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

Shares of Dillard’s, Inc. (NYSE:DDS) have been given an average recommendation of “Reduce” by the five research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $521.3333.

A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

Insider Buying and Selling at Dillard’s

In other news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director owned 10,150 shares in the company, valued at approximately $6,183,177. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 34.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

Several hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in Dillard’s by 108.7% in 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 position in shares of Dillard’s during the fourth quarter valued at approximately $29,000. Quarry LP purchased a new stake in shares of Dillard’s in the third quarter worth approximately $33,000. Global Retirement Partners LLC raised its holdings in shares of Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after buying an additional 63 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Stock Performance

Dillard’s stock opened at $611.26 on Thursday. The company’s 50-day moving average price is $568.65 and its 200-day moving average price is $589.43. Dillard’s has a twelve month low of $451.80 and a twelve month high of $741.97. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The company has a market cap of $9.55 billion, a PE ratio of 14.53 and a beta of 1.15.

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

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s payout ratio is 2.85%.

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.