JPMorgan Chase & Co. Raises Dillard's (NYSE:DDS) Price Target to $458.00

Key Points

• JPMorgan Chase & Co. raised its price target for Dillard's stock from $368.00 to $458.00, while maintaining an "underweight" rating, indicating a potential downside of 8.23% from the previous close.
• Dillard's reported a quarterly EPS of $10.39, surpassing analyst estimates of $9.10, with revenues of $1.54 billion beating expectations as well.
• Hedge funds and institutional investors hold 67.15% of Dillard's stock, with JPMorgan Chase boosting its holdings by 37.6% in the fourth quarter.

Dillard's (NYSE:DDS - Free Report) had its target price hoisted by JPMorgan Chase & Co. from $368.00 to $458.00 in a report released on Monday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts also recently issued reports on DDS. Wall Street Zen downgraded shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. UBS Group raised their price target on shares of Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research note on Friday, May 16th.

Dillard's Stock Performance

Shares of NYSE:DDS traded down $8.15 on Monday, hitting $466.26. The company had a trading volume of 56,831 shares, compared to its average volume of 143,284. Dillard's has a 1-year low of $282.24 and a 1-year high of $514.39. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 12.90 and a beta of 0.99. The stock has a 50 day moving average price of $430.11 and a 200 day moving average price of $407.70. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $10.39 EPS for the quarter, beating the consensus estimate of $9.10 by $1.29. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company posted $11.10 earnings per share. Analysts expect that Dillard's will post 33.25 EPS for the current year.

Dillard's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be given a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. Dillard's's payout ratio is 2.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Dillard's by 62.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock worth $35,000 after purchasing an additional 38 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Dillard's in the 4th quarter worth approximately $36,000. GAMMA Investing LLC lifted its position in shares of Dillard's by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company's stock worth $39,000 after purchasing an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dillard's by 110.6% in the 1st 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 in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in shares of Dillard's by 2,980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

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.