Dillard’s Inc. (DDS) Stock Price Up 2.6%
Dillard’s Inc. (NYSE:DDS)’s share price rose 2.6% on Wednesday . The company traded as high as $63.77 and last traded at $62.00, with a volume of 466,938 shares traded. The stock had previously closed at $60.41.
DDS has been the subject of a number of research reports. Deutsche Bank AG reiterated a “sell” rating and set a $65.00 target price (down previously from $70.00) on shares of Dillard’s in a research report on Tuesday, May 10th. Telsey Advisory Group cut their target price on shares of Dillard’s from $77.00 to $62.00 and set a “market perform” rating for the company in a research report on Friday, May 13th. Zacks Investment Research upgraded shares of Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Wednesday, July 13th. Finally, Bank of America Corp. reiterated a “sell” rating on shares of Dillard’s in a research report on Saturday, May 14th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $69.52.
The stock’s 50 day moving average is $62.74 and its 200 day moving average is $69.20. The company has a market capitalization of $2.35 billion and a price-to-earnings ratio of 10.78.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 11th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. During the same period last year, the firm posted $0.75 EPS. The business earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Dillard’s’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts anticipate that Dillard’s Inc. will post $5.85 EPS for the current year.
The firm 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 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Tuesday, June 28th.
A number of institutional investors have modified their holdings of the company. 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 worth $1,328,000 after buying an additional 1,296 shares during the period. 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 worth $2,564,000 after buying an additional 28,116 shares during the period. 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 worth $5,506,000 after buying an additional 6,600 shares during the period. Finally, 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 worth $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.