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

Key Points

• Analysts remain cautious on Dillard’s: Five analysts assign an average “Reduce” rating, including two sells and three holds, with an average 12-month price target of $545.67 versus the reported share price of $621.44.
• Recent results exceeded expectations: Dillard’s reported quarterly EPS of $6.25, beating consensus by $1.96, while revenue reached $1.53 billion compared with the $1.52 billion estimate.
• Ownership and shareholder returns remain notable: Institutional investors and hedge funds own 67.15% of the stock, insiders own 34.8%, and the company announced a quarterly dividend of $0.30 per share, implying a 0.2% yield.

Dillard's, Inc. (NYSE:DDS - Get Free Report) has been given an average recommendation of "Reduce" by the five analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $545.6667.

Several equities research analysts recently commented on the company. UBS Group increased their price target on Dillard's from $465.00 to $468.00 and gave the company a "sell" rating in a report on Monday, August 17th. Zacks Research cut Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Weiss Ratings lowered Dillard's from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price target on shares of Dillard's from $496.00 to $519.00 and gave the company an "underweight" rating in a research report on Monday, August 17th. Finally, Wall Street Zen raised shares of Dillard's from a "hold" rating to a "buy" rating in a report on Saturday, August 15th.

Insider Buying and Selling at Dillard's

In related news, Director J C. Watts, Jr. sold 400 shares of Dillard's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director owned 10,150 shares in the company, valued at approximately $6,183,177. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 34.80% of the company's stock.

Hedge Funds Weigh In On Dillard's

A number of institutional investors and hedge funds have recently modified their holdings of DDS. Royal Bank of Canada grew its stake in Dillard's by 322.9% during the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company's stock worth $1,257,000 after buying an additional 2,680 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dillard's by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock valued at $50,000 after acquiring an additional 73 shares during the period. Millennium Management LLC boosted its holdings in shares of Dillard's by 18.3% in the first quarter. Millennium Management LLC now owns 44,703 shares of the company's stock valued at $16,009,000 after acquiring an additional 6,913 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Dillard's by 75.6% during the first 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 during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Dillard's in the 1st quarter valued at $3,746,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Down 0.0%

Shares of DDS stock opened at $621.44 on Monday. Dillard's has a 1-year low of $503.06 and a 1-year high of $741.97. The stock's fifty day moving average price is $571.73 and its 200 day moving average price is $586.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 14.24 and a beta of 1.14.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.52 billion. On average, research analysts expect that Dillard's will post 36.37 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend 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 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.

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