Dillard’s, Inc. (TXSE:DDS) Stock Has Consensus Target Price of $545.67 According to Analysts

Shares of Dillard’s, Inc. (TXSE:DDS) have received an average rating of “Reduce” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $545.67.

Several analysts have recently commented on DDS shares. Weiss Ratings cut Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. UBS Group raised their target price on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research note on Monday, August 17th.

Institutional Investors Weigh In On Dillard’s

Hedge funds have recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. acquired a new position in Dillard’s during the third quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in shares of Dillard’s in the 3rd quarter valued at $31,000. Rockefeller Capital Management L.P. increased its holdings in Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after purchasing an additional 25 shares during the period. Nykredit A S acquired a new stake in Dillard’s during the second quarter worth approximately $26,000. Finally, Root Financial Partners LLC bought a new stake in shares of Dillard’s during the third quarter valued at approximately $41,000. Institutional investors own 67.15% of the company’s stock.

Dillard’s Price Performance

Shares of DDS opened at $602.38 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The firm has a 50-day simple moving average of $651.73 and a two-hundred day simple moving average of $605.90. The stock has a market cap of $9.41 billion, a PE ratio of 13.80 and a beta of 1.00. Dillard’s has a 1-year low of $503.06 and a 1-year high of $741.97.

Dillard’s (TXSE:DDS) last announced its quarterly earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $1.96. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. As a group, analysts forecast that Dillard’s will post 35.50 EPS for the current year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, September 30th were given a $0.30 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio is currently 2.75%.

Dillard’s Company Profile

Dillard’s, Inc is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories.

The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.