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

Dillard’s (NYSE:DDS) had its target price boosted by investment analysts at UBS Group from $194.00 to $198.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s price target indicates a potential downside of 53.62% from the stock’s current price.

A number of other analysts have also commented on DDS. StockNews.com cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Telsey Advisory Group upped their price target on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday.

Dillard’s Trading Down 1.4 %

NYSE DDS opened at $426.92 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The stock’s 50-day moving average is $376.07 and its 200-day moving average is $397.95. Dillard’s has a one year low of $314.57 and a one year high of $476.48. The firm has a market cap of $6.91 billion, a P/E ratio of 10.99 and a beta of 0.86.

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

Insider Buying and Selling

In other news, Director Robert C. Connor purchased 100 shares of the company’s stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of $346.82 per share, with a total value of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares of the company’s stock, valued at $27,051,960. The trade was a 0.13 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 33.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in Dillard’s during the second quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of Dillard’s during the 3rd quarter worth approximately $29,000. US Bancorp DE increased its holdings 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 acquiring an additional 49 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Dillard’s by 430.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after acquiring an additional 142 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Dillard’s during the 3rd quarter valued at $70,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

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.