Telsey Advisory Group Cuts Dillard’s (NYSE:DDS) Price Target to $650.00

Dillard’s (NYSE:DDS) had its price target cut by Telsey Advisory Group from $700.00 to $650.00 in a research report report published on Wednesday, MarketBeat reports. They currently have a market perform rating on the stock.

Several other brokerages have also recently weighed in on DDS. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. UBS Group raised their price target on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research report on Friday, November 28th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a research note on Tuesday, November 25th. Finally, Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $519.67.

Dillard’s Price Performance

DDS stock opened at $604.62 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 2.65. The business has a 50-day simple moving average of $640.77 and a two-hundred day simple moving average of $617.16. The company has a market capitalization of $9.46 billion, a P/E ratio of 16.61 and a beta of 1.27. Dillard’s has a 52-week low of $282.24 and a 52-week high of $741.97.

Dillard’s (NYSE:DDS) last posted its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating analysts’ consensus estimates of $9.98 by $3.07. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $13.48 earnings per share. Research analysts expect that Dillard’s will post 33.25 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is presently 3.30%.

Institutional Trading of Dillard’s

Large investors have recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Dillard’s in the fourth quarter valued at $29,000. Quarry LP bought a new stake in Dillard’s in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 79 shares during the last quarter. Global Retirement Partners LLC boosted its position in Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

About Dillard’s

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.