Dillard’s Upgraded to Buy at Buckingham Research (DDS)
Dillard’s (NYSE:DDS) was upgraded by research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Dillard’s (NYSE:DDS) opened at 91.45 on Thursday. Dillard’s has a 52 week low of $75.33 and a 52 week high of $97.87. The stock has a 50-day moving average of $93.12 and a 200-day moving average of $84.71. The company has a market cap of $4.017 billion and a price-to-earnings ratio of 11.43.
Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.07. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts expect that Dillard’s will post $7.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Merrill Lynch initiated coverage on shares of Dillard’s in a research note to investors on Friday, January 17th. They set a “buy” rating and a $90.16 price target on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Dillard’s in a research note to investors on Friday, January 17th. They set a “buy” rating and a $110.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Dillard’s from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $102.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Dillard’s presently has an average rating of “Buy” and an average price target of $96.03.
Dillard’s, Inc (NYSE:DDS) is a fashion apparel, cosmetics and home furnishing retailer.
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