BidaskClub Downgrades Dillard’s, Inc. (DDS) to Hold
Dillard’s, Inc. (NYSE:DDS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Deutsche Bank AG lowered their price target on Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a report on Friday, May 12th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Finally, TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $56.00.
Shares of Dillard’s (NYSE:DDS) opened at 55.70 on Friday. The firm has a 50-day moving average price of $64.30 and a 200 day moving average price of $55.96. Dillard’s has a 12-month low of $45.51 and a 12-month high of $83.44. The stock has a market cap of $1.62 billion, a PE ratio of 13.79 and a beta of 1.12.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.77. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. Equities research analysts expect that Dillard’s will post $3.57 earnings per share for the current year.
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In related news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 23.27% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. QS Investors LLC raised its stake in Dillard’s by 0.7% in the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock worth $104,000 after buying an additional 12 shares in the last quarter. LS Investment Advisors LLC raised its stake in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after buying an additional 281 shares in the last quarter. Victory Capital Management Inc. raised its stake in Dillard’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock worth $125,000 after buying an additional 325 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in Dillard’s during the first quarter worth $125,000. Finally, Advantus Capital Management Inc bought a new stake in Dillard’s during the first quarter worth $169,000. Institutional investors own 90.72% of the company’s stock.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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