Dillard’s, Inc. (DDS) Receives $52.60 Consensus Target Price from Brokerages

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.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/11/01/dillards-inc-dds-receives-52-60-consensus-target-price-from-brokerages.html.

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%.

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.

Analyst Recommendations for Dillard`s (NYSE:DDS)

Receive News & Ratings for Dillard's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply