Dillard’s Inc. (DDS) Shares Gap Up to $59.82
Dillard’s Inc. (NYSE:DDS) shares gapped up before the market opened on Thursday . The stock had previously closed at $59.71, but opened at $59.82. Dillard’s shares last traded at $60.62, with a volume of 116,476 shares trading hands.
DDS has been the topic of a number of research analyst reports. Vetr lowered shares of Dillard’s from a “hold” rating to a “sell” rating and set a $82.12 price objective on the stock. in a research note on Monday, March 21st. Deutsche Bank AG lowered their price objective on shares of Dillard’s from $65.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, May 16th. Telsey Advisory Group lowered their price objective on shares of Dillard’s from $77.00 to $62.00 and set a “market perform” rating on the stock in a research note on Friday, May 13th. Finally, Bank of America Corp. reiterated a “sell” rating on shares of Dillard’s in a research note on Saturday, May 14th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Dillard’s has a consensus rating of “Sell” and a consensus price target of $78.02.
The stock has a market capitalization of $2.08 billion and a PE ratio of 9.56. The company has a 50-day moving average price of $59.36 and a 200-day moving average price of $69.51.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, May 12th. The company reported $2.17 EPS for the quarter, missing the Zacks’ consensus estimate of $2.52 by $0.35. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the business posted $2.66 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that Dillard’s Inc. will post $5.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Thursday, June 30th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.46%.
A number of institutional investors have recently added to or reduced their stakes in DDS. Trexquant Investment LP raised its position 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 during the period. Royce & Associates LLC raised its position 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 during the period. Wells Fargo & Company MN raised its position in Dillard’s by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 238,822 shares of the company’s stock worth $15,693,000 after buying an additional 15,433 shares during the period. Olstein Capital Management L.P. raised its position in Dillard’s by 29.7% in the fourth quarter. Olstein Capital Management L.P. now owns 218,000 shares of the company’s stock worth $14,325,000 after buying an additional 49,900 shares during the period. Finally, Harris Associates L P raised its position in Dillard’s by 43.0% in the fourth quarter. Harris Associates L P now owns 854,286 shares of the company’s stock worth $56,136,000 after buying an additional 257,051 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.