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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 -3.64% 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 -4.36% shares climbed nearly 3%, and Nordstrom Inc. /zigman2/quotes/203902116/composite JWN -2.19% 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 +0.42% is up 9.1% and the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.50% has gained 23.4% for the period.

/zigman2/quotes/200348006/composite
US : U.S.: NYSE
$ 24.85
-0.94 -3.64%
Volume: 687,045
July 1, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
2.41%
Market Cap
$599.10 million
Rev. per Employee
$162,582
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 6.58
-0.30 -4.36%
Volume: 46.01M
July 1, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.13 billion
Rev. per Employee
$197,992
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/zigman2/quotes/203902116/composite
US : U.S.: NYSE
$ 15.15
-0.34 -2.19%
Volume: 10.73M
July 1, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.43 billion
Rev. per Employee
$214,324
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/zigman2/quotes/206947004/composite
US : U.S.: NYSE Arca
$ 43.06
+0.18 +0.42%
Volume: 3.58M
July 1, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,115.86
+15.57 +0.50%
Volume: 2.70B
July 1, 2020 5:11p
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