Dillard’s (NYSE:DDS) had its price target decreased by JPMorgan Chase & Co. from $54.00 to $37.00 in a research note released on Friday morning, The Fly reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.
A number of other equities analysts have also commented on DDS. Deutsche Bank reduced their price target on shares of Dillard’s from $56.00 to $53.00 and set a sell rating on the stock in a research report on Thursday, May 16th. Zacks Investment Research raised shares of Dillard’s from a sell rating to a hold rating in a research note on Friday, May 17th. ValuEngine downgraded shares of Dillard’s from a hold rating to a sell rating in a research note on Friday. Wedbush reaffirmed a neutral rating and issued a $56.00 target price (down from $62.00) on shares of Dillard’s in a research note on Wednesday, August 14th. Finally, TheStreet downgraded shares of Dillard’s from a b rating to a c rating in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Dillard’s has an average rating of Sell and an average target price of $57.17.
NYSE DDS opened at $55.31 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.78 and a quick ratio of 0.22. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 1.20 and a beta of 1.03. The company’s fifty day moving average is $67.15 and its two-hundred day moving average is $66.84. Dillard’s has a 52-week low of $47.95 and a 52-week high of $86.71.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 15th. The company reported ($1.74) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.19%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. Dillard’s’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Dillard’s will post 4.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, June 28th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, June 27th. Dillard’s’s dividend payout ratio is presently 6.54%.
In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $64.46, for a total value of $154,704.00. Following the completion of the transaction, the vice president now directly owns 1,840 shares of the company’s stock, valued at $118,606.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. grew its stake in Dillard’s by 50.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,672 shares of the company’s stock worth $167,000 after buying an additional 897 shares in the last quarter. United Services Automobile Association grew its stake in Dillard’s by 6.9% during the second quarter. United Services Automobile Association now owns 5,940 shares of the company’s stock worth $370,000 after buying an additional 385 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Dillard’s during the second quarter worth about $2,564,000. Jane Street Group LLC grew its stake in Dillard’s by 50.2% during the second quarter. Jane Street Group LLC now owns 7,697 shares of the company’s stock worth $479,000 after buying an additional 2,574 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in Dillard’s by 22.0% during the second quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock worth $75,000 after buying an additional 216 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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