Dillard’s Inc. (DDS) Shares Down 3.5%
Dillard’s Inc. (NYSE:DDS) shares dropped 3.5% during mid-day trading on Tuesday . The stock traded as low as $61.71 and last traded at $61.97, with a volume of 181,709 shares. The stock had previously closed at $64.21.
DDS has been the subject of several research analyst reports. Bank of America Corp. reiterated a “sell” rating and issued a $55.00 price objective on shares of Dillard’s in a research report on Friday, August 12th. Deutsche Bank AG reiterated a “sell” rating and issued a $65.00 price objective (down previously from $70.00) on shares of Dillard’s in a research report on Tuesday, May 10th. Telsey Advisory Group increased their price objective on Dillard’s from $62.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research upgraded Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Wednesday, July 13th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Dillard’s presently has an average rating of “Hold” and a consensus price target of $69.52.
The stock has a market capitalization of $2.04 billion and a price-to-earnings ratio of 9.81. The firm’s 50-day moving average price is $64.90 and its 200 day moving average price is $68.95.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. During the same quarter in the prior year, the firm earned $0.75 EPS. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Dillard’s Inc. will post $5.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.46%.
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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