Dillard’s, Inc. (NYSE:DDS) Receives $521.33 Consensus Price Target from Brokerages

Dillard’s, Inc. (NYSE:DDS) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $521.3333.

DDS has been the topic of several recent research reports. Weiss Ratings raised Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. decreased their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. UBS Group upped their price objective on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday.

Dillard’s Stock Down 0.0%

Shares of DDS opened at $609.92 on Wednesday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 14.50 and a beta of 1.16. Dillard’s has a 1 year low of $396.98 and a 1 year high of $741.97. The business’s 50 day simple moving average is $581.59 and its 200-day simple moving average is $616.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.13 by $5.91. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $10.39 EPS. As a group, equities analysts expect that Dillard’s will post 35.26 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio is presently 2.85%.

Insiders Place Their Bets

In related news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the sale, the director owned 10,150 shares in the company, valued at approximately $6,183,177. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 34.80% of the company’s stock.

Institutional Trading of Dillard’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its position in shares of Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Dillard’s during the fourth quarter worth $29,000. Quarry LP bought a new stake in shares of Dillard’s during the third quarter worth $33,000. EverSource Wealth Advisors LLC boosted its position in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors 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.