Dillard’s Inc. (DDS) Stock Rating Upgraded by Zacks Investment Research
Dillard’s Inc. (NYSE:DDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a $73.00 price objective on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.30% from the stock’s previous close.
According to Zacks, “Dillard’s constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and eCommerce business place it well, as it is likely to help it retain existing customers and attract new ones. The company’s focus on increasing productivity, developing a leading omni-channel platform and enhancing its domestic operations is also expected to support future results. Moreover, the company’s strong financial status provides the flexibility to make shareholder-friendly moves and further business expansion. While the company’s earnings and sales topped estimates in the last reported quarter, Dillard’s fiscal 2016 outlook indicates significant cost pressures, which might hurt margins and bottom line. Soft economic recovery and stiff competition in the retail merchandise space may also prove to be hurdles.”
Several other research firms have also recently commented on DDS. Telsey Advisory Group boosted their price target on Dillard’s from $62.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 12th. Credit Suisse Group AG upgraded Dillard’s from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $63.00 to $70.00 in a research note on Wednesday, September 28th. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $55.00 price target on shares of Dillard’s in a research note on Friday, August 12th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Dillard’s presently has an average rating of “Hold” and an average price target of $66.39.
Dillard’s (NYSE:DDS) traded down 1.07% during trading on Thursday, reaching $64.89. The company’s stock had a trading volume of 133,236 shares. The stock has a 50 day moving average price of $61.34 and a 200 day moving average price of $65.04. The stock has a market capitalization of $2.22 billion, a PE ratio of 10.72 and a beta of 1.18. Dillard’s has a 1-year low of $54.37 and a 1-year high of $94.12.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 11th. The company reported $0.35 earnings per share 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 company earned $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year. Analysts anticipate that Dillard’s will post $5.88 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, September 28th. Dillard’s’s dividend payout ratio (DPR) is presently 4.65%.
Several institutional investors have recently bought and sold shares of DDS. Aperio Group LLC raised its position in Dillard’s by 27.8% in the first quarter. Aperio Group LLC now owns 4,138 shares of the company’s stock valued at $351,000 after buying an additional 899 shares during the period. Virginia Retirement System bought a new position in Dillard’s during the first quarter valued at approximately $1,443,000. BlackRock Inc. raised its position in Dillard’s by 186.8% in the first quarter. BlackRock Inc. now owns 3,531 shares of the company’s stock valued at $300,000 after buying an additional 2,300 shares during the period. BlackRock Group LTD raised its position in Dillard’s by 32.6% in the first quarter. BlackRock Group LTD now owns 18,149 shares of the company’s stock valued at $1,541,000 after buying an additional 4,462 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Dillard’s by 5.2% in the first quarter. Canada Pension Plan Investment Board now owns 192,219 shares of the company’s stock valued at $16,321,000 after buying an additional 9,500 shares during the period. 78.96% of the stock is owned by 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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