Dillard’s, Inc. (DDS) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Dillard’s, Inc. (NYSE:DDS) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $73.17.
DDS has been the subject of several recent research reports. Zacks Investment Research cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wedbush initiated coverage on shares of Dillard’s in a report on Wednesday, August 8th. They set an “outperform” rating and a $95.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Dillard’s to $60.00 and gave the stock an “underweight” rating in a report on Thursday, August 16th.
Shares of Dillard’s stock traded down $1.33 during trading on Monday, hitting $68.26. 349,465 shares of the company’s stock were exchanged, compared to its average volume of 381,269. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 0.23. Dillard’s has a 52-week low of $49.91 and a 52-week high of $98.75. The stock has a market cap of $1.91 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Friday, September 28th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. Dillard’s’s payout ratio is 8.33%.
In related news, Director Robert C. Connor bought 1,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was acquired at an average price of $75.42 per share, with a total value of $75,420.00. Following the completion of the purchase, the director now directly owns 68,000 shares of the company’s stock, valued at $5,128,560. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Warren A. Stephens bought 10,000 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were bought at an average cost of $76.41 per share, with a total value of $764,100.00. The disclosure for this purchase can be found here. 19.10% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Dillard’s by 8.6% during the second quarter. BlackRock Inc. now owns 2,082,876 shares of the company’s stock worth $196,832,000 after purchasing an additional 164,561 shares in the last quarter. Northern Trust Corp increased its stake in shares of Dillard’s by 1.3% during the second quarter. Northern Trust Corp now owns 252,623 shares of the company’s stock worth $23,872,000 after purchasing an additional 3,182 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Dillard’s during the third quarter worth about $9,943,000. WINTON GROUP Ltd acquired a new position in Dillard’s during the first quarter worth about $6,075,000. Finally, Renaissance Technologies LLC acquired a new position in Dillard’s during the second quarter worth about $6,076,000. 87.57% of the stock is owned by institutional investors and hedge funds.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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