Wedbush cut shares of Dillard’s (NYSE:DDS) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $70.00 price objective on the stock, down from their previous price objective of $95.00. Wedbush also issued estimates for Dillard’s’ Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $3.05 EPS, FY2019 earnings at $6.42 EPS, Q1 2020 earnings at $3.05 EPS, Q2 2020 earnings at ($0.09) EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $3.08 EPS and FY2020 earnings at $6.55 EPS. The analysts noted that the move was a valuation call.
Several other brokerages also recently weighed in on DDS. ValuEngine downgraded shares of Dillard’s from a buy rating to a hold rating in a research note on Friday, August 17th. JPMorgan Chase & Co. increased their target price on shares of Dillard’s to $60.00 and gave the stock an underweight rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research downgraded shares of Dillard’s from a buy rating to a hold rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $71.86.
Shares of DDS opened at $73.53 on Tuesday. Dillard’s has a fifty-two week low of $49.91 and a fifty-two week high of $98.75. The stock has a market cap of $2.03 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 0.23.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 16th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.33. Dillard’s had a net margin of 3.84% and a return on equity of 10.20%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned ($0.58) earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dillard’s will post 6.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, September 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.40 annualized dividend and a yield of 0.54%. Dillard’s’s dividend payout ratio is currently 8.33%.
In other news, Director Robert C. Connor purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was purchased at an average cost of $75.42 per share, with a total value of $75,420.00. Following the completion of the acquisition, the director now directly owns 68,000 shares of the company’s stock, valued at approximately $5,128,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Warren A. Stephens purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were purchased at an average cost of $76.41 per share, with a total value of $764,100.00. The disclosure for this purchase can be found here. Corporate insiders own 19.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DDS. BlackRock Inc. increased its holdings in Dillard’s by 8.6% in the second quarter. BlackRock Inc. now owns 2,082,876 shares of the company’s stock valued at $196,832,000 after buying an additional 164,561 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Dillard’s in the third quarter valued at about $9,943,000. Renaissance Technologies LLC purchased a new position in Dillard’s in the second quarter valued at about $6,076,000. James Investment Research Inc. increased its holdings in Dillard’s by 55,315.1% in the second quarter. James Investment Research Inc. now owns 29,370 shares of the company’s stock valued at $2,775,000 after buying an additional 29,317 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Dillard’s by 753.0% in the first quarter. Russell Investments Group Ltd. now owns 31,049 shares of the company’s stock valued at $2,495,000 after buying an additional 27,409 shares in the last quarter. 88.01% of the stock is owned by hedge funds and other institutional investors.
Dillard’s Company Profile
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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