DDS
Dillard's, Inc.Consumer Cyclical·Department Stores
$590.21
$9.2B market cap
Revenue
$3.6B
Free Cash Flow
$538.4M
Rev Growth
+0.0%
FCF Margin
15.0%
P/FCF
17.1x
EV/FCF
15.5x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Dillard's, Inc. operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com. It also engages in the general contracting construction activities. The comp
2-Year Price History
$561.80+39.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 1,589 | 270.3 | 227.0 | 250.6 | 364.0 | 346.8 | -17.2 | 1,417 | 555.4 | 15.6 | 43.9% | -- | -- |
| Act | 2025-Q4 | 1,989 | 263.6 | 206.7 | 204.1 | 211.2 | 191.6 | -19.6 | 1,073 | 557.6 | 15.6 | 67.8% | -- | -- |
Valuation & Metrics
Market Stats
Price$590.21
Market Cap$9.2B
Enterprise Value$8.4B
P/S Ratio2.6x
P/FCF17.1x
EV/FCF15.5x
FCF Margin (TTM)15.0%
FCF Yield5.8%
Dividend Yield (TTM)5.3%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$3.6B
Net Income$454.7M
Free Cash Flow$538.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin14.9%
Net Margin12.7%
FCF Margin15.0%
CapEx % of Revenue1.0%
SBC % of Revenue0.0%
ROIC55.8%
WC Change % Rev-0.1%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.9M
Days to Cover10.0
Change (vs Prior)-2.8%
Need at least 2 settlement dates for chart
Employees
Headcount28,800
Revenue / Employee$124,236
Gross Profit / Employee$46,885
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
47.2%(+17.9% YoY)
295 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
5.8%(+1.6% YoY)
13 filers
Vanguard, iShares, SPDR
Market makers
0.4%(+0.2% YoY)
7 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Newport Trust Co | $2.58B | $406.85 | −$6.3M | −$148M | -0.5% | $40.73B |
| DIMENSIONAL FUND ADVISORS LPPassive | $124M | $179.14 | −$366K | −$51.2M | -0.4% | $480.92B |
| BlackRock, Inc.Passive | $108M | $363.15 | +$2.1M | +$11.4M | -0.2% | $5.69T |
| UBS Group AG | $95.4M | $453.24 | +$56.5M | +$87.6M | -0.3% | $562.11B |
| Allianz Asset Management GmbH | $92.0M | $352.60 | −$2.5M | −$9.6M | -0.2% | $86.14B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $85.3M | $572.11 | +$85.3M | +$85.3M | — | $1.91T |
| MORGAN STANLEY | $82.8M | $351.62 | +$11.6M | +$27.5M | -0.3% | $1.65T |
| RENAISSANCE TECHNOLOGIES LLC | $81.3M | $396.71 | +$12.8M | +$28.9M | +1.2% | $63.91B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $75.4M | $572.11 | +$75.4M | +$75.4M | — | $4.04T |
| AQR CAPITAL MANAGEMENT LLC | $70.8M | $405.43 | +$5.1M | +$26.1M | -0.2% | $218.19B |
| Clientfirst Wealth Management, LLC | $61.8M | $179.14 | +$0 | −$2.9M | +2.8% | $118M |
| Gotham Asset Management, LLC | $58.6M | $485.17 | +$16.4M | +$44.3M | +0.4% | $32.62B |
| GOLDMAN SACHS GROUP INC | $48.9M | $450.60 | +$31.6M | +$11.0M | -0.2% | $760.93B |
| BNP PARIBAS FINANCIAL MARKETS | $45.7M | $542.52 | +$26.5M | +$42.9M | -0.2% | $149.31B |
| D. E. Shaw & Co., Inc. | $40.2M | $338.73 | +$28.9M | +$18.6M | -0.3% | $118.02B |
| Bank of New York Mellon Corp | $39.0M | $401.12 | −$3.9M | −$5.4M | -0.2% | $543.21B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $36.0M | $470.59 | +$3.7M | +$6.5M | +2.3% | $1.61T |
| STATE STREET CORPPassive | $35.9M | $321.70 | −$1.7M | −$2.3M | -0.2% | $2.89T |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $35.1M | $320.68 | +$3.3M | +$30.8M | +0.2% | $5.42B |
| CITADEL ADVISORS LLC | $31.2M | $346.52 | +$17.8M | −$8.3M | -0.4% | $138.22B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.06%
avg per quarter
Holders (ex-self)
-0.24%
excl. this stock
Buyers (this Q)
-0.07%
141 buyers · $0.55B in
Sellers (this Q)
-0.03%
87 sellers · $0.35B out
alpha coverage: 96% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-5.5%
how holders react when this stock falls
On quiet Qs
-11.1%
−10% to +10% baseline
On rallies (+10%+)
-12.4%
how they react when this stock rises
Holders' portfolio flow this Q
+0.1%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.0%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.8%
Holder mid (any stock)
-2.2%
Holder rally (any stock)
-4.6%
Biggest decreases this quarter
Pacer Advisors, Inc.exited−$16.8MFCF Advisors LLCexited−$7.1MNewport Trust Co−$6.3Mα-0.5Bridgewater Associates, LPexited−$5.9MMariner, LLCexited−$5.3MMARSHALL WACE, LLPexited−$5.0MInformed Momentum Co LLCexited−$4.8MHRT FINANCIAL LPexited−$4.0MBank of New York Mellon Corp−$3.9Mα-0.2Allianz Asset Management GmbH−$2.5Mα-0.2
New buyers this quarter
Top-5 holders · 64.9%
Newport Trust Co--
DIMENSIONAL FUND ADVISORS LP--
BlackRock, Inc.--
UBS Group AG--
Allianz Asset Management GmbH--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Newport Trust Co4.5MPacer Advisors, Inc.—Alyeska Investment Group, L.P.—Allianz Asset Management GmbH161KUBS Group AG167KMORGAN STANLEY145KRENAISSANCE TECHNOLOGIES LLC142KClientfirst Wealth Management, LLC108KFIRST TRUST ADVISORS LP16KBeacon Pointe Advisors, LLC—
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (2 analysts)$557.50-550.0%
Last Year (3 analysts)$525.00-1100.0%
Current Price$590.21
Analyst Ratings
2
6
5
Buy: 2Hold: 6Sell: 5Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$693K
2 txns · 2 insiders · 1,150 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-10-16 | SELL | WATTS J C JR | director | 750 | $594.60 | $446K | $6.09M |
| 2025-09-29 | SELL | Johnson Chris B. | officer: SENIOR VICE PRESIDENT | 400 | $617.00 | $247K | $5.77M |
Order Flow (FINRA, ~3w lag)
15.9%retail-0.6pp
29.2%dark+3.7pp
week of 2026-04-27
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Dillard’s, Inc.: Administrative Header Review Yields No Forensic Red Flags
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10