Dillard’s, Inc. (DDS) PT Raised to $42.00
Dillard’s, Inc. (NYSE:DDS) had its price objective boosted by investment analysts at Deutsche Bank AG from $39.00 to $42.00 in a report released on Tuesday. The firm presently has a “sell” rating on the stock. Deutsche Bank AG’s price target suggests a potential downside of 43.71% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. ValuEngine downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, Zacks Investment Research raised shares of 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 assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.17.
Shares of Dillard’s (DDS) traded up 0.68% during mid-day trading on Tuesday, reaching $75.12. 72,005 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $60.62 and its 200 day moving average price is $55.18. The company has a market cap of $2.19 billion, a PE ratio of 15.79 and a beta of 1.12. Dillard’s has a 52-week low of $45.51 and a 52-week high of $83.44.
Dillard’s (NYSE:DDS) last posted its quarterly earnings data 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 firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 EPS. On average, equities research analysts predict that Dillard’s will post $4.79 EPS for the current year.
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In related news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.63% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Royce & Associates LP increased its position in shares of Dillard’s by 41.8% in the second quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock worth $8,047,000 after buying an additional 41,098 shares during the period. Victory Capital Management Inc. increased its position in shares of 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 during the period. Virginia Retirement Systems ET AL increased its position in shares of Dillard’s by 62.9% in the second quarter. Virginia Retirement Systems ET AL now owns 27,700 shares of the company’s stock worth $1,598,000 after buying an additional 10,700 shares during the period. KBC Group NV increased its position in shares of Dillard’s by 1,328.8% in the second quarter. KBC Group NV now owns 38,877 shares of the company’s stock worth $2,243,000 after buying an additional 36,156 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Dillard’s by 35.3% in the second quarter. BNP Paribas Arbitrage SA now owns 19,096 shares of the company’s stock worth $1,102,000 after buying an additional 4,983 shares during the period. 93.36% of the stock is currently owned by 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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