Dillard’s Inc. (NYSE:DDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $73.00 target price on the stock. Zacks Investment Research’s target price would suggest a potential upside of 11.30% from the stock’s previous close.
According to Zacks, “Dillard’s constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and eCommerce business place it well, as it is likely to help it retain existing customers and attract new ones. The company’s focus on increasing productivity, developing a leading omni-channel platform and enhancing its domestic operations is also expected to support future results. Moreover, the company’s strong financial status provides the flexibility to make shareholder-friendly moves and further business expansion. While the company’s earnings and sales topped estimates in the last reported quarter, Dillard’s fiscal 2016 outlook indicates significant cost pressures, which might hurt margins and bottom line. Soft economic recovery and stiff competition in the retail merchandise space may also prove to be hurdles.”
A number of other analysts have also commented on DDS. Telsey Advisory Group lifted their target price 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. Bank of America Corp. reissued a “sell” rating and issued a $55.00 price target on shares of Dillard’s in a report on Friday, August 12th. Finally, Credit Suisse Group AG raised shares of Dillard’s from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $63.00 to $70.00 in a report on Wednesday, September 28th. Four analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $66.39.
Shares of Dillard’s (NYSE:DDS) traded down 1.07% during trading on Thursday, reaching $64.89. The company’s stock had a trading volume of 133,236 shares. The company has a market capitalization of $2.22 billion, a P/E ratio of 10.72 and a beta of 1.18. Dillard’s has a 12 month low of $54.37 and a 12 month high of $94.12. The company’s 50-day moving average is $61.34 and its 200-day moving average is $65.04.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 11th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts forecast that Dillard’s will post $5.88 EPS for the current fiscal 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 $0.07 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.28 annualized dividend and a yield of 0.43%. Dillard’s’s dividend payout ratio is currently 4.65%.
Large investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. boosted its stake in Dillard’s by 1.8% in the first quarter. Panagora Asset Management Inc. now owns 209,686 shares of the company’s stock valued at $17,804,000 after buying an additional 3,619 shares in the last quarter. BlackRock Group LTD boosted its stake in Dillard’s by 32.6% in the first quarter. BlackRock Group LTD now owns 18,149 shares of the company’s stock valued at $1,541,000 after buying an additional 4,462 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Dillard’s during the second quarter valued at approximately $2,782,000. BlackRock Inc. boosted its stake in Dillard’s by 186.8% in the first quarter. BlackRock Inc. now owns 3,531 shares of the company’s stock valued at $300,000 after buying an additional 2,300 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Dillard’s by 9.9% in the second quarter. California Public Employees Retirement System now owns 103,700 shares of the company’s stock valued at $6,284,000 after buying an additional 9,300 shares in the last quarter. 78.96% of the stock is currently owned by institutional investors and hedge funds.
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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