Dillard's (NYSE:DDS) Sets New 52-Week High Following Strong Earnings

Key Points

• Dillard's, Inc. (NYSE:DDS) reached a new 52-week high, trading at $527.65, significantly up from its previous close of $497.93.
• Analysts have mixed opinions, with UBS lowering its price objective while Wall Street Zen upgraded the stock from "hold" to "buy."
• The company reported earnings per share of $4.66 for the last quarter, exceeding expectations by $1.19, along with a revenue increase of 1.6% year-over-year.

Dillard's, Inc. (NYSE:DDS - Get Free Report) hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $521.49 and last traded at $527.65, with a volume of 64848 shares traded. The stock had previously closed at $497.93.

The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $11.09 earnings per share. The firm's quarterly revenue was up 1.6% on a year-over-year basis.

Analysts Set New Price Targets

DDS has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Telsey Advisory Group lifted their price objective on shares of Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research note on Friday. Finally, UBS Group increased their target price on shares of Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research note on Friday. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Dillard's presently has an average rating of "Sell" and a consensus price target of $394.33.

Institutional Investors Weigh In On Dillard's

Several institutional investors and hedge funds have recently made changes to their positions in DDS. PNC Financial Services Group Inc. boosted its holdings in shares of Dillard's by 62.3% during the first quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock valued at $35,000 after acquiring an additional 38 shares during the period. EverSource Wealth Advisors LLC grew its position in Dillard's by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock worth $37,000 after purchasing an additional 79 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Dillard's by 220.7% in the second quarter. GAMMA Investing LLC now owns 93 shares of the company's stock valued at $39,000 after purchasing an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dillard's by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock valued at $50,000 after buying an additional 73 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Dillard's by 2,980.0% in the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock worth $55,000 after buying an additional 149 shares in the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard's Stock Down 1.3%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. The firm has a 50 day simple moving average of $452.63 and a two-hundred day simple moving average of $409.34. The stock has a market cap of $8.09 billion, a P/E ratio of 14.26 and a beta of 1.06.

About Dillard's

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.