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.
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%.
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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.
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.
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