Dillard’s, Inc. (NYSE:DDS – Get Free Report) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $521.3333.
DDS has been the topic of a number of analyst reports. Telsey Advisory Group dropped their price objective on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. UBS Group lifted their price objective 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, JPMorgan Chase & Co. dropped their target price on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th.
Read Our Latest Research Report on DDS
Dillard’s Trading Down 0.6%
Dillard’s (NYSE:DDS – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating the consensus estimate of $10.13 by $5.91. The company had revenue of $1.59 billion for 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%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $10.39 earnings per share. Research analysts predict that Dillard’s will post 35.26 earnings per share for the current fiscal year.
Dillard’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s payout ratio is presently 2.85%.
Insider Activity
In other news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the sale, the director directly owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 34.80% of the company’s stock.
Institutional Trading of Dillard’s
A number of hedge funds and other institutional investors have recently made changes to their positions in DDS. Rockefeller Capital Management L.P. increased its stake in shares of Dillard’s by 108.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Dillard’s in the fourth quarter worth $29,000. Quarry LP bought a new stake in shares of Dillard’s in the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after buying an additional 63 shares during the last quarter. Institutional investors own 67.15% of the company’s stock.
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.
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