Dillard’s, Inc. (NYSE:DDS) Receives $511.33 Average Price Target from Analysts

Shares of Dillard’s, Inc. (NYSE:DDS) have received an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $511.3333.

Several equities analysts have recently weighed in on DDS shares. JPMorgan Chase & Co. raised their price target on shares of Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 25th. Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group upped their price target on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research report on Friday, November 28th. Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th.

Dillard’s Trading Down 0.3%

Shares of DDS stock opened at $662.98 on Friday. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 18.00 and a beta of 1.20. The stock has a 50 day simple moving average of $651.70 and a 200-day simple moving average of $581.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.00. Dillard’s has a 1-year low of $282.24 and a 1-year high of $741.97.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, November 13th. The company reported $8.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.43 by $1.88. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $7.73 earnings per share. On average, equities research analysts expect that Dillard’s will post 33.25 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s payout ratio is 3.26%.

Institutional Trading of Dillard’s

Several hedge funds have recently made changes to their positions in DDS. Quarry LP purchased a new stake in shares of Dillard’s during the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its stake in Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. GAMMA Investing LLC raised its position in Dillard’s by 220.7% in the second quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 purchasing an additional 73 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of Dillard’s in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors 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.