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

Dillard's (NYSE:DDS - Get Free Report) had its price objective boosted by equities researchers at UBS Group from $200.00 to $202.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. UBS Group's target price indicates a potential downside of 45.27% from the stock's current price.

Several other research analysts have also issued reports on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 target price on shares of Dillard's in a research report on Wednesday, February 26th. StockNews.com cut shares of Dillard's from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Dillard's Trading Up 0.6 %

DDS traded up $2.23 on Friday, hitting $369.10. 240,812 shares of the company were exchanged, compared to its average volume of 124,999. 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 has a 12 month low of $328.00 and a 12 month high of $510.00. The firm has a fifty day simple moving average of $459.93 and a two-hundred day simple moving average of $414.97. The stock has a market capitalization of $5.87 billion, a PE ratio of 9.50 and a beta of 0.88.

Dillard's (NYSE:DDS - Get Free Report) 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. Dillard's's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $15.44 earnings per share. Sell-side analysts expect that Dillard's will post 33.25 earnings per share for the current year.

Insiders Place Their Bets

In other Dillard's news, VP Tom W. Bolin sold 300 shares of the stock in a transaction dated Tuesday, January 14th. The stock was 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 of the company's stock, valued at approximately $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 33.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dillard's

A number of large investors have recently made changes to their positions in the company. Creative Planning lifted its stake in shares of Dillard's by 49.7% in the 3rd quarter. Creative Planning now owns 1,500 shares of the company's stock worth $576,000 after purchasing an additional 498 shares during the period. Allspring Global Investments Holdings LLC raised its position in Dillard's by 11.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company's stock worth $175,000 after acquiring an additional 45 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Dillard's in the third quarter worth approximately $70,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Dillard's by 70.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,176 shares of the company's stock worth $451,000 after acquiring an additional 488 shares during the last quarter. Finally, US Bancorp DE grew its position 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 acquiring an additional 49 shares during the period. 67.15% of the stock is currently owned by institutional investors.

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.