Dillard’s, Inc. (NYSE:DDS) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $52.60.
A number of equities research analysts have recently commented on DDS shares. BidaskClub cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. J P Morgan Chase & Co restated an “underweight” rating and set a $36.00 price objective (down previously from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Dillard’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. Deutsche Bank AG increased their price objective on shares of Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the transaction, the director now directly owns 8,200 shares in the company, valued at $494,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.63% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DDS. Wells Fargo & Company MN increased its stake in shares of Dillard’s by 92.3% in the first quarter. Wells Fargo & Company MN now owns 21,152 shares of the company’s stock worth $1,106,000 after purchasing an additional 10,151 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Dillard’s by 36.4% in the first quarter. UBS Asset Management Americas Inc. now owns 23,120 shares of the company’s stock worth $1,208,000 after purchasing an additional 6,166 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Dillard’s by 849.8% in the first quarter. Ameriprise Financial Inc. now owns 78,837 shares of the company’s stock worth $4,119,000 after purchasing an additional 70,537 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Dillard’s by 2,638.9% in the first quarter. Principal Financial Group Inc. now owns 99,037 shares of the company’s stock worth $5,174,000 after purchasing an additional 95,421 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Dillard’s by 99.5% in the first quarter. Wellington Management Group LLP now owns 16,442 shares of the company’s stock worth $859,000 after purchasing an additional 8,202 shares in the last quarter. 93.12% of the stock is owned by hedge funds and other institutional investors.
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Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Friday, September 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 0.79%. Dillard’s’s dividend payout ratio (DPR) is presently 10.18%.
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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