Dillard’s Inc. (DDS) Stock Price Down 6.4%
Dillard’s Inc. (NYSE:DDS) shares were down 6.4% during mid-day trading on Tuesday . The stock traded as low as $61.67 and last traded at $61.72, with a volume of 156,985 shares. The stock had previously closed at $65.96.
A number of brokerages have recently weighed in on DDS. Deutsche Bank AG restated a “sell” rating and issued a $65.00 price target (down previously from $70.00) on shares of Dillard’s in a research report on Tuesday, May 10th. Telsey Advisory Group dropped their price target on 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. Zacks Investment Research upgraded Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Wednesday, July 13th. Finally, Bank of America Corp. restated a “sell” rating on shares of Dillard’s in a research report on Saturday, May 14th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $71.16.
The stock has a market capitalization of $2.11 billion and a PE ratio of 9.70. The company’s 50-day moving average is $61.77 and its 200-day moving average is $69.44.
Dillard’s (NYSE:DDS) last released its quarterly 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 business earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the company earned $2.66 earnings per share. Dillard’s’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities analysts expect that Dillard’s Inc. will post $5.83 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Thursday, June 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Tuesday, June 28th.
Other hedge funds recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake 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 worth $1,137,000 after buying an additional 2,795 shares in the last quarter. Royce & Associates LLC increased its stake in Dillard’s by 5.5% in the fourth quarter. Royce & Associates LLC now owns 659,722 shares of the company’s stock worth $43,350,000 after buying an additional 34,367 shares in the last quarter. Trexquant Investment LP increased its stake in Dillard’s by 257.9% in the fourth quarter. Trexquant Investment LP now owns 39,016 shares of the company’s stock worth $2,564,000 after buying an additional 28,116 shares in the last quarter. California Public Employees Retirement System increased its stake 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 worth $5,506,000 after buying an additional 6,600 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Dillard’s by 6.9% in the fourth quarter. Rhumbline Advisers now owns 20,206 shares of the company’s stock worth $1,328,000 after buying an additional 1,296 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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