Dillard’s (NYSE:DDS) Given New $450.00 Price Target at Telsey Advisory Group

Dillard’s (NYSE:DDS) had its price target lifted by equities research analysts at Telsey Advisory Group from $380.00 to $450.00 in a research note issued on Friday,Briefing.com Automated Import reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 3.76% from the company’s current price.

Several other analysts also recently commented on the stock. StockNews.com downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group reduced their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th.

Dillard’s Trading Up 11.6 %

Shares of Dillard’s stock opened at $433.69 on Friday. The firm’s 50 day simple moving average is $372.67 and its two-hundred day simple moving average is $397.84. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 10.68 and a beta of 0.86. Dillard’s has a 12-month low of $314.57 and a 12-month high of $476.48. 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 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 return on equity of 34.29% and a net margin of 9.94%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business earned $7.98 earnings per share. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. Analysts predict that Dillard’s will post 31.2 EPS for the current year.

Insiders Place Their Bets

In other Dillard’s news, Director Robert C. Connor bought 100 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the transaction, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. This represents a 0.13 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 33.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC acquired a new stake in Dillard’s during the 2nd quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in Dillard’s during the third quarter worth about $29,000. US Bancorp DE raised its stake in shares of Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after acquiring an additional 49 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Dillard’s by 430.3% in the second quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after buying an additional 142 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Dillard’s in the 3rd quarter valued at $70,000. Institutional investors and hedge funds 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.