Dillard’s (NYSE:DDS) had its target price cut by JPMorgan Chase & Co. from $54.00 to $37.00 in a report issued on Friday morning, The Fly reports. They currently have an underweight rating on the stock.
Other research analysts have also issued reports about the stock. Deutsche Bank reduced their price target on shares of Dillard’s from $56.00 to $53.00 and set a sell rating for the company in a research report on Thursday, May 16th. Zacks Investment Research upgraded shares of Dillard’s from a sell rating to a hold rating in a research report on Friday, May 17th. TheStreet lowered shares of Dillard’s from a b rating to a c rating in a research report on Thursday, May 16th. Wedbush restated a neutral rating and set a $56.00 price target (down from $62.00) on shares of Dillard’s in a research report on Wednesday. Finally, ValuEngine lowered shares of Dillard’s from a hold rating to a sell rating in a research report on Friday. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. Dillard’s presently has a consensus rating of Sell and an average price target of $57.17.
Shares of DDS traded down $1.28 during mid-day trading on Friday, reaching $55.31. 2,022,400 shares of the stock traded hands, compared to its average volume of 568,183. The firm has a fifty day moving average price of $67.15 and a 200 day moving average price of $66.84. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.03. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.35. Dillard’s has a 1 year low of $47.95 and a 1 year high of $86.71.
The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, June 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.40 annualized dividend and a yield of 0.72%. Dillard’s’s dividend payout ratio (DPR) is presently 6.54%.
In related news, VP Tony J. Bolte sold 2,400 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $64.46, for a total value of $154,704.00. Following the completion of the transaction, the vice president now directly owns 1,840 shares in the company, valued at $118,606.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Connor bought 800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $56.86 per share, with a total value of $45,488.00. Following the completion of the transaction, the director now directly owns 70,200 shares of the company’s stock, valued at approximately $3,991,572. The disclosure for this purchase can be found here. 20.10% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Investors Research Corp purchased a new stake in Dillard’s during the first quarter valued at about $79,000. CSat Investment Advisory L.P. boosted its position in Dillard’s by 4.7% during the first quarter. CSat Investment Advisory L.P. now owns 3,392 shares of the company’s stock valued at $244,000 after buying an additional 153 shares during the period. New Amsterdam Partners LLC NY purchased a new stake in Dillard’s during the first quarter valued at about $1,219,000. Shell Asset Management Co. purchased a new stake in Dillard’s during the first quarter valued at about $629,000. Finally, Grace & White Inc. NY boosted its position in Dillard’s by 3.7% during the second quarter. Grace & White Inc. NY now owns 39,350 shares of the company’s stock valued at $2,451,000 after buying an additional 1,400 shares during the period. Institutional investors own 88.63% of the company’s stock.
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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