Dillard’s, Inc. (NYSE:DDS) Given Consensus Rating of “Hold” by Brokerages

Shares of Dillard’s, Inc. (NYSE:DDS) have received an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $511.3333.

Several analysts recently issued reports on DDS shares. JPMorgan Chase & Co. upped their price target on shares of Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research note on Friday, November 28th.

Insider Buying and Selling

In other Dillard’s news, Director J C. Watts, Jr. sold 750 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $594.60, for a total transaction of $445,950.00. Following the completion of the sale, the director owned 10,250 shares in the company, valued at $6,094,650. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 34.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in Dillard’s by 31.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,280 shares of the company’s stock worth $10,867,000 after acquiring an additional 4,142 shares during the period. Fox Run Management L.L.C. grew its holdings in shares of Dillard’s by 37.2% during the second quarter. Fox Run Management L.L.C. now owns 2,164 shares of the company’s stock valued at $904,000 after purchasing an additional 587 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Dillard’s by 756.9% during the third quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock valued at $43,554,000 after purchasing an additional 62,608 shares during the last quarter. Abacus FCF Advisors LLC acquired a new stake in shares of Dillard’s during the 3rd quarter worth approximately $5,254,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Dillard’s in the 2nd quarter worth approximately $806,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Trading Down 1.3%

NYSE:DDS opened at $681.50 on Friday. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 18.50 and a beta of 1.20. Dillard’s has a one year low of $282.24 and a one year high of $741.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 2.19. The business’s 50-day simple moving average is $645.07 and its 200 day simple moving average is $572.89.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, November 13th. The company reported $8.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.88. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.Dillard’s’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.73 EPS. As a group, sell-side analysts predict that Dillard’s will post 33.25 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Dillard’s’s dividend payout ratio is currently 3.26%.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.