Dillard's Inc. (DDS) released its first quarter results on Friday, May 14, 2021. The company reported net earnings of $7.26 per share for the first quarter ending April 30, 2021. Earnings for this past quarter were up 205 percent compared to the same period a year ago.
The company was founded in 1938 and is based in Little Rock, Arkansas. Dillard's, Inc. operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.
Dillard's' revenue decreased 12 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 42.98% for the first quarter compared to the same period in the previous year, and operating margins increased to 14.39% over the same period. Net earnings for past trailing twelve months were $248.48 million, up 292% from the prior year.
Moving on to the balance sheet, Dillard's' cash levels jumped 780% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 16.62% this past year. The current ratio for Dillard's now stands at 1.94. The company decreased shares outstanding by 7.88%.
Shares of DDS are currently trading around $125.35. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 11.03 and price to book ratio of 1.78.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, May 15, 2021.