JPMorgan Chase & Co. Issues Positive Forecast for Dillard's (NYSE:DDS) Stock Price

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 - Get Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $368.00 to $458.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 8.23% from the stock's previous close.

Several other brokerages also recently commented on DDS. Telsey Advisory Group reiterated a "market perform" rating and issued a $450.00 target price on shares of Dillard's in a report on Friday, May 16th. UBS Group lifted their price target on shares of Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Dillard's Trading Up 0.2%

Shares of NYSE:DDS opened at $499.07 on Monday. The stock has a market capitalization of $7.81 billion, a PE ratio of 13.79 and a beta of 0.99. 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 has a 1 year low of $282.24 and a 1 year high of $510.00. The firm has a fifty day moving average price of $425.20 and a 200 day moving average price of $406.25.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Dillard's during the fourth quarter worth $556,000. Corient Private Wealth LLC bought a new position in Dillard's in the 4th quarter worth approximately $288,000. KLP Kapitalforvaltning AS bought a new position in Dillard's during the 4th quarter valued at $680,000. JPMorgan Chase & Co. lifted its holdings in shares of Dillard's by 37.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,256 shares of the company's stock valued at $4,428,000 after purchasing an additional 2,801 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Dillard's during the 4th quarter worth about $4,484,000. Hedge funds and other institutional investors 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.

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