Dillard’s (NYSE:DDS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Dillard’s (NYSE:DDS) from a hold rating to a buy rating in a report published on Tuesday morning.

Other equities research analysts have also issued research reports about the company. Telsey Advisory Group cut their target price on Dillard’s from $475.00 to $380.00 and set a market perform rating on the stock in a research report on Friday, August 16th. UBS Group cut their target price on Dillard’s from $202.00 to $194.00 and set a sell rating on the stock in a research report on Friday, August 16th.

Dillard’s Trading Up 2.6 %

NYSE DDS opened at $360.74 on Tuesday. The business’s 50-day moving average price is $375.71 and its two-hundred day moving average price is $412.45. Dillard’s has a 12 month low of $286.39 and a 12 month high of $476.48. The firm has a market capitalization of $5.86 billion, a PE ratio of 8.20 and a beta of 0.85. 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 announced 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). Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company earned $7.98 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts expect that Dillard’s will post 31.2 EPS for the current year.

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.28%. Dillard’s’s payout ratio is currently 2.27%.

Insiders Place Their Bets

In other news, Director Robert C. Connor purchased 100 shares of the business’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the acquisition, the director now owns 78,000 shares in the company, valued at $27,051,960. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 33.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Dillard’s in the second quarter worth approximately $1,141,000. Truist Financial Corp raised its stake in shares of Dillard’s by 168.0% in the second quarter. Truist Financial Corp now owns 4,063 shares of the company’s stock worth $1,789,000 after purchasing an additional 2,547 shares during the last quarter. Creative Planning raised its stake in shares of Dillard’s by 14.6% in the second quarter. Creative Planning now owns 1,002 shares of the company’s stock worth $441,000 after purchasing an additional 128 shares during the last quarter. Algert Global LLC raised its stake in shares of Dillard’s by 289.4% in the second quarter. Algert Global LLC now owns 8,061 shares of the company’s stock worth $3,550,000 after purchasing an additional 5,991 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Dillard’s by 38.4% in the second quarter. Millennium Management LLC now owns 29,030 shares of the company’s stock worth $12,785,000 after purchasing an additional 8,051 shares during 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.