDS ) andNordstrom ( JWN ), says Naughton. Featuring its "I Will" trademark, the campaign focuses on the passion and determination that drives all athletes and Under Armour's commitment to engineering innovative products that provide real performance advantages. And, he notes, Charlie Maurath, who became president of Under Armour International last September, has had more than eight years of recent experience heading up Latin America forAdidas AG ( ADDYY ).
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Within its youth category, which includes the Alter Ego line and its women's business, growth will come from expanding retail distribution at department stores such asMacy's ( M ), Dillard's ( DDS ) andNordstrom ( JWN ), says Naughton. On the conference call, Plank says Under Armour has gained market share in performance running as a result of its Spine technology platform. "Continued product improvement in youth and women's apparel, steady growth in footwear led by running, and an accelerating international business led by Latin America, positions the brand well for the future."
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Within its youth category, which includes the Alter Ego line and its women's business, growth will come from expanding retail distribution at department stores such asMacy's ( M ), Dillard's ( DDS ) andNordstrom ( JWN ), says Naughton. During the quarter, Under Armour got a nice lift from new products such as the Under Armour Alter Ego line of T-shirts featuring iconic superheroes such as Batman, Superman and Spider-Man. Naughton says the Olympic sponsorship should be good for building the brand on a global stage as Under Armour looks to grow internationally.
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Within its youth category, which includes the Alter Ego line and its women's business, growth will come from expanding retail distribution at department stores such asMacy's ( M ), Dillard's ( DDS ) andNordstrom ( JWN ), says Naughton. That was the message the sports apparel outfit sent April 19 when it reported first-quarter results that beat views and raised 2013 operating income and revenue guidance. Naughton says the Olympic sponsorship should be good for building the brand on a global stage as Under Armour looks to grow internationally.
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b96f5b28-f197-4e6d-b0fc-3078627d8689
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720054.0
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2013-04-25 00:00:00 UTC
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Iconix Posts Solid Earnings, Ups 2013 View - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/iconix-posts-solid-earnings-ups-2013-view-analyst-blog-2013-04-25
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nan
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nan
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Iconix Brand Group, Inc. ( ICON ) started the year on a strong note. Iconix posted first quarter 2013 adjusted earnings of 54 cents per share, surpassing the Zacks Consensus Estimate of 51 cents by 6% and the year-ago earnings of 43 cents by 26%. The bottom line was boosted by solid revenues and the company's brand portfolio, strengthened through acquisitions.
Quarter in Detail
Total revenue in the quarter surged 19% year over year to $105.1 million. Revenues surpassed the Zacks Consensus Estimate of $101 million.
On a year-over-year basis, earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 14.0% to $64.6 million in the first quarter.
Iconix exited the quarter with free cash flow of $51.8 million compared with $37.9 million at the end of the fourth quarter of 2012. Since Jan 1, 2013, the company has repurchased $210 million worth of shares at an average share price of $24.07.
Recent Acquisitions
Iconix successfully completed three acquisitions in the past five months.
In early-Dec 2012, Iconix acquired the renowned football brand Umbro from Nike, Inc. ( NKE ) in order to further strengthen its brand portfolio with an iconic brand. With this acquisition, the company now comprises 29 consumer brands in the fashion, athletics, electronics, entertainment and home industries. Further, these brands are expected to generate approximately $13 billion in retail sales globally, with over $2.5 billion attributable to the company's portfolio of athletic brands.
Later, in early-Feb 2013, Iconix formed a joint venture with Buffalo International ULC to acquire a 51% interest in the latter's Buffalo David Bitton brand for $76.5 million in cash. According to the deal, Buffalo International will be the core licensee for the joint venture. Iconix will control the joint venture, manage the brand's operations and expand its retail footprint in the U.S. and Canada. The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. It also has 30 standalone retail stores, mainly in Canada.
In late-Feb 2013, Iconix acquired the renowned lifestyle brand Lee Cooper for $72 million in cash through the company's Luxembourg subsidiary, Iconix Luxembourg Holdings Sarl and strengthened its brand portfolio. Lee Cooper includes multiple lifestyle categories including men's and women's casual wear, footwear and accessories. Lee Cooper's portfolio of 35 international licensees is expected to generate approximately $14 million in annual royalty revenues and account for 33% of its overall business in 2013.
Guidance
Following the solid first quarter 2013 earnings, Iconix raised its 2013 adjusted earnings guidance to $2.10-$2.20 per share from the previously announced range of $2.05-$2.15 per share. The company had also raised its earnings guidance in the last quarter to account for the effect of the acquisition of Lee Cooper.
Iconix reaffirmed its revenue guidance in the range of $425-$435 million. Free cash flow is expected in the range of $203-$210 million for 2013.
We remain impressed with Iconix's strategic acquisitions and consistent expansion of licensing agreements. Iconix expects to explore additional opportunities and enhance its portfolio with brands. Iconix expects to deliver over 20% revenue and EPS growth for 2013. Iconix holds a Zacks Rank #1 (Strong Buy).
DILLARDS INC-A (DDS): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. With this acquisition, the company now comprises 29 consumer brands in the fashion, athletics, electronics, entertainment and home industries.
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DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. Iconix posted first quarter 2013 adjusted earnings of 54 cents per share, surpassing the Zacks Consensus Estimate of 51 cents by 6% and the year-ago earnings of 43 cents by 26%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. In early-Dec 2012, Iconix acquired the renowned football brand Umbro from Nike, Inc. ( NKE ) in order to further strengthen its brand portfolio with an iconic brand.
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The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Lee Cooper's portfolio of 35 international licensees is expected to generate approximately $14 million in annual royalty revenues and account for 33% of its overall business in 2013.
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59fc41bc-5ecf-4487-a3f1-36f793212933
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720055.0
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2013-04-17 00:00:00 UTC
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Dillard's Downgraded to Neutral - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-downgraded-to-neutral-analyst-blog-2013-04-17
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nan
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nan
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On Apr 10, we downgraded the departmental store chain retailer, Dillard's Inc . ( DDS ), to Neutral based on the company's lower-than-expected fourth-quarter fiscal 2012 results.
Why Neutral?
A fall in the Zacks Consensus Estimate was witnessed after the company reported below-than-expected results for the fourth quarter on Feb 25. Dillard's quarterly earnings of $2.87 per share and net sales of $2,106.3 million were below the Consensus Estimates of $2.90 and $2,140.0 million, respectively. Following this, the estimate for fiscal 2013 declined 2.8% to $7.00 per share. Thus the company currently holds a Zacks #4 Rank (Sell).
Apart from this, we remain apprehensive about the stock's future performance as margins are likely to remain under pressure due to rising input costs. In addition, the company operates in a competitive environment and strives to maintain its market share, actively competing with numerous manufacturers and distributors of apparel and home furnishing products such as Kohl's Corporation ( KSS ).
On the flip side, despite the earnings miss this quarter, our long-term outlook on Dillard's remains positive based on its strong performance over the last several quarters. Going forward, we expect it to continue posting earnings as well as revenue growth in the coming quarters.
Moreover, management is undertaking restructuring initiatives and inventory reduction efforts to reduce costs while boosting its profitability. We believe that Dillard's healthy balance sheet and adequate cash flows allow it to make shareholder-friendly moves, such as dividends and share repurchases.
Moreover, we believe that Dillard's wholly-owned Captive Insurance Company and REIT auger well for its risk management abilities as well as boost its liquidity position.
Other Stocks Worth Considering
Other stocks worth considering in the departmental store chain industry are Macy's Inc . ( M ) and Bon-Ton Stores Inc. ( BONT ). Currently, Macy's has a Zacks Rank #1 (Strong Buy) while Bon-Ton holds a Zacks Rank #2 (Buy).
BON-TON STORES (BONT): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ), to Neutral based on the company's lower-than-expected fourth-quarter fiscal 2012 results. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the company operates in a competitive environment and strives to maintain its market share, actively competing with numerous manufacturers and distributors of apparel and home furnishing products such as Kohl's Corporation ( KSS ).
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BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ), to Neutral based on the company's lower-than-expected fourth-quarter fiscal 2012 results. On the flip side, despite the earnings miss this quarter, our long-term outlook on Dillard's remains positive based on its strong performance over the last several quarters.
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BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ), to Neutral based on the company's lower-than-expected fourth-quarter fiscal 2012 results. Dillard's quarterly earnings of $2.87 per share and net sales of $2,106.3 million were below the Consensus Estimates of $2.90 and $2,140.0 million, respectively.
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( DDS ), to Neutral based on the company's lower-than-expected fourth-quarter fiscal 2012 results. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. A fall in the Zacks Consensus Estimate was witnessed after the company reported below-than-expected results for the fourth quarter on Feb 25.
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14b41ce8-6a0e-4dac-96ae-42d44da6a9ae
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720056.0
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2013-03-28 00:00:00 UTC
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Bearish MACD for Dillard's, Inc. - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/bearish-macd-for-dillards-inc.-tale-of-the-tape-2013-03-28
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nan
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nan
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0128. The Zacks Rank #4 ("Sell") stock decreased more than 0.33% to $78.68 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending January 2014 has decreased by 20 cents over the past month to $7.00 per share.
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0128. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for the year ending January 2014 has decreased by 20 cents over the past month to $7.00 per share.
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0128. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0128. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0128. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank #4 ("Sell") stock decreased more than 0.33% to $78.68 in morning trade.
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3b0fffcc-65e3-4cc4-ab95-bcfa13c34436
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720057.0
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2013-03-25 00:00:00 UTC
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Dillard's Approves Share Buyback - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-approves-share-buyback-analyst-blog-2013-03-25
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nan
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nan
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, recently declared that its board of directors has approved a new share repurchase program. The new program reflects the company's sound financial position and well-defined future prospects.
The new open-ended share repurchase authorization permits Dillard's to buy back a maximum of $250 million of its Class A shares. Under the authorization, the company can repurchase its shares either from the open market or through privately negotiated transactions.
The new authorization came after the company completed its previous $250 million share buyback program approved in Feb 2012. As of Feb 2, 2013, Dillard's had authorization worth nearly $92.0 million remaining under its share repurchase program.
Dillard's has always been committed to creating value for its shareholders by returning capital in the form of dividends and share repurchase program. On Feb 28, the company declared a quarterly dividend of 5 cents per share on its common shares, payable on May 6, 2013 to stockholders of record as of Mar 28, 2013. Apart from this, in Dec 2012, the company paid a special cash dividend of $5.0 per share to the shareholders' of record date on Dec 7, 2012.
Dillard's strong balance sheet and cash flow provide financial flexibility in shareholder-friendly moves, and store and online business expansions. During fiscal 2012, it shelled out $185.5 million on share repurchases and $252.3 million on cash dividends. The company generated operating cash flow of $522.7 million, while cash and cash equivalents stood at $124.1 million at the end of the fiscal year.
Other companies that recently announced new share repurchase authorizations include Nordstrom Inc. ( JWN ), Discover Financial Services ( DFS ), and Mondelez International Inc . ( MDLZ ).
We believe that dividend payments and share repurchases not only enhance shareholder's return, but also raise the market value of the stock. Through dividend payments, companies bolster investors' confidence, persuading them to either buy or hold the scrip instead of selling. Looking ahead, Dillard's remains confident of its growth potential, suggesting enhanced value for shareholders via dividend payout as well as share buybacks.
DILLARDS INC-A (DDS): Free Stock Analysis Report
DISCOVER FIN SV (DFS): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MONDELEZ INTL (MDLZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, recently declared that its board of directors has approved a new share repurchase program. DILLARDS INC-A (DDS): Free Stock Analysis Report DISCOVER FIN SV (DFS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's strong balance sheet and cash flow provide financial flexibility in shareholder-friendly moves, and store and online business expansions.
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DILLARDS INC-A (DDS): Free Stock Analysis Report DISCOVER FIN SV (DFS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, recently declared that its board of directors has approved a new share repurchase program. As of Feb 2, 2013, Dillard's had authorization worth nearly $92.0 million remaining under its share repurchase program.
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DILLARDS INC-A (DDS): Free Stock Analysis Report DISCOVER FIN SV (DFS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, recently declared that its board of directors has approved a new share repurchase program. The new open-ended share repurchase authorization permits Dillard's to buy back a maximum of $250 million of its Class A shares.
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, recently declared that its board of directors has approved a new share repurchase program. DILLARDS INC-A (DDS): Free Stock Analysis Report DISCOVER FIN SV (DFS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report To read this article on Zacks.com click here. The new authorization came after the company completed its previous $250 million share buyback program approved in Feb 2012.
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b2313240-c984-452c-b0ab-51dd3331235c
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720058.0
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2013-03-25 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for March 26, 2013
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-march-26-2013-2013-03-25
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nan
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nan
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Dillard's, Inc. ( DDS ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $0.05 per share is scheduled to be paid on May 06, 2013. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -99.01% decrease from the prior quarter.
The previous trading day's last sale of DDS was $78.7, representing a -12.54% decrease from the 52 week high of $89.98 and a 29.53% increase over the 52 week low of $60.76.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $6.89. Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 10.76%, compared to an industry average of 16%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
Interested in gaining exposure to DDS through an Exchange Traded Fund [ETF]?
The following ETF(s) have DDS as a top-10 holding:
PowerShares Dynamic Retail ( PMR )
PowerShares DWA Technical Leaders Portfolio ( PDP )
First Trust Cons. Discret. AlphaDEX ( FXD ).
The top-performing ETF of this group is FXD with an increase of 13.42% over the last 100 days. PMR has the highest percent weighting of DDS at 2.66%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2014 as 10.76%, compared to an industry average of 16%.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on March 26, 2013.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DDS was $78.7, representing a -12.54% decrease from the 52 week high of $89.98 and a 29.53% increase over the 52 week low of $60.76. The following ETF(s) have DDS as a top-10 holding: PowerShares Dynamic Retail ( PMR ) PowerShares DWA Technical Leaders Portfolio ( PDP ) First Trust Cons.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. Dillard's, Inc. ( DDS ) will begin trading ex-dividend on March 26, 2013. The previous trading day's last sale of DDS was $78.7, representing a -12.54% decrease from the 52 week high of $89.98 and a 29.53% increase over the 52 week low of $60.76.
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dfa28bce-0a9d-468d-ac81-a9bee3299a71
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720059.0
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2013-03-19 00:00:00 UTC
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Bearish MACD for Dillard's, Inc. - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/bearish-macd-for-dillards-inc.-tale-of-the-tape-2013-03-19
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nan
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nan
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0319. The Zacks Rank #4 ("Sell") stock decreased more than 0.44% to $79.49 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending January 2014 has decreased by 20 cents over the past month to $7.00 per share.
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0319. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for the year ending January 2014 has decreased by 20 cents over the past month to $7.00 per share.
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0319. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0319. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. 's ( DDS ) MACD indicator has moved into bearish territory with a reading of -1.0319. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank #4 ("Sell") stock decreased more than 0.44% to $79.49 in morning trade.
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0155e8c9-12ac-4707-bd03-4460657c6380
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720060.0
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2013-03-13 00:00:00 UTC
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Retail Stocks: What to Buy and Why
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DDS
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https://www.nasdaq.com/articles/retail-stocks-what-buy-and-why-2013-03-13
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nan
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nan
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By Greg Jensen
As consumers, we often fool ourselves. We tell ourselves that we want certain things, but when they are offered we continue to do what we habitually do. Take JC Penney (JCP), for example. At the beginning of 2012, when JCP announced their new strategy, I, and seemingly everybody I spoke to or read, was pleased. Finally a department store was going to simplify things! Instead of marked up prices and endless sales we would get sensible pricing. We were going to be treated like adults! This was what we had been waiting for, and it would surely translate into sales and profits. Not so much. Fourth quarter earnings revealed a 28% year on year decline in sales; just one in a litany of disastrous earnings reports for the once proud retailer. The stock has reflected the performance.
Before you assume this is another “this time it’s the bottom, seriously, buy JCP now!” type of article, let me assure you I see no reason for things to change. If anything, a case could be made that the stock is still overvalued given the size of last year’s losses. It’s just interesting to me that presumably all of those people who said they wanted to be treated like grown-ups continued to be suckered in by “Fantastic savings! This week only!” etc.
So, if buying the ultimate distressed stock in the retail sector isn’t the answer, how are we supposed to respond to this morning’s great retail sales numbers? There are a couple of other department store stocks that I think may have room for improvement in a market that seems to be rapidly approaching, if not overtaking, fair value.
Little Rock, Arkansas based Dillard’s (DDS) still does things the old way, with coupons and sales. They missed earnings when they reported a couple of weeks ago, showing an EPS of $2.87 vs a street average of $2.90, but this could well be as a result of over enthusiastic upward revisions following two 28% beats in a row.
The resulting steep drop off from the $88 level is really just a healthy correction and an opportunity to buy at something other than nosebleed highs. With a P/E of around 12 there is still room for multiple expansion and as the consumer becomes more comfortable, the credit business could boost sales and revenue. A run up to triple digits looks very possible.
The other department store name that I like is Kohl’s (KSS).
Even as EPS estimates have risen, KSS has consistently met or beaten expectations. They have good brand recognition and seem to have a reputation for value. (I have no evidence for this other than anecdotal, but, to me at least, it seems to be widespread.) At a P/E of around 11, there would, once again seem to be room for some expansion. There has been a feeling for a while that consumers would trade up as the economy improves, but I am not so sure. The lessons of 08/09 still loom and value shopping seems to have lost some of its stigma. There is no shame in collecting Kohl’s Bucks.
This idea of the consumer trading up has also resulted in interest in higher end retailers such as Coach (COH) and Michael Kors (KORS). Both names may be interesting for different reasons. COH looks like value while KORS is pursuing aggressive growth, but for now my preference would be for a couple of established names that play the incentive game that we profess to hate, but can’t resist. Silly us!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Little Rock, Arkansas based Dillard’s (DDS) still does things the old way, with coupons and sales. There are a couple of other department store stocks that I think may have room for improvement in a market that seems to be rapidly approaching, if not overtaking, fair value. They missed earnings when they reported a couple of weeks ago, showing an EPS of $2.87 vs a street average of $2.90, but this could well be as a result of over enthusiastic upward revisions following two 28% beats in a row.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Little Rock, Arkansas based Dillard’s (DDS) still does things the old way, with coupons and sales. This idea of the consumer trading up has also resulted in interest in higher end retailers such as Coach (COH) and Michael Kors (KORS).
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Little Rock, Arkansas based Dillard’s (DDS) still does things the old way, with coupons and sales. Fourth quarter earnings revealed a 28% year on year decline in sales; just one in a litany of disastrous earnings reports for the once proud retailer. So, if buying the ultimate distressed stock in the retail sector isn’t the answer, how are we supposed to respond to this morning’s great retail sales numbers?
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Little Rock, Arkansas based Dillard’s (DDS) still does things the old way, with coupons and sales. Fourth quarter earnings revealed a 28% year on year decline in sales; just one in a litany of disastrous earnings reports for the once proud retailer. There are a couple of other department store stocks that I think may have room for improvement in a market that seems to be rapidly approaching, if not overtaking, fair value.
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45a2e39c-56a7-4470-80f9-1c6ff1330572
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720061.0
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2013-03-09 00:00:00 UTC
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Kohl's: A Retailer with Sound Management
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DDS
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https://www.nasdaq.com/articles/kohls-retailer-sound-management-2013-03-09
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nan
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nan
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The Kohl's History
Here's a timeline of Kohl's Corp ( KSS ) evolution:
1962: The first Kohl's department store was opened in Brookfield, Wis. Its founder Max Kohl had already succeeded in turning a small grocery store into the largest supermarket chain in the Milwaukee area. Max Kohl positioned its department store between the high-end stores and the discounters. He sold everything from shoes and candy to engine oil and sporting gear.
1978: A division of British American Tobacco PLC, purchased an 80% stake and subsequently took control of the entire business. The Kohl family withdrew from the management.
1983: British American Tobacco sold Kohl's food stores to Great Atlantic and Pacific Tea Company which subsequently closed all the food stores in 2003.
1986: A management-led group of investors formed Kohl's Corporation and acquired Kohl's Department Stores consisting of 40 stores and $300 million in annual sales from British American Tobacco.
1992: Kohl's Corp completed its IPO with 11.1 million shares. Late in 1996 and 2000 the stock split 2-to-1. Meanwhile, it joined S&P in 1998.
2001: Kohl's went online.
2008 : The current CEO Kevin Mansell took office in August and was also made the chairman in September 2009.
2011: Kohl's paid its first dividend and its e-commerce business exceeded $1 billion in revenue.
The Business
Kohl's is a U.S. department store chain headquartered in Wis. Its mission statement is: "To be the leading family-focused, value oriented, specialty department store offering quality exclusive and national brand merchandise to the customer in an environment that is convenient, friendly and exciting."
Financial Situation
At year-end (Jan 2012) Kohl's has a very healthy balance sheet with $1.2 billion in cash. It has $2.1 billion in long-term debt at an interest rate of 6%. It has $303 million in interest expense (out of which $183 million is rent expense) which is well covered by operating income of $2.1 billion.
Management
The CEO and Chairman of Kohl's in Kevin Mansell. He has 36 years of retail experience and has risen in Kohl's from Divisional Merchandise Manager in 1982 to CEO in August 2008 and Chairman since September 2009.
The strong generation of FCF from the business has been put to good use by buying back shares and starting a dividend in 2011. The company paid its first dividend in 2011 of $1 per share for the fiscal year. In February 2012, the dividend was hiked 28%.
