Dillard’s Inc. (NYSE:DDS) declared a quarterly dividend on Friday, August 19th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.07 per share on Monday, October 31st. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, September 28th.
Dillard’s (NYSE:DDS) opened at 58.47 on Tuesday. The firm has a market cap of $2.00 billion, a PE ratio of 9.66 and a beta of 1.15. The stock has a 50 day moving average of $62.04 and a 200 day moving average of $66.07. Dillard’s has a one year low of $54.37 and a one year high of $94.12.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company earned $0.75 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Dillard’s will post $5.88 earnings per share for the current year.
Several research firms recently issued reports on DDS. Bank of America Corp. reissued a “sell” rating and issued a $55.00 target price on shares of Dillard’s in a research report on Friday, August 12th. Telsey Advisory Group lifted their price target on shares of Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research raised shares of Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Wednesday, July 13th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Dillard’s presently has a consensus rating of “Hold” and a consensus price target of $65.87.
Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new stake in Dillard’s during the second quarter worth about $159,000. Allianz Asset Management AG raised its stake in Dillard’s by 6.2% in the second quarter. Allianz Asset Management AG now owns 86,069 shares of the company’s stock worth $5,216,000 after buying an additional 5,008 shares in the last quarter. State Street Corp raised its stake in Dillard’s by 2.2% in the second quarter. State Street Corp now owns 365,181 shares of the company’s stock worth $22,125,000 after buying an additional 7,747 shares in the last quarter. Hsbc Holdings PLC raised its stake in Dillard’s by 51.9% in the second quarter. Hsbc Holdings PLC now owns 64,574 shares of the company’s stock worth $3,917,000 after buying an additional 22,065 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in Dillard’s by 30.7% in the second quarter. Teachers Advisors Inc. now owns 56,021 shares of the company’s stock worth $3,395,000 after buying an additional 13,162 shares in the last quarter. Institutional investors own 78.96% of the company’s stock.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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