Recent News
On May 28, 2026 the Board declared a $0.30 per-share cash dividend payable August 3, 2026.
On June 4, 2026 the company completed a merger with W.D. Company, Inc.; a Schedule 13D filed June 5 describes the merger mechanics and related voting/exchange agreements involving members of the Dillard family.
On August 20, 2026 the Board declared a second $0.30 per-share cash dividend, payable November 2, 2026.
Technical Analysis
ADX and Directional Indicators — ADX at 23.37 indicates an emerging trend; DI+ registered a dip & reversal while DI- registered a peak & reversal, which together signal bullish directional momentum supporting the near-term price bias and aligning with the view of potential upside from current valuation.
MACD — MACD shows a dip & reversal with MACD at 12.67 above the signal line at 11.34, which confirms bullish momentum and supports the case for continued near-term strength.
MRO — MRO reads 16.74 and the oscillator is decreasing; MRO positive implies price currently sits above the model target and the decreasing MRO cautions that upward momentum may moderate even as technicals remain constructive.
RSI and Price Structure — RSI at 54.9 and rising indicates healthy momentum without overbought conditions, while the price at $632.05 trades above the 12-day EMA ($617.06), 20-day average ($615.33), 50-day average ($576.61) and 200-day average ($601.56); that confluence of moving averages and rising short-term EMAs supports a bullish near-term outlook consistent with the valuation assessment.
Ichimoku & Volatility — Price sits above Tenkan (604.40) and Kijun (596.42), reinforcing short-term bullish bias; 42-day volatility remains low, suggesting breakout moves could carry farther if momentum extends.
Fundamental Analysis
Profitability & Margins — Operating (EBIT) of $227,106,000 yields an EBIT margin of 14.30%, which sits above the industry peer mean of 13.60% and above the industry peer median of 11.94%. QoQ the EBIT margin improved ~12.20%, and YoY improved ~1.21%, supporting the valuation that the company generates above-average operating profitability relative to peers.
Earnings — Reported EPS came in at $6.26 vs. an estimate of $4.21, a positive surprise of $2.05 or ~48.7% above expectations, which materially lifted reported profitability measures for the period.
Sales Trend — Revenue shows contraction: revenue growth year-over-year declined ~18.1%, with a QoQ change of -160.3% per the provided QoQ metric; that revenue weakness stands as the principal near-term headwind despite margin expansion.
Cash Flow & Liquidity — Operating cash flow of $363,978,000 and free cash flow of $346,770,000 produce a free cash flow yield of ~3.77%, above the industry peer mean of ~1.14%. Cash plus short-term investments total $1,417,405,000 and the cash ratio sits at 1.10 while the current ratio equals 2.37, well above the industry peer mean current ratio of 1.23. Those metrics underwrite balance-sheet resilience and support the company’s dividend actions.
Capital Structure — Total debt rounds to $555,353,000 with debt-to-EBITDA ~2.05 and debt-to-equity ~0.27, indicating modest leverage. Interest coverage near 50.5x provides substantial cover for interest expense.
Returns — Return on equity at 12.37% and return on assets at 6.56% both sit above their respective industry peer means, supporting the WMDST view that the company delivers efficient returns on capital relative to peers.
Valuation Snapshot — Price-to-earnings ratio reads ~53.8, below the industry peer mean of ~84.4, while price-to-book sits near 4.55 versus an industry peer mean of ~5.77. WMDST values the stock as under-valued; that assessment finds support in above-mean margins, robust cash generation, low net leverage and a high dividend-coverage ratio, offset by materially negative revenue growth.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-04-30 |
| REPORT DATE: | 2026-08-13 |
| NEXT REPORT DATE: | 2026-11-12 |
| CASH FLOW | Begin Period Cash Flow | $ 861.5 M |
| Operating Cash Flow | $ 364.0 M | |
