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

Shares of Dillard’s, Inc. (NYSE:DDS) have been assigned an average rating of “Reduce” from the five analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $545.6667.

A number of research firms recently commented on DDS. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a report on Monday, August 17th. Weiss Ratings cut shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, UBS Group upped their target price on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a research report on Monday, August 17th.

Dillard’s Price Performance

NYSE:DDS opened at $635.25 on Friday. The business’s 50-day simple moving average is $606.05 and its two-hundred day simple moving average is $586.45. Dillard’s has a 52 week low of $503.06 and a 52 week high of $741.97. The stock has a market cap of $9.92 billion, a PE ratio of 14.55 and a beta of 1.15. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $1.96. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. As a group, analysts forecast that Dillard’s will post 35.5 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s payout ratio is presently 2.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DDS. Nykredit A S purchased a new position in Dillard’s in the second quarter worth about $26,000. Rockefeller Capital Management L.P. increased its stake in Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after acquiring an additional 25 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Dillard’s by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock valued at $67,000 after purchasing an additional 16 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Dillard’s during the second quarter valued at approximately $69,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Dillard’s in the 1st quarter valued at approximately $80,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard’s also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.