Dillard’s (TXSE:DDS) Posts 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, topping 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 previous year, the business earned $8.31 EPS.

Dillard’s Stock Down 3.1%

Shares of Dillard’s stock opened at $598.89 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $651.59 and its two-hundred day simple moving average is $605.62. The company has a market cap of $9.35 billion, a P/E ratio of 13.72 and a beta of 1.00. Dillard’s has a 12-month low of $503.06 and a 12-month high of $741.97.

Dillard’s Dividend Announcement

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

Analyst Ratings Changes

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