Dillard’s (NYSE:DDS) Issues Earnings Results

Dillard’s (NYSE:DDS) issued its quarterly earnings data on Tuesday. The company reported $10.08 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.10, Zacks reports. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%.

Dillard’s Stock Down 3.4%

DDS opened at $647.18 on Tuesday. Dillard’s has a 52 week low of $282.24 and a 52 week high of $741.97. The business has a 50 day moving average price of $644.82 and a two-hundred day moving average price of $615.48. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.12 billion, a PE ratio of 17.57 and a beta of 1.27.

Analysts Set New Price Targets

DDS has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group lifted their target price on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. boosted their target price on Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a report on Tuesday, November 25th. Finally, Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $511.33.

Institutional Investors Weigh In On Dillard’s

Several large investors have recently modified their holdings of the stock. Mangrove Partners IM LLC purchased a new stake in shares of Dillard’s during the 4th quarter worth $216,000. Geneos Wealth Management Inc. increased its holdings in shares of Dillard’s by 14.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 263 shares of the company’s stock valued at $110,000 after purchasing an additional 34 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Dillard’s by 51.3% in the first quarter. Acadian Asset Management LLC now owns 283 shares of the company’s stock valued at $101,000 after purchasing an additional 96 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dillard’s by 56.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 218 shares of the company’s stock worth $91,000 after buying an additional 79 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Dillard’s in the 3rd quarter worth approximately $86,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.