Dillard’s Inc. (DDS) Shares Up 2.9%
Dillard’s Inc. (NYSE:DDS)’s share price shot up 2.9% during mid-day trading on Monday . The company traded as high as $65.30 and last traded at $65.11, with a volume of 206,076 shares traded. The stock had previously closed at $63.27.
A number of brokerages recently issued reports on DDS. Zacks Investment Research upgraded Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday, July 13th. Deutsche Bank AG cut their target price on Dillard’s from $65.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, May 16th. Bank of America Corp. reiterated a “sell” rating on shares of Dillard’s in a report on Saturday, May 14th. Finally, Telsey Advisory Group cut their target price on Dillard’s from $77.00 to $62.00 and set a “market perform” rating on the stock in a report on Friday, May 13th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Dillard’s has a consensus rating of “Hold” and a consensus target price of $71.16.
The company has a market capitalization of $2.29 billion and a price-to-earnings ratio of 10.50. The company’s 50 day moving average price is $61.04 and its 200-day moving average price is $69.32.
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. During the same quarter in the previous year, the business earned $2.66 earnings per share. The firm earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Dillard’s Inc. will post $5.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.42%.
Other institutional investors have bought and sold shares of the company. Sei Investments Co. boosted its position in Dillard’s by 5.6% in the fourth quarter. Sei Investments Co. now owns 27,938 shares of the company’s stock valued at $1,836,000 after buying an additional 1,494 shares during the period. Rhumbline Advisers boosted its position in Dillard’s by 6.9% in the fourth quarter. Rhumbline Advisers now owns 20,206 shares of the company’s stock valued at $1,328,000 after buying an additional 1,296 shares during the period. California Public Employees Retirement System boosted its position in Dillard’s by 8.5% in the fourth quarter. California Public Employees Retirement System now owns 83,800 shares of the company’s stock valued at $5,506,000 after buying an additional 6,600 shares during the period. PNC Financial Services Group Inc. boosted its position in Dillard’s by 19.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,293 shares of the company’s stock valued at $1,137,000 after buying an additional 2,795 shares during the period. Finally, Harris Associates L P boosted its position in 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 during the period.
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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