| Capital Expenditures | $ -17.21 M | |
| Change In Working Capital | $ 72.1 M | |
| Dividends Paid | $ -4.68 M | |
| Cash Flow Delta | $ 296.2 M | |
| End Period Cash Flow | $ 1.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.6 B | |
| Forward Revenue | $ 213.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 870.4 M | |
| Depreciation | $ 43.7 M | |
| Depreciation and Amortization | $ 43.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 718.3 M | |
| EBITDA | $ 270.8 M | |
| EBIT | $ 227.1 M | |
| Operating Income | $ 227.1 M | |
| Interest Income | $ 699.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 699.0 K | |
| Income Before Tax | $ 327.0 M | |
| Tax Provision | $ 76.8 M | |
| Tax Rate | 23.478 % | |
| Net Income | $ 250.6 M | |
| Net Income From Continuing Operations | $ 250.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 4.21 | |
| EPS Actual | $ 6.26 | |
| EPS Difference | $ 2.05 | |
| EPS Surprise | 48.694 % | |
| Forward EPS | $ 8.62 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.1 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 2.0 B | |
| Total Current Assets | $ 3.0 B | |
| Cash and Short-Term Investments | $ 1.4 B | |
| Cash | $ 1.2 B | |
| Net Receivables | $ 47.1 M | |
| Inventory | $ 1.5 B | |
| Long-Term Investments | $ 93.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.1 B | |
| Short-Term Debt | $ 96.0 M | |
| Total Current Liabilities | $ 1.3 B | |
| Net Debt | — | |
| Total Debt | $ 555.4 M | |
| Total Liabilities | $ 2.1 B | |
| EQUITY | ||
| Total Equity | $ 2.0 B | |
| Retained Earnings | $ 6.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 129.70 | |
| Shares Outstanding | 15.617 M | |
| Revenue Per-Share | $ 101.72 | |
| VALUATION | Market Capitalization | $ 9.2 B |
| Enterprise Value | $ 8.3 B | |
| Enterprise Multiple | 30.82 | |
| Enterprise Multiple QoQ | -2.772 % | |
| Enterprise Multiple YoY | 57.555 % | |
| Enterprise Multiple IPRWA | high: 177.335 median: 65.202 mean: 62.24 DDS: 30.82 low: -84.168 |
|
| EV/R | 5.253 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.043 | |
| Asset To Liability | 1.959 | |
| Debt To Capital | 0.215 | |
| Debt To Assets | 0.134 | |
| Debt To Assets QoQ | -15.627 % | |
| Debt To Assets YoY | -5.332 % | |
| Debt To Assets IPRWA | high: 1.261 median: 0.549 mean: 0.499 DDS: 0.134 low: 0.01 |
|
| Debt To Equity | 0.274 | |
| Debt To Equity QoQ | -12.523 % | |
| Debt To Equity YoY | -8.046 % | |
| Debt To Equity IPRWA | high: 4.702 mean: 1.825 median: 1.363 DDS: 0.274 low: -3.7 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.546 | |
| Price To Book QoQ | -19.257 % | |
| Price To Book YoY | 46.705 % | |
| Price To Book IPRWA | high: 16.486 median: 7.846 mean: 5.767 DDS: 4.546 low: -12.509 |
|
| Price To Earnings (P/E) | 53.843 | |
| Price To Earnings QoQ | 2.094 % | |
| Price To Earnings YoY | 52.147 % | |
| Price To Earnings IPRWA | high: 175.209 median: 87.99 mean: 84.426 DDS: 53.843 low: -192.42 |
|
| PE/G Ratio | -5.411 | |
| Price To Sales (P/S) | 5.796 | |
| Price To Sales QoQ | 15.127 % | |
| Price To Sales YoY | 55.752 % | |
| Price To Sales IPRWA | high: 18.346 mean: 9.278 median: 8.001 DDS: 5.796 low: 0.044 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 70.739 | |
| Forward PE/G | -7.109 | |
| Forward P/S | 43.669 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.517 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.416 | |
| Asset Turnover Ratio QoQ | -18.47 % | |
| Asset Turnover Ratio YoY | -0.058 % | |
| Asset Turnover Ratio IPRWA | high: 0.733 DDS: 0.416 median: 0.392 mean: 0.355 low: 0.078 |
|
| Receivables Turnover | 36.615 | |
| Receivables Turnover Ratio QoQ | -22.124 % | |
| Receivables Turnover Ratio YoY | 33.296 % | |
| Receivables Turnover Ratio IPRWA | high: 62.704 DDS: 36.615 mean: 12.987 median: 7.934 low: 0.276 |
|
| Inventory Turnover | 0.643 | |
| Inventory Turnover Ratio QoQ | -26.009 % | |
| Inventory Turnover Ratio YoY | -1.007 % | |
| Inventory Turnover Ratio IPRWA | high: 3.1 mean: 1.145 median: 1.054 DDS: 0.643 low: 0.116 |
|