The company also has a very large buyback program in place. In November 2012, the BoD increased the remaining authorization by $3.2 billion. Over the next three years, the company expects to repurchase its shares in the open market.
The management measures it performance by RoI, which is defined by earnings before interest, tax, depreciation and amortization, and rent divided by average gross investment. On the other hand, the RoIC is is around 9%. For a retailer, I would say, this is a very good return.
The company also has a stock-based compensation plan.
As of January 28, 2012, there were 18.5 million shares authorized and 16.1 million shares available for grant under the 2010 Long-Term Compensation Plan. Options and nonvested stock that are surrendered or terminated without issuance of shares are available for future grants. More than half of the stock options are underwater at the current price.
More than 50% of the shares are held by institutional investors.
Valuation
At current price of $46.66, Kohl's has -$0.9 billion in net debt and and $10.6 billion of market cap, for an EV of $11.5 billion.It trades at PE of 10.6 and EV/FCF of 9.5.
Also, notice that the leftover buyback will continue to increase the EPS and drive shareholder value.
Even a reasonable figure of 12 time FCF will land the share price at $63. A 30% discount for margin of safety will lead to buy price of $44.
Risks
Retail is hardly for the faint hearted. Numerous competitors, cut-throat pricing and fluid customers make it a very risky business. Management missteps will be dear for the shareholders.
Failure in the supply chain, inflation in price of raw material which cannot be passed to the customers, failure in effective capital allocation, seasonality of the business, consumer spending habits and many other factors may negatively impact the business.
The e-commerce business has lower margin than the stores and it seems that currently the e-commerce business is gaining revenue at the expense of the store business. This is because the e-commerce business has lower margin merchandise, has shipping costs and the investment to provide the infrastructure to run the e-commerce business take their toll on the margin.
Kohl's also runs a credit card operation. The proprietary Credit card accounts have been sold to an unrelated third party but Kohl's shares some of the risks. A failure in extending credit to customers will adversely affect the results.
Additional Disclosure
The data has been taken from Kohl's fact book, Kohl's proxy statement 2012, and Kohl's annual report 2011. Some of the graphs have been made by GuruFocus graphing tool and the data in the table is taken from Morningstar.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1978: A division of British American Tobacco PLC, purchased an 80% stake and subsequently took control of the entire business. He has 36 years of retail experience and has risen in Kohl's from Divisional Merchandise Manager in 1982 to CEO in August 2008 and Chairman since September 2009. The management measures it performance by RoI, which is defined by earnings before interest, tax, depreciation and amortization, and rent divided by average gross investment.
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1983: British American Tobacco sold Kohl's food stores to Great Atlantic and Pacific Tea Company which subsequently closed all the food stores in 2003. 1986: A management-led group of investors formed Kohl's Corporation and acquired Kohl's Department Stores consisting of 40 stores and $300 million in annual sales from British American Tobacco. As of January 28, 2012, there were 18.5 million shares authorized and 16.1 million shares available for grant under the 2010 Long-Term Compensation Plan.
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The Kohl's History Here's a timeline of Kohl's Corp ( KSS ) evolution: 1962: The first Kohl's department store was opened in Brookfield, Wis. Its founder Max Kohl had already succeeded in turning a small grocery store into the largest supermarket chain in the Milwaukee area. 1986: A management-led group of investors formed Kohl's Corporation and acquired Kohl's Department Stores consisting of 40 stores and $300 million in annual sales from British American Tobacco. The e-commerce business has lower margin than the stores and it seems that currently the e-commerce business is gaining revenue at the expense of the store business.
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1986: A management-led group of investors formed Kohl's Corporation and acquired Kohl's Department Stores consisting of 40 stores and $300 million in annual sales from British American Tobacco. As of January 28, 2012, there were 18.5 million shares authorized and 16.1 million shares available for grant under the 2010 Long-Term Compensation Plan. The e-commerce business has lower margin than the stores and it seems that currently the e-commerce business is gaining revenue at the expense of the store business.
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47b6087d-f2d3-4e07-8c93-46b9bd480656
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720062.0
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2013-02-26 00:00:00 UTC
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Dillard's Profits Surge, Misses Est - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-profits-surge-misses-est-analyst-blog-2013-02-26
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nan
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nan
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted record fourth-quarter and fiscal 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures.
Fourth quarter earnings per share of $2.87 grew 29.9% from $2.21 reported in the prior-year quarter but missed the Zacks Consensus Estimate of $2.90. For fiscal 2012, the company reported earnings of $6.32 per share, up 50.1% from $4.21 per share in fiscal 2011 but fell short of the Zacks Consensus Estimate of $6.33. Earnings for both 2012 periods include an additional week compared with the respective 2011 periods.
Sales & Comps
Dillard's net sales (including CDI Contractors LLC or CDI) jumped 6.9% to $2,106.3 million in the fourth quarter from $1,970.0 million in the year-ago quarter. Merchandise sales, excluding CDI, came in at $2,087 million compared with $1,946 million in the year-ago quarter. The company's total revenue (including service charges and other income) of $2,154.1 million surpassed the Zacks Consensus Estimate of $2,140 million. Sales results for the fourth quarter are for a 14-weeks period compared with a 13-week period for the fourth quarter of 2011.
On a 13 weeks comparable basis, the company's net sales improved 2% while comparable store sales (comps) for the quarter were up 3%.
During the quarter, ladies' accessories and lingerie as well as men's apparel and accessories were the outperforming categories. The category that witnessed the lowest sales was home and furniture. The best performing region was Central, followed by East and West.
For fiscal 2012, the company reported net sales (including CDI Contractors LLC or CDI) of $6,593.2 million, up 5.3% from $6,263.6 million in fiscal 2011. Merchandise sales rose 5% to $6,489 million compared with $6,194 million in the prior year. Total revenue (including service charges and other income) came in at $6,751.6 million, ahead of the Zacks Consensus Estimate of $6,735 million. Sales results for fiscal 2012 comprised 53 weeks compared to 52 weeks in fiscal 2011.
On a 52 weeks comparable basis, the company reported 3% increase in net sales while comparable store sales gained 4%.
Operating Results
In the fourth quarter, gross margin from retail operations (excluding CDI) expanded 40 basis points to 34.6%, while consolidated gross margin (including CDI) augmented 50 basis points to 34.4%.
Dillard's operating expenses for the quarter increased 7.7% to $474.9 million from $440.8 million in the prior-year quarter, mainly due to an additional week of operations in the quarter compared to the year-ago quarter. Operating expenses as a percentage of sales increased 10 basis points to 22.5% in the quarter.
Other Financial Details
Dillard's ended fiscal 2012 with cash and cash equivalents of $124.1 million compared with $224.3 million last year. As of Feb 2, 2013, the company's long-term debt and capital leases slipped marginally to $622.3 million from $623.9 million as of Jan 28, 2012. In fiscal 2012, the company generated net cash flow from operations of $522.7 million.
During the quarter, Dillard's bought back nearly 294,000 shares for about $23.4 million, at an average price of $79.69. For the year, the company repurchased about 2.8 million shares for a total of $185.5 million, at an average purchase price of $65.82. As of Feb 2, 2013, the company had authorization worth nearly $92.0 million remaining under its share repurchase program.
Further, in Dec 2012, the company rewarded shareholders by paying a special dividend of $5.00 per share.
Store Update
In the fourth quarter, Dillard's announced plans to close its 94,000 square feet store in the Cache Valley Mall in Logan, Utah. The closure is expected to be completed in the first quarter of 2013.
As of Feb 2, 2013, Dillard's had about 284 namesake outlets as well as 18 clearance centers operating in 29 states and an Internet store at www.dillards.com. Total square footage as of year-end was 52.3 million.
Looking into 2012
Dillard's expects fiscal 2013 depreciation and amortization expenses to be about $261 million, while rentals are projected at approximately $27 million. Moreover, the company expects to spend about $175 million toward capital expenditure in fiscal 2013, compared with $137 million spent in fiscal 2012.
Conclusion
Despite the earnings miss this quarter, our forward outlook for Dillard's remains positive based on its strong performance over the last several quarters. Going forward, we expect it to continue posting earnings as well as revenue growth in the coming quarters. The company currently holds a Zacks Rank #3 (Hold).
Other retailers currently performing well include Express Inc. ( EXPR ), Big 5 Sporting Goods Corp. ( BGFV ), both of which carry a Zacks Rank #1 (Strong Buy), and Guess Inc. ( GES ), which has a Zacks Rank #2 (Buy).
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
GUESS INC (GES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted record fourth-quarter and fiscal 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GUESS INC (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Operating Results In the fourth quarter, gross margin from retail operations (excluding CDI) expanded 40 basis points to 34.6%, while consolidated gross margin (including CDI) augmented 50 basis points to 34.4%.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GUESS INC (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted record fourth-quarter and fiscal 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) jumped 6.9% to $2,106.3 million in the fourth quarter from $1,970.0 million in the year-ago quarter.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted record fourth-quarter and fiscal 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GUESS INC (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Sales & Comps Dillard's net sales (including CDI Contractors LLC or CDI) jumped 6.9% to $2,106.3 million in the fourth quarter from $1,970.0 million in the year-ago quarter.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted record fourth-quarter and fiscal 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. BIG 5 SPORTING (BGFV): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report GUESS INC (GES): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2012, the company reported earnings of $6.32 per share, up 50.1% from $4.21 per share in fiscal 2011 but fell short of the Zacks Consensus Estimate of $6.33.
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ad776551-1167-4d0e-86c7-c65d3b245aba
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720063.0
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2013-02-25 00:00:00 UTC
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Mid-Day Market Update: Markets Turn Red, Dillard's Tumble On Downbeat Results
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DDS
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https://www.nasdaq.com/articles/mid-day-market-update-markets-turn-red-dillards-tumble-downbeat-results-2013-02-25
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nan
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nan
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Midway through trading Monday, the Dow traded down 0.33 percent to 13,954.03 while the NASDAQ fell 0.09 percent to 3,158.89. The S&P also fell, declining 0.33 percent to 1,510.58.
Index Technicals: The S&P 500 looks poised to defend the 1,500 mark while holding a support of 1,497, with 1,531 as the new resistance. 1515 will be a key area to watch for today.
The DOW is set up today with support at 13,860 as it looks to re-test its 14,058 highs.
The NASDAQ is poised to defend its 3130 support and its daily 50 EMA at 3,122.5 as it tries to regain a breakout over its September highs of 3,197.
The RUT is set to find support at 900 while regaining its 50 EMA at 910.40. The resistance looks to be set at 932 for the session.
Top Headline Barnes & Noble's (NYSE: BKS ) Chairman Mr. Leonard Riggio plans to bid for all the retail assets of the company, excluding the Nook digital reader business.
Equities Trading UP Zynga (NASDAQ: ZNGA ) shot up 13.01 percent to $3.61 after Nevada legalized first interstate online poker. Shares of Endo Health Solutions (NASDAQ: ENDP ) got a boost, shooting up 8.45 percent to $30.41. Endo Health appointed Rajiv De Silva as its new President and Chief Executive Officer. Barnes & Noble (NYSE: BKS ) was also up, gaining 9.46 percent to $14.79 after the company's Chairman Mr. Leonard Riggio plans to bid for all the retail assets of the company.
Equities Trading DOWN Affymax (NASDAQ: AFFY ) shares tumbled 85.53 percent to $2.39. Affymax and Takeda Pharmaceutical Company decided to voluntarily recall all lots of OMONTYS® Injection. Dynavax Technologies (NASDAQ: DVAX ) was also down, falling 32.32 percent to $2.01 after the US FDA rejected Dynavax's HEPLISAV, an investigational adult hepatitis B vaccine. Shares of Dillard's (NYSE: DDS ) were down 10.75 percent to $75.79, after the company reported downbeat Q4 results.
Commodities In commodity news, oil traded up 0.05 percent to $93.18, while gold traded up 1.08 percent to $1,589.80. Silver traded up 2.06 percent Monday to $29.05, while copper gained 0.33 percent to $3.55.
Eurozone European shares were higher after exit polls from Italy's election. Moody's downgraded U.K.'s sovereign credit rating to Aa1 from AAA. The Bank of Greece sees the Greek economy contracting 4.5 percent in 2013 with growth finally returning in 2014. The Spanish Ibex surged 0.80 percent, while the Italian MIB index jumped 0.73 percent. The STOXX Europe 600 Index fell 0.06 percent, London's FTSE 100 Index surged 1.01 percent, French CAC 40 Index rose 0.41 percent and German DAX 30 index gained 1.45 percent. Economics The Chicago Fed National Activity Index fell to -0.32 in January, versus 0.25 in December, missing economists' estimates of 0.02. The Dallas Fed general business activity index declined to 2.2 in February, versus 5.5 in January. The Treasury is set to auction 2-year notes at 1:00 p.m. ET. Atlanta Federal Reserve Bank President Dennis Lockhard will speak on the economic outlook in Knoxville, Tenn.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's (NYSE: DDS ) were down 10.75 percent to $75.79, after the company reported downbeat Q4 results. Top Headline Barnes & Noble's (NYSE: BKS ) Chairman Mr. Leonard Riggio plans to bid for all the retail assets of the company, excluding the Nook digital reader business. Equities Trading UP Zynga (NASDAQ: ZNGA ) shot up 13.01 percent to $3.61 after Nevada legalized first interstate online poker.
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Shares of Dillard's (NYSE: DDS ) were down 10.75 percent to $75.79, after the company reported downbeat Q4 results. Top Headline Barnes & Noble's (NYSE: BKS ) Chairman Mr. Leonard Riggio plans to bid for all the retail assets of the company, excluding the Nook digital reader business. Barnes & Noble (NYSE: BKS ) was also up, gaining 9.46 percent to $14.79 after the company's Chairman Mr. Leonard Riggio plans to bid for all the retail assets of the company.
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Shares of Dillard's (NYSE: DDS ) were down 10.75 percent to $75.79, after the company reported downbeat Q4 results. Midway through trading Monday, the Dow traded down 0.33 percent to 13,954.03 while the NASDAQ fell 0.09 percent to 3,158.89. Commodities In commodity news, oil traded up 0.05 percent to $93.18, while gold traded up 1.08 percent to $1,589.80.
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Shares of Dillard's (NYSE: DDS ) were down 10.75 percent to $75.79, after the company reported downbeat Q4 results. Midway through trading Monday, the Dow traded down 0.33 percent to 13,954.03 while the NASDAQ fell 0.09 percent to 3,158.89. Equities Trading DOWN Affymax (NASDAQ: AFFY ) shares tumbled 85.53 percent to $2.39.
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667bee17-9d4b-4a40-9253-8d24f66f2b62
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720064.0
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2013-02-21 00:00:00 UTC
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Iconix Beats, Ups View on Buyout - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/iconix-beats-ups-view-on-buyout-analyst-blog-2013-02-21
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nan
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nan
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Iconix Brand Group, Inc. ( ICON ) posted fourth quarter 2012 adjusted earnings of 41 cents per share, flat compared to the year-ago quarter. The results were ahead of the Zacks Consensus Estimate of 38 cents by 7.8%.
Quarter in Detail
Total revenue in the quarter declined 10.9% year over year to $85.1 million, due to year-over-year decline in the Men's businesses and transition of the Royal Velvet license. However, revenue surpassed the Zacks Consensus Estimate of $83 million.
On a year-over-year basis, earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased 12.7% to $50.0 million in the fourth quarter.
Iconix exited the quarter with free cash flow of $37.9 million, compared with $43.2 million at the end of the third quarter of 2012. In anticipation of full use of the $200 million share repurchase program which was authorized in October 2011, Iconix has announced a new share repurchase program to repurchase up to $300 million of its common stock over a three-year period.
Full Year 2012 Results
For the full year 2012, Iconix posted adjusted earnings of $1.70 per share, up a penny from the year-ago level. The results were ahead of Zacks Consensus Estimate of $1.66 by 2.4%.
Total revenue in the year declined 4.3% from 2011 to $353.8 million. Revenue also surpassed the Zacks Consensus Estimate of $350 million.
Recent Acquisition
On Feb 20, 2013 Iconix acquired the renowned lifestyle brand Lee Cooper for $72 million in cash through the company's Luxembourg subsidiary, Iconix Luxembourg Holdings Sarl. The acquisition will strengthen its brand portfolio and also help Iconix to expand in important international markets, which now account for 33% of its overall business.
In Feb 2013, Iconix formed a joint venture with Buffalo International ULC to acquire a 51% interest in the latter's Buffalo David Bitton brand for $76.5 million in cash. According to the deal, Buffalo International will be the core licensee for the joint venture. Iconix will control the joint venture, manage the brand's operations and expand its retail footprint in the U.S. and Canada.
The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. It also has 30 standalone retail stores, mainly in Canada.
Again, in early-Dec 2012, the company added sports apparel and footwear brand, Umbro from its peer Nike Inc. ( NKE ) to further strengthen its diversified portfolio.
Guidance
To account for the effect of the acquisition of Lee Cooper, Iconix raised its 2013 adjusted earnings guidance to $2.05-$2.15 from the previously announced range of $2.00-$2.10. Iconix also raised its revenue guidance to $425-$435 million from $415-$425 million. Currently the stock carries a Zacks Rank #3 (Hold).
DILLARDS INC-A (DDS): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. On a year-over-year basis, earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased 12.7% to $50.0 million in the fourth quarter.
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DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. Iconix Brand Group, Inc. ( ICON ) posted fourth quarter 2012 adjusted earnings of 41 cents per share, flat compared to the year-ago quarter.
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DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. In anticipation of full use of the $200 million share repurchase program which was authorized in October 2011, Iconix has announced a new share repurchase program to repurchase up to $300 million of its common stock over a three-year period.
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The brand offers denim, sportswear, activewear, and accessories that are primarily sold through 3000 department stores including Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Iconix exited the quarter with free cash flow of $37.9 million, compared with $43.2 million at the end of the third quarter of 2012.
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593bdbb5-bf1f-4e94-b4c0-b62fb13193f7
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720065.0
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2013-02-05 00:00:00 UTC
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Iconix Buys Brand; Ups 2013 View - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/iconix-buys-brand-ups-2013-view-analyst-blog-2013-02-05
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nan
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nan
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Iconix Brand Group, Inc. ( ICON ) has formed a joint venture with Buffalo International ULC to acquire a 51% interest in the latter's Buffalo David Bitton brand for $76.5 million cash. Per the deal, Buffalo International will be the core licensee for the joint venture. Iconix will control the joint venture, manage the brand's operations and expand its retail footprint in the U.S. and Canada.
The brand offers denim, sportswear, activewear, and accessories and is primarily sold through 3000 department stores including stores of Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. It also has 30 standalone retail stores, mainly in Canada.
With the 51% stake in Buffalo, Iconix looks forward to further grow its business and expand it in the U.S. as well as internationally. The company also expects the Buffalo brand to generate approximately $25 million in royalty revenue with earnings before interest, taxes, depreciation and amortization (EBITDA) margin of approximately 75-80% for the new joint venture on an annualized basis.
Enhanced 2013 Guidance
Following the Buffalo acquisition, Iconix raised its earnings and revenue guidance for 2013. The company now expects its revenue in the range of $415 million-$425 million for 2013, up from $395 million-$405 million expected previously. The company has also raised its adjusted earnings outlook to a range of $2.00-$2.10 from $1.85-$1.95 per share expected previously.
The company also expects increase in share repurchase activity for 2013. The company has already repurchased shares worth approximately $175 million under its current $200 million share repurchase plan. The company expects its weighted average diluted share count to be approximately 67-68 million for 2013.
Iconix has a proven record of growth through brand acquisitions, joint ventures or partnerships. The addition of this renowned lifestyle brand Buffalo is likely to expand Iconix's portfolio in all the categories for men, women and children. Recently, in early-Dec 2012, the company added sports apparel and footwear brand, Umbro from its peer Nike Inc. ( NKE ) to further strengthen its diversified portfolio. Also, Iconix completed its fourth international joint venture with Reliance Brands Limited in India during the second quarter of 2012, preceded by joint ventures in China, Europe and Latin America.
We believe Iconix's strategic acquisitions and consistent expansion of licensing agreements will expand itsglobal marketshare. Iconix is also increasing its penetration in the emerging markets where the middle class population is on the rise and consumer spending is positive. Iconix holds a Zacks Rank #3 (Hold).
DILLARDS INC-A (DDS): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The brand offers denim, sportswear, activewear, and accessories and is primarily sold through 3000 department stores including stores of Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The addition of this renowned lifestyle brand Buffalo is likely to expand Iconix's portfolio in all the categories for men, women and children.
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DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The brand offers denim, sportswear, activewear, and accessories and is primarily sold through 3000 department stores including stores of Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. Enhanced 2013 Guidance Following the Buffalo acquisition, Iconix raised its earnings and revenue guidance for 2013.
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DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The brand offers denim, sportswear, activewear, and accessories and is primarily sold through 3000 department stores including stores of Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. Iconix Brand Group, Inc. ( ICON ) has formed a joint venture with Buffalo International ULC to acquire a 51% interest in the latter's Buffalo David Bitton brand for $76.5 million cash.
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The brand offers denim, sportswear, activewear, and accessories and is primarily sold through 3000 department stores including stores of Macy's Inc. ( M ) and Dillard's Inc ( DDS ) and specialty store locations in over 18 countries around the world. DILLARDS INC-A (DDS): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The company also expects the Buffalo brand to generate approximately $25 million in royalty revenue with earnings before interest, taxes, depreciation and amortization (EBITDA) margin of approximately 75-80% for the new joint venture on an annualized basis.
