Wedbush began coverage on shares of Dillard’s (NYSE:DDS) in a research report released on Wednesday, MarketBeat reports. The brokerage issued an outperform rating and a $95.00 price target on the stock.
Several other brokerages have also issued reports on DDS. Susquehanna Bancshares reaffirmed a neutral rating and issued a $60.00 target price on shares of Dillard’s in a research note on Thursday, June 7th. Zacks Investment Research lowered Dillard’s from a buy rating to a hold rating in a research note on Tuesday, July 24th. ValuEngine lowered Dillard’s from a buy rating to a hold rating in a research note on Thursday, August 2nd. Bank of America raised Dillard’s from an underperform rating to a buy rating and upped their target price for the stock from $77.37 to $89.00 in a research note on Monday, May 21st. Finally, TheStreet lowered Dillard’s from a b rating to a c+ rating in a research note on Thursday, May 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Dillard’s currently has a consensus rating of Hold and an average target price of $78.00.
Shares of NYSE DDS traded down $2.34 during midday trading on Wednesday, hitting $85.83. 435,943 shares of the company’s stock were exchanged, compared to its average volume of 384,116. Dillard’s has a 12-month low of $49.91 and a 12-month high of $98.75. The company has a current ratio of 1.60, a quick ratio of 0.21 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.41 and a beta of 0.93.
The company also recently announced a quarterly dividend, which was paid on Monday, August 6th. Shareholders of record on Friday, June 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, June 28th. Dillard’s’s dividend payout ratio is currently 8.33%.
In other Dillard’s news, Director James I. Freeman sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $83.02, for a total value of $1,660,400.00. Following the completion of the sale, the director now owns 181,824 shares in the company, valued at $15,095,028.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James I. Freeman sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $75.61, for a total value of $5,292,700.00. Following the completion of the sale, the director now owns 226,930 shares of the company’s stock, valued at approximately $17,158,177.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,226 shares of company stock valued at $10,699,113. 19.10% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc bought a new stake in Dillard’s in the second quarter valued at approximately $126,000. GSA Capital Partners LLP bought a new stake in Dillard’s in the first quarter valued at approximately $201,000. Macquarie Group Ltd. bought a new stake in Dillard’s in the fourth quarter valued at approximately $210,000. ING Groep NV bought a new stake in Dillard’s in the first quarter valued at approximately $251,000. Finally, CIBC World Markets Inc. bought a new stake in Dillard’s in the first quarter valued at approximately $271,000. Hedge funds and other institutional investors own 90.09% of the company’s stock.
Dillard’s Company Profile
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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