Dillard’s, Inc. (NYSE:DDS) Stock Rated “Reduce” by Sell-Side Brokerages

Dillard’s, Inc. (NYSE:DDS – Get Free Report) has been given a consensus recommendation of “Reduce” by the five research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $545.67.

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

Check Out Our Latest Research Report on DDS

Institutional Trading of Dillard’s

Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Dillard’s by 18.7% in the 1st quarter. Renaissance Technologies LLC now owns 142,180 shares of the company’s stock valued at $81,343,000 after purchasing an additional 22,400 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in Dillard’s by 10.7% in the 4th quarter. Gotham Asset Management LLC now owns 73,642 shares of the company’s stock valued at $44,652,000 after purchasing an additional 7,123 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Dillard’s by 6.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 65,318 shares of the company’s stock worth $34,515,000 after purchasing an additional 3,907 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Dillard’s by 1,331.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 40,715 shares of the company’s stock worth $23,293,000 after purchasing an additional 37,871 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Dillard’s by 101.3% during the 2nd quarter. Squarepoint Ops LLC now owns 33,581 shares of the company’s stock worth $17,745,000 after purchasing an additional 16,901 shares during the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $663.26 on Tuesday. The company’s fifty day moving average price is $640.55 and its 200 day moving average price is $596.51. Dillard’s has a 1 year low of $503.06 and a 1 year high of $741.97. The company has a market capitalization of $10.36 billion, a PE ratio of 15.19 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03.

Dillard’s (NYSE:DDS – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, beating the consensus estimate of $4.29 by $1.96. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. On average, research analysts predict that Dillard’s will post 35.50 earnings per share for the current year.

Dillard’s Announces Dividend

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

Dillard’s Company Profile

(Get Free Report)

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.

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Analyst Recommendations for Dillard's (NYSE:DDS)

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