Dillard’s Inc. (DDS) Stock Price Down 3.6%
Dillard’s Inc. (NYSE:DDS) shares traded down 3.6% during mid-day trading on Tuesday . The stock traded as low as $60.53 and last traded at $60.54, with a volume of 410,285 shares traded. The stock had previously closed at $62.78.
Several research analysts recently issued reports on the stock. Bank of America Corp. reiterated a “sell” rating on shares of Dillard’s in a research note on Saturday, May 14th. Zacks Investment Research upgraded shares of Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Wednesday, July 13th. Telsey Advisory Group decreased their price target on shares of Dillard’s from $77.00 to $62.00 and set a “market perform” rating for the company in a research note on Friday, May 13th. Finally, Deutsche Bank AG decreased their price target on shares of Dillard’s from $65.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, May 16th. 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 company. Dillard’s currently has a consensus rating of “Hold” and a consensus target price of $71.16.
The stock’s 50 day moving average price is $62.48 and its 200 day moving average price is $69.27. The company has a market cap of $2.09 billion and a PE ratio of 9.58.
Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 12th. The company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by $0.35. The business earned $1.50 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company earned $2.66 earnings per share. Dillard’s’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts forecast that Dillard’s Inc. will post $5.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Thursday, June 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, June 28th.
Several large investors have modified their holdings of the company. Rhumbline Advisers raised its stake 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 period. Trexquant Investment LP raised its stake 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 period. California Public Employees Retirement System raised its stake 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 period. Finally, Wells Fargo & Company MN raised its stake 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 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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