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Nov. 14, 2019, 10:34 a.m. EST

Dillard's stock skyrockets 17% after unexpected earnings beat, driving J.C. Penney stock up

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By Tonya Garcia

Dillard's Inc. /zigman2/quotes/200348006/composite DDS -3.58% stock soared 17% in Thursday trading after it reported a surprise profit, and lifted other department store stocks with it. J.C. Penney Co. Inc. shares jumped 5%, Macy's Inc. /zigman2/quotes/201854387/composite M -0.76% shares climbed nearly 3%, and Nordstrom Inc. /zigman2/quotes/203902116/composite JWN -3.73% stock was up almost 2% on Thursday. Many department stores haven't reported their latest quarterly earnings, heading into a holiday season with both bullish forecasts for sales but concerns about the shortened shopping period. Dillard's stock has gained 32% for the year to date, the SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT -0.97% is up 9.1% and the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.08% has gained 23.4% for the period.

/zigman2/quotes/200348006/composite
US : U.S.: NYSE
$ 23.41
-0.87 -3.58%
Volume: 486,841
July 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
2.56%
Market Cap
$564.03 million
Rev. per Employee
$162,582
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 6.56
-0.05 -0.76%
Volume: 30.77M
July 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.05 billion
Rev. per Employee
$197,992
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/zigman2/quotes/203902116/composite
US : U.S.: NYSE
$ 15.24
-0.59 -3.73%
Volume: 6.87M
July 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.49 billion
Rev. per Employee
$214,324
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/zigman2/quotes/206947004/composite
US : U.S.: NYSE Arca
$ 43.78
-0.43 -0.97%
Volume: 3.35M
July 7, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,145.32
-34.40 -1.08%
Volume: 2.29B
July 7, 2020 5:18p
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