Dillard’s (NYSE:DDS) Given New $449.00 Price Target at JPMorgan Chase & Co.

Dillard’s (NYSE:DDSFree Report) had its target price decreased by JPMorgan Chase & Co. from $524.00 to $449.00 in a report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. UBS Group boosted their price target on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday. Telsey Advisory Group decreased their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $519.67.

Check Out Our Latest Stock Report on Dillard’s

Dillard’s Price Performance

Shares of Dillard’s stock opened at $597.82 on Wednesday. The stock has a market capitalization of $9.35 billion, a P/E ratio of 16.42 and a beta of 1.27. The business has a 50 day simple moving average of $642.70 and a two-hundred day simple moving average of $616.22. Dillard’s has a 12 month low of $282.24 and a 12 month high of $741.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.00.

Dillard’s (NYSE:DDSGet Free Report) last issued its quarterly 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 return on equity of 27.55% and a net margin of 8.81%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company posted $13.48 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. As a group, analysts predict that Dillard’s will post 33.25 EPS for the current fiscal year.

Institutional Trading of Dillard’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new stake in shares of Dillard’s during the 4th quarter valued at approximately $29,000. Quarry LP acquired a new stake in Dillard’s during the third quarter worth $33,000. EverSource Wealth Advisors LLC raised its position in Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. Global Retirement Partners LLC raised its position in Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after purchasing an additional 63 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $50,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Key Headlines Impacting Dillard’s

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About Dillard’s

(Get Free Report)

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.

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