Dillard’s (NYSE:DDS) Upgraded at StockNews.com

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

DDS has been the topic of a number of other research reports. Telsey Advisory Group lifted their price objective on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday. UBS Group boosted their price target on shares of Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday.

Dillard’s Trading Down 1.4 %

Shares of DDS stock opened at $426.92 on Friday. Dillard’s has a fifty-two week low of $314.57 and a fifty-two week high of $476.48. The firm has a market capitalization of $6.91 billion, a P/E ratio of 10.99 and a beta of 0.86. The stock’s fifty day moving average is $376.07 and its two-hundred day moving average is $397.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 2.38.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted $7.98 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. Research analysts expect that Dillard’s will post 31.2 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Monday, September 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.57%.

Institutional Investors Weigh In On Dillard’s

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its holdings in Dillard’s by 9.0% in the 3rd quarter. Barclays PLC now owns 2,424 shares of the company’s stock valued at $930,000 after purchasing an additional 200 shares during the last quarter. State Street Corp lifted its stake in Dillard’s by 3.7% during the 3rd quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after acquiring an additional 2,758 shares in the last quarter. Stifel Financial Corp boosted its holdings in Dillard’s by 10.1% during the 3rd quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock valued at $1,957,000 after acquiring an additional 467 shares during the period. Martingale Asset Management L P boosted its holdings in Dillard’s by 24.3% during the 3rd quarter. Martingale Asset Management L P now owns 4,762 shares of the company’s stock valued at $1,827,000 after acquiring an additional 930 shares during the period. Finally, Cynosure Group LLC grew its position in Dillard’s by 117.9% in the 3rd quarter. Cynosure Group LLC now owns 1,950 shares of the company’s stock valued at $748,000 after acquiring an additional 1,055 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

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.