Dillard’s (DDS) Rating Lowered to C+ at TheStreet

Dillard’s (NYSE:DDS) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $83.00 price objective (up previously from $72.00) on shares of Dillard’s in a report on Wednesday, February 28th. JPMorgan Chase reiterated an “underweight” rating on shares of Dillard’s in a report on Tuesday, February 27th. Zacks Investment Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, Deutsche Bank lifted their price objective on Dillard’s from $51.00 to $52.00 and gave the company a “sell” rating in a report on Monday, February 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $60.25.

Shares of Dillard’s stock traded up $0.84 during trading on Thursday, hitting $77.37. 695,878 shares of the company were exchanged, compared to its average volume of 635,033. The firm has a market capitalization of $2.05 billion, a P/E ratio of 16.12 and a beta of 1.09. Dillard’s has a 1-year low of $47.12 and a 1-year high of $88.51. The company has a current ratio of 1.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.33.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, May 17th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.77 by $0.12. Dillard’s had a return on equity of 8.57% and a net margin of 3.45%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $2.12 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. research analysts anticipate that Dillard’s will post 5.86 EPS for the current fiscal year.

Dillard’s declared that its board has authorized a stock buyback plan on Thursday, March 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, Director James I. Freeman sold 8,357 shares of Dillard’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $84.05, for a total transaction of $702,405.85. Following the transaction, the director now owns 270,224 shares in the company, valued at approximately $22,712,327.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in Dillard’s in the 1st quarter valued at approximately $201,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Dillard’s in the 4th quarter valued at approximately $174,000. ING Groep NV bought a new stake in Dillard’s in the 1st quarter valued at approximately $251,000. MANA Advisors LLC bought a new stake in Dillard’s in the 4th quarter valued at approximately $200,000. Finally, CIBC World Markets Inc. bought a new stake in Dillard’s in the 1st quarter valued at approximately $271,000. Hedge funds and other institutional investors own 89.38% of the company’s stock.

About Dillard’s

Dillard's, Inc operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It operates through two segments, Retail Operations and Construction. 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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