Bank of America upgraded shares of Dillard’s (NYSE:DDS) from an underperform rating to a buy rating in a research report sent to investors on Monday, MarketBeat Ratings reports. Bank of America currently has $89.00 price target on the stock, up from their prior price target of $77.37.
Several other equities research analysts also recently weighed in on the stock. ValuEngine upgraded shares of Dillard’s from a hold rating to a buy rating in a research note on Friday, February 2nd. JPMorgan Chase restated an underweight rating on shares of Dillard’s in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Dillard’s from a strong-buy rating to a hold rating in a research note on Tuesday, May 1st. Telsey Advisory Group restated an outperform rating and issued a $83.00 target price (up from $72.00) on shares of Dillard’s in a research note on Wednesday, February 28th. Finally, Deutsche Bank raised their target price on shares of Dillard’s from $51.00 to $52.00 and gave the company a sell rating in a research note on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Dillard’s has an average rating of Hold and a consensus price target of $66.00.
Shares of DDS opened at $79.87 on Monday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.64 and a beta of 1.09. Dillard’s has a twelve month low of $48.20 and a twelve month high of $88.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.21.
The business also recently declared a quarterly dividend, which was paid on Monday, May 7th. Shareholders of record on Friday, March 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Dillard’s’s dividend payout ratio is currently 8.33%.
Dillard’s declared that its board has initiated a share buyback program on Thursday, March 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other Dillard’s news, Director James I. Freeman sold 8,357 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $84.05, for a total value of $702,405.85. Following the completion of the transaction, the director now owns 270,224 shares of the company’s stock, valued at $22,712,327.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 19.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DDS. LSV Asset Management raised its holdings in shares of Dillard’s by 3.0% during the first quarter. LSV Asset Management now owns 1,311,427 shares of the company’s stock worth $105,360,000 after purchasing an additional 37,662 shares during the last quarter. J. Goldman & Co LP purchased a new position in shares of Dillard’s during the fourth quarter worth $9,824,000. SG Americas Securities LLC raised its holdings in shares of Dillard’s by 4.5% during the fourth quarter. SG Americas Securities LLC now owns 129,668 shares of the company’s stock worth $7,787,000 after purchasing an additional 5,526 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Dillard’s by 5.2% during the fourth quarter. California Public Employees Retirement System now owns 124,752 shares of the company’s stock worth $7,491,000 after purchasing an additional 6,219 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Dillard’s by 2.3% during the first quarter. Prudential Financial Inc. now owns 98,368 shares of the company’s stock worth $7,903,000 after purchasing an additional 2,240 shares during the last quarter. 87.45% of the stock is owned by institutional investors and hedge funds.
Dillard's, Inc operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It operates through two segments, Retail Operations and Construction. 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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