Dillard’s, Inc. (NYSE:DDS) Receives Consensus Rating of “Hold” from Analysts

Shares of Dillard’s, Inc. (NYSE:DDS) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $521.3333.

Several research firms have commented on DDS. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Weiss Ratings downgraded shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. UBS Group increased their price target on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th.

Dillard’s Stock Down 0.2%

DDS stock opened at $546.13 on Friday. The company has a market cap of $8.53 billion, a PE ratio of 12.98 and a beta of 1.15. The business has a 50-day simple moving average of $569.92 and a 200 day simple moving average of $603.08. Dillard’s has a 52 week low of $424.86 and a 52 week high of $741.97. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping the consensus estimate of $10.13 by $5.91. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. Dillard’s’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.39 earnings per share. Sell-side analysts anticipate that Dillard’s will post 35.26 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

Insider Activity

In other news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the transaction, the director owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. The trade was a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 34.80% of the company’s stock.

Institutional Trading of Dillard’s

Large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Dillard’s by 322.9% during the first quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after acquiring an additional 2,680 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 in the last quarter. Millennium Management LLC boosted its stake in shares of Dillard’s by 18.3% in the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock valued at $16,009,000 after purchasing an additional 6,913 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Dillard’s by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after purchasing an additional 28,468 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Dillard’s during the 1st quarter valued at approximately $3,746,000. 67.15% of the stock is owned by institutional investors and hedge funds.

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.