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9aead61a-480d-457d-b071-f4cb22ff9387
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720066.0
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2013-02-01 00:00:00 UTC
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Under Armour Surpasses Estimates - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/under-armour-surpasses-estimates-analyst-blog-2013-02-01
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nan
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nan
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Strong performance in the Apparel category led Under Armour Inc . ( UA ) to post robust fourth-quarter 2012 results. The quarterly earnings of 47 cents a share came a penny ahead of the Zacks Consensus Estimate and surged 51% from the comparable year-ago quarter.
Total net revenue was also strong at $505.9 million, up 25.5% year over year and ahead of the Zacks Consensus Estimate of $498 million.
The company witnessed strong year-over-year performances across all its segments. Consequently, Under Armour now expects 2013 net revenue to be in the range of $2.20 billion to $2.22 billion, up 20%-21% year over year.
Category Performance
The company's largest product category, Apparel, witnessed a 25.1% increase in revenue to $404.5 million, reflecting growth across men's, women's and youth apparel businesses, and innovative products such as Studio product and Armour Bra. Under Armour remains optimistic about a healthy market for Studio product and Armour Bra.
Footwear net revenues soared 42.7% to $44.7 million, including the sturdy performance of the UA Spine. Moreover, the company witnessed strong growth in the 2013 line of new baseball cleats.
Net revenue in the Accessories category rose 15.8% to $42.6 million during the quarter, while Licensing revenues elevated 20.7% year over year to $14 million.
Baltimore, Md.-based Under Armour announced that direct-to-consumer net revenues surged 29% during the quarter, representing 39% of the total revenue.
Margins
Gross profit rose 22.3% to $254.2 million during the quarter, while gross profit margin contracted 130 basis points to 50.3%, reflecting unfavourable sales mix and rise in air freight costs.
Operating income increased 47.5% year over year to $81.6 million, whereas operating margin expanded 240 basis points, reflecting lower marketing and selling costs. Operating income is now projected to be in the range of $255 million - $257 million for 2013, up 22%-23% year over year.
Stores Update
Under Armour opened 5 new Factory House stores during the quarter, increasing the store count to 101. Going forward, the company intends to add 15 new All-American and 20 blue-chip shopping shops at Dick's Sporting Goods Inc . ( DKS ). Moreover, with strong performance across its Women's, Youth and Underwear segments, the company is witnessing growth in its floor space at its key department store distribution partners like Macy's Inc . ( M ), Dillard's Inc . ( DDS ) and Belk department stores.
Other financial Details
Under Armour ended the quarter with cash and cash equivalents of $341.8 million, total long-term debt of $62 million and shareholders' equity of $816.9 million. The company had no borrowings under its revolving credit facility of $300 million at the end of the quarter.
Capital expenditures were approximately $23 million for the quarter under review. Management now expects 2013 capital expenditures to be in the range of $80 million - $85 million.
Currently, Under Armour holds a Zacks Rank #4 (Sell).
DILLARDS INC-A (DDS): Free Stock Analysis Report
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) and Belk department stores. DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report To read this article on Zacks.com click here. Footwear net revenues soared 42.7% to $44.7 million, including the sturdy performance of the UA Spine.
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DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Belk department stores. Category Performance The company's largest product category, Apparel, witnessed a 25.1% increase in revenue to $404.5 million, reflecting growth across men's, women's and youth apparel businesses, and innovative products such as Studio product and Armour Bra.
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DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Belk department stores. Category Performance The company's largest product category, Apparel, witnessed a 25.1% increase in revenue to $404.5 million, reflecting growth across men's, women's and youth apparel businesses, and innovative products such as Studio product and Armour Bra.
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( DDS ) and Belk department stores. DILLARDS INC-A (DDS): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report To read this article on Zacks.com click here. Total net revenue was also strong at $505.9 million, up 25.5% year over year and ahead of the Zacks Consensus Estimate of $498 million.
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85756d8a-bcd8-4385-a280-a885a818d126
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720067.0
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2013-01-22 00:00:00 UTC
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Upside momentum behind Dillard's bet
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DDS
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https://www.nasdaq.com/articles/upside-momentum-behind-dillards-bet-2013-01-22
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nan
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nan
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Dillard's has pulled back after a big rally, but the bulls are looking for the gains to continue.
optionMONSTER's Heat Seeker monitoring program detected the purchase of 1,000 February 82.50 calls for $1.60. An equal number of February 80 puts were sold at the same time for $1.50, resulting in a net cost of $0.10.
If DDS climbs in the next four weeks, the long calls will likely appreciate in value while the short puts dwindle. The opposite will occur if the shares fall, so the position is similar to owning shares. (See our Education section)
The main difference is that this combination trade will expire worthless if the retailer remains between $80 and $82.50 on Feb. 15. If the stock drops below $80, the trader will be obligated to buy shares for that price.
DDS rose 0.72 percent to $82.07 on Friday and has risen more than 15-fold since early 2009 amid a continuous stream of strong earnings. The investor may also expect support around that key $80 level because it's roughly where the shares peaked in September, and it is the location of the stock's 100-day moving average.
Total option volume was 4 times greater than average in the session, according to the Heat Seeker.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDS rose 0.72 percent to $82.07 on Friday and has risen more than 15-fold since early 2009 amid a continuous stream of strong earnings. If DDS climbs in the next four weeks, the long calls will likely appreciate in value while the short puts dwindle. (See our Education section) The main difference is that this combination trade will expire worthless if the retailer remains between $80 and $82.50 on Feb. 15.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. If DDS climbs in the next four weeks, the long calls will likely appreciate in value while the short puts dwindle. DDS rose 0.72 percent to $82.07 on Friday and has risen more than 15-fold since early 2009 amid a continuous stream of strong earnings.
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DDS rose 0.72 percent to $82.07 on Friday and has risen more than 15-fold since early 2009 amid a continuous stream of strong earnings. If DDS climbs in the next four weeks, the long calls will likely appreciate in value while the short puts dwindle. The opposite will occur if the shares fall, so the position is similar to owning shares.
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If DDS climbs in the next four weeks, the long calls will likely appreciate in value while the short puts dwindle. DDS rose 0.72 percent to $82.07 on Friday and has risen more than 15-fold since early 2009 amid a continuous stream of strong earnings. Dillard's has pulled back after a big rally, but the bulls are looking for the gains to continue.
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aba601b9-1ab9-479d-a8b8-a3edeedb6741
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720068.0
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2013-01-16 00:00:00 UTC
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Stock Market News for January 16, 2013 - Market News
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DDS
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https://www.nasdaq.com/articles/stock-market-news-for-january-16-2013-market-news-2013-01-16
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nan
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nan
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The Dow Jones and S&P 500 finished in the green on Tuesday following better-than-expected retail sales numbers which negated concerns about raising the debt ceiling. But shares of technology bellwether Apple once again pushed the Nasdaq lower. Meanwhile, the New York Empire State Index declined in January for the sixth consecutive month. The consumer discretionary sector enjoyed a decent gain following positive retail sales data and was the major gainer among the S&P 500 industry groups whereas technology once gain emerged as the biggest loser.
The Dow Jones Industrial Average (DJI) gained 0.2% to close the day at 13,534.89. The Standard & Poor 500 (S&P 500) added 0.1% to finish yesterday's trading session at 1,472.34. The tech-laden Nasdaq Composite Index dropped 0.2% to end at 3,110.78.The fear-gauge CBOE Volatility Index (VIX) gained 0.2% to settle at 13.55. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 5.8 billion shares, significantly lower than 2012's daily average of 6.45 billion shares. Advancing stocks outpaced decliners on the NYSE; as for 55% stocks that rose, 41% moved lower.
Investor concerns about the debt ceiling and earnings pushed benchmarks into negative territory during the morning trading session. But an encouraging report from the retail sector pushed the S&P 500 and the blue-chip index higher in the late afternoon. Apple Inc. (NASDAQ: AAPL ) continued to decline following Monday's reports that demand for the company's products has declined and dragged the Nasdaq lower for the second consecutive day.
Meanwhile, the U.S. Census Bureau revealed that retail sales surged in December. According to the report, advance monthly sales for retail and food services increased 0.5% to $415.7 billion in December from the previous month. This was above consensus estimates of an increase of 0.2%. Retail trade sales added 0.4% from the previous month and 4.4% from the comparable period last year. Better-than-expected retail sales was primarily driven by gains in sales of auto, furniture and clothing.
Following the report, the consumer discretionary sector had a good run and the Consumer Discretionary SPDR (XLY) gained 0.7%. Stocks such as J.C. Penney Company, Inc. (NYSE: JCP ), American Eagle Outfitters (NYSE: AEO ), Dillard's, Inc. (NYSE: DDS ), Dollar Tree, Inc. (NASDAQ: DLTR ) and The Gap Inc. (NYSE: GPS ) jumped 3.4%, 4.8%, 2.8%, 1.5% and 3.4%, respectively.
Treasury Secretary Timothy Geithner informed Congress leaders that the U.S. government will exhaust its borrowing limits between mid- February and the beginning of the March. He also said if Congress fails to raise the debt ceiling by the beginning of March then this could "impose severe economic hardship."
President Barack Obama said he is unwilling to bargain with Congress on the issue on Monday. He also said: "If congressional Republicans refuse to pay America's bills on time, Social Security checks and veterans' benefits will be delayed." "We might not be able to pay our troops, or honor our contracts with small business owners. Food inspectors, air traffic controllers, specialists who track down loose nuclear material wouldn't get their paychecks."
Separately, the Federal Reserve Bank of New York reported that manufacturing activity declined in January. According to the report, the general business conditions index declined for the sixth consecutive month and was at -7.8. This is contrary to consensus estimates of 2.25. The new order index declined to -7.2 whereas shipment index fell to -3.1.
The technology sector emerged as the biggest loser for the second consecutive day and the Technology SPDR (XLK) slipped 0.7%. The sector was largely affected by fall in Apple's share price. Apple has lost nearly 7% in the previous three trading session. Stocks such as Intel Corporation (NASDAQ: INTC ), Hewlett-Packard Company (NYSE: HPQ ), Super Micro Computer, Inc. (NASDAQ: SMCI ), IAC/InterActiveCorp (NASDAQ: IACI ) and Oracle Corporation (NASDAQ: ORCL ) lost 0.5%, 2.5%, 1.4%, 1.7% and 0.7%, respectively.
APPLE INC (AAPL): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DOLLAR TREE INC (DLTR): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
IAC/INTERACTIV (IACI): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
SUPER MICRO COM (SMCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks such as J.C. Penney Company, Inc. (NYSE: JCP ), American Eagle Outfitters (NYSE: AEO ), Dillard's, Inc. (NYSE: DDS ), Dollar Tree, Inc. (NASDAQ: DLTR ) and The Gap Inc. (NYSE: GPS ) jumped 3.4%, 4.8%, 2.8%, 1.5% and 3.4%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report IAC/INTERACTIV (IACI): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report SUPER MICRO COM (SMCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Dow Jones and S&P 500 finished in the green on Tuesday following better-than-expected retail sales numbers which negated concerns about raising the debt ceiling.
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Stocks such as J.C. Penney Company, Inc. (NYSE: JCP ), American Eagle Outfitters (NYSE: AEO ), Dillard's, Inc. (NYSE: DDS ), Dollar Tree, Inc. (NASDAQ: DLTR ) and The Gap Inc. (NYSE: GPS ) jumped 3.4%, 4.8%, 2.8%, 1.5% and 3.4%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report IAC/INTERACTIV (IACI): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report SUPER MICRO COM (SMCI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks such as Intel Corporation (NASDAQ: INTC ), Hewlett-Packard Company (NYSE: HPQ ), Super Micro Computer, Inc. (NASDAQ: SMCI ), IAC/InterActiveCorp (NASDAQ: IACI ) and Oracle Corporation (NASDAQ: ORCL ) lost 0.5%, 2.5%, 1.4%, 1.7% and 0.7%, respectively.
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APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report IAC/INTERACTIV (IACI): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report SUPER MICRO COM (SMCI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks such as J.C. Penney Company, Inc. (NYSE: JCP ), American Eagle Outfitters (NYSE: AEO ), Dillard's, Inc. (NYSE: DDS ), Dollar Tree, Inc. (NASDAQ: DLTR ) and The Gap Inc. (NYSE: GPS ) jumped 3.4%, 4.8%, 2.8%, 1.5% and 3.4%, respectively. Apple Inc. (NASDAQ: AAPL ) continued to decline following Monday's reports that demand for the company's products has declined and dragged the Nasdaq lower for the second consecutive day.
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Stocks such as J.C. Penney Company, Inc. (NYSE: JCP ), American Eagle Outfitters (NYSE: AEO ), Dillard's, Inc. (NYSE: DDS ), Dollar Tree, Inc. (NASDAQ: DLTR ) and The Gap Inc. (NYSE: GPS ) jumped 3.4%, 4.8%, 2.8%, 1.5% and 3.4%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report IAC/INTERACTIV (IACI): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report SUPER MICRO COM (SMCI): Free Stock Analysis Report To read this article on Zacks.com click here. But shares of technology bellwether Apple once again pushed the Nasdaq lower.
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07e16fc5-993f-4398-a3c6-ea65cb13e31b
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720069.0
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2013-01-08 00:00:00 UTC
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Outperform Stance on Dillard's - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/outperform-stance-on-dillards-analyst-blog-2013-01-08
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nan
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nan
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We have maintained our long-term 'Outperform' recommendation on Dillard's Inc . ( DDS ) based on the company's better-than-expected bottom-line performance in seven back-to-back quarters.
Why Outperform?
On November 8, 2012, Dillard's posted its third-quarter 2012 results with earnings jumping two-folds to 96 cents per share, beating the Zacks Consensus Estimate of 75 cents per share. Dillard's has surpassed the Zacks Consensus Estimate in the trailing seven quarters in the range of 10.5%-57.9%.The average surprise over the last seven quarters remained at 29.1%.
The company's improved results were backed by solid comparable-store sales performance and reduced input and operating costs, resulting from restructuring initiatives and inventory reduction efforts. Further, total revenue grew 4.8% year over year to 1,450.0 million and surpassed the Zacks Consensus Estimate of $1,442.0 million.
We believe that the company benefits from improvements in inventory management, focusing on conservative purchasing and efforts to better match the timing of receipts with demand, ultimately resulting in reduced markdown.
Following the strong quarterly performance in the third quarter of fiscal 2012, the Zacks Consensus Estimates has moved upwards. For fiscal 2012 and 2013, the Zacks Consensus Estimate elevated 33 cents and 70 cents to $6.33 and $7.20 per share, respectively, in the last 60 days.
Apart from strong third-quarter results, Dillard's growth story looks compelling. Management is undertaking restructuring initiatives and inventory reduction efforts to reduce costs while boosting its profitability. We believe that Dillard's healthy balance sheet and adequate cash flows allow it to make shareholder-friendly moves, such as acquisitions, dividends and share repurchases.
Moreover, in our point of view, Dillard's wholly-owned Captive Insurance Company and REIT facilitate efficient risk management ability as well as boost its liquidity position.
Other Stock to Consider
Besides Dillard's, other stock in the large departmental store chain retail sector that is currently performing well is Bon-Ton Stores Inc. ( BONT ). Both the companies hold a Zacks #1 Rank (Strong Buy) status.
BON-TON STORES (BONT): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) based on the company's better-than-expected bottom-line performance in seven back-to-back quarters. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We believe that the company benefits from improvements in inventory management, focusing on conservative purchasing and efforts to better match the timing of receipts with demand, ultimately resulting in reduced markdown.
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BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) based on the company's better-than-expected bottom-line performance in seven back-to-back quarters. The company's improved results were backed by solid comparable-store sales performance and reduced input and operating costs, resulting from restructuring initiatives and inventory reduction efforts.
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( DDS ) based on the company's better-than-expected bottom-line performance in seven back-to-back quarters. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. On November 8, 2012, Dillard's posted its third-quarter 2012 results with earnings jumping two-folds to 96 cents per share, beating the Zacks Consensus Estimate of 75 cents per share.
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( DDS ) based on the company's better-than-expected bottom-line performance in seven back-to-back quarters. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's has surpassed the Zacks Consensus Estimate in the trailing seven quarters in the range of 10.5%-57.9%.The average surprise over the last seven quarters remained at 29.1%.
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deb52d15-69bd-40e9-8811-de3446909f53
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720070.0
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2013-01-04 00:00:00 UTC
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Macy's Posts Healthy Sales - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-posts-healthy-sales-analyst-blog-2013-01-04
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nan
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nan
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Macy's Inc . ( M ) - one of the leading department store retailers in the U.S.- posted healthy comparable-store sales for the five-week period ended December 29, 2012, which marginally came ahead of analysts' expectations.
Comparable-store sales increased 4.1% year over year for the month of December, as the company witnessed strong online sales. Total sales increased 3.6% to $5.10 billion compared with $4.92 billion in the year-ago period.
For the combined November and December 2012 period, comparable-store sales marked an increase of 2.5%. Year-to-date, Macy's sales augmented 3.3% to $25.9 billion compared with $25.1 billion in the comparable prior-year period, whereas comps witnessed an elevation of 3.3%.
Online sales, which include sales from macys.com and bloomingdales.com, surged 51.7% in December 2012. On a year-to-date basis, online sales shot up 40.4% from the comparable year-ago period. The company remains committed to strengthening the online presence of both its Macy's and Bloomingdale's brands.
Management stated that sales for the first two months of the fourth quarter remained below expectations as results were dampened by the impact of Hurricane Sandy and lingering economic concerns. Consequently, the company now expects same-store sales to increase between 3% and 3.5% for the fourth quarter of 2012, down from its earlier forecast of 4.2%. Moreover, the company lowered its earnings guidance in the range of $1.91 - $1.96 from $1.94 - $1.99 per share. The current Zacks Consensus Estimate stands at $1.98 per share for the fourth quarter.
In a separate story, Macy's announced that it will be closing down underperforming stores and open stores in regions where it generates healthy sales. The retailer will shutter 6 stores in early spring 2013 and open 9 stores. The company also announced the consolidation of two of its stores into one in Ridgedale Center in Minnetonka by early 2014.
Macy's has been initiating several strategies to bolster its sales, profitability and cash flow, which include Omnichannel strategy, integration of operations, , developing e-commerce business, and expansion of product offerings.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
Macy's, which competes with J. C. Penney Company Inc . ( JCP ), Dillard's Inc . ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term 'Neutral' recommendation on the stock. However, Macy's holds a Zacks #3 Rank that translates into a short-term 'Hold' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( M ) - one of the leading department store retailers in the U.S.- posted healthy comparable-store sales for the five-week period ended December 29, 2012, which marginally came ahead of analysts' expectations.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Comparable-store sales increased 4.1% year over year for the month of December, as the company witnessed strong online sales.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Comparable-store sales increased 4.1% year over year for the month of December, as the company witnessed strong online sales.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc .
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9e005f8d-cc77-4af7-b53a-f597fd39ec31
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720071.0
|
2012-12-10 00:00:00 UTC
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Macy's Boosts Share Buyback Program - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-boosts-share-buyback-program-analyst-blog-2012-12-10
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nan
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nan
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Macy's Inc . ( M ) - one of the leading department store retailers in the U.S. - hiked its share repurchase program by $1.5 billion, bringing the total authorization outstanding to $1.861 billion.
During the first-nine months of fiscal 2012, Macy's bought back approximately 26.3 million shares aggregating $991 million. The company had share repurchase authorization worth approximately $361 million remaining at its disposal as of October 27, 2012.
Since the inception of the share repurchase program in August 2011, Macy's repurchased 42.6 million shares for a total investment of $1.491 billion.
The company has been actively managing its cash flows, returning much of its free cash to shareholders via share repurchases and dividends, while maintaining a healthy balance sheet and credit ratios that are crucial for an investment-grade rating.
We appreciate Macy's efforts to boost long-term shareholders' value and believe that the recent announcement affirms the company's positive outlook and reflects its confidence in its fundamentals. The share repurchases and strategies for increasing dividend not only enhance shareholders' return but also raise the market value of the stock.
Further, Macy's has been taking a number of initiatives in order to bolster its sales, profitability and cash flows. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
Macy's, which competes with J. C. Penney Company Inc . ( JCP ), Dillard's Inc . ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term 'Neutral' recommendation on the stock. Moreover, Macy's holds a Zacks #3 Rank that translates into a short-term 'Hold' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. We appreciate Macy's efforts to boost long-term shareholders' value and believe that the recent announcement affirms the company's positive outlook and reflects its confidence in its fundamentals.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The company had share repurchase authorization worth approximately $361 million remaining at its disposal as of October 27, 2012.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Since the inception of the share repurchase program in August 2011, Macy's repurchased 42.6 million shares for a total investment of $1.491 billion.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc .
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37ffa237-c8fb-45f2-9d98-d7fab5ed333d
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720072.0
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2012-12-10 00:00:00 UTC
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Rush for Dividend or Miss the Bus - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/rush-for-dividend-or-miss-the-bus-analyst-blog-2012-12-10
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nan
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nan
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The impact of the "Fiscal Cliff" or $600 billion in spending cuts and increase in tax rate on dividend income and capital gains will take its effect from the beginning of 2013 if concrete measures are not taken to avert it. However, Republicans and Democrats still continue to wrangle about ways to find a solution.
