Wedbush restated their underperform rating on shares of Dillard’s (NYSE:DDS) in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. They currently have a $54.00 target price on the stock, down from their previous target price of $65.00. Wedbush also issued estimates for Dillard’s’ FY2021 earnings at $5.00 EPS.
Other equities analysts also recently issued research reports about the company. Bank of America reiterated an underperform rating and issued a $64.00 price objective (up previously from $55.00) on shares of Dillard’s in a research note on Tuesday, February 26th. JPMorgan Chase & Co. downgraded Dillard’s from a neutral rating to an underweight rating and dropped their price objective for the company from $68.00 to $57.00 in a research note on Monday, March 4th. Deutsche Bank upped their price objective on Dillard’s from $55.00 to $62.00 and gave the company a sell rating in a research note on Tuesday, February 26th. Zacks Investment Research downgraded Dillard’s from a buy rating to a hold rating in a research note on Monday, February 4th. Finally, ValuEngine downgraded Dillard’s from a hold rating to a sell rating in a research note on Thursday, January 24th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of Sell and a consensus target price of $61.14.
Shares of NYSE DDS traded up $0.90 during midday trading on Thursday, reaching $57.64. The company’s stock had a trading volume of 19,628 shares, compared to its average volume of 347,147. Dillard’s has a 12-month low of $55.01 and a 12-month high of $98.75. The company has a market capitalization of $1.67 billion, a PE ratio of 9.40, a PEG ratio of 1.12 and a beta of 0.88. The company has a quick ratio of 0.26, a current ratio of 1.90 and a debt-to-equity ratio of 0.34.
Dillard’s (NYSE:DDS) last announced its earnings results on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.11). Dillard’s had a return on equity of 9.79% and a net margin of 2.62%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. Dillard’s’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts expect that Dillard’s will post 5.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, March 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. Dillard’s’s payout ratio is 6.54%.
In other Dillard’s news, VP Mike Litchford sold 1,060 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $73.81, for a total transaction of $78,238.60. Following the sale, the vice president now owns 1,932 shares of the company’s stock, valued at approximately $142,600.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of DDS. Investors Research Corp bought a new stake in Dillard’s during the 1st quarter valued at $79,000. NumerixS Investment Technologies Inc bought a new stake in Dillard’s during the 1st quarter valued at $86,000. Quantamental Technologies LLC bought a new stake in Dillard’s during the 4th quarter valued at $96,000. Advisors Asset Management Inc. raised its holdings in Dillard’s by 17.7% during the 4th quarter. Advisors Asset Management Inc. now owns 2,163 shares of the company’s stock valued at $130,000 after acquiring an additional 326 shares during the period. Finally, Institute for Wealth Management LLC. bought a new stake in Dillard’s during the 1st quarter valued at $202,000. 89.71% of the stock is currently owned by institutional investors and hedge funds.
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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