Dillard’s (TXSE:DDS) Releases Earnings Results, Beats Expectations By $0.33 EPS

Dillard’s (TXSE:DDS) issued its earnings results on Thursday. The company reported $8.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.05 by $0.33, RTT News reports. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. During the same period in the prior year, the company posted $8.31 earnings per share.

Dillard’s Stock Performance

Shares of DDS stock traded down $19.39 during midday trading on Thursday, hitting $598.89. 121,954 shares of the company were exchanged, compared to its average volume of 135,997. Dillard’s has a 52 week low of $503.06 and a 52 week high of $741.97. The firm has a market capitalization of $9.35 billion, a P/E ratio of 13.72 and a beta of 1.00. The firm’s 50 day moving average price is $651.59 and its two-hundred day moving average price is $605.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, September 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s payout ratio is presently 2.75%.

Analysts Set New Price Targets

Several analysts have issued reports on DDS shares. Weiss Ratings lowered Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. JPMorgan Chase & Co. raised their price objective on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research report on Monday, August 17th. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen lowered Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Finally, UBS Group boosted their target price on Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Dillard’s presently has an average rating of “Reduce” and an average target price of $545.67.

Dillard’s Company Profile

Dillard’s, Inc. is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories. The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.