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DDS Dillard`s

Dillard's, Inc., is an upscale American department store chain with approximately 282 stores in 29 states and headquartered in Little Rock, Arkansas. Currently, the largest number of stores are located in Texas with 57 and Florida with 42.

Company profile

Ticker
DDS, DDT
Exchange
CEO
William Dillard
Employees
Incorporated
Location
Fiscal year end
Former names
DILLARD DEPARTMENT STORES INC, DILLARDS INC
SEC CIK
IRS number
710388071

DDS stock data

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Calendar

9 Jun 21
28 Jul 21
1 Feb 22
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Dillard`s earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jun 21 Dillard William T Ii Common Class A Grant Aquire A No No 184.23 56 10.32K 928,528
28 Jun 21 Alex Dillard Common Class A Grant Aquire A No No 184.23 56 10.32K 1,009,578
28 Jun 21 Dillard Mike Common Class A Grant Aquire A No No 184.23 40 7.37K 489,119
28 Jun 21 Matheny Drue Common Class A Grant Aquire A No No 184.23 40 7.37K 407,890
28 Jun 21 Dillard Deborah Common Class A Grant Aquire A No No 184.23 11 2.03K 133,490

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

76.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 148 135 +9.6%
Opened positions 44 21 +109.5%
Closed positions 31 26 +19.2%
Increased positions 37 24 +54.2%
Reduced positions 49 61 -19.7%
13F shares
Current Prev Q Change
Total value 2.06B 1.44B +43.0%
Total shares 13.12M 14.93M -12.1%
Total puts 415.9K 808.6K -48.6%
Total calls 511.7K 449K +14.0%
Total put/call ratio 0.8 1.8 -54.9%
Largest owners
Shares Value Change
Newport Trust 6.69M $645.96M -8.5%
Dimensional Fund Advisors 1.32M $127.15M -0.8%
BLK Blackrock 671.48K $64.84M +24.4%
Vanguard 646.07K $62.39M +36.7%
Charles Schwab Investment Management 311.32K $30.07M -4.5%
JPM JPMorgan Chase & Co. 295.32K $28.52M -3.4%
Parametric Portfolio Associates 275.41K $26.6M +17.5%
BK Bank Of New York Mellon 252.57K $24.39M +77.2%
STT State Street 237.48K $22.97M +33.9%
Jacobs Levy Equity Management 165.87K $16.02M +982.1%
Largest transactions
Shares Bought/sold Change
LSV Asset Management 0 -939.79K EXIT
Newport Trust 6.69M -619.9K -8.5%
MS Morgan Stanley 69.18K -416.65K -85.8%
Greenlight Capital 0 -230.13K EXIT
Vanguard 646.07K +173.28K +36.7%
Jacobs Levy Equity Management 165.87K +150.54K +982.1%
BLK Blackrock 671.48K +131.58K +24.4%
Formula Growth 127.94K +127.94K NEW
Contrarius Investment Management 0 -120.28K EXIT
Sculptor Capital 0 -115.4K EXIT

