Dillard's (NYSE:DDS) Announces Earnings Results

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) issued its quarterly earnings results on Thursday. The company reported $4.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.87, Zacks reports. Dillard's had a return on equity of 30.52% and a net margin of 8.93%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $11.09 EPS. The business's revenue was up 1.6% compared to the same quarter last year.

Dillard's Stock Up 1.2%

Shares of NYSE:DDS opened at $503.96 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. Dillard's has a 52-week low of $282.24 and a 52-week high of $533.23. The business's 50 day simple moving average is $445.70 and its two-hundred day simple moving average is $408.72. The firm has a market cap of $7.88 billion, a P/E ratio of 13.93 and a beta of 1.06.

Dillard's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio is presently 2.76%.

Hedge Funds Weigh In On Dillard's

A number of institutional investors have recently modified their holdings of DDS. Goldman Sachs Group Inc. grew its position in Dillard's by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after purchasing an additional 28,468 shares during the period. AQR Capital Management LLC lifted its stake in shares of Dillard's by 14.8% in the second quarter. AQR Capital Management LLC now owns 91,015 shares of the company's stock valued at $38,029,000 after buying an additional 11,733 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Dillard's by 21.6% in the second quarter. Bank of America Corp DE now owns 65,548 shares of the company's stock valued at $27,388,000 after buying an additional 11,640 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Dillard's during the first quarter valued at about $3,746,000. Finally, Millennium Management LLC increased its position in shares of Dillard's by 18.3% during the first quarter. Millennium Management LLC now owns 44,703 shares of the company's stock worth $16,009,000 after acquiring an additional 6,913 shares in the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on DDS shares. Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price target on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. UBS Group raised their price objective on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research report on Friday, May 16th. Finally, 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.

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.