Dillard’s Inc. (DDS) Upgraded by Credit Suisse Group AG to “Outperform”
Credit Suisse Group AG upgraded shares of Dillard’s Inc. (NYSE:DDS) from a neutral rating to an outperform rating in a research note issued to investors on Wednesday. Credit Suisse Group AG currently has $70.00 price objective on the stock, up from their previous price objective of $63.00.
Other equities research analysts have also issued research reports about the company. Bank of America Corp. reissued a sell rating and issued a $55.00 target price on shares of Dillard’s in a research note on Friday, August 12th. Telsey Advisory Group boosted their target price on Dillard’s from $62.00 to $65.00 and gave the company a market perform rating in a research note on Friday, August 12th. Finally, Zacks Investment Research raised Dillard’s from a strong sell rating to a buy rating and set a $73.00 target price for the company in a research note on Wednesday, July 13th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Dillard’s has a consensus rating of Hold and an average target price of $66.39.
Dillard’s (NYSE:DDS) traded up 0.5657% during midday trading on Wednesday, reaching $61.5462. The company had a trading volume of 40,620 shares. The company has a 50-day moving average price of $61.93 and a 200-day moving average price of $65.83. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.1645 and a beta of 1.15. Dillard’s has a one year low of $54.37 and a one year high of $94.12.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Dillard’s had a return on equity of 11.74% and a net margin of 3.31%. The firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts expect that Dillard’s will post $5.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.46%. Dillard’s’s payout ratio is 4.65%.
Several institutional investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. boosted its position in Dillard’s by 1.8% in the first quarter. Panagora Asset Management Inc. now owns 209,686 shares of the company’s stock valued at $17,804,000 after buying an additional 3,619 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Dillard’s by 32.6% in the first quarter. BlackRock Group LTD now owns 18,149 shares of the company’s stock worth $1,541,000 after buying an additional 4,462 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Dillard’s during the second quarter worth approximately $2,782,000. BlackRock Inc. boosted its position in shares of Dillard’s by 186.8% in the first quarter. BlackRock Inc. now owns 3,531 shares of the company’s stock worth $300,000 after buying an additional 2,300 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Dillard’s by 9.9% in the second quarter. California Public Employees Retirement System now owns 103,700 shares of the company’s stock worth $6,284,000 after buying an additional 9,300 shares in the last quarter. 78.96% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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