Dillard’s Inc. (DDS) Trading Down 6.4%
Dillard’s Inc. (NYSE:DDS) shares traded down 6.4% on Tuesday . The company traded as low as $61.67 and last traded at $61.72, with a volume of 156,985 shares trading hands. The stock had previously closed at $65.96.
A number of research analysts have recently weighed in on the company. Bank of America Corp. reaffirmed a “sell” rating on shares of Dillard’s in a research report on Saturday, May 14th. Deutsche Bank AG reaffirmed a “sell” rating and set a $65.00 price objective (down from $70.00) on shares of Dillard’s in a research report on Tuesday, May 10th. Zacks Investment Research raised Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Wednesday, July 13th. Finally, Telsey Advisory Group lowered their price objective on Dillard’s from $77.00 to $62.00 and set a “market perform” rating on the stock in a research report on Friday, May 13th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Dillard’s has a consensus rating of “Hold” and a consensus price target of $71.16.
The stock has a 50 day moving average price of $62.02 and a 200-day moving average price of $69.38. The stock has a market cap of $2.13 billion and a price-to-earnings ratio of 9.77.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 12th. The company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by $0.35. During the same quarter in the previous year, the company earned $2.66 earnings per share. The firm earned $1.50 billion during the quarter, compared to analyst estimates of $1.56 billion. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts expect that Dillard’s Inc. will post $5.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Thursday, June 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Tuesday, June 28th.
Other hedge funds and institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of 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. Rhumbline Advisers raised its position in shares of 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. Trexquant Investment LP raised its position in shares of 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 raised its position in shares of 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, Wells Fargo & Company MN raised its stake in 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 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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