Dillard's Receives Neutral Rating from Zacks (DDS)
Dillard's (NYSE:DDS)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Friday. They currently have a $121.00 target price on the stock. Zacks‘s price objective indicates a potential upside of 5.36% from the company’s current price.
Zacks’ analyst wrote, “Dillard’s continues with its efforts to capitalize on growth opportunities in its brick and mortar stores and e-Commerce business which will help it retain existing customers while attracting new ones. We expect the company’s top and bottom lines to gain from its focus on increasing productivity at existing stores, developing a leading omni-channel platform and enhancing its domestic operations in the years ahead. However, we remain skeptical about the company’s near-term performance as its lower-than-expected second-quarter fiscal 2014 results were a letdown. Further, the company’s outlook for the fiscal year failed to give solace to investors. We are also apprehensive about soft economic recovery and intense competition that may prove to be hurdles. Therefore, we reiterate our long-term Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on DDS. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Dillard's in a research note on Monday, August 18th. They now have a $128.00 price target on the stock. Separately, analysts at Buckingham Research downgraded shares of Dillard's from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $130.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $114.14.
Shares of Dillard's (NYSE:DDS) traded down 0.29% on Friday, hitting $114.51. 238,203 shares of the company’s stock traded hands. Dillard's has a 52-week low of $75.61 and a 52-week high of $125.17. The stock’s 50-day moving average is $117.3 and its 200-day moving average is $104.8. The company has a market cap of $4.947 billion and a price-to-earnings ratio of 15.98.
Dillard's (NYSE:DDS) last announced its earnings results on Friday, August 15th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.06. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that Dillard's will post $7.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Friday, September 26th.
Dillard’s, Inc (NYSE:DDS) is a fashion apparel, cosmetics and home furnishing retailer.
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