Dillard’s, Inc. (DDS) Price Target Cut to $39.00

Dillard’s, Inc. (NYSE:DDS) had its target price decreased by stock analysts at Deutsche Bank AG from $41.00 to $39.00 in a research report issued on Friday, May 12th. The firm presently has a “sell” rating on the stock. Deutsche Bank AG’s target price indicates a potential downside of 29.84% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Telsey Advisory Group lowered their price target on shares of Dillard’s from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 22nd. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Wednesday, February 8th. Finally, Susquehanna Bancshares Inc started coverage on shares of Dillard’s in a research report on Friday, February 10th. They issued a “neutral” rating and a $60.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.67.

Analyst Recommendations for Dillard`s (NYSE:DDS)

Shares of Dillard’s (NYSE:DDS) traded down 0.16% during midday trading on Friday, hitting $55.59. The company’s stock had a trading volume of 979,345 shares. Dillard’s has a 52-week low of $45.51 and a 52-week high of $77.70. The stock’s 50 day moving average is $52.54 and its 200-day moving average is $56.03. The firm has a market cap of $1.62 billion, a P/E ratio of 11.68 and a beta of 1.03.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 EPS. Equities analysts predict that Dillard’s will post $4.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.50%. Dillard’s’s payout ratio is 5.76%.

TRADEMARK VIOLATION WARNING: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/06/17/dillards-inc-dds-pt-lowered-to-39-00-at-deutsche-bank-ag-updated-updated-updated.html.

In other news, major shareholder David Einhorn sold 35,125 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.27% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd acquired a new stake in Dillard’s during the first quarter valued at approximately $125,000. Advantus Capital Management Inc purchased a new stake in shares of Dillard’s during the first quarter worth about $169,000. Weiss Asset Management LP purchased a new stake in shares of Dillard’s during the third quarter worth about $239,000. Bank of Montreal Can increased its stake in shares of Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock worth $215,000 after buying an additional 708 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Dillard’s during the first quarter worth about $228,000. 85.98% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.

What are top analysts saying about Dillard's Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dillard's Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit