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

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

Dillard’s Price Performance

Shares of DDS traded down $19.39 during mid-day trading on Thursday, reaching $598.89. 121,954 shares of the stock traded hands, compared to its average volume of 135,997. The firm has a fifty day moving average price of $652.36 and a 200 day moving average price of $605.73. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 13.72 and a beta of 1.00. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16. Dillard’s has a 1 year low of $503.06 and a 1 year high of $741.97.

Dillard’s Announces Dividend

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

Analyst Upgrades and Downgrades

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