Dillard’s, Inc. (NYSE:DDS) Given Average Recommendation of “Reduce” by Brokerages

Dillard’s, Inc. (NYSE:DDS) has earned an average rating of “Reduce” from the five research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $519.6667.

Several research firms have commented on DDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Telsey Advisory Group cut their price objective on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research report on Wednesday, February 25th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th.

Institutional Trading of Dillard’s

Hedge funds have recently made changes to their positions in the stock. CPC Advisors LLC acquired a new stake in shares of Dillard’s in the 1st quarter valued at about $1,938,000. SG Americas Securities LLC lifted its stake in Dillard’s by 1,773.6% in the first quarter. SG Americas Securities LLC now owns 5,321 shares of the company’s stock valued at $3,044,000 after buying an additional 5,037 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Dillard’s by 108.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after buying an additional 25 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Dillard’s by 157.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,001 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Dillard’s by 1.1% during the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $631.12 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 17.33 and a beta of 1.27. The business has a 50-day moving average of $602.19 and a 200 day moving average of $624.03. Dillard’s has a 12 month low of $310.92 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last released its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $3.07. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $13.48 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Dillard’s will post 32.52 earnings per share for the current year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Tuesday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Dillard’s’s dividend payout ratio is 3.30%.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.