Dillard’s (NYSE:DDS) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

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

Dillard’s Price Performance

Shares of DDS opened at $647.18 on Tuesday. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 17.57 and a beta of 1.27. The firm’s fifty day simple moving average is $644.82 and its 200-day simple moving average is $615.48. Dillard’s has a twelve month low of $282.24 and a twelve month high of $741.97. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Dillard’s

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its holdings in Dillard’s by 4.2% during the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock worth $242,000 after buying an additional 16 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Dillard’s by 0.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock valued at $1,048,000 after acquiring an additional 16 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Dillard’s by 3.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 896 shares of the company’s stock worth $551,000 after acquiring an additional 27 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Dillard’s by 14.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 263 shares of the company’s stock worth $110,000 after acquiring an additional 34 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Dillard’s by 5.1% during the second quarter. Rafferty Asset Management LLC now owns 892 shares of the company’s stock worth $373,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

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

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.