Dillard’s, Inc. (DDS) Given Average Rating of “Hold” by Analysts
Dillard’s, Inc. (NYSE:DDS) has been given an average rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.60.
A number of analysts have recently weighed in on the company. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. J P Morgan Chase & Co reiterated an “underweight” rating and set a $36.00 price target (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG increased their price target on Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th.
Dillard’s (NYSE DDS) traded down 1.52% on Wednesday, reaching $53.27. The company’s stock had a trading volume of 388,423 shares. Dillard’s has a 52 week low of $45.51 and a 52 week high of $83.44. The firm’s 50 day moving average price is $57.57 and its 200-day moving average price is $56.59. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.20 and a beta of 1.12.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities analysts predict that Dillard’s will post $3.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. Dillard’s’s dividend payout ratio is presently 10.18%.
In related news, Director J C. Watts, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total value of $27,135.00. Following the sale, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.63% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. QS Investors LLC increased its position in Dillard’s by 0.7% in the 2nd quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after acquiring an additional 12 shares during the period. LS Investment Advisors LLC increased its position in Dillard’s by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after acquiring an additional 281 shares during the period. Victory Capital Management Inc. increased its position in Dillard’s by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after acquiring an additional 325 shares during the period. Segantii Capital Management Ltd acquired a new stake in Dillard’s in the 1st quarter valued at approximately $125,000. Finally, Advantus Capital Management Inc acquired a new stake in Dillard’s in the 1st quarter valued at approximately $169,000. Hedge funds and other institutional investors own 94.46% 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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