Dillard’s (NYSE:DDS) Price Target Raised to $519.00

Dillard’s (NYSE:DDS) had its target price raised by JPMorgan Chase & Co. from $496.00 to $519.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. UBS Group increased their price target on Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research report on Monday. Finally, Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Dillard’s presently has an average rating of “Reduce” and a consensus price target of $545.67.

Dillard’s Trading Up 5.3%

Dillard’s stock opened at $615.84 on Monday. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 14.11 and a beta of 1.15. Dillard’s has a 1 year low of $495.00 and a 1 year high of $741.97. The firm’s 50 day moving average price is $571.88 and its two-hundred day moving average price is $586.83. 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) last announced its quarterly earnings data on Thursday, August 13th. The company reported $6.25 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $1.96. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. On average, research analysts predict that Dillard’s will post 35.98 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Tuesday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.75%.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction on Friday, June 5th. The shares were 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 $6,183,177. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 34.80% of the company’s stock.

Institutional Trading of Dillard’s

Several hedge funds and other institutional investors have recently modified their holdings of DDS. 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 buying an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Dillard’s in the 4th quarter worth about $29,000. Quarry LP acquired a new stake in Dillard’s during the 3rd quarter worth about $33,000. Global Retirement Partners LLC boosted its position in Dillard’s by 6,300.0% during the 4th 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 period. Finally, EverSource Wealth Advisors LLC boosted its position in Dillard’s by 790.0% during the 2nd 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 period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Company Profile

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.