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

Dillard’s (TXSE:DDS) released its earnings results on Thursday. The company reported $8.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $8.31 EPS.

Dillard’s Stock Down 3.1%

Shares of TXSE DDS traded down $19.39 during mid-day trading on Thursday, reaching $598.89. 121,954 shares of the company’s stock traded hands, compared to its average volume of 135,997. The stock has a market cap of $9.35 billion, a P/E ratio of 13.72 and a beta of 1.00. The business has a 50-day simple moving average of $652.36 and a 200 day simple moving average of $605.73. Dillard’s has a 1-year low of $503.06 and a 1-year high of $741.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58.

Dillard’s Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on DDS. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings downgraded Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. UBS Group boosted their target price 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, JPMorgan Chase & Co. increased their price target on Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a report on Monday, August 17th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Dillard’s 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.