DDS Dillard`s

Dillard's, Inc., is an 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. The company also has stores in 27 more states; however, it is absent from the Northeast , most of the Upper Midwest , the Northwest, and most of California, aside from three stores in smaller cities. Dillard's is the outgrowth of a department store founded in 1938 by William T. Dillard; its corporate headquarters remain located at the eastern edge of Little Rock's Riverdale area and many of its executives and directors are members of the Dillard family. The family still controls the company through its ownership of Class B Common Stock; the Class A common stock is publicly traded on the New York Stock Exchange. Dillard began his first store in Mineral Springs, Arkansas, in what was locally known as "the tater house". It was located across the street from the community's Methodist church. The building that housed the original store was torn down in the early 2000s. Dillard sold the original five and dime store in Nashville, Arkansas, to develop a department store in Texarkana, Arkansas, initially as the minority partner in Wooten & Dillard. In 1956, Dillard led an investment group that acquired the Mayer & Schmidt store in Tyler, Texas. This store eventually took on the name "Dillard's Mayer & Schmidt" until 1974, when it was replaced with a mall-based location south of downtown Tyler.
Company profile
Ticker
DDS
Exchange
Website
CEO
William Dillard
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DILLARD DEPARTMENT STORES INC, DILLARDS INC
SEC CIK
Corporate docs
IRS number
710388071
DDS stock data
()
News
4 Easter-Themed Stocks For Your Portfolio
1 Apr 21
Deutsche Bank Maintains Hold on Dillard's, Raises Price Target to $80
23 Feb 21
Dillard's Q4 EPS $3.05 Up From $2.40 YoY, Sales $1.57B Down From $1.92B YoY
22 Feb 21
Q4 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios
17 Feb 21
Top 30 High Short Interest Stocks As Of Tuesday, Feb. 9, 2021 (Via HighShortInterest.com)
9 Feb 21
Press releases
Dillard's, Inc. Announces $0.15 Cash Dividend
26 Feb 21
Dillard's to Launch Born on Fifth for Antonio Melani
25 Feb 21
Dillard's, Inc. Reports Fourth Quarter and Fiscal Year Results
22 Feb 21
Dillard's, Inc. to Report Fourth Quarter Results and Fiscal Year Results
22 Feb 21
New LDT Brand Launches Exclusively with Dillard's
1 Feb 21
Calendar
29 Mar 21
17 Apr 21
1 Feb 22
Financial summary
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Financial data from Dillard`s earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 360.34M | 360.34M | 360.34M | 360.34M | 360.34M | 360.34M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 12.78M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | n/a | 33.26M | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 327.08M | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 25.6 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Mar 21 | Watts J C JR | Common Class A | Sell | Dispose S | No | No | 91.38 | 500 | 45.69K | 12,100 |
2 Mar 21 | Johnson Chris B. | Common Class A | Sell | Dispose S | No | No | 89.17 | 500 | 44.59K | 8,208 |
1 Mar 21 | Stephens Warren A | Common Stock | Gift | Dispose G | Yes | No | 0 | 45,783 | 0 | 75,753 |
26 Feb 21 | Freeman James I | Common Class A | Gift | Dispose G | No | No | 0 | 1,800 | 0 | 147,264 |
25 Feb 21 | Dillard William T. III | Common Class A | Sell | Dispose S | Yes | No | 79.48 | 4,400 | 349.71K | 15,080 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
83.5% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 135 |
Opened positions | 21 |
Closed positions | 26 |
Increased positions | 24 |
Reduced positions | 61 |
13F shares |
Current |
---|---|
Total value | 1.44B |
Total shares | 14.93M |
Total puts | 808.6K |
Total calls | 449K |
Total put/call ratio | 1.8 |
Largest owners |
Shares | Value |
---|---|---|
Newport Trust | 7.31M | $460.83M |
Dimensional Fund Advisors | 1.33M | $83.69M |
