Dillard’s (NYSE:DDS) had its price target increased by JPMorgan Chase & Co. to $60.00 in a report issued on Thursday, The Fly reports. The firm currently has an underweight rating on the stock.

Other equities research analysts have also issued research reports about the company. ValuEngine lowered Dillard’s from a strong-buy rating to a buy rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Dillard’s from a hold rating to a buy rating and set a $89.00 target price for the company in a research note on Wednesday, May 23rd. Bank of America upgraded Dillard’s from an underperform rating to a buy rating and increased their target price for the company from $77.37 to $89.00 in a research note on Monday, May 21st. TheStreet lowered Dillard’s from a b rating to a c+ rating in a research note on Thursday, May 17th. Finally, Susquehanna Bancshares reiterated a neutral rating and issued a $60.00 target price on shares of Dillard’s in a research note on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $75.43.

NYSE:DDS traded down $0.72 on Thursday, hitting $75.08. 36,455 shares of the stock were exchanged, compared to its average volume of 596,939. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.21. Dillard’s has a fifty-two week low of $49.91 and a fifty-two week high of $98.75. The firm has a market capitalization of $2.37 billion, a PE ratio of 15.55, a P/E/G ratio of 1.37 and a beta of 0.93.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.33. Dillard’s had a return on equity of 9.45% and a net margin of 3.65%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned ($0.58) earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts anticipate that Dillard’s will post 6.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 6th. Stockholders of record on Friday, June 29th were paid a $0.10 dividend. The ex-dividend date was Thursday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Dillard’s’s dividend payout ratio (DPR) is currently 8.33%.

In related news, VP Tom W. Bolin sold 495 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $92.22, for a total value of $45,648.90. Following the completion of the transaction, the vice president now owns 569 shares of the company’s stock, valued at $52,473.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael S. Mcniff sold 10,000 shares of the stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $93.31, for a total value of $933,100.00. Following the completion of the transaction, the vice president now directly owns 20,357 shares of the company’s stock, valued at approximately $1,899,511.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,226 shares of company stock valued at $10,699,113. Insiders own 19.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted 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 purchasing an additional 164,561 shares during the last quarter. LSV Asset Management boosted its holdings in Dillard’s by 3.0% in the first quarter. LSV Asset Management now owns 1,311,427 shares of the company’s stock valued at $105,360,000 after purchasing an additional 37,662 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Dillard’s by 2.3% in the first quarter. Prudential Financial Inc. now owns 98,368 shares of the company’s stock valued at $7,903,000 after purchasing an additional 2,240 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Dillard’s in the first quarter valued at about $6,075,000. Finally, KBC Group NV boosted its holdings in Dillard’s by 54.8% in the first quarter. KBC Group NV now owns 69,332 shares of the company’s stock valued at $5,570,000 after purchasing an additional 24,540 shares during the last quarter. 89.47% of the stock is owned by hedge funds and other 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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The Fly

Analyst Recommendations for Dillard`s (NYSE:DDS)

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