Credit Suisse Group AG upgraded shares of Dillard’s Inc. (NYSE:DDS) from a neutral rating to an outperform rating in a research report report published on Wednesday. Credit Suisse Group AG currently has $70.00 price target on the stock, up from their prior price target of $63.00.
Several other equities analysts have also issued reports on DDS. Zacks Investment Research raised shares of Dillard’s from a strong sell rating to a buy rating and set a $73.00 price target on the stock in a report on Wednesday, July 13th. Telsey Advisory Group lifted their price target on shares of Dillard’s from $62.00 to $65.00 and gave the stock a market perform rating in a report on Friday, August 12th. Finally, Bank of America Corp. reaffirmed a sell rating and issued a $55.00 price target on shares of Dillard’s in a report on Friday, August 12th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Dillard’s currently has a consensus rating of Hold and an average target price of $66.39.
Shares of Dillard’s (NYSE:DDS) traded up 0.5657% during trading on Wednesday, reaching $61.5462. The company had a trading volume of 40,620 shares. Dillard’s has a 1-year low of $54.37 and a 1-year high of $94.12. The company’s 50 day moving average is $61.93 and its 200-day moving average is $65.83. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.1645 and a beta of 1.15.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Dillard’s will post $5.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, September 28th. Dillard’s’s dividend payout ratio (DPR) is presently 4.65%.
Several large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new stake in shares of Dillard’s during the second quarter worth $267,000. CenturyLink Investment Management Co raised its stake in shares of Dillard’s by 76.0% in the second quarter. CenturyLink Investment Management Co now owns 11,612 shares of the company’s stock worth $704,000 after buying an additional 5,013 shares during the period. BNP Paribas Arbitrage SA increased its position in Dillard’s by 5.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,926 shares of the company’s stock worth $238,000 after buying an additional 207 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in Dillard’s by 30.9% in the first quarter. Clear Harbor Asset Management LLC now owns 7,713 shares of the company’s stock worth $655,000 after buying an additional 1,819 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in Dillard’s by 1.8% in the first quarter. Panagora Asset Management Inc. now owns 209,686 shares of the company’s stock worth $17,804,000 after buying an additional 3,619 shares in the last quarter. 78.96% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s Company Profile
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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