Consequently, several companies are contemplating dividend hikes, special dividend and early payouts in light of a probable rise in dividend tax rate from the beginning of next year. These measures are taken to relieve shareholders from the burden of higher taxes. After all, an ounce of prevention is worth a pound of cure.
The tax rate could go up to 43.4% (39.6% top ordinary tax rate + 3.8% Obama's Medicare surcharge tax on investment income) from the current 15%.
The "Jobs and Growth Tax Relief Reconciliation Act of 2003" is set to expire and renewal of the Bush-regime lower tax rate seems a remote possibility as of now. Thus, companies need to decide if they are ready to dole out dividends now or be prepared to face the brunt of a likely hike in dividend tax rate.
However, the companies have already taken certain shareholder-friendly moves sensing the uncertainty revolving around the economy.
Costco Wholesale Corporation ( COST ) declared a special dividend of $7.00 per share, amounting to approximately $3 billion to be financed from the proceeds of the $3.5 billion debt-offering. Dillard 's Inc. ( DDS ) declared a special dividend payout of $5 per share, and Walt Disney Co. ( DIS ) hiked its annual dividend by 25%. Wal-Mart Stores Inc. ( WMT ) will pay its regular dividend on Dec 27, ahead of its scheduled date of Jan 2, 2013.
Las Vegas Sands Corp. ( LVS ) announced a special dividend of $2.75 per share. Wynn Resorts Ltd. ( WYNN ) rewarded its shareholders with a special dividend of $7.50 per share in its recently concluded third quarter. Coach Inc. ( COH ), famous for women's handbags, would also pay its quarterly dividend of 30 cents a share on Dec 27, ahead of the scheduled date of January 2, 2013.
Oracle Corporation ( ORCL ), the software maker, will pay dividends for the last three quarters of fiscal 2013 together in advance, aggregating 18 cents a share, on Dec 21. The McGraw-Hill Companies Inc. ( MHP ) will pay a special dividend of $2.50 per share on Dec 27. The electronic products retailer, Best Buy Co. Inc. ( BBY ) will now pay its quarterly dividend of 17 cents on Dec 31, two days ahead of its scheduled date.
Conclusion
We believe that if higher dividend tax rates take shape, it will compel investors, who have lately gone overweight on dividend-paying stocks, to reshuffle their portfolios and sell those stocks to avoid paying inflated tax in 2013. Moreover, it is very likely that consumer confidence would also be dented, which the retailers definitely don't want at the present juncture.
The decision makers should reach a consensus that should not only benefit the economy but investors too. Keeping our fingers crossed...
BEST BUY (BBY): Free Stock Analysis Report
COACH INC (COH): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
MCGRAW-HILL COS (MHP): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
WYNN RESRTS LTD (WYNN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard 's Inc. ( DDS ) declared a special dividend payout of $5 per share, and Walt Disney Co. ( DIS ) hiked its annual dividend by 25%. Keeping our fingers crossed... BEST BUY (BBY): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report WYNN RESRTS LTD (WYNN): Free Stock Analysis Report To read this article on Zacks.com click here. The impact of the "Fiscal Cliff" or $600 billion in spending cuts and increase in tax rate on dividend income and capital gains will take its effect from the beginning of 2013 if concrete measures are not taken to avert it.
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Dillard 's Inc. ( DDS ) declared a special dividend payout of $5 per share, and Walt Disney Co. ( DIS ) hiked its annual dividend by 25%. Keeping our fingers crossed... BEST BUY (BBY): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report WYNN RESRTS LTD (WYNN): Free Stock Analysis Report To read this article on Zacks.com click here. The electronic products retailer, Best Buy Co. Inc. ( BBY ) will now pay its quarterly dividend of 17 cents on Dec 31, two days ahead of its scheduled date.
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Keeping our fingers crossed... BEST BUY (BBY): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report WYNN RESRTS LTD (WYNN): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard 's Inc. ( DDS ) declared a special dividend payout of $5 per share, and Walt Disney Co. ( DIS ) hiked its annual dividend by 25%. Consequently, several companies are contemplating dividend hikes, special dividend and early payouts in light of a probable rise in dividend tax rate from the beginning of next year.
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Dillard 's Inc. ( DDS ) declared a special dividend payout of $5 per share, and Walt Disney Co. ( DIS ) hiked its annual dividend by 25%. Keeping our fingers crossed... BEST BUY (BBY): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report WYNN RESRTS LTD (WYNN): Free Stock Analysis Report To read this article on Zacks.com click here. These measures are taken to relieve shareholders from the burden of higher taxes.
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4a9b8035-f910-4396-a2bd-eec6f9b67cdf
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720073.0
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2012-12-03 00:00:00 UTC
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Dillard's, Inc. (DDS) Ex-Dividend Date Scheduled for December 05, 2012
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-ex-dividend-date-scheduled-december-05-2012-2012-12-03
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nan
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nan
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Dillard's, Inc. ( DDS ) has announced an ex-dividend date of December 05, 2012 and a cash dividend payment of $5.05 per share scheduled for December 21, 2012. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10000% increase over the prior quarter. At the current stock price of $88.91, the dividend yield is 22.72%.
The previous trading day's last sale of DDS was $88.91, representing a -1.13% decrease from the 52 week high of $89.93 and a 109% increase over the 52 week low of $42.54.
DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). DDS's current earnings per share, an indicator of a company's profitability, is $6.3. Zacks Investment Research reports DDS's forecasted earnings growth in 2013 as 50.36%, compared to an industry average of 15.9%.
For more information on the declaration, record and payment dates, visit the DDS Dividend History page.
Interested in gaining exposure to DDS through an Exchange Traded Fund [ETF]?
The following ETF(s) have DDS as a top-10 holding:
PowerShares DWA Technical Leaders Portfolio ( PDP ).
The top-performing ETF of this group is PDP with an increase of 5.34% over the last 100 days. It also has the highest percent weighting of DDS at 1.98%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. DDS is a part of the Consumer Services sector, which includes companies such as Wal-Mart Stores, Inc. ( WMT ) and Costco Wholesale Corporation ( COST ). Zacks Investment Research reports DDS's forecasted earnings growth in 2013 as 50.36%, compared to an industry average of 15.9%.
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Dillard's, Inc. ( DDS ) has announced an ex-dividend date of December 05, 2012 and a cash dividend payment of $5.05 per share scheduled for December 21, 2012. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Dillard's, Inc. ( DDS ) has announced an ex-dividend date of December 05, 2012 and a cash dividend payment of $5.05 per share scheduled for December 21, 2012. Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DDS was $88.91, representing a -1.13% decrease from the 52 week high of $89.93 and a 109% increase over the 52 week low of $42.54.
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Shareholders who purchased DDS stock prior to the ex-dividend date are eligible for the cash dividend payment. Dillard's, Inc. ( DDS ) has announced an ex-dividend date of December 05, 2012 and a cash dividend payment of $5.05 per share scheduled for December 21, 2012. The previous trading day's last sale of DDS was $88.91, representing a -1.13% decrease from the 52 week high of $89.93 and a 109% increase over the 52 week low of $42.54.
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2033799d-b176-4525-827e-a0fb93aa1415
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720074.0
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2012-12-03 00:00:00 UTC
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Sandy Disrupts Sales at Macy's - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/sandy-disrupts-sales-at-macys-analyst-blog-2012-12-03
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nan
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nan
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Macy's Inc . ( M ) - one of the leading department store retailers in the U.S. - posted both sluggish comparable-store sales as well as sales for the four-week period ended November 24, 2012.
Comparable-store sales inched down 0.7% year over year for the month of November, as the company witnessed soft sales during the month due to Superstorm Sandy, which more than offset the strong Thanksgiving sales. Total sales decreased 0.6% to $2,450 million compared with $2,464 million in the year-ago period.
Year-to-date, Macy's sales augmented 3.2% to $20.8 billion compared with $20.1 billion in the comparable prior-year period, whereas comps also witnessed an elevation of 3.1%.
Online sales, which include sales from macys.com and bloomingdales.com, surged 39.2% in November 2012. On a year-to-date basis, online sales shot up 37.1% from the comparable year-ago period. The company remains on track to expand both Macy's and Bloomingdale's brands online.
Despite soft results, Macy's stood by its earlier guidance and expects same-store sales to increase by 4.2% during the fourth quarter of fiscal 2012. Moreover, the company expects earnings to be in the range of $1.94 to $1.99 per share.
Macy's has been taking a number of initiatives in order to bolster its sales, profitability and cash flows. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
Macy's, which competes with J. C. Penney Company Inc . ( JCP ), Dillard's Inc . ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term Neutral recommendation on the stock. However, Macy's holds a Zacks #3 Rank that translates into a short-term Hold rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Despite soft results, Macy's stood by its earlier guidance and expects same-store sales to increase by 4.2% during the fourth quarter of fiscal 2012.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Comparable-store sales inched down 0.7% year over year for the month of November, as the company witnessed soft sales during the month due to Superstorm Sandy, which more than offset the strong Thanksgiving sales.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Comparable-store sales inched down 0.7% year over year for the month of November, as the company witnessed soft sales during the month due to Superstorm Sandy, which more than offset the strong Thanksgiving sales.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc .
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4dbc4d03-0b6a-4b89-8feb-25b6cc7f7cbf
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720075.0
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2012-11-29 00:00:00 UTC
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The Next Special Dividend - Investment Ideas
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DDS
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https://www.nasdaq.com/articles/next-special-dividend-investment-ideas-2012-11-29
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nan
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nan
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The current rage in the world of investing is the special dividend. It's a one-time event that is designed to reward shareholders with a larger than normal payout. The reason for this is simple, the tax rate is going to change in 2013, so companies are loading up on dividends now instead of the slow trickle that investors are used to.
The strategy around the special dividend has as much to do with returning cash to shareholders as it does with keeping the stock off a sellers hit list. With changes to the capital gains tax rate coming next year, December is likely to see a barrage of selling in stocks that have had significant year to date increases. The thinking there is that investors will take the gain and pay a lower tax rate in 2012 than they would in 2013. The special dividend is a tool that some companies may use to deter that line of thinking, or even put the EX-D date as close to the end of the year as possible.
Not A New Idea
The special dividend has been around for a long time... The most famous and probably the biggest was the 2004 $3 payout by Microsoft. They had $69 billion in cash on hand for a $32 billion special dividend of $3 per share. They also enacted a buyback to bring the total return of capital to shareholders to $75 billion. Eight years later, the company has $66 billion in cash again.
I pulled a chart to gauge the interest of special dividends, and the peak was reached in November 2004, when the Microsoft dividend was about to trade Ex-D. The indexed chart has November 2012 at a 26 - well below the November 2004 peak.
Notable Special Dividends
Companies of all sizes have utilized the special dividend. Town Sports International (CLUB) recently went EX-D on a $3 per share special dividend, paying out $71.4 million. The company noted that it would borrow $60 million to fund the payout. CLUB has a market capitalization of $232 million, so it is a small cap. From the date of the announcement to the before the stock traded without the dividend, the stock rose 5.3%.
A mid cap name that is also doing a special dividend is Dillard's (DDS). The company declared a one-time cash dividend of $5 per share. The company will pay the dividend to shareholders of record as of December 7, so the ex-D date will be December 4. You will need to but the stock before the close of trading on December 3 to get the dividend. The payout will be approximately $235 million. The company last reported cash on hand of $124 million, so a debt offering of $150 million or more is likely in the works.
At $44 billion in market capitalization, Costco (COST) is a big cap. It too joined the dividend parade with a $7 special dividend that will cost $3 billion. The $7 will be paid on the 18th of December to shareholders of record at December 10. This means the stock will trade EX-D on the 7th, and will open $7 lower than the close on Thursday, December 6th. As a result of the borrowing that is to occur to raise the $3 billion, Fitch downgraded its issuer rating to 'A+' from 'AA-'.
Those are three examples of companies that are the three major sizes of stocks. I know that I used two retails names in there, but I liked the idea of $3, $5, $7 - which used to be my favorite boutique in the mall.
I ran a screen on the Zacks Research Wizard for stocks that had a Zacks Rank of #1 (Strong Buy) or #2 (Buy) and looked for high insider ownership. This provided a lot of results, but more research was required. For instance, #1 Ranked World Wrestling Entertainment (WWE) sounded like a sure winner as the chairman Vince McMahon holds a significant amount of stock, but a quick breeze through a recent 10K showed that the McMahon family has an agreement that gives them a smaller dividend, so a special dividend could be subject to the same stipulations.
That screen provided these candidates:
Syntel ( SYNT ) - with a #1 Ranking, the company has 36% insider ownership of 36%, institutional ownership of 34% and $10 of cash per share. The company already pays a small dividend of $0.24 or 0.4% so a $2 to $4 special dividend from this low bed, cash rich business is a real possibility.
DSW Inc ( DSW ) is benefitting from the hot trend in the footwear category, and they came in with 51% insider ownership. With $7.57 in cash per share, the company could easily afford to increase its $0.72 dividend to something much more significant. DSW is a Zacks Rank #2 (Buy).
When I loosened the requirements to a #3 (Hold) Rank Caesars Entertainment ( CZR ) showed up. Several of its competitors have also done special dividends and CZR has almost $9.50 in cash per share.
Interacting Plays?
Two other names that I wanted to throw out there Interactive Brokers (IBKR) and IAC/InterActiveCorp (IACI). Both are majority controlled by one person, Thomas Peterffy for the brokerage company and Barry Diller for the internet company. Peterffy is just coming off a failed election campaign to get watchers of financial focused TV to vote republican, so adding some cash back in his pocket to pay for those ads makes sense. Diller, on the other hand, may be more interested in find another M&A transaction that going the dividend route, but ultimately it is his decision.
Good Shooting ?
Strum Ruger (RGR) was one of the early names to announce the special dividend. Its primary competitor Smith & Wesson ( SWHC ) reports earnings on December 6, and it could be the time to announce the special dividend. Since the RGR announcement of a special dividend of $4.50, the stock is up nearly 20%. SWHC has $0.87 of cash per share.
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Brian Bolan is a Stock Strategist for Zacks.com. He is the Editor in charge of the Zacks Home Run Investor service , a Buy and Hold service where he recommends the stocks in the portfolio
Brian is also the editor of Follow The Money Trader a trading service that tracks institutional money flows and looks for great stock picks from that data.
Follow Brian Bolan on twitter at @BBolan1
Like Brian Bolan on Facebook
CAESARS ENTERTN (CZR): Free Stock Analysis Report
CAESARS ENTERTN (CZR): Free Stock Analysis Report
CAESARS ENTERTN (CZR): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
SMITH & WESSON (SWHC): Free Stock Analysis Report
SMITH & WESSON (SWHC): Free Stock Analysis Report
SMITH & WESSON (SWHC): Free Stock Analysis Report
SYNTEL INC (SYNT): Free Stock Analysis Report
SYNTEL INC (SYNT): Free Stock Analysis Report
SYNTEL INC (SYNT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A mid cap name that is also doing a special dividend is Dillard's (DDS). The special dividend is a tool that some companies may use to deter that line of thinking, or even put the EX-D date as close to the end of the year as possible. For instance, #1 Ranked World Wrestling Entertainment (WWE) sounded like a sure winner as the chairman Vince McMahon holds a significant amount of stock, but a quick breeze through a recent 10K showed that the McMahon family has an agreement that gives them a smaller dividend, so a special dividend could be subject to the same stipulations.
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A mid cap name that is also doing a special dividend is Dillard's (DDS). That screen provided these candidates: Syntel ( SYNT ) - with a #1 Ranking, the company has 36% insider ownership of 36%, institutional ownership of 34% and $10 of cash per share. He is the Editor in charge of the Zacks Home Run Investor service , a Buy and Hold service where he recommends the stocks in the portfolio Brian is also the editor of Follow The Money Trader a trading service that tracks institutional money flows and looks for great stock picks from that data.
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A mid cap name that is also doing a special dividend is Dillard's (DDS). Notable Special Dividends Companies of all sizes have utilized the special dividend. The company already pays a small dividend of $0.24 or 0.4% so a $2 to $4 special dividend from this low bed, cash rich business is a real possibility.
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A mid cap name that is also doing a special dividend is Dillard's (DDS). They had $69 billion in cash on hand for a $32 billion special dividend of $3 per share. Eight years later, the company has $66 billion in cash again.
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0ea6b0f4-1297-4689-ba0f-f9eba0c31e1b
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720076.0
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2012-11-29 00:00:00 UTC
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Betting on Special-Dividend Candidates? - Real Time Insight
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DDS
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https://www.nasdaq.com/articles/betting-special-dividend-candidates-real-time-insight-2012-11-29
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nan
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nan
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A record number of US companies are rushing to pay special dividends ahead of a possible rise in taxes on dividends next year.
More than 170 companies have announced special dividends this year so far, compared to only 72 in the same period a year ago. Further many companies have moved up the payment dates to December instead of the regular dates in January.
Not surprisingly, many of the companies making higher or accelerated payouts are the ones with high insider ownership. Some examples: Las Vegas Sands (53%), Wal-Mart (51%), Dillard's (41%), Franklin Resources (35%).
Some such companies were sitting on huge cash piles but were cautious to invest in the current uncertain macro-environment.
The investors have welcomed such announcements, sending the shares up. More companies, particularly those with high insider ownership, pile of cash on the balance sheet and low debt, may be in-line.
Do you think more companies will join the race to pay special dividends this year? Is it a good idea to identify potential candidates and buy their shares ahead of the announcements?
FRANKLIN RESOUR (BEN): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FRANKLIN RESOUR (BEN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Some such companies were sitting on huge cash piles but were cautious to invest in the current uncertain macro-environment. More companies, particularly those with high insider ownership, pile of cash on the balance sheet and low debt, may be in-line.
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FRANKLIN RESOUR (BEN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FRANKLIN RESOUR (BEN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. A record number of US companies are rushing to pay special dividends ahead of a possible rise in taxes on dividends next year. More than 170 companies have announced special dividends this year so far, compared to only 72 in the same period a year ago.
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FRANKLIN RESOUR (BEN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. A record number of US companies are rushing to pay special dividends ahead of a possible rise in taxes on dividends next year. More than 170 companies have announced special dividends this year so far, compared to only 72 in the same period a year ago.
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3aa94113-2dec-424a-9369-de55ac14727e
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720077.0
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2012-11-28 00:00:00 UTC
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Costco Declares Special $7 Dividend, Tops 50-Day Line
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DDS
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https://www.nasdaq.com/articles/costco-declares-special-7-dividend-tops-50-day-line-2012-11-28
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nan
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nan
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Costco's shares jumped above the 50-day line Wednesday after the company declared a special dividend of $7 a share.
The stock is now 2% off its high as it forms a flat base with a possible 104.53 buy point.
The one-time dividend is payable Dec. 18 to owners of the stock on Dec. 10. The special payout comes on top of the regular quarterly cash dividend of $0.275 per share.
However, Fitch Ratings cut Costco's debt rating by one notch to A+ from AA-, after Costco said it would pay for the $3 billion special dividend by issuing at least $2 billion in new debt. Costco said its "strong balance sheet and favorable access to credit markets" gave it room to pay for the dividend.
The announcement came a day after retailerDillard's ( DDS ) and casino operatorLas Vegas Sands ( LVS ) announced special dividends that will be paid in December.
The one-time payouts are aimed at rewarding shareholders before an expected increase in the dividend tax rate takes effect Jan. 1, depending on the outcome of fiscal cliff negotiations.
The payment will boost Costco's dividend yield to a robust 7%, up from the current annual yield of about 1%. Yet investors shouldn't base their decisions on a stock's dividend yield, especially one boosted by a one-time payout. It's more important to look at its fundamental and technical characteristics.
In Costco's case, the fundamentals are mixed. The stock sports a Composite Rating of 79, just below the minimum of 80 that IBD-style investors should look for. Costco is also in a weak industry group, and its Accumulation-Distribution Rating is just D+, indicating that institutional investors are selling.
On the plus side, Costco's three-year Earnings Stability Factor is 2 on a scale of 0 (most stable) to 99 (least stable). Its EPS Rating is a respectable 89 out of a best-possible 99.
Costco is expected to announce Dec. 12 that profit for the November-ended quarter rose 16% from a year ago, down from the prior quarter's 29% gain. Fiscal 2013 profit is expected to rise 14% from fiscal 2012, the fourth straight gain.
The Issaquah, Wash.-based company reported Wednesday that same-store sales rose 6% in November. Total sales rose 9% to $8.15 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The announcement came a day after retailerDillard's ( DDS ) and casino operatorLas Vegas Sands ( LVS ) announced special dividends that will be paid in December. Costco said its "strong balance sheet and favorable access to credit markets" gave it room to pay for the dividend. The one-time payouts are aimed at rewarding shareholders before an expected increase in the dividend tax rate takes effect Jan. 1, depending on the outcome of fiscal cliff negotiations.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The announcement came a day after retailerDillard's ( DDS ) and casino operatorLas Vegas Sands ( LVS ) announced special dividends that will be paid in December. The payment will boost Costco's dividend yield to a robust 7%, up from the current annual yield of about 1%.
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The announcement came a day after retailerDillard's ( DDS ) and casino operatorLas Vegas Sands ( LVS ) announced special dividends that will be paid in December. Costco's shares jumped above the 50-day line Wednesday after the company declared a special dividend of $7 a share. However, Fitch Ratings cut Costco's debt rating by one notch to A+ from AA-, after Costco said it would pay for the $3 billion special dividend by issuing at least $2 billion in new debt.
