These Analysts Boost Their Forecasts On Dillard's Following Strong Q2 Earnings

Dillard’s, Inc. DDS reported better-than-expected second-quarter financial results on Thursday.

Dillard’s reported quarterly earnings of $4.66 per share which beat the analyst consensus estimate of $3.44 per share. The company reported quarterly sales of $1.513 billion which beat the analyst consensus estimate of $1.497 billion.

Dillard’s Chief Executive Officer William T. Dillard, II said, “We were happy to achieve a sales increase for the first time in a while and encouraged by strengthening sales trends in July. In an operating environment that changes daily, we focused on controlling inventory, ending up 2% compared to 6% at the end of first quarter.”

Dillard’s shares gained 3% to trade at $513.80 on Friday.

These analysts made changes to their price targets on Dillard’s following earnings announcement.

• Telsey Advisory Group analyst Dana Telsey maintained Dillard’s with a Market Perform and raised the price target from $450 to $550.
• UBS analyst Mauricio Serna maintained Dillard’s with a Sell and raised the price target from $170 to $175.

Considering buying DDS stock? Here’s what analysts think:

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