08:50 AM EDT, 05/16/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month price target of $500, based on 12.5x our FY 25 (Jan.) EPS estimate and lower than the company's 5-year average forward P/E multiple of 16.4x. We maintain our FY 25 and FY 26 EPS estimates of $40.00 and $40.00, respectively. DDS posts normalized Q1 EPS of $11.09 vs. $11.77, $1.91 above consensus estimates on revenues of $1.55B vs. $1.58B and in line with estimates. Q4 comparable store sales declined 2% Y/Y and retail gross margin expanded 60 bps, led by home, furniture, ladies accessories, and lingerie. We continue to believe Dillard's will offset any slowdown with share repurchases as the company has cut its shares outstanding in half since FY 17 with consistent buybacks. The company also paid a special dividend of $20 per share in FY 24. DDS continues to operate above its peers across operating metrics and we believe the company can maintain operating margin above 10% over the long term due to its rationalized store count and southern locations. We continue to like its shares.