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The announcement came a day after retailerDillard's ( DDS ) and casino operatorLas Vegas Sands ( LVS ) announced special dividends that will be paid in December. Yet investors shouldn't base their decisions on a stock's dividend yield, especially one boosted by a one-time payout. Costco is expected to announce Dec. 12 that profit for the November-ended quarter rose 16% from a year ago, down from the prior quarter's 29% gain.
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32fc5023-5bb1-4a10-b267-6fb90fa5c0e5
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720078.0
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2012-11-27 00:00:00 UTC
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Thanks to Fiscal Cliff, Christmas Comes Early for Dividend Investors
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DDS
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https://www.nasdaq.com/articles/thanks-fiscal-cliff-christmas-comes-early-dividend-investors-2012-11-27
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nan
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nan
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Among other things, the fiscal cliff promises to raise taxes on dividend income. And that's prompting some companies to pay their dividends before the cliff hits.
Several major companies, most notably Wal-Mart ( WMT ), are issuing earlier-than-usual dividends to avoid the tax bump that will be levied should Obama's Budget Control Act - a.k.a. the "fiscal cliff" - go into effect as planned on January 1.
Right now, income earned through dividends is taxed no higher than 15%. That rate could rise to as much as 39.6% if Congress does nothing to stop the fiscal cliff.
To prevent shareholders from jumping ship, some companies are issuing special dividends before the end of the year. According to a Wall Street Journal story, Dillard's ( DDS ), Las Vegas Sands ( LVS ) and Ethan Allen interiors ( ETH ) are among the companies that are offering special, one-time dividends by year's end - before the fiscal cliff could take effect.
Las Vegas Sands' special dividend will be $2.75 a share. Dillard's dividend is a whopping $5 a share.
And though Wal-Mart isn't issuing a special dividend, it bumped up the date of its fourth-quarter dividend payment from January 2, 2013 to December 27, 2012 - thus avoiding any higher tax rates.
Other companies joining the special/early dividend fray are:
Sturm Ruger ( RGR ): Announced a special dividend of $4.50 a share, payable December 21.
Wynn Resorts (NASDAQ:WYNN): Paid an $8-per-share dividend last Tuesday, which included the stock's regular quarterly payout of 50 cents a share.
Gyrodyne Company of America (NASDAQ:GYRO): I've never heard of this company, but whoever they are, they issued a mind-boggling $38.30 special dividend. That'll grab people's attention.
So at least that's one good thing the impending doom of the fiscal cliff has brought. For some income investors, it's Christmas come early.
If Congress doesn't get its act together soon, however, those early dividend gifts may eventually turn into a lump of coal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to a Wall Street Journal story, Dillard's ( DDS ), Las Vegas Sands ( LVS ) and Ethan Allen interiors ( ETH ) are among the companies that are offering special, one-time dividends by year's end - before the fiscal cliff could take effect. Several major companies, most notably Wal-Mart ( WMT ), are issuing earlier-than-usual dividends to avoid the tax bump that will be levied should Obama's Budget Control Act - a.k.a. If Congress doesn't get its act together soon, however, those early dividend gifts may eventually turn into a lump of coal.
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According to a Wall Street Journal story, Dillard's ( DDS ), Las Vegas Sands ( LVS ) and Ethan Allen interiors ( ETH ) are among the companies that are offering special, one-time dividends by year's end - before the fiscal cliff could take effect. Las Vegas Sands' special dividend will be $2.75 a share. And though Wal-Mart isn't issuing a special dividend, it bumped up the date of its fourth-quarter dividend payment from January 2, 2013 to December 27, 2012 - thus avoiding any higher tax rates.
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According to a Wall Street Journal story, Dillard's ( DDS ), Las Vegas Sands ( LVS ) and Ethan Allen interiors ( ETH ) are among the companies that are offering special, one-time dividends by year's end - before the fiscal cliff could take effect. And though Wal-Mart isn't issuing a special dividend, it bumped up the date of its fourth-quarter dividend payment from January 2, 2013 to December 27, 2012 - thus avoiding any higher tax rates. Other companies joining the special/early dividend fray are: Sturm Ruger ( RGR ): Announced a special dividend of $4.50 a share, payable December 21.
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According to a Wall Street Journal story, Dillard's ( DDS ), Las Vegas Sands ( LVS ) and Ethan Allen interiors ( ETH ) are among the companies that are offering special, one-time dividends by year's end - before the fiscal cliff could take effect. Among other things, the fiscal cliff promises to raise taxes on dividend income. And though Wal-Mart isn't issuing a special dividend, it bumped up the date of its fourth-quarter dividend payment from January 2, 2013 to December 27, 2012 - thus avoiding any higher tax rates.
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cfc26ebb-6b88-48d6-948f-96047d790f3c
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720079.0
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2012-11-27 00:00:00 UTC
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Department Store Dillard's Unveils Special Dividend
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DDS
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https://www.nasdaq.com/articles/department-store-dillards-unveils-special-dividend-2012-11-27
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nan
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nan
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With the tax rate on dividends possibly rising in 2013, many companies are announcing special dividends to spare shareholders from an increased tax burden.
Department store operatorDillard's ( DDS ) announced a special dividend late Monday of $5 a share.
"This special, one-time dividend of $5 per share reflects our strong financial position and underscores our confidence in Dillard's," said Chief Executive William Dillard II in a press release. The company did not mention the possible tax increases on dividends.
Companies fromDrew Industries ( DW ) toLas Vegas Sands ( LVS ) to TransDigm ( TDG ) recently have announced special dividends paid out this year, before taxes go up.
Dillard's board also declared a regular quarterly dividend of a nickel a share. Both the regular and the special dividend will be paid Dec. 21 to shareholders of record Dec. 7.
Without the special dividend, Dillard's doles out 20 cents a share annually to shareholders.
This gives the stock an annualized yield of only 0.2%, which is the lowest among the six dividend-paying companies in the Retail-Department Stores industry group. But with the special dividend, its yield gets jacked up to about 5.9%.
The company's regular payout has slowly increased in the past two years after holding steady at 16 cents a share annually for a number of years. Dillard's most recently raised its quarterly dividend in May 2011.
Earlier this month, Dillard's smashed expectations with Q3 earnings that surged 100% to 96 cents a share, excluding some extraordinary tax items. It beat views by a whopping 24 cents.
The firm's sales grew 5% to nearly $1.49 billion. Generally big profit growth should be accompanied by sizable revenue growth.
Analysts see the company's full-year profit jumping 50% to $6.33 a share. Dillard's rallied to an all-time high Tuesday. The stock is not a fast mover, but held up well during the recent market correction.
The stock cleared a 79.33 buy point in a six-week flat base Nov. 1 in volume that grew 53% above average. But it's now extended past that entry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Department store operatorDillard's ( DDS ) announced a special dividend late Monday of $5 a share. Companies fromDrew Industries ( DW ) toLas Vegas Sands ( LVS ) to TransDigm ( TDG ) recently have announced special dividends paid out this year, before taxes go up. Earlier this month, Dillard's smashed expectations with Q3 earnings that surged 100% to 96 cents a share, excluding some extraordinary tax items.
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Department store operatorDillard's ( DDS ) announced a special dividend late Monday of $5 a share. With the tax rate on dividends possibly rising in 2013, many companies are announcing special dividends to spare shareholders from an increased tax burden. Companies fromDrew Industries ( DW ) toLas Vegas Sands ( LVS ) to TransDigm ( TDG ) recently have announced special dividends paid out this year, before taxes go up.
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Department store operatorDillard's ( DDS ) announced a special dividend late Monday of $5 a share. With the tax rate on dividends possibly rising in 2013, many companies are announcing special dividends to spare shareholders from an increased tax burden. "This special, one-time dividend of $5 per share reflects our strong financial position and underscores our confidence in Dillard's," said Chief Executive William Dillard II in a press release.
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Department store operatorDillard's ( DDS ) announced a special dividend late Monday of $5 a share. Companies fromDrew Industries ( DW ) toLas Vegas Sands ( LVS ) to TransDigm ( TDG ) recently have announced special dividends paid out this year, before taxes go up. Without the special dividend, Dillard's doles out 20 cents a share annually to shareholders.
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71bad38b-1a45-4f8f-acfe-a0651f88c8b7
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720080.0
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2012-11-27 00:00:00 UTC
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Macro Issues & the Fiscal Cliff - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macro-issues-fiscal-cliff-analyst-blog-2012-11-27
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nan
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nan
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The strong Durable Goods orders report this morning will likely be not much help diverting the market's attention from the uncertain 'Fiscal Cliff' issue. That said, the internals of the report are quite good and should go some way allaying fears of an impending corporate spending slowdown.
Many of us had started worrying that the recent disconnect between confidence measures among consumers and businesses was due to the 'Fiscal Cliff' issue. But even if that isn't the real culprit, the market's primary focus today (and in the coming days) will be on this unresolved issue.
It is tempting to question whether the market is adequately pricing in the fiscal changes on tap next year due to tax increases and spending cuts. The reality is that irrespective of whether we fall off the 'cliff' or come to a negotiated settlement, next year's fiscal picture will be more restrictive than has been the case thus far. And that will have a bearing on the economy's growth trajectory.
This morning's downward revision to the OECD's economic growth forecast for the 34 members of the rich-country group reflects this realization. The OECD expects the combined GDP of the group's members to grow at a slower pace in 2013 than what it expected six months ago (1.4% vs. 2.2%).
The group now expects the U.S. economy to expand at a 2% pace in 2013, down from its May forecast of 2.6% growth. For the Euro-zone, the OECD now expects the region to contract 0.1% instead of the 0.9% growth it expected earlier.
The expected changes to dividend tax rates due to 'Fiscal Cliff' related fixes is prompting a growing number of companies to pay out their dividends earlier. Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. Taxes have a direct bearing on investment and consumption decisions for businesses and households. And these dividend change announcements are a reflection of this.
DILLARDS INC-A (DDS): Free Stock Analysis Report
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. The strong Durable Goods orders report this morning will likely be not much help diverting the market's attention from the uncertain 'Fiscal Cliff' issue.
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Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. The expected changes to dividend tax rates due to 'Fiscal Cliff' related fixes is prompting a growing number of companies to pay out their dividends earlier.
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Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. The strong Durable Goods orders report this morning will likely be not much help diverting the market's attention from the uncertain 'Fiscal Cliff' issue.
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7552bb26-0b86-46a0-bb2a-00c16506bd09
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720081.0
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2012-11-27 00:00:00 UTC
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Ahead of Wall Street - November 27, 2012 - Ahead of Wall Street
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DDS
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https://www.nasdaq.com/articles/ahead-wall-street-november-27-2012-ahead-wall-street-2012-11-27
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nan
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nan
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Tuesday, November 27, 2012
The strong Durable Goods orders report this morning will likely be not much help diverting the market's attention from the uncertain 'Fiscal Cliff' issue. That said, the internals of the report are quite good and should go some way allaying fears of an impending corporate spending slowdown.
Many of us had started worrying that the recent disconnect between confidence measures among consumers and businesses was due to the 'Fiscal Cliff' issue. But even if that isn't the real culprit, the market's primary focus today (and in the coming days) will be on this unresolved issue.
It is tempting to question whether the market is adequately pricing in the fiscal changes on tap next year due to tax increases and spending cuts. The reality is that irrespective of whether we fall off the 'cliff' or come to a negotiated settlement, next year's fiscal picture will be more restrictive than has been the case thus far. And that will have a bearing on the economy's growth trajectory.
This morning's downward revision to the OECD's economic growth forecast for the 34 members of the rich-country group reflects this realization. The OECD expects the combined GDP of the group's members to grow at a slower pace in 2013 than what it expected six months ago (1.4% vs. 2.2%).
The group now expects the U.S. economy to expand at a 2% pace in 2013, down from its May forecast of 2.6% growth. For the Euro-zone, the OECD now expects the region to contract 0.1% instead of the 0.9% growth it expected earlier.
The expected changes to dividend tax rates due to 'Fiscal Cliff' related fixes is prompting a growing number of companies to pay out their dividends earlier. Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. Taxes have a direct bearing on investment and consumption decisions for businesses and households. And these dividend change announcements are a reflection of this.
Sheraz Mian
Director of Research
DILLARDS INC-A (DDS): Free Stock Analysis Report
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. Sheraz Mian Director of Research DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Tuesday, November 27, 2012 The strong Durable Goods orders report this morning will likely be not much help diverting the market's attention from the uncertain 'Fiscal Cliff' issue.
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Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. Sheraz Mian Director of Research DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sheraz Mian Director of Research DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. The expected changes to dividend tax rates due to 'Fiscal Cliff' related fixes is prompting a growing number of companies to pay out their dividends earlier.
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Sheraz Mian Director of Research DILLARDS INC-A (DDS): Free Stock Analysis Report LAS VEGAS SANDS (LVS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Companies that have already announced changes to their payout dates include Wal-Mart ( WMT ), Las Vegas Sands ( LVS ) and Dillard's ( DDS ), to name the prominent ones. The group now expects the U.S. economy to expand at a 2% pace in 2013, down from its May forecast of 2.6% growth.
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caa3c5e0-fd8f-4f9d-9c24-ddcbc5019188
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720082.0
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2012-11-26 00:00:00 UTC
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Dillard's Hits a New 52-Week High - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-hits-a-new-52-week-high-analyst-blog-2012-11-26
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nan
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nan
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Shares of Dillard's Inc. ( DDS ) have set a new 52-week high of $86.80 on Friday, November 23, 2012, beating its previous 52-week high of $86.71 attained on November 8, 2012. The closing price of this fashion, cosmetics and home furnishings retailer as of November 23, 2012 was $86.44, which represented a marvelous year-to-date return of96.14%. Average volume of shares traded over the last 3 months stands at approximately 436.6 thousand.
Growth Driver
An impressive record of beating the quarterly earnings expectations, sturdy fiscal third quarter 2012 (ended October, 2012) earnings, healthy comparable-store sales, effective cost management, initiatives taken to boost profitability, solid cash flow from operations year-to-date are the major contributors of growth for the shares of this company.
With respect to earnings surprise, Dillard's has topped the Zacks Consensus Estimates in nine back-to-back quarters, with a solid average of 54.9%.
Dillard's top line (including CDI Contractors LLC or CDI) in the fiscal third quarter 2012 increased 4.8% to $1.450 billion from $1.383 billion in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1.425 billion compared with $1.366 billion in the year-ago quarter. The company's total revenue (including other income) of $1.486 billion surpassed the Zacks Consensus Estimate of $1.442 billion. Comparable store sales (comps) for the quarter were up 5% year over year.
The robust performance was backed by healthy comparable-store sales growth of 5% and improved margins. Further, management's cost cutting initiatives are facilitating the company to abridge costs and boost profitability.
The company benefits from improvements in inventory management, which is focused on conservative purchasing and efficiently matching the timing of receipts with demand, thereby resulting in reduced markdowns.
For the nine months ended October 27, 2012, the company generated net cash flow from operations of $219.9 million compared with $135.6 million in the comparable period last year.
Earnings Estimate Revision
The Zacks Consensus Estimate for fiscal 2012 increased 5.5% to $6.33 per share over the last 30 days. The current year-over-year growth estimate for 2012 is 50.4%.
For fiscal 2013, the Zacks Consensus Estimate was raised by 10.8% to $7.20 per share over the same time frame. The current year-over-year growth estimate for 2013 is 13.7%.
Valuation
Dillard's currently trades at a forward P/E of 13.70x, at a premium of 0.3% with the peer group average of 13.66x, while, its price-to-sales ratio of 0.63 is at a premium to the peer group average of 0.57. Moreover, on a price-to-book basis, shares trade at 1.97x versus the peer group average of 1.99x. With respect to return on equity (ROE), the stock looks attractive as well. It has a trailing 12-month ROE of 13.7%, which is above its peer group average of 9.7%. This implies that the company reinvests its earnings more efficiently than its peer group.
About the Company
Headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The company's primary product categories include women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's clothing. Its merchandise mix consists of both branded and private-label items. As of October 27, the company operated 284 outlets and 18 clearance centers and one Internet store across 29 states. The company, founded in 1938, has a market cap of $4 billion.
Zacks Rank & Recommendation
Based on the above analysis, the stock currently carries a Zacks #1 Rank, which translates into a short-term Strong Buy rating for the upcoming 1-3 months. Moreover, we maintain our long-term 'Outperform' recommendation on Dillard's, a peer of Macy's Inc. ( M ).
DILLARDS INC-A (DDS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's Inc. ( DDS ) have set a new 52-week high of $86.80 on Friday, November 23, 2012, beating its previous 52-week high of $86.71 attained on November 8, 2012. DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Driver An impressive record of beating the quarterly earnings expectations, sturdy fiscal third quarter 2012 (ended October, 2012) earnings, healthy comparable-store sales, effective cost management, initiatives taken to boost profitability, solid cash flow from operations year-to-date are the major contributors of growth for the shares of this company.
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DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc. ( DDS ) have set a new 52-week high of $86.80 on Friday, November 23, 2012, beating its previous 52-week high of $86.71 attained on November 8, 2012. Growth Driver An impressive record of beating the quarterly earnings expectations, sturdy fiscal third quarter 2012 (ended October, 2012) earnings, healthy comparable-store sales, effective cost management, initiatives taken to boost profitability, solid cash flow from operations year-to-date are the major contributors of growth for the shares of this company.
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Shares of Dillard's Inc. ( DDS ) have set a new 52-week high of $86.80 on Friday, November 23, 2012, beating its previous 52-week high of $86.71 attained on November 8, 2012. DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Driver An impressive record of beating the quarterly earnings expectations, sturdy fiscal third quarter 2012 (ended October, 2012) earnings, healthy comparable-store sales, effective cost management, initiatives taken to boost profitability, solid cash flow from operations year-to-date are the major contributors of growth for the shares of this company.
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Shares of Dillard's Inc. ( DDS ) have set a new 52-week high of $86.80 on Friday, November 23, 2012, beating its previous 52-week high of $86.71 attained on November 8, 2012. DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The closing price of this fashion, cosmetics and home furnishings retailer as of November 23, 2012 was $86.44, which represented a marvelous year-to-date return of96.14%.
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f50c2ce4-cfd6-4a64-a1e4-9414812ffe7c
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720083.0
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2012-11-20 00:00:00 UTC
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Dillard's: A Strong Buy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards%3A-a-strong-buy-analyst-blog-2012-11-20
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nan
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nan
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Impressive fiscal third quarter 2012 (ended October 27, 2012) results that included a 28% earnings surprise coupled with advancing earnings estimates helped Dillard's Inc . ( DDS ) achieve a Zacks #1 Rank (Strong Buy) on November 13.
Shares of this fashion, cosmetics and home furnishings retailer attained a new 52-week high of $86.71 on November 8, after posting strong third quarter numbers. Moreover, looking at the stock's robust growth (year-to-date return of 93.1%) and its history of beating quarterly earnings estimates (including an average beat of 19.9% over the trailing four quarters), this stock offers an attractive investment opportunity.
The Rank Driver
Sturdy fiscal third quarter 2012 earnings, healthy comparable-store sales, effective cost management and upward trending earnings estimates - are the primary rank drivers for this stock.
Dillard's, which competes with Kohl's Corporation ( KSS ) and Macy's Inc. ( M ), posted third-quarter earnings of 96 cents a share, significantly above the Zacks Consensus Estimate of 75 cents and doubling from the prior-year quarter's earnings of 48 cents. The quarter also marked the company's ninth straight quarter of positive earnings surprise.
Dillard's top line (including CDI Contractors LLC or CDI) increased 4.8% to $1.450 billion from $1.383 billion in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1.425 billion compared with $1.366 billion in the year-ago quarter. The company's total revenue (including other income) of $1.486 billion surpassed the Zacks Consensus Estimate of $1.442 billion. Comparable store sales (comps) for the quarter were up 5%.
The robust performance was backed by healthy comparable-store sales growth of 5% and improved margins. Further, management's cost cutting initiatives is facilitating the company to abridge costs and boost profitability.
The company benefits from its improvements in inventory management, which is focused on conservative purchasing and efficiently matching the timing of receipts with demand, which ultimately results in reduced markdowns.
Moreover, earnings estimate revisions for the company is exhibiting a positive trend for fiscal 2012 and 2013. The Zacks Consensus Estimate for fiscal 2012 (ending January 2013) jumped 5.5% to $6.33 per share in the last 30 days, reflecting year-over-year growth of 50.4%. Moreover, for fiscal 2013, the Zacks Consensus Estimate augmented 10.8% to $7.20 per share, reflecting an estimated year-over-year growth of about 13.7%.
Valuation
Dillard's currently trades at a forward P/E of 13.41x, at par with the peer group average, while, its price-to-sales ratio of 0.62 is at a premium to the peer group average of 0.57. However, on a price-to-book basis, shares trade at 1.93x, a discount to the peer group average of 1.97x. With respect to return on equity (ROE), the stock looks attractive as well. It has a trailing 12-month ROE of 13.7%, which is above its peer group average of 9.7%. This implies that the company reinvests its earnings more efficiently than its peer group.
About the Company
Headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The company's primary product categories are: women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's clothing. Its merchandise mix consists of both branded and private-label items. As of October 27, the company operated 284 outlets and 18 clearance centers and one Internet store across 29 states. The company, founded in 1938, has a market cap of $4 billion.
