Dillard’s, Inc. (DDS) Receives Average Rating of “Hold” from Analysts
Dillard’s, Inc. (NYSE:DDS) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $52.60.
A number of research analysts have recently commented on DDS shares. Deutsche Bank AG dropped their price objective on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a report on Friday, May 12th. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a report on Monday, May 15th. ValuEngine downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. acquired a new stake in shares of Dillard’s in the 2nd quarter valued at about $243,000. Sterling Capital Management LLC acquired a new stake in shares of Dillard’s in the 2nd quarter valued at about $1,008,000. Ameritas Investment Partners Inc. boosted its position in shares of Dillard’s by 4.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,796 shares of the company’s stock valued at $450,000 after purchasing an additional 346 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Dillard’s by 24.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,788 shares of the company’s stock valued at $2,698,000 after purchasing an additional 9,220 shares during the period. Finally, State Street Corp boosted its position in shares of Dillard’s by 9.3% in the 2nd quarter. State Street Corp now owns 800,724 shares of the company’s stock valued at $46,201,000 after purchasing an additional 68,006 shares during the period. 94.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Dillard’s (NYSE DDS) traded down 2.34% during midday trading on Friday, reaching $56.40. The company’s stock had a trading volume of 763,736 shares. The company has a market cap of $1.64 billion, a P/E ratio of 13.97 and a beta of 1.12. Dillard’s has a 12-month low of $45.51 and a 12-month high of $83.44. The stock’s 50-day moving average price is $64.34 and its 200-day moving average price is $56.10.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.77. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Dillard’s will post $3.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Dillard’s’s dividend payout ratio is 7.12%.
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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