Analysts Set Dillard’s, Inc. (NYSE:DDS) Target Price at $521.33

Shares of Dillard’s, Inc. (NYSE:DDS) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $521.3333.

A number of brokerages have commented on DDS. Weiss Ratings upgraded shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday. Telsey Advisory Group dropped their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th.

Insider Activity

In other news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 10,150 shares in the company, valued at approximately $6,183,177. This trade 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 is accessible through this link. Corporate insiders own 34.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

A number of hedge funds and other institutional investors have recently modified their holdings of DDS. Royal Bank of Canada boosted its stake in shares of Dillard’s by 322.9% during the first quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock valued at $1,257,000 after purchasing an additional 2,680 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Dillard’s by 18.3% during the first quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock valued at $16,009,000 after purchasing an additional 6,913 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Dillard’s by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after purchasing an additional 28,468 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Dillard’s during the first quarter valued at approximately $3,746,000. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Stock Performance

Shares of NYSE:DDS opened at $551.81 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 13.12 and a beta of 1.16. The firm’s 50-day moving average is $581.04 and its 200 day moving average is $614.85. Dillard’s has a 12 month low of $396.98 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.39 EPS. Research analysts predict that Dillard’s will post 35.26 EPS for the current year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

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.