| Days Sales Outstanding (DSO) | 2.492 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 40.471 | |
| Cash Conversion Cycle Days QoQ | -36.949 % | |
| Cash Conversion Cycle Days YoY | 7.865 % | |
| Cash Conversion Cycle Days IPRWA | high: 216.016 median: 48.784 DDS: 40.471 mean: 31.125 low: -167.492 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.903 | |
| CapEx To Revenue | -0.011 | |
| CapEx To Depreciation | -0.394 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.5 B | |
| Net Invested Capital | $ 2.5 B | |
| Invested Capital | $ 2.5 B | |
| Net Tangible Assets | $ 2.0 B | |
| Net Working Capital | $ 1.8 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.101 | |
| Current Ratio | 2.367 | |
| Current Ratio QoQ | -10.532 % | |
| Current Ratio YoY | -1.941 % | |
| Current Ratio IPRWA | high: 4.241 DDS: 2.367 mean: 1.232 median: 1.093 low: 0.49 |
|
| Quick Ratio | 1.197 | |
| Quick Ratio QoQ | -8.938 % | |
| Quick Ratio YoY | 5.659 % | |
| Quick Ratio IPRWA | high: 2.011 DDS: 1.197 mean: 0.388 median: 0.278 low: 0.068 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.051 | |
| Cost Of Debt | 0.761 % | |
| Interest Coverage Ratio | 50.468 | |
| Interest Coverage Ratio QoQ | -10.408 % | |
| Interest Coverage Ratio YoY | 3.934 % | |
| Interest Coverage Ratio IPRWA | high: 97.413 DDS: 50.468 mean: 19.262 median: 8.361 low: -58.921 |
|
| Operating Cash Flow Ratio | 0.382 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 59.43 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 53.491 | |
| Dividend Payout Ratio | 0.019 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 18.052 % | |
| Revenue Growth | -20.145 % | |
| Revenue Growth QoQ | -160.262 % | |
| Revenue Growth YoY | -18.1 % | |
| Revenue Growth IPRWA | high: 60.186 % median: 9.338 % mean: 3.912 % DDS: -20.145 % low: -54.332 % |
|
| Earnings Growth | -9.951 % | |
| Earnings Growth QoQ | -121.316 % | |
| Earnings Growth YoY | -56.589 % | |
| Earnings Growth IPRWA | high: 276.224 % mean: 23.818 % median: 19.444 % DDS: -9.951 % low: -360.0 % |
|
| MARGINS | ||
| Gross Margin | 45.212 % | |
| Gross Margin QoQ | 24.719 % | |
| Gross Margin YoY | 1.47 % | |
| Gross Margin IPRWA | high: 96.274 % DDS: 45.212 % mean: 38.126 % median: 32.997 % low: 10.662 % |
|
| EBIT Margin | 14.296 % | |
| EBIT Margin QoQ | 12.196 % | |
| EBIT Margin YoY | 1.211 % | |
| EBIT Margin IPRWA | high: 38.901 % DDS: 14.296 % mean: 13.603 % median: 11.943 % low: -28.986 % |
|
| Return On Sales (ROS) | 14.296 % | |
| Return On Sales QoQ | 37.62 % | |
| Return On Sales YoY | 1.211 % | |
| Return On Sales IPRWA | high: 34.004 % DDS: 14.296 % mean: 12.925 % median: 11.926 % low: -26.805 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 346.8 M | |
| Free Cash Flow Yield | 3.766 % | |
| Free Cash Flow Yield QoQ | 96.864 % | |
| Free Cash Flow Yield YoY | 0.48 % | |
| Free Cash Flow Yield IPRWA | high: 15.979 % DDS: 3.766 % mean: 1.142 % median: 0.962 % low: -12.982 % |
|
| Free Cash Growth | 80.978 % | |
| Free Cash Growth QoQ | 256.606 % | |
| Free Cash Growth YoY | -311.857 % | |
| Free Cash Growth IPRWA | high: 233.929 % DDS: 80.978 % mean: 11.353 % median: -11.36 % low: -672.703 % |
|
| Free Cash To Net Income | 1.384 | |
| Cash Flow Margin | 30.989 % | |
| Cash Flow To Earnings | 1.965 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 6.557 % | |
| Return On Assets QoQ | 25.565 % | |
| Return On Assets YoY | 48.854 % | |
| Return On Assets IPRWA | high: 6.794 % DDS: 6.557 % median: 3.088 % mean: 3.015 % low: -8.716 % |
|
| Return On Capital Employed (ROCE) | 7.967 % | |
| Return On Equity (ROE) | 0.124 | |
| Return On Equity QoQ | 8.016 % | |
| Return On Equity YoY | 40.297 % | |
| Return On Equity IPRWA | high: 0.355 DDS: 0.124 median: 0.077 mean: 0.053 low: -0.276 |
|
| DuPont ROE | 13.172 % | |
| Return On Invested Capital (ROIC) | 6.823 % | |
| Return On Invested Capital QoQ | -33.789 % | |
| Return On Invested Capital YoY | -3.082 % | |
| Return On Invested Capital IPRWA | high: 23.192 % mean: 8.096 % DDS: 6.823 % median: 6.504 % low: -8.65 % |
|