Analysts Set Dillard’s, Inc. (NYSE:DDS) PT at $55.80

Shares of Dillard’s, Inc. (NYSE:DDS) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $53.00.

Several research analysts recently weighed in on the company. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday. BidaskClub raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, Deutsche Bank AG dropped their price target on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research report on Friday, May 12th.

In other news, major shareholder David Einhorn sold 35,125 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $51.50, for a total transaction of $1,808,937.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 23.27% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC bought a new position in shares of Dillard’s during the fourth quarter worth approximately $319,000. Norges Bank bought a new position in shares of Dillard’s during the fourth quarter worth approximately $18,711,000. Hudson Bay Capital Management LP bought a new position in shares of Dillard’s during the fourth quarter worth approximately $558,000. Teachers Advisors LLC raised its position in shares of Dillard’s by 56.6% in the fourth quarter. Teachers Advisors LLC now owns 35,799 shares of the company’s stock worth $2,244,000 after buying an additional 12,932 shares in the last quarter. Finally, Bank of Montreal Can raised its position 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 in the last quarter. 93.36% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Dillard’s (DDS) opened at 61.70 on Friday. The stock has a market cap of $1.80 billion, a PE ratio of 12.97 and a beta of 1.12. Dillard’s has a 52-week low of $45.51 and a 52-week high of $83.44. The company’s 50-day moving average price is $64.12 and its 200-day moving average price is $55.96.

Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.19 by $0.77. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Dillard’s will post $4.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Wednesday, June 28th. Dillard’s’s payout ratio is currently 5.76%.

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.

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