Dillard’s (DDS) Announces Earnings Results, Beats Expectations By $0.33 EPS

Dillard’s (NYSE:DDS) announced its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.33, MarketWatch Earnings reports. Dillard’s had a net margin of 3.65% and a return on equity of 9.45%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business earned ($0.58) earnings per share. Dillard’s’s revenue was up 2.5% compared to the same quarter last year.

Shares of DDS traded down $7.18 during mid-day trading on Thursday, reaching $75.80. The company had a trading volume of 4,987,797 shares, compared to its average volume of 596,936. The firm has a market cap of $2.37 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93. Dillard’s has a fifty-two week low of $49.91 and a fifty-two week high of $98.75. The company has a quick ratio of 0.21, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.

The business also recently declared a quarterly dividend, which was paid on Monday, August 6th. Shareholders of record on Friday, June 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Dillard’s’s dividend payout ratio (DPR) is presently 8.33%.

A number of analysts recently issued reports on the stock. Susquehanna Bancshares restated a “neutral” rating and set a $60.00 target price on shares of Dillard’s in a research report on Thursday, June 7th. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Wedbush initiated coverage on shares of Dillard’s in a report on Wednesday, August 8th. They issued an “outperform” rating and a $95.00 price target on the stock. Finally, Bank of America upgraded shares of Dillard’s from an “underperform” rating to a “buy” rating and lifted their price target for the company from $77.37 to $89.00 in a report on Monday, May 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $75.43.

In other Dillard’s news, Director James I. Freeman sold 70,000 shares of Dillard’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $75.61, for a total value of $5,292,700.00. Following the transaction, the director now owns 226,930 shares in the company, valued at approximately $17,158,177.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James I. Freeman sold 20,000 shares of Dillard’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $93.08, for a total transaction of $1,861,600.00. Following the completion of the transaction, the director now owns 181,624 shares in the company, valued at approximately $16,905,561.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,226 shares of company stock worth $10,699,113. 19.10% of the stock is owned by company insiders.

About Dillard’s

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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Earnings History for Dillard`s (NYSE:DDS)

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