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) achieve a Zacks #1 Rank (Strong Buy) on November 13. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this fashion, cosmetics and home furnishings retailer attained a new 52-week high of $86.71 on November 8, after posting strong third quarter numbers.
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DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) achieve a Zacks #1 Rank (Strong Buy) on November 13. Moreover, looking at the stock's robust growth (year-to-date return of 93.1%) and its history of beating quarterly earnings estimates (including an average beat of 19.9% over the trailing four quarters), this stock offers an attractive investment opportunity.
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( DDS ) achieve a Zacks #1 Rank (Strong Buy) on November 13. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, looking at the stock's robust growth (year-to-date return of 93.1%) and its history of beating quarterly earnings estimates (including an average beat of 19.9% over the trailing four quarters), this stock offers an attractive investment opportunity.
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( DDS ) achieve a Zacks #1 Rank (Strong Buy) on November 13. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, looking at the stock's robust growth (year-to-date return of 93.1%) and its history of beating quarterly earnings estimates (including an average beat of 19.9% over the trailing four quarters), this stock offers an attractive investment opportunity.
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b4866e50-781b-4d1c-bcf7-c86c66299efc
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720084.0
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2012-11-16 00:00:00 UTC
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Dillard's - Momentum
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DDS
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https://www.nasdaq.com/articles/dillards-momentum-2012-11-16
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nan
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nan
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Dillard's Inc. ( DDS ) has gained significant momentum following its fiscal third-quarter results on November 8, which included an earnings surprise of 28%. Shares of this fashion, cosmetics and home furnishings retailer hit a 52-week high of $86.71 on the day of the announcement, and have now amassed a year-to-date return of 87.6%. Earnings estimates for fiscal 2012 and 2013 have been trending upward over the past week, helping DDS achieve a Zacks #1 Rank (Strong Buy) on November 13.
Fabulous Q3
Dillard's reported fiscal third-quarter earnings of 96 cents per share last week, surpassing the Zacks Consensus Estimate of 75 cents and doubling last year's 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 company's 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.
Men's apparel and accessories were the outperforming categories, followed by women's accessories, lingerie and shoes. The category that witnessed the lowest sales was home and furniture. Dillard's 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 500's 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 company's primary product categories are: women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's 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.
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DILLARDS INC-A (DDS): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings estimates for fiscal 2012 and 2013 have been trending upward over the past week, helping DDS achieve a Zacks #1 Rank (Strong Buy) on November 13. Dillard's Inc. ( DDS ) has gained significant momentum following its fiscal third-quarter results on November 8, which included an earnings surprise of 28%. Learn More>> DILLARDS INC-A (DDS): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Learn More>> DILLARDS INC-A (DDS): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ) has gained significant momentum following its fiscal third-quarter results on November 8, which included an earnings surprise of 28%. Earnings estimates for fiscal 2012 and 2013 have been trending upward over the past week, helping DDS achieve a Zacks #1 Rank (Strong Buy) on November 13.
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Learn More>> DILLARDS INC-A (DDS): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ) has gained significant momentum following its fiscal third-quarter results on November 8, which included an earnings surprise of 28%. Earnings estimates for fiscal 2012 and 2013 have been trending upward over the past week, helping DDS achieve a Zacks #1 Rank (Strong Buy) on November 13.
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Dillard's Inc. ( DDS ) has gained significant momentum following its fiscal third-quarter results on November 8, which included an earnings surprise of 28%. Earnings estimates for fiscal 2012 and 2013 have been trending upward over the past week, helping DDS achieve a Zacks #1 Rank (Strong Buy) on November 13. Learn More>> DILLARDS INC-A (DDS): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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7d21de8b-c76f-4135-bc04-e6f0b8f02fa0
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720085.0
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2012-11-14 00:00:00 UTC
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Donald Smith's Q3 Portfolio Updates: Two New Stocks Are StanCorp Financial and Nabors Industries
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DDS
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https://www.nasdaq.com/articles/donald-smiths-q3-portfolio-updates-two-new-stocks-are-stancorp-financial-and-nabors
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nan
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nan
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Guru investor Donald Smith of New-York based Donald Smith & Co. Inc. investment firm, has reported a total of 31 transactions in its third quarter portfolio updates, consisting of:
Donald Smith follows a strict bottom-up investment approach, investing in stocks that are out of favor, "that sell in the bottom decile of price-to-tangible book value ratios, and that have significant earnings potential over the next 2-4 years," according to Donaldsmithandco.com. The stocks in the firm's portfolio have an average investment holding period of approximately three years.
The firm also offers five long-only funds: All Cap Value Equity, Large Cap Concentrated Value Equity, Midcap Value Equity, Small Cap Value Equity and Micro Cap Value Equity.
As of the end of the third quarter, Donald Smith 's portfolio had a total of 95 stocks, with a total value of $3.3 billion and quarter-over-quarter turnover rate of 5%.
The firm's top five holdings are:
1. Ingram Micro Inc. ( IM ) at 4.9% ownership
2. Dillards Inc. ( DDS ) at 4.5% ownership
3. Granite Real Estate Inc. ( GRP ) at 4.5% ownership
4. Micron Technology Inc. ( MU ) at 4.2% ownership
5. JetBlue Airways Corp. ( JBLU ) at 4.2% ownership
The fund's sector weightings are as follows:
In summary, Donald Smith targets stocks that are out of favor, and have a large margin of safety as well as attractive pricing and valuations, while trying to minimize absolute risks. For the third quarter, he had only two new buys: StanCorp Financial Group Inc. ( SFG ) and Nabors Industries Ltd. ( NBR ), stocks that belong in the first and third largest sectors represented in Donald Smith's portfolio.
StanCorp Financial Inc. ( SFG )
Donald Smith's new holding of financial services provider StanCorp Financial ( SFG ) amounts to 245,856 shares.
Headquartered in Portland, Ore., StanCorp is parent to several subsidiaries that offer an array of insurance coverage, marketed as Standard Insurance Company, Standard Retirement Services, StanCorp Mortgage Investors, StanCorp Investment Advisers and StanCorp Real Estate, to name a few.
The company has a market cap of $1.48 billion, and is currently trading at $33.09 per share.
Ranking in the bottom half of Business Predictability, its revenue growth percentage trends positively at a rate of 9.2 percent in a 10-year time frame, while its operating margin, though having experienced an unstable trend in the last five years, suffers a negative growth trend at a rate of 4.37 percent.
Despite its growth margin, along with its operating margin, in a five-year decline, shareholders are seeing growing returns, as well as low P/E and P/B ratios in its trading activity; its P/E ratio is close to its 10-year low and its P/B ratio is close to its 1-year low.
GuruFocus ranks StanCorp Financial a 5 out of 10 in Financial Strength and 6 out of 10 in Profitability and Growth. View the company's 10-Year Financials to see where it stands financially.
Nabors Industries Ltd. ( NBR )
Donald Smith's new holding of oil and gas drilling company Nabors Industries ( NBR ) totaled 70,000 shares.
A company worth $3.81 billion, Bermuda-based Nabors Industries provides land and platform drilling contract services for the purposes of exploration and development of oil, gas and geothermal wells, expanding its services worldwide.
Nabors is trading at a one-year low of $13.29; it has traded at a minimum price of $13.01 and a maximum price of $16.70.
Similar to Smith's StanCorp Financial stock, Nabors shows a rising revenue within a 10-year time frame, at a rate of 12.6 percent, while its operating margin shows less stability with a negatively tilted trend line.
In turn, Nabors has a 1-star Business Predictability, as well as a mediocre Financial Strength of 5 out of 10 and a Profitability and Growth Rank of 4 out of 10. View the rest of the company's 10-Year Financials to see where else it stands financially.
View the rest of Donald Smith's portfolio updates here. Also view the portfolio's undervalued stocks, top growth companies and high yield stocks.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillards Inc. ( DDS ) at 4.5% ownership 3. JetBlue Airways Corp. ( JBLU ) at 4.2% ownership The fund's sector weightings are as follows: In summary, Donald Smith targets stocks that are out of favor, and have a large margin of safety as well as attractive pricing and valuations, while trying to minimize absolute risks. For the third quarter, he had only two new buys: StanCorp Financial Group Inc. ( SFG ) and Nabors Industries Ltd. ( NBR ), stocks that belong in the first and third largest sectors represented in Donald Smith's portfolio.
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Dillards Inc. ( DDS ) at 4.5% ownership 3. Headquartered in Portland, Ore., StanCorp is parent to several subsidiaries that offer an array of insurance coverage, marketed as Standard Insurance Company, Standard Retirement Services, StanCorp Mortgage Investors, StanCorp Investment Advisers and StanCorp Real Estate, to name a few. Nabors Industries Ltd. ( NBR ) Donald Smith's new holding of oil and gas drilling company Nabors Industries ( NBR ) totaled 70,000 shares.
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Dillards Inc. ( DDS ) at 4.5% ownership 3. Guru investor Donald Smith of New-York based Donald Smith & Co. Inc. investment firm, has reported a total of 31 transactions in its third quarter portfolio updates, consisting of: Donald Smith follows a strict bottom-up investment approach, investing in stocks that are out of favor, "that sell in the bottom decile of price-to-tangible book value ratios, and that have significant earnings potential over the next 2-4 years," according to Donaldsmithandco.com. StanCorp Financial Inc. ( SFG ) Donald Smith's new holding of financial services provider StanCorp Financial ( SFG ) amounts to 245,856 shares.
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Dillards Inc. ( DDS ) at 4.5% ownership 3. The company has a market cap of $1.48 billion, and is currently trading at $33.09 per share. GuruFocus ranks StanCorp Financial a 5 out of 10 in Financial Strength and 6 out of 10 in Profitability and Growth.
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e74311b1-c4f3-4386-b350-2ccd9efc624c
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720086.0
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2012-11-09 00:00:00 UTC
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Dillard's Beats, Share Price Rises - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-beats-share-price-rises-analyst-blog-2012-11-09
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nan
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nan
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Driven by a robust sales performance, gross margin improvement as well as prudent cost control measures, the upscale departmental store chain retailer, Dillard's Inc . ( DDS ) reported an outstanding third-quarter 2012 on Thursday. The results exceeded the Zacks Consensus Estimates for the fourth straight quarter.
The company's adjusted earnings of 96 cents per share doubled the prior-year quarter's earnings of 48 cents and significantly outpaced the Zacks Consensus Estimate of 75 cents. On a reported basis (including one-time items) Dillard's earnings came in at $1.01 per share compared with $4.31 in the year-ago period.
The strong quarterly performance boosted investor's sentiments, which reflected on the company's share price, which closed 3.89% higher at $8.953 on November 08, 2012, from the previous day's closing price of $80.81. Moreover, this set a new 52-week high of $86.71 on the same day, beating its previous 52-week high of $82.99.
Recently, Dillard's peer Macy's Inc. ( M ) also reported a robust third quarter of fiscal 2012. The quarterly earnings of 36 cents a share beat the Zacks Consensus Estimate of 29 cents, and surged 12.5% from 32 cents earned in the comparable prior-year quarter.
Quarter in Detail
Dillard's top line (including CDI Contractors LLC or CDI) increased 4.8% to $1.450 billion from $1.383 billion in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1.425 billion compared with $1.366 billion in the year-ago quarter. The company's total revenue (including other income) of $1.486 billion surpassed the Zacks Consensus Estimate of $1.442 billion. Comparable store sales (comps) for the quarter were up 5%.
Men's apparel and accessories were the outperforming categories, followed by women's accessories, lingerie and shoes. The category that witnessed the lowest sales was home and furniture. The best performing region was Central, followed by West and East.
Dillard's gross margin from retail operations (excluding CDI) expanded 40 basis points (bps) to 37.1%, while consolidated gross margin (including CDI) augmented 30 bps to 36.6%.
As a result of restructuring initiatives and inventory reduction efforts, the company's operating expenses remained flat on a year-over-year basis at $404.6 million, while operating expenses as a percentage of sales contracted 140 bps to 27.9%.
Other Financial Details
Dillard's ended the third quarter with cash and cash equivalents of $124.8 million compared with $106.4 million in the year-ago period. As of October 27, 2012, the company's long-term debt and capital leases (including current portion) slipped to $624.9 million from $704.0 million as of October 29, 2011. For the nine months ended October 27, 2012, the company generated net cash flow from operations of $219.9 million compared with the year-ago period of 135.6 million.
Store Update
In the third quarter, Dillard's closed 1 store in Southpark Mall in Colonial Heights, Virginia. As of October 27, 2012, Dillard's had about 284 Dillard's locations as well as 18 clearance centers operating in 29 states. At quarter-end, the company had a total square footage of 52.3 million.
Looking into 2012
Dillard's expects fiscal 2012 depreciation and amortization expenses to be about $258 million, while Rentals are projected at approximately $34 million. Moreover, the company expects to spend about $145 million toward capital expenditure in fiscal 2012, compared with $116 million spent in fiscal 2011.
Our Recommendation
Currently, Dillard's maintains a Zacks Rank of #2, implying a short-term Buy rating. Moreover, our long-term Outperform recommendation on the stock remains intact, since the company posted stronger-than-expected third quarter 2012 results and continues to focus on cost containment initiatives to boost profitability.
Headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The company's primary product categories are: women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's clothing. Its merchandise mix consists of both branded and private-label items.
DILLARDS INC-A (DDS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) reported an outstanding third-quarter 2012 on Thursday. DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Driven by a robust sales performance, gross margin improvement as well as prudent cost control measures, the upscale departmental store chain retailer, Dillard's Inc .
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DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) reported an outstanding third-quarter 2012 on Thursday. The quarterly earnings of 36 cents a share beat the Zacks Consensus Estimate of 29 cents, and surged 12.5% from 32 cents earned in the comparable prior-year quarter.
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( DDS ) reported an outstanding third-quarter 2012 on Thursday. DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The quarterly earnings of 36 cents a share beat the Zacks Consensus Estimate of 29 cents, and surged 12.5% from 32 cents earned in the comparable prior-year quarter.
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( DDS ) reported an outstanding third-quarter 2012 on Thursday. DILLARDS INC-A (DDS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis (including one-time items) Dillard's earnings came in at $1.01 per share compared with $4.31 in the year-ago period.
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4bc74443-7de6-40b3-9605-145c353c5c0f
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720087.0
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2012-11-08 00:00:00 UTC
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Dillard’s Shares Surge as Q3 Earnings Easily Top Estimates (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-shares-surge-q3-earnings-easily-top-estimates-dds-2012-11-08
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nan
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nan
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Thursday posted much better-than-expected third quarter earnings results, sending its shares higher in morning trading.
The Little Rock, AR-based company reported third quarter net income of $48.5 million, or $1.01 per share, compared with $228.2 million, or $4.31 per share, in the year-ago period. Last year's results included a massive one-time tax credit.
Excluding special items, adjusted profit in the latest period was 96 cents per share. Revenue rose 4.8% from last year to $1.45 billion.
On average, Wall Street analysts expected a much lower profit of 69 cents per share, on slightly smaller revenue of $1.44 billion.
Dillard's shares rose $4.37, or +5.1%, in morning trading Thursday.
The Bottom Line
Shares of Dillard's ( DDS ) have a .25% dividend yield, based on last night's closing stock price of $80.81. The stock has technical support in the $73-$75 price area. The shares are trading at all-time highs.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Thursday posted much better-than-expected third quarter earnings results, sending its shares higher in morning trading. The Bottom Line Shares of Dillard's ( DDS ) have a .25% dividend yield, based on last night's closing stock price of $80.81. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Thursday posted much better-than-expected third quarter earnings results, sending its shares higher in morning trading. The Bottom Line Shares of Dillard's ( DDS ) have a .25% dividend yield, based on last night's closing stock price of $80.81. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Thursday posted much better-than-expected third quarter earnings results, sending its shares higher in morning trading. The Bottom Line Shares of Dillard's ( DDS ) have a .25% dividend yield, based on last night's closing stock price of $80.81. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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The Bottom Line Shares of Dillard's ( DDS ) have a .25% dividend yield, based on last night's closing stock price of $80.81. Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Thursday posted much better-than-expected third quarter earnings results, sending its shares higher in morning trading. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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a35fe19a-5e3a-420f-b603-b1e111159718
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720088.0
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2012-11-08 00:00:00 UTC
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Market Wrap-Up for Nov.8 (QCOM, AAPL, CTL, PRU, KSS, WFM, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-nov8-qcom-aapl-ctl-pru-kss-wfm-more-2012-11-08
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nan
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nan
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The markets took on a volatile tone once again today, following yesterday's battering of the indices. Today's themes seem to be centered around the EU and the timing of further aid for Greece, as well as the intense focus on the plunge in Apple ( AAPL ) shares witnessed recently.
Earnings results were actually helping the markets avoid an early dive with solid results from the likes of Qualcomm ( QCOM ), CenturyLink ( CTL ), Dillards ( DDS ), and CBS Corporation ( CBS ). On the flipside, investors were selling the earnings news from Whole Foods ( WFM ), Prudential ( PRU ), and Kohl's ( KSS ).
As always, you can check out our coverage of all the latest earnings reports and analyst moves affecting dividend stocks over on The Dividend Daily .
Closer to the Brink
Not even 24 hours after the election day results, the media shifted quicker than a needy 5-year old, not content with the task at hand and instead worrying about the next big thing. Let me set the stage a bit: you will get terrifying headlines, a record number of breaking news flashes, markets will have wild swings, and last but not least, politicians will dance until they get the opposing party to cave in on items that will likely come back to hit taxpayers in the pocket some how, some way. They will then gather together and pat each other on the back while plotting for the next battle.
At Dividend.com, we have been anticipating the late-year fireworks and have been running with a lean list of stocks we feel comfortable having investors consider for new and ongoing capital purchases. As the market continues to sort through the headlines, we will stay laser-focused on finding potential new names that could present opportunities for long-term investors to act on. Stay tuned!
2013 Dividend Guide Coming Soon!
We just wanted to let everyone know that we are working hard on a new 2013 Dividend Guide, loaded with our thoughts on what to expect in the coming year for dividend stocks. Again, this is only available to Dividend.com Premium members for download, so be sure you are signed up to receive the guide once it's released! Last year's Beat the Market with Dividend Stocks eBook was a smash success, and this year's version will be even better. We anticipate releasing the new guide within the next couple of weeks.
25 Years of Dividend-Increasing Stocks
We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. Be sure to check out the latest list of names here .
Dividends Really Matter
Financial blog DailyReckoning.com recently took a look at the difference dividend payouts made in the overall return investors saw throughout the prior decades. Here are some of the highlights:
- The Nasdaq is down 28% since the end of 1999. Even the "blue chip" S&P 500 stocks are down 15% during that time frame…until you add back those "boring" dividends. With dividends included, the S&P 500′s 15% loss flips to a 6% gain.
- Without dividends, the S&P 500 index would have produced a loss for the 25 long years from August 1929 to August 1954. Then again, without dividends, the S&P 500 produced a 5% loss during the 13 years from September 1961 to September 1974. But with dividends included, the S&P's loss became a 46% gain.
- Over the course of the last half-century, dividends have contributed more than half of the stock market's total return - 56%, to be exact.
Of course, you can't discuss the potency of dividend investing without making mention of how awesome compound returns are. I can't stress enough the power of compound interest: you take a small amount of money and turn it into a large amount over time. Finding the right companies at the right price points which not only grow earnings, but also grow their dividend payouts as well!
New Watchlist Article Out Today
Be sure to check out our weekly Top 50 High-Yield Watchlist Names post that is out today, exclusively for Dividend.com Premium members. This list gives readers a good idea of what stocks we're watching behind the scenes here for potential upgrades.
Go Beyond This Newsletter
We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the "Big Three" benefits of our Premium service:
- The Best Dividend Stocks List is used by tens of thousands of investors to help build their own portfolios.
- Creating your own Watchlist allows you to track the performance, news, and upcoming dividend payouts of the particular stocks you care about.
- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a "Dividend Capture" trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.
We don't ask for a credit card to use our free trial, and we don't bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven't already subscribed!
Thanks for reading, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings results were actually helping the markets avoid an early dive with solid results from the likes of Qualcomm ( QCOM ), CenturyLink ( CTL ), Dillards ( DDS ), and CBS Corporation ( CBS ). Today's themes seem to be centered around the EU and the timing of further aid for Greece, as well as the intense focus on the plunge in Apple ( AAPL ) shares witnessed recently. Closer to the Brink Not even 24 hours after the election day results, the media shifted quicker than a needy 5-year old, not content with the task at hand and instead worrying about the next big thing.
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Earnings results were actually helping the markets avoid an early dive with solid results from the likes of Qualcomm ( QCOM ), CenturyLink ( CTL ), Dillards ( DDS ), and CBS Corporation ( CBS ). 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings results were actually helping the markets avoid an early dive with solid results from the likes of Qualcomm ( QCOM ), CenturyLink ( CTL ), Dillards ( DDS ), and CBS Corporation ( CBS ). As always, you can check out our coverage of all the latest earnings reports and analyst moves affecting dividend stocks over on The Dividend Daily . We just wanted to let everyone know that we are working hard on a new 2013 Dividend Guide, loaded with our thoughts on what to expect in the coming year for dividend stocks.
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Earnings results were actually helping the markets avoid an early dive with solid results from the likes of Qualcomm ( QCOM ), CenturyLink ( CTL ), Dillards ( DDS ), and CBS Corporation ( CBS ). 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. New Watchlist Article Out Today Be sure to check out our weekly Top 50 High-Yield Watchlist Names post that is out today, exclusively for Dividend.com Premium members.
