Dillard's (NYSE:DDS) Given New $519.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its Dillard’s price target from $496 to $519 but maintained an “underweight” rating, implying approximately 10.6% downside from the reported share price.
• Analyst sentiment remains cautious: Dillard’s has an average “Reduce” rating and a consensus price target of $545.67, despite mixed individual recommendations.
• Dillard’s reported a strong quarterly performance, with earnings per share of $6.25 versus the $4.29 consensus estimate and revenue of $1.53 billion, slightly above expectations.

Dillard's (NYSE:DDS - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $496.00 to $519.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential downside of 10.60% from the stock's current price.

A number of other brokerages have also weighed in on DDS. Wall Street Zen upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group boosted their price target on shares of Dillard's from $465.00 to $468.00 and gave the company a "sell" rating in a research report on Monday. Weiss Ratings cut shares of Dillard's from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, June 23rd. Finally, Zacks Research downgraded shares of Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $545.67.

Dillard's Stock Performance

Shares of DDS stock traded up $19.64 on Monday, hitting $580.51. 61,875 shares of the stock were exchanged, compared to its average volume of 127,476. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.07 billion, a PE ratio of 13.32 and a beta of 1.14. Dillard's has a one year low of $495.00 and a one year high of $741.97. The firm's 50 day moving average is $572.30 and its two-hundred day moving average is $587.14.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Sell-side analysts expect that Dillard's will post 35.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dillard's news, Director J C. Watts, Jr. sold 400 shares of Dillard's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the transaction, the director owned 10,150 shares of the company's stock, valued at $6,183,177. The trade was a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 34.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dillard's

A number of institutional investors and hedge funds have recently modified their holdings of DDS. Wedge Capital Management L L P NC grew its stake in 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 valued at $34,515,000 after acquiring an additional 3,907 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Dillard's by 6.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,680 shares of the company's stock worth $1,416,000 after acquiring an additional 160 shares during the period. CX Institutional lifted its stake in Dillard's by 11.0% in the 2nd quarter. CX Institutional now owns 6,555 shares of the company's stock worth $3,464,000 after purchasing an additional 652 shares in the last quarter. Parallel Advisors LLC lifted its stake in Dillard's by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company's stock worth $225,000 after purchasing an additional 25 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Dillard's by 480.3% in the 1st quarter. NewEdge Advisors LLC now owns 1,352 shares of the company's stock worth $774,000 after purchasing an additional 1,119 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

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.

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