Dillard's (NYSE:DDS) Releases Earnings Results, Beats Estimates By $0.87 EPS

Key Points

• Dillard's reported earnings per share of $4.66, exceeding analysts' expectations by $1.19, while revenue increased by 1.6% year-over-year.
• The stock price reached $503.96 after a trading volume of 270,966 shares on the same day that earnings were announced.
• The company also declared a quarterly dividend of $0.25 per share, equating to a 0.2% dividend yield with a payout ratio of 2.76%.

Dillard's (NYSE:DDS - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $0.87, Zacks reports. Dillard's had a return on equity of 30.74% and a net margin of 8.87%.The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $11.09 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis.

Dillard's Trading Down 0.5%

Shares of DDS stock traded down $2.61 on Tuesday, hitting $520.97. The stock had a trading volume of 140,205 shares, compared to its average volume of 143,038. The company's 50 day moving average price is $450.34 and its 200-day moving average price is $408.59. Dillard's has a 1 year low of $282.24 and a 1 year high of $533.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13. The firm has a market capitalization of $8.15 billion, a P/E ratio of 14.37 and a beta of 1.06.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Dillard's

Several institutional investors have recently modified their holdings of DDS. EverSource Wealth Advisors LLC raised its stake in shares of Dillard's by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $50,000 after buying an additional 73 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Dillard's in the second quarter valued at approximately $55,000. Tower Research Capital LLC TRC lifted its stake in Dillard's by 100.0% in the second quarter. Tower Research Capital LLC TRC now owns 170 shares of the company's stock worth $71,000 after acquiring an additional 85 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Dillard's by 92.6% during the 2nd quarter. Lazard Asset Management LLC now owns 208 shares of the company's stock worth $86,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Company Profile

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.