Dillard’s, Inc. (DDS) Given Average Rating of “Hold” by Brokerages
Shares of Dillard’s, Inc. (NYSE:DDS) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $52.60.
Several brokerages have recently issued reports on DDS. BidaskClub upgraded Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Deutsche Bank AG lifted their price target on Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co restated an “underweight” rating and issued a $36.00 target price (down from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Finally, ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th.
Dillard’s (NYSE DDS) traded down 0.97% on Tuesday, reaching $57.17. 1,023,750 shares of the company traded hands. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 14.16 and a beta of 1.12. The firm has a 50 day moving average price of $64.44 and a 200 day moving average price of $55.97. Dillard’s has a 52-week low of $45.51 and a 52-week high of $83.44.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.77. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.76%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Equities research analysts predict that Dillard’s will post $3.85 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.28 annualized dividend and a yield of 0.49%. Dillard’s’s dividend payout ratio (DPR) is currently 7.12%.
In related news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.63% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DDS. QS Investors LLC raised its stake in Dillard’s by 0.7% in the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after buying an additional 12 shares during the period. Aperio Group LLC raised its stake in Dillard’s by 0.5% in the second quarter. Aperio Group LLC now owns 14,433 shares of the company’s stock valued at $833,000 after buying an additional 74 shares during the period. Wedge Capital Management L L P NC raised its stake in Dillard’s by 3.3% in the second quarter. Wedge Capital Management L L P NC now owns 6,857 shares of the company’s stock valued at $396,000 after buying an additional 216 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Dillard’s by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 23,342 shares of the company’s stock valued at $1,219,000 after buying an additional 234 shares during the period. Finally, LS Investment Advisors LLC raised its stake in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 90.72% of the company’s stock.
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Dillard’s Company Profile
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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