Dillard’s Inc. (DDS) Lowered to Hold at Zacks Investment Research
Dillard’s Inc. (NYSE:DDS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Dillard’s constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and eCommerce business place it well, as it is likely to help it retain existing customers and attract new ones. The company’s focus on increasing productivity, developing a leading omni-channel platform and enhancing its domestic operations is also expected to support future results. Moreover, the company’s strong financial status provides the flexibility to make shareholder-friendly moves and further business expansion. While the company’s earnings and sales topped estimates in the last reported quarter, Dillard’s fiscal 2016 outlook indicates significant cost pressures, which might hurt margins and bottom line. Soft economic recovery and stiff competition in the retail merchandise space may also prove to be hurdles. Estimates have witnessed a negative trend ahead of the third quarter results.”
Several other research analysts have also recently commented on the company. Credit Suisse Group AG upgraded Dillard’s from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $63.00 to $70.00 in a research note on Wednesday, September 28th. Bank of America Corp. restated a “sell” rating and set a $55.00 price objective on shares of Dillard’s in a research note on Friday, August 12th. Finally, Telsey Advisory Group upped their price objective on Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 12th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Dillard’s presently has a consensus rating of “Hold” and a consensus target price of $66.39.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/dillards-inc-dds-lowered-to-hold-at-zacks-investment-research.html
Dillard’s (NYSE:DDS) traded up 0.43% during mid-day trading on Tuesday, hitting $58.15. The company had a trading volume of 486,309 shares. The firm has a market cap of $1.99 billion, a P/E ratio of 9.60 and a beta of 1.18. The stock’s 50 day moving average price is $60.69 and its 200 day moving average price is $63.87. Dillard’s has a 52-week low of $54.37 and a 52-week high of $94.12.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Dillard’s had a return on equity of 11.74% and a net margin of 3.31%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Dillard’s will post $5.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Wednesday, September 28th. Dillard’s’s payout ratio is 4.65%.
Several hedge funds have recently made changes to their positions in DDS. Dimensional Fund Advisors LP boosted its stake in shares of Dillard’s by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,324,652 shares of the company’s stock worth $80,274,000 after buying an additional 157,924 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Dillard’s by 39.9% in the second quarter. Royce & Associates LP now owns 858,937 shares of the company’s stock worth $52,052,000 after buying an additional 245,015 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Dillard’s by 31.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 846,112 shares of the company’s stock worth $51,274,000 after buying an additional 200,459 shares during the last quarter. State Street Corp boosted its stake in shares of Dillard’s by 2.2% in the second quarter. State Street Corp now owns 365,181 shares of the company’s stock worth $22,125,000 after buying an additional 7,747 shares during the last quarter. Finally, Olstein Capital Management L.P. boosted its stake in shares of Dillard’s by 38.7% in the second quarter. Olstein Capital Management L.P. now owns 234,652 shares of the company’s stock worth $14,220,000 after buying an additional 65,502 shares during the last quarter. Institutional investors and hedge funds own 78.92% of the company’s stock.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dillard's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.