Analysts’ Recent Ratings Updates for Dillard’s (DDS)

Several analysts have recently updated their ratings and price targets for Dillard’s (NYSE: DDS):

  • 5/16/2019 – Dillard’s had its “underperform” rating reaffirmed by analysts at Wedbush. They now have a $54.00 price target on the stock, down previously from $65.00.
  • 5/16/2019 – Dillard’s had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $53.00 price target on the stock, down previously from $56.00.
  • 5/7/2019 – Dillard’s was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Dillard’s boasts a robust surprise trend, which has led its shares to outpace the industry year to date. The company has delivered seven straight quarters of sales beat, with positive earnings surprise in five of the last six quarters. Further, the company’s efforts to capitalize on growth opportunities in physical stores and e-commerce bode well. Its strategy of offering fashion-forward and trendy products, acts as a catalyst for attracting more customers. Efforts to boost productivity, enhance domestic operations and develop omni-channel should strengthen customer base. However, significant impacts from markdowns led to top and bottom line decline in fourth-quarter fiscal 2018. Further, higher markdowns have been weighing on the company’s margins for a while now. Consolidated gross margin reflected greater decline compared with retail operations. Persistence of a soft margins trend may mar results in the quarters ahead.”
  • 4/25/2019 – Dillard’s was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dillard’s surpassed the industry year to date owing to a robust surprise trend. Notably, the company delivered seventh straight sales beat in fourth-quarter fiscal 2018, while earnings surpassed estimates in five of the last six quarters. However, top and bottom lines declined year over year. Earnings were hurt by higher markdowns, which also impacted margins. Consolidated gross margin reflected greater decline compared with retail operations, mainly due to increased markdowns. Nonetheless, sales gained form robust comps and strong performance across most categories. Further, the company’s efforts to capitalize on growth opportunities in physical stores and e-commerce bode well. Its strategy of offering fashion-forward and trendy products, acts as a catalyst for attracting more customers. Its focus on boosting productivity, enhancing domestic operations and developing omni-channel should strengthen customer base.”
  • 4/23/2019 – Dillard’s was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Dillard’s surpassed the industry year to date owing to a robust surprise trend. Notably, the company delivered seventh straight sales beat in fourth-quarter fiscal 2018, while earnings surpassed estimates in five of the last six quarters. However, top and bottom lines declined year over year. Earnings were hurt by higher markdowns, which also impacted margins. Consolidated gross margin reflected greater decline compared with retail operations, mainly due to increased markdowns. Nonetheless, sales gained form robust comps and strong performance across most categories. Further, the company’s efforts to capitalize on growth opportunities in physical stores and e-commerce bode well. Its strategy of offering fashion-forward and trendy products, acts as a catalyst for attracting more customers. Its focus on boosting productivity, enhancing domestic operations and developing omni-channel should strengthen customer base.”
  • 4/22/2019 – Dillard’s was downgraded by analysts at Wedbush from a “neutral” rating to an “underperform” rating. They now have a $65.00 price target on the stock.

Shares of NYSE DDS traded down $6.43 during midday trading on Thursday, hitting $57.58. The company had a trading volume of 918,311 shares, compared to its average volume of 382,973. The company has a quick ratio of 0.26, a current ratio of 1.90 and a debt-to-equity ratio of 0.34. Dillard’s, Inc. has a twelve month low of $55.73 and a twelve month high of $98.75. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $2.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). Dillard’s had a net margin of 2.63% and a return on equity of 10.22%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $2.89 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts expect that Dillard’s, Inc. will post 5.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, March 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, March 28th. Dillard’s’s dividend payout ratio (DPR) is 6.54%.

In related news, VP Mike Litchford sold 1,060 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $73.81, for a total value of $78,238.60. Following the completion of the sale, the vice president now owns 1,932 shares in the company, valued at $142,600.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its stake in shares of Dillard’s by 120.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 248,819 shares of the company’s stock valued at $15,005,000 after purchasing an additional 135,900 shares during the period. Quantamental Technologies LLC acquired a new position in Dillard’s during the fourth quarter worth about $96,000. Teachers Advisors LLC raised its position in Dillard’s by 3.1% during the third quarter. Teachers Advisors LLC now owns 25,129 shares of the company’s stock worth $1,918,000 after acquiring an additional 761 shares during the last quarter. Flossbach Von Storch AG raised its position in Dillard’s by 19.5% during the fourth quarter. Flossbach Von Storch AG now owns 27,600 shares of the company’s stock worth $1,665,000 after acquiring an additional 4,500 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Dillard’s by 12.8% during the fourth quarter. First Trust Advisors LP now owns 35,423 shares of the company’s stock worth $2,136,000 after acquiring an additional 4,020 shares during the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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