Dillard’s Inc. (DDS) Trading Down 3.4%
Dillard’s Inc. (NYSE:DDS) was down 3.4% during mid-day trading on Monday . The company traded as low as $66.07 and last traded at $66.60, with a volume of 253,813 shares trading hands. The stock had previously closed at $68.96.
A number of equities research analysts have issued reports on DDS shares. Deutsche Bank AG restated 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. Telsey Advisory Group decreased 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. Bank of America Corp. restated a “sell” rating on shares of Dillard’s in a research report on Saturday, May 14th. Finally, Zacks Investment Research upgraded 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. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $69.52.
The firm has a 50 day moving average of $64.34 and a 200 day moving average of $69.20. The firm has a market cap of $2.30 billion and a PE ratio of 11.07.
Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts anticipate that Dillard’s Inc. will post $5.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, September 28th.
An institutional investor recently raised its position in Dillard’s stock. Wells Fargo & Company MN boosted its stake in Dillard’s Inc. (NYSE:DDS) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 238,822 shares of the company’s stock after buying an additional 15,433 shares during the period. Wells Fargo & Company MN owned about 0.65% of Dillard’s worth $15,693,000 at the end of the most recent 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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