Dillard’s, Inc. (NYSE:DDS) Stock Has Consensus Price Target of $545.67 According to Brokerages

by · The Markets Daily

Dillard’s, Inc. (NYSE:DDS – Get Free Report) has been assigned an average rating of “Reduce” from the five research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $545.67.

Several equities research analysts have recently weighed in on DDS shares. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. UBS Group boosted their price objective on Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a report on Monday, August 17th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings downgraded Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. increased their target price on Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research note on Monday, August 17th.

Read Our Latest Analysis on DDS

Dillard’s Stock Up 2.3%

Shares of DDS opened at $670.22 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $639.56 and a 200 day moving average of $596.04. The company has a market cap of $10.47 billion, a PE ratio of 16.11 and a beta of 1.11. Dillard’s has a 52-week low of $503.06 and a 52-week high of $741.97.

Dillard’s (NYSE:DDS – Get Free Report) last announced its 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. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. On average, sell-side analysts expect that Dillard’s will post 35.50 EPS for the current year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Dillard’s’s payout ratio is 2.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DDS. Virtu Financial LLC raised its position in Dillard’s by 1.1% during the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after purchasing an additional 17 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Dillard’s by 17.8% in the 3rd quarter. GAMMA Investing LLC now owns 126 shares of the company’s stock worth $84,000 after buying an additional 19 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after buying an additional 25 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Dillard’s by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock worth $225,000 after buying an additional 25 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 29.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $81,000 after buying an additional 32 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

(Get Free Report)

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.

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