JPMorgan Chase & Co. Has Lowered Expectations for Dillard’s (NYSE:DDS) Stock Price

Dillard’s (NYSE:DDS) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $524.00 to $449.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 26.76% from the company’s previous close.

A number of other equities research analysts also recently commented on DDS. UBS Group lifted their target price on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Telsey Advisory Group cut their price objective on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a report on Wednesday. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $519.67.

Dillard’s Price Performance

Shares of NYSE:DDS opened at $613.07 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 2.65. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 16.84 and a beta of 1.27. The business has a 50-day simple moving average of $641.92 and a two-hundred day simple moving average of $616.20. Dillard’s has a fifty-two week low of $282.24 and a fifty-two week high of $741.97.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $3.07. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business posted $13.48 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts expect that Dillard’s will post 33.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. bought a new stake in Dillard’s during the 4th quarter worth approximately $29,000. Quarry LP purchased a new stake in shares of Dillard’s in the third quarter worth $33,000. Global Retirement Partners LLC increased its stake in shares of Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Dillard’s during the 3rd quarter valued at $52,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.