Dillard's (NYSE:DDS) Announces Quarterly Earnings Results

Dillard's reported quarterly earnings of $8.31 per share, surpassing analysts' estimates of $6.48. The company's revenue increased by 2.9% year-over-year to $1.47 billion. Dillard's stock decreased by $15.28, trading at $648.79. The company raised its quarterly dividend to $0.30 per share. Analysts have mixed ratings on the stock, with an average rating of 'Reduce' and a price target of $397.33. Insider trading and institutional investments were also noted.

Dillard's (NYSE:DDS - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $8.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.43 by $1.88, Zacks reports. Dillard's had a net margin of 8.87% and a return on equity of 30.55%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $7.73 earnings per share. The business's revenue for the quarter was up 2.9% compared to the same quarter last year.

Dillard's Stock Performance

DDS stock traded down $15.28 during midday trading on Friday, hitting $648.79. The stock had a trading volume of 83,566 shares, compared to its average volume of 136,495. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $603.15 and a 200 day simple moving average of $497.50. Dillard's has a 52 week low of $282.24 and a 52 week high of $737.73. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 17.89 and a beta of 1.15.

Dillard's Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Tuesday, September 30th were paid a dividend of $0.30 per share. This is a positive change from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, September 30th. Dillard's's dividend payout ratio is presently 3.26%.

Analyst Upgrades and Downgrades

Several research analysts have commented on DDS shares. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Zacks Research cut shares of Dillard's from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. JPMorgan Chase & Co. upped their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Telsey Advisory Group raised their price objective on shares of Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a research report on Friday, August 15th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Dillard's in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $397.33.

View Our Latest Research Report on DDS

Insiders Place Their Bets

In related news, Director J C. Watts, Jr. sold 750 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total transaction of $445,950.00. Following the sale, the director directly owned 10,250 shares in the company, valued at $6,094,650. This represents a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dillard's

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Dillard's by 14.8% in the second quarter. AQR Capital Management LLC now owns 91,015 shares of the company's stock valued at $38,029,000 after purchasing an additional 11,733 shares during the period. Goldman Sachs Group Inc. increased its position in Dillard's by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after purchasing an additional 28,468 shares during the period. Bank of America Corp DE raised its holdings in Dillard's by 21.6% during the 2nd quarter. Bank of America Corp DE now owns 65,548 shares of the company's stock worth $27,388,000 after purchasing an additional 11,640 shares during the last quarter. Millennium Management LLC lifted its position in shares of Dillard's by 18.3% in the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company's stock worth $16,009,000 after purchasing an additional 6,913 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Dillard's by 124.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,064 shares of the company's stock valued at $14,172,000 after purchasing an additional 12,798 shares during the last quarter. Institutional investors own 67.15% of the company's stock.

Dillard's Company Profile

(Get Free Report)

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.

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