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

Dillard’s, Inc. (NYSE:DDS) has been given a consensus recommendation of “Reduce” by the five analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $545.67.

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

Institutional Trading of Dillard’s

Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc increased its position in Dillard’s by 282.6% in the 3rd quarter. IFP Advisors Inc now owns 746 shares of the company’s stock valued at $500,000 after acquiring an additional 551 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Dillard’s in the third quarter worth about $31,000. Steel Grove Capital Advisors LLC raised its stake in shares of Dillard’s by 23.8% in the third quarter. Steel Grove Capital Advisors LLC now owns 4,102 shares of the company’s stock worth $2,748,000 after acquiring an additional 789 shares during the last quarter. Monument Capital Management acquired a new position in shares of Dillard’s during the third quarter worth approximately $2,675,000. Finally, GAMMA Investing LLC lifted its position in shares of Dillard’s by 17.8% during the third quarter. GAMMA Investing LLC now owns 126 shares of the company’s stock worth $84,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Trading Up 0.5%

DDS stock opened at $666.67 on Tuesday. Dillard’s has a 1-year low of $503.06 and a 1-year high of $741.97. The firm has a market cap of $10.41 billion, a P/E ratio of 16.30 and a beta of 1.11. The business’s 50 day moving average is $641.14 and its 200-day moving average is $597.48. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. Equities analysts anticipate that Dillard’s will post 35.50 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

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

About Dillard’s

Dillard’s, Inc is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories.

The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.