BidaskClub cut shares of Dillard’s, Inc. (NYSE:DDS) from a buy rating to a hold rating in a research note published on Tuesday, July 11th.
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG decreased their price objective on Dillard’s from $41.00 to $39.00 and set a sell rating for the company in a report on Friday, May 12th. ValuEngine downgraded Dillard’s from a buy rating to a hold rating in a report on Wednesday, May 17th. Finally, Zacks Investment Research upgraded Dillard’s from a sell rating to a hold rating in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $59.17.
Dillard’s (NYSE:DDS) traded down 1.33% during mid-day trading on Tuesday, reaching $73.62. 494,932 shares of the company traded hands. Dillard’s has a 12-month low of $45.51 and a 12-month high of $83.44. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 15.47 and a beta of 1.12. The company’s 50-day moving average is $62.11 and its 200-day moving average is $55.55.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, May 11th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. Dillard’s had a return on equity of 9.39% and a net margin of 2.50%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 earnings per share. Equities analysts predict that Dillard’s will post $4.79 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Dillard’s’s dividend payout ratio (DPR) is 5.76%.
In other news, major shareholder David Einhorn sold 35,125 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 26.63% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its stake in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after buying an additional 281 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Dillard’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock worth $125,000 after buying an additional 325 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in Dillard’s during the first quarter worth approximately $125,000. Advantus Capital Management Inc bought a new stake in Dillard’s during the first quarter worth approximately $169,000. Finally, Bank of Montreal Can boosted its stake in Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock worth $215,000 after buying an additional 708 shares in the last quarter. 93.36% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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