UBS Group Issues Positive Forecast for Dillard’s (NYSE:DDS) Stock Price

Dillard’s (NYSE:DDS) had its target price boosted by UBS Group from $170.00 to $175.00 in a research report released on Friday morning,Benzinga reports. UBS Group currently has a sell rating on the stock.

Several other research analysts have also weighed in on DDS. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Finally, Telsey Advisory Group raised their target price on Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a research note on Friday.

Dillard’s Stock Performance

DDS stock opened at $514.23 on Friday. The stock has a 50-day moving average price of $447.92 and a 200-day moving average price of $408.99. Dillard’s has a 1-year low of $282.24 and a 1-year high of $533.23. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $8.04 billion, a PE ratio of 14.18 and a beta of 1.06.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.87. Dillard’s had a return on equity of 30.74% and a net margin of 8.87%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $11.09 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Dillard’s will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.76%.

Institutional Trading of Dillard’s

Several large investors have recently made changes to their positions in DDS. PNC Financial Services Group Inc. grew its stake 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 valued at $35,000 after buying an additional 38 shares during the period. EverSource Wealth Advisors LLC lifted its position in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. GAMMA Investing LLC lifted its position in Dillard’s by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after acquiring an additional 64 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 Dillard’s by 2,980.0% in 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 in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

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.