Dillard’s (NYSE:DDS) Price Target Raised to $519.00

Dillard’s (NYSE:DDS) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $496.00 to $519.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 10.60% from the company’s current price.

Several other research analysts have also commented on DDS. Weiss Ratings cut shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research report on Monday. Finally, Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Dillard’s presently has a consensus rating of “Reduce” and an average price target of $545.67.

Dillard’s Price Performance

Dillard’s stock traded up $19.64 during midday trading on Monday, hitting $580.51. 61,875 shares of the company’s stock were exchanged, compared to its average volume of 127,476. The company has a market cap of $9.07 billion, a P/E ratio of 13.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03. The stock has a 50-day moving average price of $572.30 and a two-hundred day moving average price of $587.14. Dillard’s has a 52-week low of $495.00 and a 52-week high of $741.97.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating the consensus estimate of $4.29 by $1.96. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. On average, equities research analysts forecast that Dillard’s will post 35.26 earnings per share for the current year.

Insider Activity

In other news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the transaction, the director directly owned 10,150 shares in the company, valued at approximately $6,183,177. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 34.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

A number of large investors have recently modified their holdings of DDS. Farther Finance Advisors LLC increased its stake in shares of Dillard’s by 9.1% during the fourth quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Dillard’s by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock valued at $67,000 after buying an additional 16 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Dillard’s by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after acquiring an additional 16 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Dillard’s by 4.2% in the fourth quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock worth $242,000 after acquiring an additional 16 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in shares of Dillard’s by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock worth $981,000 after acquiring an additional 17 shares during the last quarter. 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.