Dillard’s (NYSE:DDS) Price Target Cut to $37.00

Dillard’s (NYSE:DDS) had its price objective trimmed by JPMorgan Chase & Co. from $54.00 to $37.00 in a research report released on Friday morning, The Fly reports. The firm currently has an underweight rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. TheStreet cut shares of Dillard’s from a b rating to a c rating in a report on Thursday, May 16th. Deutsche Bank cut their price target on shares of Dillard’s from $56.00 to $53.00 and set a sell rating on the stock in a report on Thursday, May 16th. ValuEngine cut shares of Dillard’s from a hold rating to a sell rating in a report on Friday. Wedbush reiterated a neutral rating and set a $56.00 price target (down previously from $62.00) on shares of Dillard’s in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Dillard’s from a sell rating to a hold rating in a report on Friday, May 17th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of Sell and an average price target of $57.17.

DDS traded down $1.28 during midday trading on Friday, reaching $55.31. The company’s stock had a trading volume of 2,022,400 shares, compared to its average volume of 568,183. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.24 and a beta of 1.03. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.35. Dillard’s has a 1 year low of $47.95 and a 1 year high of $86.71. The stock’s 50-day moving average is $67.15 and its 200-day moving average is $66.84.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($1.74) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.97). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. Dillard’s’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) EPS. As a group, equities research analysts forecast that Dillard’s will post 4.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, June 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Thursday, June 27th. Dillard’s’s payout ratio is 6.54%.

In related news, Director Robert C. Connor bought 800 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $56.86 per share, for a total transaction of $45,488.00. Following the completion of the acquisition, the director now owns 70,200 shares of the company’s stock, valued at approximately $3,991,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Tony J. Bolte sold 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total transaction of $154,704.00. Following the completion of the sale, the vice president now owns 1,840 shares in the company, valued at approximately $118,606.40. The disclosure for this sale can be found here. Corporate insiders own 20.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of DDS. Norges Bank acquired a new stake in shares of Dillard’s in the 4th quarter valued at about $23,247,000. Investors Research Corp acquired a new stake in shares of Dillard’s in the 1st quarter valued at about $79,000. BNP Paribas Arbitrage SA grew its stake in shares of Dillard’s by 31.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,860 shares of the company’s stock valued at $638,000 after buying an additional 2,119 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in shares of Dillard’s in the 1st quarter valued at about $432,000. Finally, New Amsterdam Partners LLC NY acquired a new stake in shares of Dillard’s in the 1st quarter valued at about $1,219,000. Institutional investors own 88.63% of the company’s stock.

About Dillard’s

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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Analyst Recommendations for Dillard`s (NYSE:DDS)

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