By early afternoon, J.C. Penney had added 5.4% to $5.51, Sears climbed 2.9% to $39.15, and Dillard's jumped 6.1% to $88.73.
Before the bell, Macy's reported adjusted net income of $2.31 a share for the three months to Feb. 1. Analysts surveyed by Thomson Reuters had anticipated earnings of $2.17 a share.
Must Read: Why Macy's (M) Is Moving Higher on Tuesday
Also See: Macy's Reports Better-Than-Expected Q4
TheStreet Ratings team rates DILLARDS INC as a Buy with a ratings score of B+. The team has this to say about their recommendation:
"We rate DILLARDS INC (DDS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: DDS Ratings Report