LSV Asset Management | 939.79K | $59.25M |
BLK Blackrock | 539.9K | $34.04M |
MS Morgan Stanley | 485.83K | $30.63M |
Vanguard | 472.78K | $29.81M |
Charles Schwab Investment Management | 326.13K | $20.56M |
JPM JPMorgan Chase & Co. | 305.59K | $19.27M |
Parametric Portfolio Associates | 234.41K | $14.78M |
Greenlight Capital | 230.13K | $14.51M |
Financial report summary
?Competition
BuckleRisks
- 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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H.S. freshman Avg
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New words:
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Removed:
applied, blended, Bulletin, classification, comparative, conjunction, connection, corridor, coverage, essentially, flat, focused, imposing, independently, Mahaffy, occurring, October, principally, provisional, rating, read, recovery, REIT, remeasurement, removed, represent, retained, retrospectively, suggested, Synchrony, transfer, unaudited, withdraw
Financial reports
10-K
2020 FY
Annual report
29 Mar 21
10-Q
2020 Q3
Quarterly report
4 Dec 20
10-Q
2020 Q2
Quarterly report
4 Sep 20
10-Q
2020 Q1
Quarterly report
5 Jun 20
10-K
2019 FY
Annual report
31 Mar 20
10-Q
2019 Q3
Quarterly report
11 Dec 19
10-Q
2019 Q2
Quarterly report
11 Sep 19
10-Q
2019 Q1
Quarterly report
7 Jun 19
10-K
2018 FY
Annual report
29 Mar 19
10-Q
2018 Q3
Quarterly report
6 Dec 18
Current reports
8-K
Dillard’s, Inc. Reports Fourth Quarter and Fiscal Year Results
22 Feb 21
8-K
Dillard’s, Inc. Reports Third Quarter Results
12 Nov 20
8-K
Dillard’s, Inc. Reports Second Quarter Results
13 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
19 May 20
8-K
Dillard’s, Inc. Reports First Quarter Results
14 May 20
8-K
Entry into a Material Definitive Agreement
4 May 20
8-K
Dillard’s, Inc. Reports Fourth Quarter and Fiscal Year Results
25 Feb 20
8-K
Dillard’s, Inc. Reports Third Quarter Results
14 Nov 19
8-K
Dillard’s, Inc. Reports Second Quarter Results
15 Aug 19
8-K
Submission of Matters to a Vote of Security Holders
21 May 19
Registration and prospectus
S-8
Registration of securities for employees
12 Jun 20
S-8
Registration of securities for employees
17 Aug 17
S-8
Registration of securities for employees
25 May 17
S-8
Registration of securities for employees
5 Mar 15
S-8
Registration of securities for employees
22 May 12
S-8
Registration of securities for employees
30 Jun 10
S-8
Registration of securities for employees
14 Jan 10
S-8
Registration of securities for employees
8 Dec 08
S-8
Registration of securities for employees
26 Nov 07
S-8
Registration of securities for employees
20 Jun 05
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 21
DEFA14A
Additional proxy soliciting materials
2 Apr 21
DEF 14A
Definitive proxy
2 Apr 21
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
3 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
DEFA14A
Additional proxy soliciting materials
5 Apr 18
DEF 14A
Definitive proxy
6 Apr 17
Other
SD
Conflict minerals disclosure
1 Jun 20
UPLOAD
Letter from SEC
12 Jun 19
CORRESP
Correspondence with SEC
10 Jun 19
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
28 May 19
UPLOAD
Letter from SEC
10 Jun 18
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
5 Jul 15
Ownership
4
DILLARD'S / J C WATTS JR ownership change
18 Mar 21
4
DILLARD'S / WARREN A STEPHENS ownership change
3 Mar 21
4
DILLARD'S / Chris B. Johnson ownership change
2 Mar 21
4
DILLARD'S / JAMES I FREEMAN ownership change
1 Mar 21
4
DILLARD'S / William T. Dillard III ownership change
26 Feb 21
SC 13G/A
DILLARD'S / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G/A
DILLARD'S / Contrarius Investment Management ownership change
12 Feb 21
SC 13G
DILLARD'S / LSV ASSET MANAGEMENT ownership change
11 Feb 21
SC 13G/A
DILLARD'S / Newport Trust ownership change
11 Feb 21
SC 13G/A
DILLARD'S / DILLARD ALEX ownership change
10 Feb 21
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