Shares of Dillard’s Inc. (NYSE:DDS) gapped up prior to trading on Thursday . The stock had previously closed at $59.71, but opened at $59.82. Dillard’s shares last traded at $60.62, with a volume of 116,476 shares traded.

A number of analysts have recently issued reports on the stock. Bank of America Corp. reissued a “sell” rating on shares of Dillard’s in a research report on Saturday, May 14th. Deutsche Bank AG reissued a “sell” rating and issued a $65.00 price target (down from $70.00) on shares of Dillard’s in a research report on Tuesday, May 10th. Telsey Advisory Group reduced their price target on shares of Dillard’s from $77.00 to $62.00 and set a “market perform” rating for the company in a research report on Friday, May 13th. Finally, Vetr raised shares of Dillard’s from a “sell” rating to a “hold” rating and set a $82.12 price target for the company in a research report on Tuesday, March 15th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Dillard’s presently has an average rating of “Sell” and a consensus price target of $75.59.

The company has a market cap of $2.14 billion and a P/E ratio of 9.83. The company’s 50-day moving average is $59.55 and its 200 day moving average is $69.48.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, May 12th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by $0.35. The firm earned $1.50 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm earned $2.66 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts forecast that Dillard’s Inc. will post $5.83 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Thursday, June 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.45%.

Several institutional investors recently bought and sold shares of the company. Trexquant Investment LP raised its position in Dillard’s by 257.9% in the fourth quarter. Trexquant Investment LP now owns 39,016 shares of the company’s stock valued at $2,564,000 after buying an additional 28,116 shares during the last quarter. Royce & Associates LLC raised its position in shares of Dillard’s by 5.5% in the fourth quarter. Royce & Associates LLC now owns 659,722 shares of the company’s stock valued at $43,350,000 after buying an additional 34,367 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Dillard’s by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 238,822 shares of the company’s stock valued at $15,693,000 after buying an additional 15,433 shares in the last quarter. Olstein Capital Management L.P. raised its position in shares of Dillard’s by 29.7% in the fourth quarter. Olstein Capital Management L.P. now owns 218,000 shares of the company’s stock valued at $14,325,000 after buying an additional 49,900 shares in the last quarter. Finally, Harris Associates L P raised its position in shares of Dillard’s by 43.0% in the fourth quarter. Harris Associates L P now owns 854,286 shares of the company’s stock valued at $56,136,000 after buying an additional 257,051 shares in the last quarter.

Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.

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