UBS Group Forecasts Strong Price Appreciation for Dillard’s (NYSE:DDS) Stock

Dillard’s (NYSE:DDS) had its price objective boosted by analysts at UBS Group from $194.00 to $198.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s price target points to a potential downside of 53.64% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Telsey Advisory Group lifted 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. StockNews.com lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Dillard’s Stock Down 1.4 %

Dillard’s stock traded down $5.96 on Friday, hitting $427.10. 35,582 shares of the stock traded hands, compared to its average volume of 117,638. The company has a current ratio of 3.14, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm has a market cap of $6.91 billion, a P/E ratio of 10.52 and a beta of 0.86. The business’s fifty day simple moving average is $372.67 and its 200 day simple moving average is $397.84. Dillard’s has a 1 year low of $314.57 and a 1 year high of $476.48.

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

Insider Buying and Selling

In other Dillard’s news, Director Robert C. Connor acquired 100 shares of Dillard’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the acquisition, the director now owns 78,000 shares of the company’s stock, valued at $27,051,960. This represents a 0.13 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 33.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dillard’s

Several large investors have recently bought and sold shares of DDS. Atlantic Edge Private Wealth Management LLC bought a new stake in Dillard’s in the 2nd quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in shares of Dillard’s during the 3rd quarter valued at about $29,000. US Bancorp DE grew its stake in shares of Dillard’s by 61.3% during the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after purchasing an additional 49 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Dillard’s during the 3rd quarter valued at about $70,000. Finally, Point72 Hong Kong Ltd grew its stake in shares of Dillard’s by 430.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after purchasing an additional 142 shares during the period. 67.15% of the stock is currently owned by institutional investors.

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.