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

Core Insights - Dillard's, Inc. reported second-quarter earnings of $4.66 per share, exceeding the analyst consensus estimate of $3.44 per share [1] - The company achieved quarterly sales of $1.513 billion, surpassing the analyst consensus estimate of $1.497 billion [1] Financial Performance - The CEO highlighted a sales increase for the first time in a while and noted strengthening sales trends in July [2] - Dillard's focused on inventory control, ending up with a 2% increase compared to 6% at the end of the first quarter [2] Stock Market Reaction - Following the earnings announcement, Dillard's shares gained 3%, trading at $513.80 [2] Analyst Ratings and Price Targets - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating and raised the price target from $450 to $550 [7] - UBS analyst Mauricio Serna maintained a Sell rating and raised the price target from $170 to $175 [7]