Financial report summary

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Competition
Buckle
Risks
  • The COVID-19 pandemic and its effects on public health, our supply chain, the health and well-being of our employees and customers, and the retail industry in general, has had, and could continue to have, a material adverse effect on our business, financial condition and results of operations.
  • The retail merchandise business is highly competitive, and that competition could lower our revenues, margins and market share.
  • Our business is seasonal, and fluctuations in our revenues during the last quarter of our fiscal year can have a disproportionate effect on our results of operations.
  • A shutdown of, or disruption in, any of the Company's distribution or fulfillment centers would have an adverse effect on the Company's business and operations.
  • Current store locations may become less desirable, and desirable new locations may not be available for a reasonable price, if at all, either of which could adversely affect our results of operations.
  • Ownership and leasing of significant amounts of real estate exposes us to possible liabilities and losses.
  • Variations in the amount of vendor allowances received could adversely impact our operating results.
  • A decrease in cash flows from our operations and constraints to accessing other financing sources could limit our ability to fund our operations, capital projects, interest and debt repayments, stock repurchases and dividends.
  • Our profitability may be adversely impacted by weather conditions.
  • Natural disasters, war, acts of violence, acts of terrorism, other armed conflicts, and public health issues may adversely impact our business.
  • Changes in economic, financial and political conditions, and the resulting impact on consumer confidence and consumer spending, could have an adverse effect on our business and results of operations.
  • Our business is dependent upon our ability to accurately predict rapidly changing fashion trends, customer preferences and other fashion-related factors.
  • Our failure to protect our reputation could have an adverse effect on our business.
  • Risks associated with our private label merchandise program could adversely affect our business.
  • Fluctuations in the price of merchandise, raw materials, fuel and labor or their reduced availability could increase our cost of goods and negatively impact our financial results.
  • Third party suppliers on whom we rely to obtain materials and provide production facilities and other third parties with whom we do business may experience financial difficulties due to current and future economic conditions, which may subject them to insolvency risk or may result in their inability or unwillingness to perform the obligations they owe us.
  • The Company and third-party suppliers on whom we rely source a significant portion of the merchandise we sell from foreign countries, which exposes us to certain risks that include political and economic conditions and supply chain disruptions.
  • Failure by third party suppliers to comply with our supplier compliance programs or applicable laws could have a material adverse effect on our business.
  • Reductions in the income and cash flow from our long-term marketing and servicing alliance related to the private label credit cards could impact operating results and cash flows.
  • We are subject to customer payment-related risks that could increase our operating costs, expose us to fraud or theft, subject us to potential liability and potentially disrupt our business operations.
  • A privacy breach could adversely affect our business, reputation and financial condition.
  • Our operations are dependent on information technology systems, and disruptions in those systems could have an adverse impact on our results of operations.
  • Litigation with customers, employees and others could harm our reputation and impact operating results.
  • The cost-to-cost method of accounting that we use to recognize contract revenues for our construction segment may result in material adjustments, which could result in a credit or a charge against our earnings.
  • The Company depends on its ability to attract and retain quality employees, and failure to do so could adversely affect our ability to execute our business strategy and our operating results.
  • Increases in employee wages and the cost of employee benefits could impact the Company’s financial results and cash flows.
Management Discussion
  • In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to impact the United States and global economies. The COVID-19 pandemic has had and may continue to have a significant impact on the Company's business and results of operations. The Company began closing stores on March 19, 2020 as mandated by state and local governments, and by April 9, 2020, all brick-and-mortar store locations were temporarily closed to the public. Our eCommerce capabilities allowed us to use our closed store locations (with limited staffing) to fill orders from our Internet store.
  • During the month ended May 30, 2020 (fiscal May), we re-opened most of our full-line stores, and by June 2, 2020, all Dillard’s store locations had been re-opened using the Centers for Disease Control and Prevention ("CDC") guidelines to promote a safe environment for our customers and employees. Following our re-opening, a very small number of our locations were temporarily closed again to in-store shopping due to government mandate. Other local mandates throughout the country require occupancy limits with which we are required to comply. We continue to monitor additional local government orders that may affect our operations. All stores are currently open and operating at reduced hours.
  • During fiscal 2020, total retail sales decreased approximately 31%. The Company reported no comparable store sales data for the fiscal year due to the temporary COVID-19-related closures of its brick-and-mortar stores during the first and second quarters as well as the interdependence between in-store and online sales. Consolidated gross margin for fiscal 2020 decreased 308 basis points of sales compared to fiscal 2019. Retail gross margin decreased 319 basis points of sales to 29.4% during fiscal 2020 compared to 32.6% during fiscal 2019, primarily due to increased markdowns. The Company was able to reduce inventory by approximately 26% compared to the prior year end, primarily by reducing purchases approximately 37%.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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