Dillard’s, Inc. (NYSE:DDS) Receives Average Rating of “Hold” from Brokerages

Dillard’s, Inc. (NYSE:DDS) has been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $56.80.

A number of analysts have recently weighed in on DDS shares. Deutsche Bank dropped their price target on Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday, August 19th. Telsey Advisory Group raised their target price on Dillard’s from $58.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday. ValuEngine cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. Finally, Wedbush raised their target price on Dillard’s from $56.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday.

In related news, Director H. Lee Hastings III sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $72.20, for a total value of $216,600.00. Following the sale, the director now directly owns 14,312 shares in the company, valued at approximately $1,033,326.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DDS. AQR Capital Management LLC increased its position in Dillard’s by 25.9% in the 2nd quarter. AQR Capital Management LLC now owns 964,736 shares of the company’s stock valued at $60,007,000 after acquiring an additional 198,186 shares during the period. Newport Trust Co increased its position in shares of Dillard’s by 1.1% during the 2nd quarter. Newport Trust Co now owns 7,305,792 shares of the company’s stock valued at $455,005,000 after purchasing an additional 78,952 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Dillard’s during the 2nd quarter valued at $2,564,000. SG Americas Securities LLC increased its position in shares of Dillard’s by 2,266.4% during the 3rd quarter. SG Americas Securities LLC now owns 41,365 shares of the company’s stock valued at $2,735,000 after purchasing an additional 39,617 shares during the period. Finally, Invesco Ltd. increased its position in shares of Dillard’s by 29.8% during the 2nd quarter. Invesco Ltd. now owns 168,736 shares of the company’s stock valued at $10,508,000 after purchasing an additional 38,785 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Shares of Dillard’s stock opened at $77.45 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 0.26 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $70.50 and its 200-day simple moving average is $64.44. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 12.66 and a beta of 1.15. Dillard’s has a twelve month low of $47.95 and a twelve month high of $86.71.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.37. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Dillard’s had a return on equity of 7.06% and a net margin of 2.03%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. Sell-side analysts predict that Dillard’s will post 3.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Monday, September 30th were given a $0.15 dividend. This is a boost from Dillard’s’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, September 27th. Dillard’s’s dividend payout ratio (DPR) is currently 9.80%.

Dillard’s Company Profile

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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