Dillard’s (NYSE:DDS) Lifted to Neutral at Wedbush

Wedbush upgraded shares of Dillard’s (NYSE:DDS) from an underperform rating to a neutral rating in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. Wedbush currently has $62.00 target price on the stock, up from their prior target price of $54.00. Wedbush also issued estimates for Dillard’s’ FY2021 earnings at $4.97 EPS.

DDS has been the subject of several other reports. ValuEngine cut shares of Intersect ENT from a buy rating to a hold rating in a research report on Monday, July 8th. TheStreet raised shares of ZTO Express (Cayman) from a c+ rating to a b rating in a research report on Thursday, May 16th. Zacks Investment Research raised shares of HANNOVER RUECK/S from a sell rating to a hold rating in a research report on Friday, May 17th. Finally, Deutsche Bank raised their target price on shares of Macy’s from $27.00 to $28.00 and gave the stock a hold rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of Hold and an average price target of $62.67.

NYSE:DDS opened at $65.52 on Thursday. The stock has a 50-day moving average of $59.40. Dillard’s has a 12 month low of $53.96 and a 12 month high of $94.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.22 and a current ratio of 1.78. The stock has a market cap of $1.69 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.00.

Dillard’s (NYSE:DDS) last posted its earnings results on Wednesday, May 15th. The company reported $2.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Dillard’s will post 5.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, June 28th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. Dillard’s’s dividend payout ratio (DPR) is currently 6.54%.

In other Dillard’s news, Director Robert C. Connor purchased 800 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost of $56.86 per share, with a total value of $45,488.00. Following the transaction, the director now directly owns 70,200 shares in the company, valued at approximately $3,991,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DDS. Investors Research Corp purchased a new position in Dillard’s during the 1st quarter valued at about $79,000. NumerixS Investment Technologies Inc purchased a new position in Dillard’s during the 1st quarter valued at about $86,000. Xact Kapitalforvaltning AB purchased a new position in Dillard’s during the 1st quarter valued at about $216,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Dillard’s during the 1st quarter valued at about $234,000. Finally, CSat Investment Advisory L.P. lifted its position in Dillard’s by 4.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 3,392 shares of the company’s stock valued at $244,000 after acquiring an additional 153 shares during the period. 88.77% of the stock is owned by institutional investors.

About Dillard’s

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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Analyst Recommendations for Dillard`s (NYSE:DDS)

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