Dillard’s (NYSE:DDS) Stock Falls 4.8% – What’s Next?

Dillard’s, Inc. (NYSE:DDS)’s stock price fell 4.8% during mid-day trading on Tuesday. The stock traded as low as $665.94 and last traded at $662.1780. 12,267 shares were traded during trading, a decline of 91% from the average daily volume of 137,631 shares. The stock had previously closed at $695.35.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DDS. JPMorgan Chase & Co. upped their price target on Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research report on Monday, August 17th. UBS Group increased their price target on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings cut Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $545.67.

Dillard’s Stock Down 4.4%

The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 15.22 and a beta of 1.11. The business has a fifty day simple moving average of $631.97 and a 200 day simple moving average of $591.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58.

Dillard’s (NYSE:DDS) last issued its quarterly 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. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%.The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, equities analysts forecast that Dillard’s, Inc. will post 35.5 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 2.75%.

Institutional Investors Weigh In On Dillard’s

A number of hedge funds have recently modified their holdings of the company. Virtu Financial LLC lifted its stake in shares of Dillard’s by 1.1% in the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock worth $981,000 after acquiring an additional 17 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Dillard’s by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $225,000 after purchasing an additional 25 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Dillard’s by 29.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock valued at $81,000 after purchasing an additional 32 shares in the last quarter. Finally, Nykredit A S acquired a new position in Dillard’s during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.