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

Dillard’s (NYSE:DDS) had its target price lifted by UBS Group from $200.00 to $202.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s target price indicates a potential downside of 48.12% from the stock’s previous close.

A number of other equities analysts have also commented on DDS. Telsey Advisory Group reiterated a “market perform” rating and set a $450.00 price target on shares of Dillard’s in a report on Wednesday. StockNews.com lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Dillard’s Stock Performance

NYSE DDS opened at $389.34 on Friday. The firm’s fifty day moving average price is $463.18 and its two-hundred day moving average price is $414.57. The stock has a market cap of $6.19 billion, a PE ratio of 10.02 and a beta of 0.88. Dillard’s has a fifty-two week low of $328.00 and a fifty-two week high of $510.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Dillard’s (NYSE:DDS) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping analysts’ consensus estimates of $9.84 by $3.64. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $15.44 earnings per share. On average, equities analysts expect that Dillard’s will post 33.25 EPS for the current fiscal year.

Insider Transactions at Dillard’s

In related news, VP Tom W. Bolin sold 300 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the transaction, the vice president now owns 1,167 shares in the company, valued at $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dillard’s

Several hedge funds and other institutional investors have recently bought and sold shares of DDS. Pacer Advisors Inc. acquired a new position in Dillard’s in the third quarter valued at $125,388,000. Clientfirst Wealth Management LLC acquired a new position in shares of Dillard’s during the fourth quarter valued at about $48,873,000. Bank of New York Mellon Corp boosted its position in shares of Dillard’s by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock worth $33,266,000 after purchasing an additional 39,858 shares in the last quarter. Millennium Management LLC boosted its position in shares of Dillard’s by 3,989.8% during the 4th quarter. Millennium Management LLC now owns 37,790 shares of the company’s stock worth $16,315,000 after purchasing an additional 36,866 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Dillard’s by 47.0% during the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company’s stock worth $35,307,000 after purchasing an additional 26,132 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

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.