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.
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.
Read More: Percentage Gainers
Receive News & Ratings for Dillard's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's and related companies with MarketBeat.com's FREE daily email newsletter.