UBS Group Boosts Dillard’s (NYSE:DDS) Price Target to $198.00

Dillard’s (NYSE:DDS) had its target price increased by UBS Group from $194.00 to $198.00 in a research note published on Friday,Benzinga reports. The firm currently has a sell rating on the stock.

Other equities analysts have also issued reports about the company. StockNews.com lowered Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Telsey Advisory Group upped their target price on Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a report on Friday.

Dillard’s Stock Down 1.4 %

NYSE DDS traded down $6.14 on Friday, hitting $426.92. 214,845 shares of the stock traded hands, compared to its average volume of 118,445. The company has a market capitalization of $6.91 billion, a P/E ratio of 10.51 and a beta of 0.86. The stock has a 50-day moving average of $376.07 and a 200 day moving average of $397.95. Dillard’s has a twelve month low of $314.57 and a twelve month high of $476.48. The company has a current ratio of 3.14, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing the consensus estimate of $5.97 by ($1.38). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $7.98 earnings per share. As a group, analysts expect that Dillard’s will post 31.2 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Monday, September 30th. Dillard’s’s dividend payout ratio (DPR) is 2.46%.

Insider Activity at Dillard’s

In other news, Director Robert C. Connor purchased 100 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $346.82 per share, with a total value of $34,682.00. Following the purchase, the director now owns 78,000 shares in the company, valued at $27,051,960. This trade represents a 0.13 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 33.80% of the company’s stock.

Institutional Trading of Dillard’s

A number of hedge funds and other institutional investors have recently modified their holdings of DDS. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Dillard’s in the 2nd quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of Dillard’s in the 3rd quarter worth $29,000. US Bancorp DE raised its stake in shares of Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after buying an additional 49 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Dillard’s in the 3rd quarter worth $70,000. Finally, Point72 Hong Kong Ltd raised its stake in shares of Dillard’s by 430.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock worth $77,000 after buying an additional 142 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.