Dillard’s (NYSE:DDS) Price Target Raised to $202.00 at UBS Group

Dillard’s (NYSE:DDS) had its price objective increased by UBS Group from $200.00 to $202.00 in a report released on Friday morning,Benzinga reports. UBS Group currently has a sell rating on the stock.

DDS has been the topic of a number of other research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research report on Wednesday. StockNews.com cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday.

Dillard’s Stock Down 2.4 %

Shares of NYSE:DDS opened at $389.34 on Friday. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 10.02 and a beta of 0.88. Dillard’s has a 12 month low of $328.00 and a 12 month high of $510.00. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $463.18 and a 200 day moving average price of $414.45.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.84 by $3.64. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the company earned $15.44 EPS. As a group, equities research analysts predict that Dillard’s will post 33.25 earnings per share for the current year.

Dillard’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Monday, March 31st. Dillard’s’s payout ratio is currently 2.71%.

Insider Buying and Selling at Dillard’s

In related news, VP Tom W. Bolin sold 300 shares of Dillard’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, the vice president now owns 1,167 shares in the company, valued at $505,836.15. This trade represents a 20.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 33.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dillard’s

A number of institutional investors have recently modified their holdings of DDS. PNC Financial Services Group Inc. grew its stake in Dillard’s by 177.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after purchasing an additional 39 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Dillard’s during the 3rd quarter valued at $29,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Dillard’s in the 4th quarter worth $36,000. US Bancorp DE grew its position in shares of Dillard’s by 61.3% during 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. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Dillard’s during the third quarter valued at $70,000. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.