Dillard’s Inc. (NYSE:DDS) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $66.39.
DDS has been the topic of several recent research reports. Bank of America Corp. reiterated a “sell” rating and set a $55.00 price objective on shares of Dillard’s in a research report on Friday, August 12th. Credit Suisse Group AG upgraded Dillard’s from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $63.00 to $70.00 in a research report on Wednesday, September 28th. Telsey Advisory Group increased their price objective on Dillard’s from $62.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research upgraded Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Wednesday, July 13th.
Dillard’s (NYSE:DDS) opened at 63.01 on Friday. Dillard’s has a 12 month low of $54.37 and a 12 month high of $94.12. The company’s 50-day moving average is $61.82 and its 200 day moving average is $65.64. The firm has a market cap of $2.16 billion, a P/E ratio of 10.41 and a beta of 1.15.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Dillard’s had a return on equity of 11.74% and a net margin of 3.31%. The business earned $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Equities research analysts expect that Dillard’s will post $5.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Wednesday, September 28th. Dillard’s’s payout ratio is currently 4.65%.
Several hedge funds and other institutional investors have recently modified their holdings of DDS. Panagora Asset Management Inc. raised its stake in Dillard’s by 1.8% in the first quarter. Panagora Asset Management Inc. now owns 209,686 shares of the company’s stock valued at $17,804,000 after buying an additional 3,619 shares during the period. BlackRock Group LTD raised its stake in Dillard’s by 32.6% in the first quarter. BlackRock Group LTD now owns 18,149 shares of the company’s stock valued at $1,541,000 after buying an additional 4,462 shares during the period. First Eagle Investment Management LLC acquired a new stake in Dillard’s during the second quarter valued at $2,782,000. BlackRock Inc. raised its stake in Dillard’s by 186.8% in the first quarter. BlackRock Inc. now owns 3,531 shares of the company’s stock valued at $300,000 after buying an additional 2,300 shares during the period. Finally, California Public Employees Retirement System raised its stake in Dillard’s by 9.9% in the second quarter. California Public Employees Retirement System now owns 103,700 shares of the company’s stock valued at $6,284,000 after buying an additional 9,300 shares during the period. 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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