Analysts Set Dillard’s, Inc. (NYSE:DDS) Target Price at $521.33

Dillard’s, Inc. (NYSE:DDS) has received an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $521.3333.

A number of research firms have recently commented on DDS. Weiss Ratings raised shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their price target on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th.

Insider Activity

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the sale, the director owned 10,150 shares in the company, valued at $6,183,177. The trade was a 3.79% 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. Company insiders own 34.80% of the company’s stock.

Institutional Trading of Dillard’s

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after acquiring an additional 25 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Dillard’s during the fourth quarter valued at $29,000. Quarry LP acquired a new position in shares of Dillard’s during the third quarter valued at $33,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares during the period. Institutional investors own 67.15% of the company’s stock.

Dillard’s Trading Down 0.7%

NYSE DDS opened at $609.92 on Wednesday. The company’s fifty day simple moving average is $581.59 and its 200-day simple moving average is $616.38. Dillard’s has a 52 week low of $396.98 and a 52 week high of $741.97. The company has a current ratio of 2.37, a quick ratio of 1.31 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.53 billion, a P/E ratio of 14.50 and a beta of 1.16.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company posted $10.39 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts predict that Dillard’s will post 35.26 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s payout ratio is 2.85%.

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.