Dillard's Reaches New 52-Week High Following Analyst Upgrade (DDS)
Dillard's (NYSE:DDS) hit a new 52-week high during trading on Wednesday after Telsey Advisory Group raised their price target on the stock from $110.00 to $128.00, American Banking News reports. Telsey Advisory Group currently has a not rated rating on the stock. Dillard's traded as high as $120.11 and last traded at $119.54, with a volume of 137,347 shares changing hands. The stock had previously closed at $119.29.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dillard's in a research note on Monday, June 9th. They now have a $125.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Dillard's from $85.00 to $95.00 in a research note on Tuesday, May 20th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Dillard's in a research note on Monday, May 19th. They now have a $105.00 price target on the stock, up previously from $93.00. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $109.31.
The stock has a 50-day moving average of $112.8 and a 200-day moving average of $97.50. The company has a market cap of $5.159 billion and a price-to-earnings ratio of 16.78.
Dillard's (NYSE:DDS) last announced its earnings results on Thursday, May 15th. The company reported $2.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.41 by $0.15. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, analysts predict that Dillard's will post $7.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 4th. Investors of record on Monday, June 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, June 26th.
Dillard’s, Inc (NYSE:DDS) is a fashion apparel, cosmetics and home furnishing retailer.
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