Dillard’s Inc. (DDS) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS
Dillard’s Inc. (NYSE:DDS) announced its earnings results on Thursday. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.76 by $0.09. The business earned $1.37 billion during the quarter, compared to analyst estimates of $1.41 billion. Dillard’s had a return on equity of 10.84% and a net margin of 3.00%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share.
Shares of Dillard’s (NYSE:DDS) opened at 71.28 on Monday. The firm’s 50 day moving average is $61.97 and its 200 day moving average is $62.21. The company has a market cap of $2.44 billion, a PE ratio of 11.77 and a beta of 1.07. Dillard’s has a 12 month low of $54.37 and a 12 month high of $88.58.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, September 28th. Dillard’s’s payout ratio is 5.09%.
DDS has been the topic of several recent analyst reports. Bank of America Corp. reissued a “sell” rating and issued a $55.00 target price on shares of Dillard’s in a report on Friday, August 12th. Zacks Investment Research raised Dillard’s from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Thursday, October 6th. Credit Suisse Group AG raised Dillard’s from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $63.00 to $70.00 in a report on Wednesday, September 28th. Finally, Telsey Advisory Group upped their price objective on Dillard’s from $62.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 12th. Five analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $66.39.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of Dillard’s by 89.6% in the third quarter. Morgan Stanley now owns 64,113 shares of the company’s stock valued at $4,040,000 after buying an additional 30,291 shares in the last quarter. Northern Trust Corp boosted its position in shares of Dillard’s by 8.7% in the third quarter. Northern Trust Corp now owns 150,245 shares of the company’s stock worth $9,467,000 after buying an additional 12,053 shares during the period. Emerald Acquisition Ltd. boosted its position in shares of Dillard’s by 2.5% in the third quarter. Emerald Acquisition Ltd. now owns 49,084 shares of the company’s stock worth $3,092,000 after buying an additional 1,216 shares during the period. California State Teachers Retirement System boosted its position in shares of Dillard’s by 1.0% in the third quarter. California State Teachers Retirement System now owns 41,662 shares of the company’s stock worth $2,625,000 after buying an additional 400 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of Dillard’s by 6.3% in the third quarter. BlackRock Fund Advisors now owns 204,615 shares of the company’s stock worth $12,893,000 after buying an additional 12,212 shares during the period. 79.21% of the stock is currently owned by institutional investors.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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