Brokerages Set Dillard’s, Inc. (NYSE:DDS) PT at $394.33

Dillard’s, Inc. (NYSE:DDS) has earned a consensus rating of “Reduce” from the five research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $394.3333.

Several equities research analysts have recently issued reports on DDS shares. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group raised their price objective on shares of Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a report on Friday, August 15th. Telsey Advisory Group boosted their target price on shares of Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research note on Monday, July 28th.

Insider Buying and Selling

In other Dillard’s news, Director J C. Watts, Jr. sold 750 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $594.60, for a total transaction of $445,950.00. Following the completion of the transaction, the director owned 10,250 shares in the company, valued at $6,094,650. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DDS. PNC Financial Services Group Inc. raised its holdings in Dillard’s by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $35,000 after acquiring an additional 38 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. GAMMA Investing LLC lifted its holdings in Dillard’s by 220.7% during the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock worth $39,000 after purchasing an additional 64 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $50,000 after purchasing an additional 73 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in Dillard’s during the 3rd quarter valued at about $52,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Down 2.4%

DDS opened at $596.54 on Tuesday. Dillard’s has a fifty-two week low of $282.24 and a fifty-two week high of $637.73. The firm has a market capitalization of $9.33 billion, a P/E ratio of 16.45 and a beta of 1.09. The company’s 50-day moving average is $589.57 and its 200 day moving average is $477.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.41.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, August 14th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard’s had a net margin of 8.87% and a return on equity of 30.55%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $11.09 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts expect that Dillard’s will post 33.25 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

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

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.