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1141b58e-4468-43ba-b264-38185262b08e
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720089.0
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2012-11-07 00:00:00 UTC
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Macy's Beats, Lifts Outlook - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-beats-lifts-outlook-analyst-blog-2012-11-07
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nan
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nan
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Macy's Inc. ( M ) posted better-than-expected third-quarter 2012 results, thereby prompting management to raise fiscal 2012 guidance. The company's relentless endeavors to keep itself on the growth trajectory have paid off in an economy, which still lacks luster. This is the 11 th straight quarter that the company has witnessed top and bottom line growth.
Let's Unveil the Picture
The quarterly earnings of 36 cents a share beat the Zacks Consensus Estimate of 29 cents, and surged 12.5% from 32 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration, robust online sales and effective cost management.
The Cincinnati, Ohio-based Macy's said that total sales grew 3.8% to $6,075 million in the quarter from $5,853 million in the year-ago period, and came ahead of the Zacks Consensus Estimate of $6,073 million. Comparable-store sales for the quarter climbed 3.7%.
In spite of the macroeconomic headwinds and Hurricane Sandy, Macy's remains optimistic about its future performance. Backed by the success witnessed last year, the company will open its stores at midnight on Black Friday. The company will offer block-buster deals, which include lucrative discounts. Besides this, Macy's will provide its patrons the ease of shopping through smartphones and tablets.
Of late, the retail industry has been experiencing a shift in consumers shopping pattern. Shoppers are spending a sizeable portion of their money to buy essentials and looking for value-adds. Shoppers rank value-for-price as the most important aspect of store purchases. Thus, retailers are coming up with numerous strategic measures as the key holiday season is around the corner.
Coming back to the story, online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum. For the quarter, online sales were up 40.4%. Online sales favorably impacted comparable-store sales by 2.2%. The company seeks to expand both Macy's and Bloomingdale's brands online.
Despite a 3.6% increase in cost of sales, gross profit in the quarter climbed 4.1% to $2,403 million, aided by top-line growth, whereas gross profit margin expanded 20 basis points to 39.6%. Operating income jumped 11.7% to $325 million, whereas operating margin increased 40 basis points to 5.4%.
Stores Update
Macy's opened Bloomingdale's Outlet stores in Westbury and Grand Prairie during the quarter, and plans to open the third store in Livermore in the fourth quarter. A Macy's outlet in Santa Ana was shuttered during the quarter and its operation was merged with a full-line Macy's store in the same mall.
Other Financial Aspects
Macy's ended the quarter with cash and cash equivalents of $1,264 million, long-term debt of $6,519 million, reflecting a debt-to-capitalization ratio of 54% and shareholders' equity of $5,563 million.
Macy's has been actively managing its cash flows, returning much of its free cash to shareholders via dividends or share repurchase activity, while maintaining a healthy balance sheet and credit ratios that are necessary for an investment-grade rating. The share repurchases and dividend increasing strategies not only enhance shareholders' return but also raise the market value of the stock.
During the first-nine months of fiscal 2012, the company paid dividend of $246 million and repaid debt of $803 million. During the quarter, the company repurchased approximately 10.3 million shares, aggregating about $403 million.
So far in the fiscal year, Macy's has bought back approximately 26.3 million shares totaling about $991 million. The company at its disposal had approximately $361 million of share repurchase authorization remaining as of October 27, 2012.
Macy's generated net cash flow of $889 million from operating activities in the first-nine months of 2012 compared with $627 million in the year-ago period.
Strolling Through Guidance
Buoyed by Macy's healthy results management now expects fiscal 2012 earnings between $3.35 and $3.40, up from a range of $3.30 to $3.35 per share forecasted earlier. For the fourth quarter earnings are projected between $1.94 and $1.99 per share. The current Zacks Consensus Estimates for the fourth quarter and fiscal 2012 are $2.04 and 3.39, respectively.
With the announcement of its October sales results, the company raised its guidance of comparable-store sales for the second half of fiscal 2012. Management now anticipates an augmentation of about 4% in comparable-store sales compared with its earlier guidance of 3.7%. For the fourth quarter and fiscal 2012 comparable-store sales are projected to increase by 4.2% and 3.9%, respectively.
Let's Conclude
The U.S. economy is still not fully recovered. Amid such a scenario, Macy's has been moving on and keeping its upbeat note. The company's sound fundamentals across its Macy's and Bloomingdale's business are mirrored through strong third quarter results, and management believes that it will sustain the same momentum going forward.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
However, the company's expansion in regions where it already serves could cannibalize its sales performance and bring down traffic counts at its existing stores in these areas. Consequently, this may have a negative impact on the company's overall performance. Moreover, a sluggish economic recovery and erratic consumer behavior remain causes for concern.
Macy's department stores sell a wide range of merchandise. Its products include men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term Neutral recommendation on the stock. Moreover, Macy's holds a Zacks #2 Rank that translates into a short-term Buy rating, and well defines the company's consistent positive earnings surprise history and an upbeat guidance following stronger-than-anticipated third quarter results.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Shoppers are spending a sizeable portion of their money to buy essentials and looking for value-adds. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Shoppers are spending a sizeable portion of their money to buy essentials and looking for value-adds. Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
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Shoppers are spending a sizeable portion of their money to buy essentials and looking for value-adds. Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Shoppers are spending a sizeable portion of their money to buy essentials and looking for value-adds. Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here.
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72107c5c-9271-409d-bf64-111343be90fc
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720090.0
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2012-11-02 00:00:00 UTC
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Macy's Oct. Comps Rise, Guides Up - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-oct.-comps-rise-guides-up-analyst-blog-2012-11-02
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nan
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nan
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Macy's Inc . ( M ) - one of the leading department store retailers in the U.S. - posted healthy comparable-store sales as well as sales for the four-week period ended October 27, 2012. Despite the damage caused by Hurricane Sandy, the company has raised its comps guidance for the second half of fiscal 2012 on the back of strong third-quarter sales along with anticipated positive response from the upcoming holiday season.
Comparable-store sales improved 4.1% year over year for the month of October, attributable to continued strength in its online business. Total sales increased 3.6% to $1.9 billion compared with $1.8 billion in the prior-year period.
Year-to-date, Macy's sales augmented 3.7% to $18.3 billion compared with $17.7 billion in the same period last year, whereas comparable-store sales also witnessed a hike of 3.7%.
Online sales, which include sales from macys.com and bloomingdales.com, surged 44.6% in October 2012. On a year-to-date basis, online sales shot up 36.8% from the comparable period last year. The company remains on track to expand both Macy's and Bloomingdale's brands online.
Moreover, Macy's revealed total sales and same-store sales for the third quarter. The company's total sales grew 3.8% to $6.1 billion in the third-quarter 2012 from $5.9 billion in the prior-year period while comparable-store sales climbed 3.7%. Online sales during the quarter soared 40.4%.
Buoyed by the robust third-quarter sales, the company raised its guidance of comparable-store sales for the second half of fiscal 2012. Management now anticipates an increase of about 4% in comparable-store sales compared with its earlier guidance of 3.7%. This updated guidance for the second-half for comps reflects an increase of about 4.2% in the fourth quarter of fiscal 2012.
Despite secular headwinds, Macy's has been performing well in the current fiscal. The company has been taking a number of initiatives in order to bolster its sales, profitability and cash flows. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
Macy's, which competes with J. C. Penney Company Inc . ( JCP ), Dillard's Inc . ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The company is expected to release its third quarter financial results on Wednesday, November 7, 2012.
Currently, we have a long-term Neutral recommendation on the stock. However, Macy's holds a Zacks #3 Rank that translates into a short-term Hold rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Despite the damage caused by Hurricane Sandy, the company has raised its comps guidance for the second half of fiscal 2012 on the back of strong third-quarter sales along with anticipated positive response from the upcoming holiday season.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Year-to-date, Macy's sales augmented 3.7% to $18.3 billion compared with $17.7 billion in the same period last year, whereas comparable-store sales also witnessed a hike of 3.7%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Year-to-date, Macy's sales augmented 3.7% to $18.3 billion compared with $17.7 billion in the same period last year, whereas comparable-store sales also witnessed a hike of 3.7%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Macy's Inc .
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25763004-df23-4936-818a-29ce41f036a0
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720091.0
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2012-10-19 00:00:00 UTC
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Macy's Millennial Strategy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-millennial-strategy-analyst-blog-2012-10-19
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nan
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nan
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The holiday season is just around the corner, and retailers are gearing up to woo consumers during the busiest time of the year. With the economy still not completely out of the recessionary phase and consumer behavior still cautious, retailers are using tactical strategies to keep themselves on the growth trajectory. Macy's Inc.(M) is doing exactly the same, to keep up in the race of the 'Survival of the Fittest', as it unveils its "millennial strategy".
Macy's is all set to introduce 13 new brands and expand 11 brands that are part of its current portfolio. These brands will be showcased at mstylelab stores, targeting customers in the age bracket of 13 to 22, and Impulse departments, principally catering to consumers in the age group of 19 to 30. The company's "millennial strategy" aims at tapping the young demographics of America, who are trendier and fashion oriented, and by the end of 2013, Macy's expects to attain a complete makeover.
The new brands in the pipeline are Marilyn Monroe, MADE Fashion Week, Keds, Blossom & Clover, Truth or Dare, G-Star Raw, Ambiguous, Ezekiel Clothing, COMUNE, DTA, Fatal Clothing, Plan B and Argyleculture. The existing brands to be enhanced include RACHEL Rachel Roy, else, kensie, DV by Dolce Vita, Material Girl, American Rag, Inglot Cosmetics, Smashbox Cosmetics, Kipling, Steve Madden Handbags and Stussy.
Earlier, Macy's entered into a venture with the premium athletic shoes, apparel and accessories retailer, The Finish Line Inc. ( FINL ).Finish Line, which will become an exclusive athletic footwear partner of Macy's, will operate through the latter's 450 plus locations as leased departments against a licensing fee, with rollout commencing in Spring 2013 and to be finished by Fall 2014. Additionally, Finish Line would manage Macy's footwear collections and stock across 225 outlets starting in Spring 2013.
With store traffic expected to increase on the back of regained consumer confidence and the initiatives undertaken, Macy's is on a seasonal hiring spree. The Cincinnati-based company earlier hinted at deploying approximately 80,000 seasonal staff for its Macy's and Bloomingdale's outlets, call centers, distribution centers and online fulfillment centers, portraying a 2.5% rise from the last year, when the retailer appointed about 78,000 associates.
It seems that Macy's is efficiently doing its homework and intends to leave no stone unturned to have a greater share of the pie in the upcoming holiday season.
Currently, we have a long-term "Neutral" recommendation on the stock. However, Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), holds a Zacks #2 Rank that translates into a short-term "Buy" rating, and well defines its relentless endeavors to combat an economy that still lacks luster.
DILLARDS INC-A (DDS): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), holds a Zacks #2 Rank that translates into a short-term "Buy" rating, and well defines its relentless endeavors to combat an economy that still lacks luster. DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. The company's "millennial strategy" aims at tapping the young demographics of America, who are trendier and fashion oriented, and by the end of 2013, Macy's expects to attain a complete makeover.
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DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), holds a Zacks #2 Rank that translates into a short-term "Buy" rating, and well defines its relentless endeavors to combat an economy that still lacks luster. Earlier, Macy's entered into a venture with the premium athletic shoes, apparel and accessories retailer, The Finish Line Inc. ( FINL ).Finish Line, which will become an exclusive athletic footwear partner of Macy's, will operate through the latter's 450 plus locations as leased departments against a licensing fee, with rollout commencing in Spring 2013 and to be finished by Fall 2014.
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DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), holds a Zacks #2 Rank that translates into a short-term "Buy" rating, and well defines its relentless endeavors to combat an economy that still lacks luster. Earlier, Macy's entered into a venture with the premium athletic shoes, apparel and accessories retailer, The Finish Line Inc. ( FINL ).Finish Line, which will become an exclusive athletic footwear partner of Macy's, will operate through the latter's 450 plus locations as leased departments against a licensing fee, with rollout commencing in Spring 2013 and to be finished by Fall 2014.
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DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), holds a Zacks #2 Rank that translates into a short-term "Buy" rating, and well defines its relentless endeavors to combat an economy that still lacks luster. The holiday season is just around the corner, and retailers are gearing up to woo consumers during the busiest time of the year.
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e1d6e10d-4ab3-4429-9055-47e8fbde0d42
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720092.0
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2012-10-10 00:00:00 UTC
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Dillard's Remains Outperform - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-remains-outperform-analyst-blog-2012-10-10
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nan
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nan
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Our long-term 'Outperform' recommendation on the department store chain, Dillard's Inc. ( DDS ), remains intact as the company posted stronger-than-expected second quarter 2012 results and continues to focus on cost containment initiatives to boost profitability.
Dillard's posted sturdy second-quarter 2012 results with earnings jumping over two-folds to 63 cents per share, beating the Zacks Consensus Estimate of 49 cents per share. The company's improved results were backed by solid comparable-store sales performance and reduced input and operating costs, resulting from restructuring initiatives and inventory reduction efforts. Further, total revenue of the company escalated 3.3% year over year to 1,525.2 million and surpassed the Zacks Consensus Estimate of $1,466.0 million.
Of late, Dillard's continues to benefit from improvements in inventory management, focusing more on conservative purchasing and efforts to better match the timing of receipts with demand, which ultimately resulted in reduced markdowns.
Further, we believe Dillard's healthy balance sheet and adequate cash flows allow it to make shareholder-friendly moves, such as acquisitions, dividends and share repurchases. In an effort to further enhance its financial flexibility, the company has modified its old $1.0 billion senior secured revolving credit facility, scheduled to expire on December 12, 2012. The new credit facility will now have a maturity date of April 11, 2017, facilitating the company to borrow more funds at the same level of inventory pledged.
Moreover, we anticipate Dillard's wholly owned Captive Insurance Company and REIT, which has opened the avenues of debt and equity markets, will help it manage risks more efficiently while enhancing its liquidity position.
Headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The company's primary product categories are: women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's clothing. Its merchandise mix consists of both branded and private-label items. Dillard's currently operates 304 stores including 16 clearance centers and one Internet store across 29 states, all under the Dillard's brand name.
Although Dillard's is a large regional departmental store, the company's individual stores compete with numerous players at the national and local level. These competitors include specialty, off-price, discount, internet, and mail-order retailers. Dillard's, which competes with Kohl's Corporation ( KSS ) and Macy's Inc. ( M ), maintains a Zacks #3 Rank, which translates into a short-term 'Hold' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our long-term 'Outperform' recommendation on the department store chain, Dillard's Inc. ( DDS ), remains intact as the company posted stronger-than-expected second quarter 2012 results and continues to focus on cost containment initiatives to boost profitability. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Of late, Dillard's continues to benefit from improvements in inventory management, focusing more on conservative purchasing and efforts to better match the timing of receipts with demand, which ultimately resulted in reduced markdowns.
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Our long-term 'Outperform' recommendation on the department store chain, Dillard's Inc. ( DDS ), remains intact as the company posted stronger-than-expected second quarter 2012 results and continues to focus on cost containment initiatives to boost profitability. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Further, total revenue of the company escalated 3.3% year over year to 1,525.2 million and surpassed the Zacks Consensus Estimate of $1,466.0 million.
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Our long-term 'Outperform' recommendation on the department store chain, Dillard's Inc. ( DDS ), remains intact as the company posted stronger-than-expected second quarter 2012 results and continues to focus on cost containment initiatives to boost profitability. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's currently operates 304 stores including 16 clearance centers and one Internet store across 29 states, all under the Dillard's brand name.
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Our long-term 'Outperform' recommendation on the department store chain, Dillard's Inc. ( DDS ), remains intact as the company posted stronger-than-expected second quarter 2012 results and continues to focus on cost containment initiatives to boost profitability. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's posted sturdy second-quarter 2012 results with earnings jumping over two-folds to 63 cents per share, beating the Zacks Consensus Estimate of 49 cents per share.
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4eaf8c75-e174-4ec0-a2bd-ec3af61c06a7
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720093.0
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2012-10-05 00:00:00 UTC
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Macy's Sustains Sales Momentum - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-sustains-sales-momentum-analyst-blog-2012-10-05
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nan
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nan
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Macy's Inc . ( M ), one of the leading department store retailers in the U.S., posted healthy comparable-store sales for the five-week period ended September 29, 2012.
Comparable-store sales improved 2.5% year over year for the month of September, attributable to continued strength in its online business. Total sales increased 2.7% to $2.4 billion compared with $2.3 billion in the comparable prior-year period.
The company stated that the comparable store sales for August/September combined, marked an elevation of 3.6% year over year, reflecting strong back-to-school sales. Year-to-date, Macy's sales augmented 3.7% to $16.4 billion compared with $15.8 billion in the same period last year, while, same-store sales increased 3.6%.
Online sales, which include sales from macys.com and bloomingdales.com, surged 39% in September 2012. On a year-to-date basis, online sales shot up 35.8% from the comparable period last year. The company remains on track to expand both Macy's and Bloomingdale's brands online.
Despite secular headwinds, Macy's has been performing well in the current fiscal. The company has been taking a number of initiatives in order to bolster its sales, profitability and cash flows. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
Macy's, which competes with J. C. Penney Company Inc . ( JCP ), Dillard's Inc . ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term 'Neutral' recommendation on the stock. However, Macy's holds a Zacks #2 Rank that translates into a short-term 'Buy' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Comparable-store sales improved 2.5% year over year for the month of September, attributable to continued strength in its online business.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The company stated that the comparable store sales for August/September combined, marked an elevation of 3.6% year over year, reflecting strong back-to-school sales.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc .
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54574c43-ac11-4e24-8ac3-0a8b4f23305b
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720094.0
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2012-10-01 00:00:00 UTC
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Macy's Ventures with Finish Line - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-ventures-with-finish-line-analyst-blog-2012-10-01
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nan
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nan
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Amidst an uneven economic recovery and cautious consumer behavior, retailers are leaving no stone unturned to keep themselves on the growth trajectory, and Macy's Inc. ( M ) is just doing exactly the same, to keep up in the race of the "Survival of the Fittest." This is evident from its recently announced venture with the premium athletic shoes, apparel and accessories retailer, The Finish Line Inc. ( FINL ).
Finish Line, which will become an exclusive athletic footwear partner of Macy's, will operate through the latter's 450 plus locations as leased departments against a licensing fee, with rollout commencing in Spring 2013 and to be finished by Fall 2014. Additionally, Finish Line would manage Macy's footwear collections and stock across 225 outlets starting in Spring 2013.
The deal seems to be profitable for both the parties. The addition of branded Finish Line products in the kitty will assist Macy's in becoming a favorite destination for exclusive footwear collections, apart from its apparel, cosmetics and home furnishings offerings. This would help it to attract traffic both in stores and online.
On the other hand, Macy's presence will facilitate Finish Line to tap under penetrated markets and enhance its customer base. The deal is expected to augment Finish Line's top line by $250 million to $350 million annually in the long run. Currently, Finish Line operates 638 stores in malls.
The store-within-store concept is not new. J. C. Penney Company Inc. ( JCP ) operates in-store Sephora departments, and has also incorporated stores of MNG by Mango and Call It Spring by The ALDO Group in its store suite.
Closing Comment
Macy's departmental stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
However, the company's customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels and high household debt levels, which may negatively impact their discretionary spending, and in turn the company's growth and profitability.
Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term Neutral recommendation on the stock. However, Macy's holds a Zacks #2 Rank that translates into a short-term Buy rating, and well defines its relentless endeavors to combat an economy that still lacks luster.
DILLARDS INC-A (DDS): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Amidst an uneven economic recovery and cautious consumer behavior, retailers are leaving no stone unturned to keep themselves on the growth trajectory, and Macy's Inc. ( M ) is just doing exactly the same, to keep up in the race of the "Survival of the Fittest."
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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, Finish Line would manage Macy's footwear collections and stock across 225 outlets starting in Spring 2013.
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DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Finish Line, which will become an exclusive athletic footwear partner of Macy's, will operate through the latter's 450 plus locations as leased departments against a licensing fee, with rollout commencing in Spring 2013 and to be finished by Fall 2014.
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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Finish Line, which will become an exclusive athletic footwear partner of Macy's, will operate through the latter's 450 plus locations as leased departments against a licensing fee, with rollout commencing in Spring 2013 and to be finished by Fall 2014.
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fa0883d8-c45a-4ad7-98cf-b88f78e293df
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720095.0
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2012-09-27 00:00:00 UTC
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American Eagle Outfitters: Strong Buy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/american-eagle-outfitters%3A-strong-buy-analyst-blog-2012-09-27
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nan
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nan
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Rising earnings estimates on the back of strong second quarter results - including an average earnings surprise of 2.9% over the last four quarters - helped American Eagle Outfitters ( AEO ) achieve a Zacks #1 Rank (Strong Buy) on September 4, 2012. Moreover, this Pennsylvania-based fashion retailer has a solid year-to-date return of 32.3%, and with several positive catalysts, the stock looks poised to keep the winning streak going.
The Rank Driver
Robust second-quarter 2012 results, improved 2012 guidance, impressive track record of paying regular dividends, and strategies to grow internationally, are the primary rank drivers for this stock.
