Dillard's Stock Could Soar on Buybacks and a Short Squeeze
Shares of Dillard's (NYSE: DDS) plunged earlier this year along with other department store stocks as the COVID-19 pandemic disrupted apparel demand, eviscerated store traffic, and eventually forced most non-essential retailers to close their stores temporarily.
Dillard's first-quarter performance was predictably awful. The company swung to a $162 million loss after posting a $79 million profit a year earlier. However, the department store chain bounced back in a big way last quarter, improving its earnings compared to the second quarter of fiscal 2019. Despite that impressive result, Dillard's stock still sits near the $30 mark: down almost 60% year to date.
Source Fool.com
