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

Shares of Dillard’s, Inc. (NYSE:DDS) have received an average recommendation of “Reduce” from the five analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $394.3333.

Several research firms recently commented on DDS. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their price target on Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Wall Street Zen lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. UBS Group increased their price target on Dillard’s from $170.00 to $175.00 and gave the company a “sell” rating in a research note on Friday, August 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research note on Saturday, September 27th.

Dillard’s Price Performance

Shares of NYSE DDS opened at $612.64 on Friday. Dillard’s has a 1-year low of $282.24 and a 1-year high of $637.73. The business has a 50-day moving average of $549.95 and a 200-day moving average of $446.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.41. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 16.90 and a beta of 1.09.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.79 by $0.87. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $11.09 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Dillard’s will post 33.25 EPS for the current fiscal year.

Dillard’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Dillard’s’s previous quarterly dividend of $0.25. Dillard’s’s dividend payout ratio is 3.31%.

Institutional Investors Weigh In On Dillard’s

Several large investors have recently modified their holdings of DDS. New Vernon Capital Holdings II LLC boosted its stake in shares of Dillard’s by 26,618.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company’s stock worth $66,694,000 after acquiring an additional 185,531 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 acquiring an additional 28,468 shares in the last quarter. Norges Bank bought a new stake in shares of Dillard’s during the 2nd quarter worth $10,238,000. Northern Trust Corp boosted its stake in shares of Dillard’s by 84.1% during the 1st quarter. Northern Trust Corp now owns 46,416 shares of the company’s stock worth $16,623,000 after acquiring an additional 21,199 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Dillard’s during the 1st quarter worth $6,250,000. 67.15% of the stock is owned by institutional investors.

About Dillard’s

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.