Dillard’s Inc. (DDS) Upgraded by Credit Suisse Group AG to “Outperform”
Credit Suisse Group AG upgraded shares of Dillard’s Inc. (NYSE:DDS) from a neutral rating to an outperform rating in a report issued on Wednesday morning. They currently have $70.00 price objective on the stock, up from their previous price objective of $63.00.
DDS has been the topic of a number of other research reports. Bank of America Corp. restated a sell rating and set a $55.00 target price on shares of Dillard’s in a research report on Friday, August 12th. Zacks Investment Research upgraded shares of Dillard’s from a strong sell rating to a buy rating and set a $73.00 target price on the stock in a research report on Wednesday, July 13th. Finally, Telsey Advisory Group raised their target price on shares of Dillard’s from $62.00 to $65.00 and gave the stock a market perform rating in a research report on Friday, August 12th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $66.39.
Dillard’s (NYSE:DDS) opened at 61.96 on Wednesday. The firm has a 50 day moving average of $61.63 and a 200 day moving average of $65.21. Dillard’s has a 1-year low of $54.37 and a 1-year high of $94.12. The firm has a market cap of $2.12 billion, a P/E ratio of 10.23 and a beta of 1.18.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.75 earnings per share. Dillard’s’s revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Dillard’s will post $5.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid 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 is Wednesday, September 28th. Dillard’s’s dividend payout ratio is presently 4.65%.
Several institutional investors have recently modified their holdings of DDS. Aperio Group LLC increased its position in shares of Dillard’s by 27.8% in the first quarter. Aperio Group LLC now owns 4,138 shares of the company’s stock worth $351,000 after buying an additional 899 shares in the last quarter. Virginia Retirement System acquired a new position in shares of Dillard’s during the first quarter worth approximately $1,443,000. BlackRock Inc. increased its position in shares of Dillard’s by 186.8% in the first quarter. BlackRock Inc. now owns 3,531 shares of the company’s stock worth $300,000 after buying an additional 2,300 shares in the last quarter. BlackRock Group LTD increased its position in shares of Dillard’s by 32.6% in the first quarter. BlackRock Group LTD now owns 18,149 shares of the company’s stock worth $1,541,000 after buying an additional 4,462 shares in the last quarter. Finally, Howard Hughes Medical Institute increased its position in shares of Dillard’s by 44.6% in the first quarter. Howard Hughes Medical Institute now owns 11,061 shares of the company’s stock worth $939,000 after buying an additional 3,412 shares in the last quarter. 78.96% of the stock is currently owned by institutional investors and hedge funds.
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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