Dillard’s, Inc. (NYSE:DDS) – Equities research analysts at Wedbush reduced their FY2019 earnings per share estimates for Dillard’s in a research report issued on Tuesday, October 30th. Wedbush analyst J. Redding now expects that the company will post earnings per share of $6.42 for the year, down from their prior estimate of $6.61. Wedbush currently has a “Neutral” rating and a $70.00 price target on the stock. Wedbush also issued estimates for Dillard’s’ FY2020 earnings at $6.55 EPS.
Several other brokerages also recently issued reports on DDS. ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dillard’s to $60.00 and gave the company an “underweight” rating in a research note on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $71.86.
Shares of NYSE DDS opened at $72.99 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.22 and a beta of 0.87. Dillard’s has a 1 year low of $49.91 and a 1 year high of $98.75.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.33. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.47 billion. Dillard’s had a net margin of 3.84% and a return on equity of 10.20%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.58) earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, September 27th. Dillard’s’s dividend payout ratio is presently 8.33%.
In related news, Director Warren A. Stephens purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was purchased at an average price of $76.41 per share, with a total value of $764,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Connor purchased 1,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were bought at an average cost of $75.42 per share, with a total value of $75,420.00. Following the purchase, the director now directly owns 68,000 shares of the company’s stock, valued at approximately $5,128,560. The disclosure for this purchase can be found here. Insiders own 19.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of DDS. BlackRock Inc. raised its stake in shares of Dillard’s by 8.6% during the second quarter. BlackRock Inc. now owns 2,082,876 shares of the company’s stock valued at $196,832,000 after acquiring an additional 164,561 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Dillard’s during the third quarter valued at approximately $9,943,000. Renaissance Technologies LLC purchased a new position in Dillard’s during the second quarter valued at approximately $6,076,000. James Investment Research Inc. increased its holdings in Dillard’s by 55,315.1% during 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 during the period. Finally, Russell Investments Group Ltd. increased its holdings in Dillard’s by 753.0% during 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 during the period. 88.01% of the stock is owned by hedge funds and other institutional investors.
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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