Dillard's, Inc. (NYSE:DDS) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Analysts have a consensus “Reduce” rating on Dillard’s, with two sell ratings and three holds. The average 12-month price target is $545.67, below the stock’s reported opening price of $635.25.
• Dillard’s exceeded quarterly expectations, reporting $6.25 in earnings per share versus the $4.29 consensus estimate, while revenue reached $1.53 billion against expectations of $1.52 billion.
• The company declared a quarterly dividend of $0.30 per share, equal to $1.20 annually and a 0.2% yield, with a payout ratio of 2.75%.

Shares of Dillard's, Inc. (NYSE:DDS - Get Free Report) have been assigned an average rating of "Reduce" from the five analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $545.6667.

A number of research firms recently commented on DDS. Wall Street Zen cut Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of Dillard's from $496.00 to $519.00 and gave the company an "underweight" rating in a report on Monday, August 17th. Weiss Ratings cut shares of Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Zacks Research downgraded shares of Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, UBS Group upped their target price on shares of Dillard's from $465.00 to $468.00 and gave the stock a "sell" rating in a research report on Monday, August 17th.

Dillard's Price Performance

NYSE:DDS opened at $635.25 on Friday. The business's 50-day simple moving average is $606.05 and its two-hundred day simple moving average is $586.45. Dillard's has a 52 week low of $503.06 and a 52 week high of $741.97. The stock has a market cap of $9.92 billion, a PE ratio of 14.55 and a beta of 1.15. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.52 billion. As a group, analysts forecast that Dillard's will post 35.5 EPS for the current fiscal year.

Dillard's Announces Dividend

The business also recently declared 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 is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's payout ratio is presently 2.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DDS. Nykredit A S purchased a new position in Dillard's in the second quarter worth about $26,000. Rockefeller Capital Management L.P. increased its stake 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 acquiring an additional 25 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Dillard's by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company's stock valued at $67,000 after purchasing an additional 16 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Dillard's during the second quarter valued at approximately $69,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Dillard's in the 1st quarter valued at approximately $80,000. 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 headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard's also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.

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