Dillard’s, Inc. (NYSE:DDS) Given Average Rating of “Reduce” by Brokerages

Dillard’s, Inc. (NYSE:DDS) has earned a consensus rating of “Reduce” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $545.6667.

Several research firms have weighed in on DDS. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings lowered shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. UBS Group increased their target price on Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. JPMorgan Chase & Co. boosted their price target on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a report on Monday, August 17th. Finally, Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Dillard’s Trading Down 1.6%

Shares of NYSE DDS opened at $620.87 on Monday. Dillard’s has a 1-year low of $503.06 and a 1-year high of $741.97. The company has a 50-day moving average of $579.20 and a two-hundred day moving average of $586.53. The company has a market cap of $9.70 billion, a PE ratio of 14.22 and a beta of 1.15. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16.

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. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%.The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. As a group, equities analysts expect that Dillard’s will post 36.37 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be given 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%.

Insider Buying and Selling at Dillard’s

In related 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 transaction, the director directly owned 10,150 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dillard’s

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in Dillard’s by 322.9% during the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after purchasing an additional 2,680 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after buying an additional 73 shares in the last quarter. Millennium Management LLC increased its position in Dillard’s by 18.3% during the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after buying an additional 6,913 shares during the period. Goldman Sachs Group Inc. increased its position in Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after buying an additional 28,468 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Dillard’s during the first quarter worth $3,746,000. 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.