Dillard’s, Inc. (NYSE:DDS) Given Average Recommendation of “Hold” by Brokerages

Shares of Dillard’s, Inc. (NYSE:DDS) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $521.3333.

Several analysts have weighed in on the stock. Weiss Ratings upgraded shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Telsey Advisory Group lowered their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research note on Wednesday, February 25th. UBS Group boosted their target price on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th.

Dillard’s Stock Down 0.6%

Shares of Dillard’s stock opened at $608.19 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.50 billion, a P/E ratio of 14.46 and a beta of 1.16. Dillard’s has a fifty-two week low of $394.70 and a fifty-two week high of $741.97. The business has a 50-day moving average price of $579.47 and a 200 day moving average price of $616.48.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating the consensus estimate of $10.13 by $5.91. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.Dillard’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $10.39 earnings per share. On average, sell-side analysts forecast that Dillard’s will post 35.26 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio is 2.85%.

Insider Activity at Dillard’s

In other news, Director J C. Watts, Jr. sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the transaction, the director directly owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 34.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

Institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after purchasing an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Dillard’s during the fourth quarter worth about $29,000. Quarry LP bought a new position in shares of Dillard’s during the third quarter worth about $33,000. EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after acquiring an additional 63 shares during the last quarter. 67.15% of the stock is owned by institutional investors.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.