Dillard's, Inc. (NYSE:DDS) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Dillard's, Inc. has received a consensus recommendation of “Reduce” from analysts, with two firms rating it as a sell and three as hold, while the average 1-year price target stands at $394.33.
• The company reported quarterly earnings of $4.66 EPS, exceeding analysts' expectations of $3.79, along with a 1.6% year-over-year revenue increase to $1.51 billion.
• Dillard's has announced an increase in its quarterly dividend from $0.25 to $0.30, scheduled for payment on November 3rd to shareholders of record from September 30th.

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 firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $394.3333.

Several equities research analysts have weighed in on DDS shares. UBS Group increased their price target on shares of Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research report on Friday, August 15th. JPMorgan Chase & Co. increased their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Zacks Research cut shares of Dillard's from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Telsey Advisory Group increased their price target on shares of Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Dillard's in a research report on Saturday, September 27th.

Dillard's Price Performance

Shares of NYSE:DDS traded down $7.78 during trading on Friday, reaching $616.08. The company had a trading volume of 104,534 shares, compared to its average volume of 140,740. The company has a fifty day moving average of $543.03 and a two-hundred day moving average of $440.30. The stock has a market capitalization of $9.63 billion, a P/E ratio of 16.99 and a beta of 1.09. Dillard's has a 12 month low of $282.24 and a 12 month high of $637.73. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.55%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the company earned $11.09 EPS. The firm's revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Dillard's will post 33.25 earnings per share for the current year.

Dillard's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be issued a $0.30 dividend. This is a boost from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is currently 3.31%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. New Vernon Capital Holdings II LLC increased its stake in shares of Dillard's by 26,618.5% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock worth $66,694,000 after acquiring an additional 185,531 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Dillard's by 0.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 178,547 shares of the company's stock worth $74,602,000 after acquiring an additional 883 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Dillard's by 14.8% in the 2nd quarter. AQR Capital Management LLC now owns 91,015 shares of the company's stock worth $38,029,000 after acquiring an additional 11,733 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Dillard's by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 77,691 shares of the company's stock worth $27,823,000 after acquiring an additional 641 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Dillard's by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock worth $23,687,000 after acquiring an additional 28,468 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

About Dillard's

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.

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