Dillard’s, Inc. (NYSE:DDS) Receives $519.67 Average Price Target from Analysts

Dillard’s, Inc. (NYSE:DDS) has earned an average rating of “Reduce” from the five research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $519.6667.

A number of equities research analysts have recently issued reports on DDS shares. Telsey Advisory Group dropped their price target on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research report on Wednesday, February 25th. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut their target price on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd.

Dillard’s Stock Up 2.7%

Dillard’s stock opened at $570.26 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The stock has a market capitalization of $8.92 billion, a PE ratio of 15.66 and a beta of 1.30. The business has a 50 day simple moving average of $613.78 and a 200-day simple moving average of $625.56. Dillard’s has a 12 month low of $282.24 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last announced its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.98 by $3.07. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $13.48 earnings per share. On average, analysts anticipate that Dillard’s will post 33.25 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Tuesday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Dillard’s’s dividend payout ratio (DPR) is presently 3.30%.

Institutional Trading of Dillard’s

Several institutional investors have recently added to or reduced their stakes in DDS. Farther Finance Advisors LLC increased its position in shares of Dillard’s by 9.1% during the fourth quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock worth $116,000 after acquiring an additional 16 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Dillard’s by 17.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock valued at $67,000 after purchasing an additional 16 shares during the period. Cetera Investment Advisers grew its stake in Dillard’s by 4.2% during the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock worth $242,000 after purchasing an additional 16 shares in the last quarter. New York State Common Retirement Fund grew its stake in Dillard’s by 0.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after purchasing an additional 16 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Dillard’s by 1.1% during the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock worth $981,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.