Dillard’s, Inc. (DDS) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Dillard’s, Inc. (NYSE:DDS) from a hold rating to a buy rating in a report issued on Friday morning.
Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Dillard’s from a buy rating to a hold rating in a research note on Friday, August 18th. Deutsche Bank AG cut their price target on shares of Dillard’s from $41.00 to $39.00 and set a sell rating for the company in a research note on Friday, May 12th. J P Morgan Chase & Co restated an underweight rating and set a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a research note on Thursday, August 10th. TheStreet upgraded shares of Dillard’s from a c rating to a b- rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of Dillard’s from a sell rating to a hold rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $56.00.
Shares of Dillard’s (NYSE:DDS) opened at 60.36 on Friday. The stock’s 50 day moving average price is $64.62 and its 200-day moving average price is $56.13. The firm has a market capitalization of $1.76 billion, a PE ratio of 14.95 and a beta of 1.12. Dillard’s has a 12 month low of $45.51 and a 12 month high of $83.44.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.77. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. On average, equities analysts anticipate that Dillard’s will post $3.57 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s payout ratio is 7.12%.
In other news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.63% of the company’s stock.
Several large investors have recently bought and sold shares of DDS. BlackRock Inc. raised its stake in shares of Dillard’s by 21,903.1% in the first quarter. BlackRock Inc. now owns 2,079,949 shares of the company’s stock valued at $108,657,000 after acquiring an additional 2,070,496 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Dillard’s in the first quarter valued at approximately $44,419,000. JPMorgan Chase & Co. raised its stake in shares of Dillard’s by 341.0% in the second quarter. JPMorgan Chase & Co. now owns 719,151 shares of the company’s stock valued at $41,488,000 after acquiring an additional 556,072 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dillard’s by 76.0% in the first quarter. Bank of New York Mellon Corp now owns 888,285 shares of the company’s stock valued at $46,404,000 after acquiring an additional 383,505 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Dillard’s by 100.1% in the first quarter. State Street Corp now owns 732,718 shares of the company’s stock valued at $38,277,000 after acquiring an additional 366,518 shares during the last quarter. Institutional investors own 94.10% of the company’s stock.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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