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

Shares of Dillard’s, Inc. (NYSE:DDS) have been given an average recommendation of “Reduce” by the five brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $521.3333.

A number of analysts have weighed in on DDS shares. JPMorgan Chase & Co. lowered their price target 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. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. UBS Group increased their target price on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Telsey Advisory Group decreased their target price on Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a report on Wednesday, February 25th. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th.

Dillard’s Stock Performance

Shares of NYSE:DDS opened at $560.74 on Friday. The business’s fifty day moving average price is $574.72 and its two-hundred day moving average price is $617.74. Dillard’s has a fifty-two week low of $386.85 and a fifty-two week high of $741.97. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business posted $10.39 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that Dillard’s will post 33.2 EPS for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 31st. Dillard’s’s dividend payout ratio is presently 2.85%.

Institutional Trading of Dillard’s

Several large investors have recently made changes to their positions in the business. GKV Capital Management Co. Inc. bought a new stake in shares of Dillard’s during the first quarter worth $114,000. Edgestream Partners L.P. grew its holdings in shares of Dillard’s by 81.8% during the first quarter. Edgestream Partners L.P. now owns 10,766 shares of the company’s stock worth $6,159,000 after purchasing an additional 4,844 shares during the last quarter. Amundi bought a new stake in shares of Dillard’s during the first quarter worth $238,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dillard’s by 29.1% during the first quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $81,000 after purchasing an additional 32 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Dillard’s by 27.6% in the first quarter. California State Teachers Retirement System now owns 4,141 shares of the company’s stock valued at $2,369,000 after acquiring an additional 896 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.