ValuEngine Lowers Dillard’s (NYSE:DDS) to Hold

Dillard’s (NYSE:DDS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

A number of other equities analysts have also issued reports on DDS. Deutsche Bank reduced their price target on shares of Dillard’s from $49.00 to $36.00 and set a “sell” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. Finally, Telsey Advisory Group raised their price objective on shares of Dillard’s from $58.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $58.00.

DDS traded down $1.93 during trading on Friday, reaching $68.90. 197,126 shares of the company’s stock were exchanged, compared to its average volume of 438,643. Dillard’s has a 1 year low of $47.95 and a 1 year high of $86.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.86 and a quick ratio of 0.26. The stock has a market capitalization of $1.72 billion, a P/E ratio of 11.26 and a beta of 1.13. The company’s fifty day simple moving average is $71.99 and its 200-day simple moving average is $65.53.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.37. Dillard’s had a net margin of 2.03% and a return on equity of 7.06%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.27 EPS. