Dillard’s, Inc. (NYSE:DDS) Stock Has Consensus Price Target of $545.67 According to Analysts

Dillard’s, Inc. (NYSE:DDS) has been given an average recommendation of “Reduce” by the five research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $545.67.

DDS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research report on Monday, August 17th. Wall Street Zen lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings cut Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, UBS Group raised their target price on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research note on Monday, August 17th.

Dillard’s Price Performance

DDS opened at $652.80 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The stock has a market capitalization of $10.20 billion, a P/E ratio of 14.96 and a beta of 1.15. The company’s 50 day simple moving average is $617.34 and its 200-day simple moving average is $587.62. Dillard’s has a one year low of $503.06 and a one year high of $741.97.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping the consensus estimate of $4.29 by $1.96. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. Sell-side analysts anticipate that Dillard’s will post 35.5 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, September 30th. Dillard’s’s dividend payout ratio is currently 2.75%.

Hedge Funds Weigh In On Dillard’s

A number of hedge funds and other institutional investors have recently bought and sold shares of DDS. Norges Bank acquired a new stake in shares of Dillard’s in the 4th quarter valued at approximately $36,598,000. Wedge Capital Management L L P NC grew its holdings in Dillard’s by 6.4% during the second quarter. Wedge Capital Management L L P NC now owns 65,318 shares of the company’s stock valued at $34,515,000 after purchasing an additional 3,907 shares during the period. CPC Advisors LLC acquired a new position in Dillard’s during the first quarter valued at approximately $1,938,000. Empowered Funds LLC increased its stake in Dillard’s by 593.9% in the first quarter. Empowered Funds LLC now owns 3,386 shares of the company’s stock valued at $1,937,000 after purchasing an additional 2,898 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in Dillard’s by 65.2% in the fourth quarter. Brandywine Global Investment Management LLC now owns 15,627 shares of the company’s stock valued at $9,475,000 after purchasing an additional 6,169 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

About Dillard’s

Dillard’s, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard’s also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.