Brokerages Set Dillard’s, Inc. (NYSE:DDS) Target Price at $519.67

Dillard’s, Inc. (NYSE:DDS) has been given a consensus rating of “Reduce” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $519.6667.

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

Dillard’s Stock Up 3.2%

Shares of DDS opened at $631.32 on Monday. The firm has a market cap of $9.87 billion, a P/E ratio of 17.34 and a beta of 1.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65. Dillard’s has a 52 week low of $282.24 and a 52 week high of $741.97. The firm’s 50-day simple moving average is $640.39 and its 200 day simple moving average is $620.45.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.98 by $3.07. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $13.48 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts forecast that Dillard’s will post 33.25 earnings per share for the current year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders 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 dividend yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Dillard’s’s dividend payout ratio is presently 3.30%.

Institutional Investors Weigh In On Dillard’s

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Dillard’s by 31.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,280 shares of the company’s stock worth $10,867,000 after purchasing an additional 4,142 shares in the last quarter. Fox Run Management L.L.C. lifted its position in Dillard’s by 37.2% during the second quarter. Fox Run Management L.L.C. now owns 2,164 shares of the company’s stock worth $904,000 after purchasing an additional 587 shares during the period. Wedge Capital Management L L P NC lifted its position in Dillard’s by 756.9% during the third quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock worth $43,554,000 after purchasing an additional 62,608 shares during the period. SG Americas Securities LLC acquired a new stake in Dillard’s during the third quarter worth about $1,565,000. Finally, Abacus FCF Advisors LLC bought a new position in Dillard’s in the 3rd quarter valued at about $5,254,000. 67.15% of the stock is currently owned by institutional investors.

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.