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

Dillard’s, Inc. (NYSE:DDS) has earned a consensus recommendation of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $519.6667.

DDS has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Telsey Advisory Group reduced their price objective 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, February 25th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th.

Institutional Investors Weigh In On Dillard’s

Several institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in Dillard’s by 9.1% in the fourth quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Dillard’s by 17.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock valued at $67,000 after acquiring an additional 16 shares during the period. Cetera Investment Advisers lifted its position in shares of Dillard’s by 4.2% during the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock valued at $242,000 after acquiring an additional 16 shares during the period. New York State Common Retirement Fund boosted its stake in Dillard’s by 0.9% during the fourth quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after acquiring an additional 16 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Dillard’s by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock worth $981,000 after purchasing an additional 17 shares during the period. Institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Down 0.0%

Shares of NYSE:DDS opened at $554.90 on Friday. The firm has a market cap of $8.68 billion, a P/E ratio of 15.24 and a beta of 1.30. Dillard’s has a 12-month low of $282.24 and a 12-month high of $741.97. The business has a fifty day simple moving average of $618.12 and a 200 day simple moving average of $625.81. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, beating 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 quarter in the previous year, the company posted $13.48 EPS. The business’s revenue was down 3.0% on a year-over-year basis. Analysts predict that Dillard’s will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

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

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.