Analysts Set Dillard’s, Inc. (NYSE:DDS) Price Target at $511.33

Shares of Dillard’s, Inc. (NYSE:DDS) have earned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $511.3333.

A number of analysts have recently issued reports on DDS shares. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group boosted their price objective on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. raised their target price on shares of Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 25th. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st.

Dillard’s Stock Up 4.7%

Shares of NYSE:DDS opened at $665.09 on Thursday. The firm has a market capitalization of $10.40 billion, a PE ratio of 18.05 and a beta of 1.27. The business has a 50 day simple moving average of $654.46 and a two-hundred day simple moving average of $601.37. Dillard’s has a 1 year low of $282.24 and a 1 year high of $741.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.00.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, November 13th. The company reported $8.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.43 by $1.88. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.41 billion. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.Dillard’s’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $7.73 EPS. On average, equities analysts predict that Dillard’s will post 33.25 EPS for the current year.

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio is presently 3.26%.

Institutional Trading of Dillard’s

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Dillard’s by 322.9% during the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after acquiring an additional 2,680 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the period. Millennium Management LLC boosted its stake in shares of Dillard’s by 18.3% during the first quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock valued at $16,009,000 after purchasing an additional 6,913 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Dillard’s by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after buying an additional 28,468 shares during the period. Finally, Jane Street Group LLC purchased a new position in Dillard’s during the first quarter valued at approximately $3,746,000. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Company Profile

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.