Dillard’s (NYSE:DDS) Price Target Raised to $460.00

Dillard’s (NYSE:DDS) had its price target hoisted by UBS Group from $184.00 to $460.00 in a research note published on Friday, Marketbeat.com reports. They currently have a sell rating on the stock.

A number of other analysts have also recently commented on DDS. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Telsey Advisory Group lifted their price target on shares of Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. boosted their price target on shares of Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Dillard’s currently has an average rating of “Reduce” and an average price target of $511.33.

Dillard’s Trading Down 0.2%

DDS stock opened at $670.06 on Friday. Dillard’s has a 52-week low of $282.24 and a 52-week high of $737.73. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.48 billion, a P/E ratio of 18.48 and a beta of 1.15. The company’s 50-day simple moving average is $613.04 and its 200-day simple moving average is $520.23.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.88. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.41 billion. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.Dillard’s’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.73 EPS. As a group, equities analysts forecast that Dillard’s will post 33.25 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Dillard’s’s payout ratio is 3.26%.

Insider Activity

In other news, Director J C. Watts, Jr. sold 750 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $594.60, for a total transaction of $445,950.00. Following the completion of the sale, the director owned 10,250 shares of the company’s stock, valued at $6,094,650. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.80% of the stock is owned by insiders.

Institutional Trading of Dillard’s

Several large investors have recently bought and sold shares of DDS. Advisory Services Network LLC acquired a new stake in shares of Dillard’s in the third quarter worth approximately $86,000. Jacobs Levy Equity Management Inc. raised its stake in Dillard’s by 0.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 25,687 shares of the company’s stock worth $15,784,000 after purchasing an additional 87 shares during the period. Armistice Capital LLC acquired a new position in shares of Dillard’s in the 3rd quarter valued at $552,000. Caxton Associates LLP purchased a new stake in shares of Dillard’s during the 3rd quarter valued at $408,000. Finally, Voleon Capital Management LP grew its stake in shares of Dillard’s by 1,931.8% during the 3rd quarter. Voleon Capital Management LP now owns 15,482 shares of the company’s stock valued at $9,513,000 after buying an additional 14,720 shares during the period. 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.