Dillard’s, Inc. (DDS) Given Average Recommendation of “Hold” by Analysts
Shares of Dillard’s, Inc. (NYSE:DDS) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $55.80.
A number of brokerages recently issued reports on DDS. BidaskClub upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Deutsche Bank AG reduced their target price on Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a research note on Friday, May 12th. Finally, Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a research note on Monday, May 15th.
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Shares of Dillard’s (DDS) traded up 6.14% during mid-day trading on Friday, hitting $67.91. The company had a trading volume of 1,964,379 shares. The company has a 50-day moving average price of $55.68 and a 200-day moving average price of $54.27. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.27 and a beta of 1.07. Dillard’s has a 1-year low of $45.51 and a 1-year high of $77.70.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Dillard’s had a return on equity of 9.39% and a net margin of 2.50%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $2.17 EPS. On average, equities analysts anticipate that Dillard’s will post $4.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. Dillard’s’s dividend payout ratio (DPR) is 5.76%.
In other Dillard’s news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.27% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DDS. Guggenheim Capital LLC bought a new position in Dillard’s during the fourth quarter worth $319,000. Norges Bank bought a new position in Dillard’s during the fourth quarter worth $18,711,000. Hudson Bay Capital Management LP bought a new position in Dillard’s during the fourth quarter worth $558,000. Teachers Advisors LLC raised its position in Dillard’s by 56.6% in the fourth quarter. Teachers Advisors LLC now owns 35,799 shares of the company’s stock worth $2,244,000 after buying an additional 12,932 shares during the last quarter. Finally, Bank of Montreal Can raised its position 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 during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
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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