Wall Street Zen Downgrades Dillard’s (NYSE:DDS) to Hold

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

DDS has been the topic of several other research reports. UBS Group lifted their price target on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $521.33.

Dillard’s Stock Down 0.4%

DDS opened at $548.98 on Monday. The business’s 50-day simple moving average is $560.17 and its 200-day simple moving average is $594.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 2.37. Dillard’s has a one year low of $449.64 and a one year high of $741.97. The stock has a market capitalization of $8.58 billion, a P/E ratio of 13.05 and a beta of 1.15.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating the consensus estimate of $10.13 by $5.91. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $10.39 EPS. Analysts anticipate that Dillard’s will post 35.26 EPS for the current year.

Insider Activity

In related news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the transaction, the director owned 10,150 shares of the company’s stock, valued at $6,183,177. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 34.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Dillard’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its position in Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after acquiring an additional 25 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Dillard’s in the 4th quarter valued at $29,000. Quarry LP acquired a new position in shares of Dillard’s during the third quarter worth about $33,000. EverSource Wealth Advisors LLC raised 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 worth $37,000 after buying an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in 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 acquiring an additional 63 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other 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.