Dillard’s Inc. (DDS) Shares Up 2.6%
Dillard’s Inc. (NYSE:DDS)’s share price shot up 2.6% during trading on Wednesday . The stock traded as high as $63.77 and last traded at $62.00, with a volume of 466,938 shares. The stock had previously closed at $60.41.
Several research firms recently commented on DDS. Bank of America Corp. reissued a “sell” rating on shares of Dillard’s in a research report on Saturday, May 14th. Zacks Investment Research raised Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Wednesday, July 13th. Telsey Advisory Group reduced their price target 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. Finally, Deutsche Bank AG reduced their price target on Dillard’s from $65.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, May 16th. Four investment 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. Dillard’s has a consensus rating of “Hold” and an average target price of $71.16.
The firm’s 50 day moving average price is $62.48 and its 200 day moving average price is $69.27. The stock has a market capitalization of $2.13 billion and a price-to-earnings ratio of 9.77.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 12th. The company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.52 by $0.35. During the same quarter in the prior year, the firm posted $2.66 earnings per share. The business earned $1.50 billion during the quarter, compared to the consensus estimate of $1.56 billion. Dillard’s’s revenue was down 4.5% on a year-over-year basis. Analysts predict that Dillard’s Inc. will post $5.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Thursday, June 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.45%. The ex-dividend date was Tuesday, June 28th.
A number of hedge funds and institutional investors have recently modified their holdings of the company. 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 valued at $2,564,000 after buying an additional 28,116 shares during 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 during 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 valued at $5,506,000 after buying an additional 6,600 shares during the last quarter. Finally, 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 valued at $1,328,000 after buying an additional 1,296 shares during 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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