On August 22, 2012, American Eagle reported robust second-quarter 2012 financial results, driven by strong top-line growth coupled with lower input and operating costs. Quarterly earnings of 21 cents per share for second-quarter 2012 surged nearly 62% from the comparable year-ago period, and came in line with the Zacks Consensus Estimate. In the quarter, American Eagle's adjusted net sales went up 11% year over year to $739.7 million, beating the Zacks Consensus Estimate of $738 million.
Bolstered by a strong quarterly performance, management raised its fiscal 2012 earnings guidance range to $1.33-$1.36 per share from $1.16-$1.22 forecasted earlier. The improved guidance range is based on the company's expectation of mid-single-digit and low-sing digit growth in comparable store sales for the third and fourth quarter of fiscal 2012.
Recently, on September 12, 2012, American Eagle announced a special cash dividend of $1.50 per share along with its regular quarterly cash dividend of 11 cents per share. The company boasts of a long track record of consistently paying quarterly dividend for more than 8 years. The announcement of special cash dividend was primarily aided by the company's strong balance sheet position and ability to generate excessive free cash flow.
Moreover, American Eagle continue to gain pace as it takes another step forward towards growing internationally. After making its presence felt in Israel, Japan and the Middle East, the company targets to capture the strong and promising Philippines market. On September 6, 2012, the company entered into a multi-year retail license agreement with the Philippines based Suyen Corporation.
All the above discussed points demonstrate the company's strong fundamentals and its ability to keep up with the momentum. As a result, this stock offers several reasons to own it.
Earnings Estimate Revisions
For fiscal 2012, the Zacks Consensus Estimate went up by 10.6% to $1.36 per share from $1.23 over the last 60 days. For fiscal 2013, the Zacks Consensus Estimates improved 7% to $1.52 per share from $1.42 over the same time frame.
Valuation
American Eagle currently trades at a forward P/E of 15.28x, a 11.2% premium to the peer group average of 13.74x. Also, on a price-to-book basis, the shares are trading at 2.76x, a 19.0% premium to the peer group average of 2.32x. Given the company's strong fundamentals, the premium valuation is justified.
American Eagle has a trailing 12-month Return on Investment (ROI) of 14.2% compared with the peer group average of 14.1%.
About the Company
Based in Pittsburgh, Pennsylvania, American Eagle Outfitters Inc. is a specialty retailer of casual apparel, accessories, and footwear for men and women between the age group of 15 and 25. The company's assortment includes jeans, cargo pants, and graphic T-shirts, as well as accessories, outerwear, and footwear. American Eagle has a market capitalization of about $4.09 billion.
Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ).
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. On August 22, 2012, American Eagle reported robust second-quarter 2012 financial results, driven by strong top-line growth coupled with lower input and operating costs.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. The Rank Driver Robust second-quarter 2012 results, improved 2012 guidance, impressive track record of paying regular dividends, and strategies to grow internationally, are the primary rank drivers for this stock.
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AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). Rising earnings estimates on the back of strong second quarter results - including an average earnings surprise of 2.9% over the last four quarters - helped American Eagle Outfitters ( AEO ) achieve a Zacks #1 Rank (Strong Buy) on September 4, 2012.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). AMER EAGLE OUTF (AEO): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. The Rank Driver Robust second-quarter 2012 results, improved 2012 guidance, impressive track record of paying regular dividends, and strategies to grow internationally, are the primary rank drivers for this stock.
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7fdafb30-cc8b-4dea-a23a-f13b1569b0df
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720096.0
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2012-09-26 00:00:00 UTC
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G III Apparel Group Inc.: Strong Buy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/g-iii-apparel-group-inc.%3A-strong-buy-analyst-blog-2012-09-26
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nan
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nan
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Rising earnings estimates on the back of strong second quarter results - including an 85.7% earnings surprise - helped G III Apparel Group Inc. ( GIII ) achieve a Zacks #1 Rank (Strong Buy) on September 11, 2012. This apparel manufacturer has delivered positive earnings surprises in two of the last four quarters, and met the estimates in one, with an average beat of 24.3%.
With a solid year-to-date return of 44.5% and a history of beating quarterly earnings estimates, this stock offers an attractive investment opportunity.
The Rank Driver
Better-than-expected second quarter earnings of fiscal 2013, robust sales growth year-to-date, acquisition of the leading luxury resort brand, Vilebrequin, and a raised fiscal 2013 outlook - are the primary rank drivers for this stock.
G III Apparel reported its second quarter 2013 results on September 5, 2012, with earnings per share of 13 cents, beating the Zacks Consensus Estimate of 7 cents by 85.7% and year-ago earnings of 9 cents by 44.4%. Additionally, the quarterly earnings per share came ahead of the company's guided range of 4 cents to 8 cents.
Net sales surged 16.5% and 9.4% year over year to $229.4 million and $251.5 million, in the first and second quarter of fiscal 2013, respectively. The increase in net sales is driven by significant comps growth of 6.3% and 12.7% in first and second quarter of 2013 in dresses, sportswear, suits, handbags, team sports and specialty retail operations.
On August 7, 2012, GIII Apparel acquired a leading luxury resort brand, Vilebrequin at a consideration of about $106.2 million. Management believes that this merger will prove to be accretive to the company's top line as the brand operates a high operating margin business.
Based on strong second quarter results, the company raised its outlook for fiscal 2013. G-III now anticipates earnings per share between $2.68 and $2.78, up from the previously forecasted range of $2.62 to $2.72. Net sales are now expected to be $1.41 billion, versus the earlier projection of $1.35 billion. On an adjusted basis, the company expects earnings per share in the range of $2.74 - $2.84.
Earnings Estimate Revisions
The Zacks Consensus Estimate for fiscal 2013 increased 4.4% to $2.83 per share based on 5 out of 5 upward estimate revisions over the last 30 days. The current estimate implies a year-over-year growth of 14.9%.
For fiscal 2014, 5 out of 6 estimates were revised higher over the same time frame, lifting the Zacks Consensus Estimate by 4.5% to $3.22 per share.
Valuation
G-III Apparel currently trades at a forward P/E of 12.68x, reflecting a 31.3% discount to the peer group average of 18.45x. On a price-to-book basis, shares trade with a 12.1% discount at 1.97x. The company's compelling fundamentals are well supported by its long-term estimated EPS growth rate of 20.0% versus 13.7% for the peer group.
The company has a trailing 12-month ROE of 14.0%, above the peer group average of 11.8%. This implies that the company reinvests its earnings more efficiently than its peer group.
About the Company
Based in New York, G-III Apparel Group is a leading designer and distributor of women's and men's apparel in the United States. The company deals in outerwear, dresses, sportswear, swimwear, beachwear and women's suits, as well as handbags and luggage. The company has a market capitalization of about $717.9 million.
Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ).
DILLARDS INC-A (DDS): Free Stock Analysis Report
G-III APPAREL (GIII): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. With a solid year-to-date return of 44.5% and a history of beating quarterly earnings estimates, this stock offers an attractive investment opportunity.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. The Rank Driver Better-than-expected second quarter earnings of fiscal 2013, robust sales growth year-to-date, acquisition of the leading luxury resort brand, Vilebrequin, and a raised fiscal 2013 outlook - are the primary rank drivers for this stock.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. Rising earnings estimates on the back of strong second quarter results - including an 85.7% earnings surprise - helped G III Apparel Group Inc. ( GIII ) achieve a Zacks #1 Rank (Strong Buy) on September 11, 2012.
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Other Zacks #1 Rank retail stocks include Hain Celestial Group Inc. ( HAIN ) and Dillards Inc. ( DDS ). DILLARDS INC-A (DDS): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report To read this article on Zacks.com click here. G III Apparel reported its second quarter 2013 results on September 5, 2012, with earnings per share of 13 cents, beating the Zacks Consensus Estimate of 7 cents by 85.7% and year-ago earnings of 9 cents by 44.4%.
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2782db23-8110-4361-b475-d20b216e2100
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720097.0
|
2012-09-19 00:00:00 UTC
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Lululemon Athletica: A Strong Buy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/lululemon-athletica%3A-a-strong-buy-analyst-blog-2012-09-19
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nan
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nan
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Rising earnings estimates on the back of strong second quarter results, including a 16.1% earnings surprise, helped Lululemon Athletica Inc. ( LULU ) achieve a Zacks #1 Rank (Strong Buy) on September 12, 2012. Moreover, this retailer of yoga-inspired athletic apparel and accessories has continued its impressive trend of positive EPS surprises that stretches back several years.
Moreover, with a strong year-to-date return of 59.5%, robust results and a history of beating quarterly earnings estimates, this stock offers an attractive investment opportunity.
The Rank Driver
Solid second-quarter 2012 results, robust same store sales growth year to date, upraised forward outlook for fiscal 2012, and debt free and strong balance sheet - are the primary rank drivers for this stock.
Lululemon reported second-quarter 2012 earnings of 34 cents, which surged 30.8% from the comparable prior-year quarter, surpassing the Zacks Consensus Estimate of 31 cents, on the back of robust top-line growth, significant comparable-store sales increases and lower tax. Quarterly revenue of $282.6 million registered a 33% increase from $212.3 million in the year-ago quarter. Moreover, quarterly revenue was almost in line the Zacks Consensus Estimate of $283 million.
A 33% improvement in top line was aided by a 15% rise in same store sales in the second-quarter 2012, where as in the first quarter comps surged 25% driving a strong growth of 53% in the top line. Including the contributions from the e-commerce business, comps rose 23% in the second-quarter 2012.
Based on the strong second-quarter results, Lululemon raised its outlook for fiscal 2012 and expects total revenue in the range of $1.345-$1.360 billion, compared to its earlier guidance range of $1.32-$1.34 billion. Moreover, the company now forecasts an earnings range of $1.76 -$1.81 per share for fiscal 2012, whereas earlier it anticipated earnings to be in the range of $1.55-$1.60 per share.
Lululemon boasts a debt-free balance sheet, with cash and cash equivalents of $444.3 million at the end of the second-quarter 2012, exhibiting an improvement of 67.9% from the end of the second quarter of 2011.
Earnings Estimate Revisions
The Zacks Consensus Estimate for fiscal 2012 increased 10.5% to $1.79 per share based on 14 out of 14 upward estimate revisions over the last 30 days. The current estimate implies year-over-year growth of 40.9%.
For 2013, all 18 estimates were revised higher over the same time frame, lifting the Zacks Consensus Estimate by 8.7% to $2.24 per share.
Valuation
Lululemon currently trades at a forward P/E of 41.91x, at a premium of 131.7% compared with the peer group average of 18.09x. The trailing 12-month ROE is 33.4%, significantly higher than the peer group average of 16.1%, indicating that the company reinvests its earnings more efficiently than its peer group. Moreover, the price-to-sales ratio reflects a premium of 903.3% to the peer group, with shares trading at a multiple of 9.23.
We believe the company's premium is also warranted, given a long-term earnings growth rate of 29.0%, compared with the industry average of 14.8%.
About the Company
Founded in 1998 and based in Vancouver, Canada, Lululemon Athletica is a yoga-inspired apparel company engaged in designing, manufacturing and distributing athletic apparel for women and men. The company offers a line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits, such as yoga, dance, running, and general fitness under the Lululemon Athletica brand name. Currently, the company has a market capitalization of $10.8 billion.
Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ), and Hain Celestial Group Inc. ( HAIN ).
DILLARDS INC-A (DDS): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
LULULEMON ATHLT (LULU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ), and Hain Celestial Group Inc. ( HAIN ). DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, this retailer of yoga-inspired athletic apparel and accessories has continued its impressive trend of positive EPS surprises that stretches back several years.
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DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report To read this article on Zacks.com click here. Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ), and Hain Celestial Group Inc. ( HAIN ). Rising earnings estimates on the back of strong second quarter results, including a 16.1% earnings surprise, helped Lululemon Athletica Inc. ( LULU ) achieve a Zacks #1 Rank (Strong Buy) on September 12, 2012.
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Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ), and Hain Celestial Group Inc. ( HAIN ). DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report To read this article on Zacks.com click here. Rising earnings estimates on the back of strong second quarter results, including a 16.1% earnings surprise, helped Lululemon Athletica Inc. ( LULU ) achieve a Zacks #1 Rank (Strong Buy) on September 12, 2012.
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Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ), and Hain Celestial Group Inc. ( HAIN ). DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report To read this article on Zacks.com click here. Rising earnings estimates on the back of strong second quarter results, including a 16.1% earnings surprise, helped Lululemon Athletica Inc. ( LULU ) achieve a Zacks #1 Rank (Strong Buy) on September 12, 2012.
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99ea5147-f482-4966-9756-2d2a97eaccbc
|
720098.0
|
2012-09-17 00:00:00 UTC
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Dillard's: A Strong Buy - Analyst Blog
|
DDS
|
https://www.nasdaq.com/articles/dillards%3A-a-strong-buy-analyst-blog-2012-09-17
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nan
|
nan
|
Shares of Dillard's Inc . ( DDS ) has been attaining new 52-week highs since posting solid second quarter 2012 results on August 8 that included an earnings surprise of 28.6%.
Since its second quarter report last month, shares of this Zacks #1 Rank (Strong Buy) company have escalated 12.5% to hit another 52-week high on September 14. Moreover, with a robust stock growth (year-to-date return of 79.6%), strong results and a history of beating quarterly earnings estimates, this stock offers an attractive investment opportunity.
The Rank Driver
Better-than-expected second quarter earnings, healthy comparable-store sales, effective cost management and shareholder friendly moves - are the primary rank drivers for this stock.
Dillard's, which competes with Kohl's Corporation ( KSS ) and Macy's Inc . ( M ), posted second-quarter 2012 earnings of 63 cents, significantly outpacing the Zacks Consensus Estimate of 49 cents and more than doubling from the prior-year quarter earnings of 30 cents.
Dillard's top line (including CDI Contractors LLC or CDI) jumped 3.2% to $1,487.9 million from $1,441.7 million in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1,456 million, compared with $1,426 million. The company's total revenue (including other income) of $1,525.2 million surpassed the Zacks Consensus Estimate of $1,466 million.
The robust performance was backed by healthy comparable-store sales growth and improved margins. Management's cost cutting initiatives, including restructuring and inventory management, is facilitating it to abridge costs and boost profitability.
The company benefits from its improvements in inventory management, which is focused on conservative purchasing and efficiently matching the timing of receipts with demand, which ultimately results in reduced markdowns.
Further, Dillard's healthy balance sheet and adequate cash flows allow it to enhance shareholders value through share repurchases. During the recently concluded quarter, the company bought back nearly 2.1 million shares worth $134.6 million and had authorization worth almost $115.4 million remaining under its share repurchase program.
Earnings EstimatesRevisions
The company's estimates for both fiscal 2012 and 2013 each, witnessed a surge of 25 cents in the last 60 days. The Zacks Consensus Estimate for fiscal 2012 added about 4.3% to $6.00 per share in the past 2 months, reflecting a year-over-year growth of 42.5%. The Zacks Consensus Estimate for fiscal 2013 is up 4.0% to $6.50 per share over the same period, representing an 8.3% year-over-year jump.
Valuation
Dillard's currently trades at a forward P/E of 13.2x, at par with the peer group average. The trailing 12-month ROE is 13.1%, significantly higher than the peer group average of 9.4%, indicating that the company reinvests its earnings more efficiently than its peer group. Moreover, the price-to-sales ratio reflects a discount of 1.7% to the peer group, with shares trading at a multiple of 0.58.
About the Company
Headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The company's primary product categories are: women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's clothing. Its merchandise mix consists of both branded and private-label items. At the end of the second quarter, Dillard's operated 304 stores including 16 clearance centers and one Internet store across 29 states, all under the Dillard's brand name. The company was founded in 1938.
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DDS ) has been attaining new 52-week highs since posting solid second quarter 2012 results on August 8 that included an earnings surprise of 28.6%. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Since its second quarter report last month, shares of this Zacks #1 Rank (Strong Buy) company have escalated 12.5% to hit another 52-week high on September 14.
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DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) has been attaining new 52-week highs since posting solid second quarter 2012 results on August 8 that included an earnings surprise of 28.6%. The Rank Driver Better-than-expected second quarter earnings, healthy comparable-store sales, effective cost management and shareholder friendly moves - are the primary rank drivers for this stock.
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DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) has been attaining new 52-week highs since posting solid second quarter 2012 results on August 8 that included an earnings surprise of 28.6%. The company's total revenue (including other income) of $1,525.2 million surpassed the Zacks Consensus Estimate of $1,466 million.
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( DDS ) has been attaining new 52-week highs since posting solid second quarter 2012 results on August 8 that included an earnings surprise of 28.6%. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc .
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389727d9-5473-47da-901f-ce1fc17a97af
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720099.0
|
2012-09-11 00:00:00 UTC
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Stocks with Increasing Sales and Profit Margins - Screen of the Week
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DDS
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https://www.nasdaq.com/articles/stocks-increasing-sales-and-profit-margins-screen-week-2012-09-11
|
nan
|
nan
|
This week I want to focus on Sales Growth and Profit Margins.
While everybody understands sales, margins might bring up a few question marks.
So let's start at the beginning: first and foremost, sales are THE most important thing to a company. Everything else stems from that. Without sales, there really wouldn't be anything else to analyze. And Sales Growth numbers show you how that company is growing.
However, just because sales are increasing doesn't always mean that profits are increasing too. Sales at the expense of profits does not work. So paying attention to Profit Margins is the next thing we're going to want to look at.
Margin is simply a ratio and the calculation is:
Net Income divided by Sales
So if a company's margin is 15% for instance, that means its net income is 15 cents for every $1 dollar of sales it makes.
But if a company's expenses are growing faster than their sales, this will reduce their margins.
In general, a company with increasing margins is becoming more profitable and is better managed, i.e., their costs are under control.
So continue to look at their sales numbers. And of course, look at their earnings too. But take a look at their profit margins as well. Are they going up or down? In other words, are they making more money on each dollar of sales they make, or less? This is important stuff to know, and can make a huge difference in your portfolio's bottom line.
Parameters for this week's screen:
12 Month Trailing Sales Growth (Current / 1 Quarter Ago) greater than their relevant Industry median (Looking for the top companies in their industries.)
Current Net Margin greater than or equal to 5 Yr. Avg. Net Margin (Steady to increasing Net Profits is what we're after.)
Current Net Margin greater than or equal to Net Margin from 1 Quarter Ago (If a company's profit margin fell last quarter, there's a chance it might fall yet again. So we're excluding those companies whose margins fell in the previous quarter.)
Zacks Rank equal to 1 (Strong Buy)
(Only the top Zacks Ranked stocks can get thru.)
Here are 5 stocks that passed this screen this week:
CAMP CalAmp Corporation
DDS Dillard's, Inc.
PNRA Panera Bread Company
PNFP Pinnacle Financial Partners, Inc.
RGR Sturm, Ruger & Company, Inc.
Sign up now for your 2 week free trial to the Research Wizard and start adding these values to your own screening strategies. Or start following this screen's winning picks in your own portfolio. Don't wait.
Learn how today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance .
CALAMP CORP (CAMP): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
PINNACLE FIN PT (PNFP): Free Stock Analysis Report
PANERA BREAD CO (PNRA): Free Stock Analysis Report
STURM RUGER&CO (RGR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks that passed this screen this week: CAMP CalAmp Corporation DDS Dillard's, Inc. PNRA Panera Bread Company PNFP Pinnacle Financial Partners, Inc. RGR Sturm, Ruger & Company, Inc. Sign up now for your 2 week free trial to the Research Wizard and start adding these values to your own screening strategies. CALAMP CORP (CAMP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report STURM RUGER&CO (RGR): Free Stock Analysis Report To read this article on Zacks.com click here. In general, a company with increasing margins is becoming more profitable and is better managed, i.e., their costs are under control.
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Here are 5 stocks that passed this screen this week: CAMP CalAmp Corporation DDS Dillard's, Inc. PNRA Panera Bread Company PNFP Pinnacle Financial Partners, Inc. RGR Sturm, Ruger & Company, Inc. Sign up now for your 2 week free trial to the Research Wizard and start adding these values to your own screening strategies. CALAMP CORP (CAMP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report STURM RUGER&CO (RGR): Free Stock Analysis Report To read this article on Zacks.com click here. Current Net Margin greater than or equal to Net Margin from 1 Quarter Ago (If a company's profit margin fell last quarter, there's a chance it might fall yet again.
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CALAMP CORP (CAMP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report STURM RUGER&CO (RGR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks that passed this screen this week: CAMP CalAmp Corporation DDS Dillard's, Inc. PNRA Panera Bread Company PNFP Pinnacle Financial Partners, Inc. RGR Sturm, Ruger & Company, Inc. Sign up now for your 2 week free trial to the Research Wizard and start adding these values to your own screening strategies. Margin is simply a ratio and the calculation is: Net Income divided by Sales So if a company's margin is 15% for instance, that means its net income is 15 cents for every $1 dollar of sales it makes.
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Here are 5 stocks that passed this screen this week: CAMP CalAmp Corporation DDS Dillard's, Inc. PNRA Panera Bread Company PNFP Pinnacle Financial Partners, Inc. RGR Sturm, Ruger & Company, Inc. Sign up now for your 2 week free trial to the Research Wizard and start adding these values to your own screening strategies. CALAMP CORP (CAMP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report PANERA BREAD CO (PNRA): Free Stock Analysis Report STURM RUGER&CO (RGR): Free Stock Analysis Report To read this article on Zacks.com click here. However, just because sales are increasing doesn't always mean that profits are increasing too.
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1fcabd03-2149-4681-aa9f-f5b48510ba06
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