BidaskClub lowered shares of Dillard’s, Inc. (NYSE:DDS) from a buy rating to a hold rating in a report issued on Wednesday morning.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Dillard’s from a sell rating to a hold rating in a research note on Monday, May 15th. Telsey Advisory Group cut their target price on shares of Dillard’s from $65.00 to $55.00 and set a market perform rating for the company in a research note on Wednesday, February 22nd. Deutsche Bank AG cut their target price on shares of Dillard’s from $41.00 to $39.00 and set a sell rating for the company in a research note on Friday, May 12th. Finally, ValuEngine cut shares of Dillard’s from a buy rating to a hold rating in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Dillard’s presently has a consensus rating of Hold and a consensus target price of $58.67.
Dillard’s (DDS) opened at 53.69 on Wednesday. Dillard’s has a 52-week low of $45.51 and a 52-week high of $77.70. The stock’s 50 day moving average is $52.45 and its 200-day moving average is $55.54. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.28 and a beta of 1.03.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 11th. The company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The company’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $2.17 EPS. Equities research analysts anticipate that Dillard’s will post $4.72 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.28 annualized dividend and a yield of 0.51%. Dillard’s’s payout ratio is 5.76%.
In related news, major shareholder David Einhorn sold 35,125 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.63% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DDS. Segantii Capital Management Ltd bought a new position in Dillard’s during the first quarter valued at $125,000. Advantus Capital Management Inc bought a new position in Dillard’s during the first quarter valued at $169,000. Bank of Montreal Can boosted its position in Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after buying an additional 708 shares during the last quarter. Northwestern Mutual Investment Management Company LLC bought a new position in Dillard’s during the first quarter valued at $228,000. Finally, Profund Advisors LLC bought a new position in Dillard’s during the first quarter valued at $236,000. 92.48% of the stock is owned by institutional investors.
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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