Dillard's, Inc. (NYSE:DDS) Stock Has Average Target Price of $545.67

Key Points

• Analysts remain cautious on Dillard’s: The stock has an average “Reduce” rating from five analysts, with two sells and three holds. Their average 12-month price target is $545.67, below the reported share price of $642.29.
• Recent earnings exceeded expectations: Dillard’s reported quarterly EPS of $6.25 versus the $4.29 consensus estimate, while revenue reached $1.53 billion compared with expectations of $1.52 billion.
• Institutional ownership is substantial: Institutional investors own 67.15% of the company, with several hedge funds increasing their positions. Dillard’s also declared a quarterly dividend of $0.30 per share, implying a 0.2% yield.

Shares of Dillard's, Inc. (NYSE:DDS - Get Free Report) have received an average recommendation of "Reduce" from the five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $545.67.

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

Hedge Funds Weigh In On Dillard's

A number of hedge funds and other institutional investors have recently made changes to their positions in DDS. Renaissance Technologies LLC grew its stake in Dillard's by 18.7% in the first quarter. Renaissance Technologies LLC now owns 142,180 shares of the company's stock valued at $81,343,000 after acquiring an additional 22,400 shares during the period. Gotham Asset Management LLC increased its holdings in shares of Dillard's by 10.7% in the fourth quarter. Gotham Asset Management LLC now owns 73,642 shares of the company's stock worth $44,652,000 after acquiring an additional 7,123 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Dillard's by 6.4% during the second quarter. Wedge Capital Management L L P NC now owns 65,318 shares of the company's stock worth $34,515,000 after purchasing an additional 3,907 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Dillard's by 1,331.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 40,715 shares of the company's stock worth $23,293,000 after purchasing an additional 37,871 shares during the period. Finally, Squarepoint Ops LLC raised its position in shares of Dillard's by 101.3% during the second quarter. Squarepoint Ops LLC now owns 33,581 shares of the company's stock worth $17,745,000 after purchasing an additional 16,901 shares during the period. 67.15% of the stock is owned by institutional investors.

Dillard's Stock Up 0.0%

NYSE:DDS opened at $642.29 on Tuesday. Dillard's has a 12-month low of $503.06 and a 12-month high of $741.97. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $10.03 billion, a P/E ratio of 14.71 and a beta of 1.11. The stock's fifty day simple moving average is $637.09 and its 200-day simple moving average is $593.97.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $6.25 EPS 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 business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.52 billion. Equities research analysts expect that Dillard's will post 35.50 earnings per share for the current year.

Dillard's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be issued 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 dividend payout ratio (DPR) is 2.75%.

About Dillard's

Dillard's, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.

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