Dillard’s (NYSE:DDS) Stock Price Expected to Rise, UBS Group Analyst Says

Dillard’s (NYSE:DDS) had its price target increased by equities researchers at UBS Group from $200.00 to $202.00 in a report issued on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price objective points to a potential downside of 47.92% from the stock’s previous close.

Several other research firms have also issued reports on DDS. StockNews.com lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group reissued a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a report on Wednesday.

Dillard’s Price Performance

Shares of DDS traded down $10.91 during midday trading on Friday, hitting $387.90. 98,550 shares of the company traded hands, compared to its average volume of 121,083. The stock has a 50-day moving average of $464.08 and a 200-day moving average of $414.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard’s has a one year low of $328.00 and a one year high of $510.00. The firm has a market cap of $6.17 billion, a P/E ratio of 9.96 and a beta of 0.88.

Dillard’s (NYSE:DDS) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping analysts’ consensus estimates of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $15.44 EPS. Dillard’s’s revenue was down 5.0% on a year-over-year basis. As a group, sell-side analysts predict that Dillard’s will post 33.25 EPS for the current fiscal year.

Insider Activity at Dillard’s

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the sale, the vice president now owns 1,167 shares of the company’s stock, valued at $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 33.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dillard’s

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in shares of Dillard’s by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Dillard’s during the third quarter valued at about $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Dillard’s in the fourth quarter worth about $36,000. US Bancorp DE increased its holdings in shares of Dillard’s by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after buying an additional 49 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Dillard’s in the 3rd quarter valued at about $70,000. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.