Dillard’s (NYSE:DDS) Downgraded to Hold Rating by Wall Street Zen

Dillard’s (NYSE:DDS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently issued reports on DDS. Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Telsey Advisory Group cut their price target on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research note on Wednesday. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. lowered their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, UBS Group upped their price objective on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a report on Friday, November 28th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $519.67.

Dillard’s Price Performance

DDS opened at $604.62 on Friday. Dillard’s has a fifty-two week low of $282.24 and a fifty-two week high of $741.97. The firm has a 50-day moving average of $640.77 and a 200 day moving average of $617.16. 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 $9.46 billion, a P/E ratio of 16.61 and a beta of 1.27.

Dillard’s (NYSE:DDS) last released its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $13.48 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, research analysts expect that Dillard’s will post 33.25 EPS for the current year.

Hedge Funds Weigh In On Dillard’s

Large investors have recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in Dillard’s during the fourth quarter valued at approximately $29,000. Quarry LP bought a new position in Dillard’s in the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC boosted its holdings in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. Global Retirement Partners LLC grew its position in shares of Dillard’s by 6,300.0% during the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Company Profile

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.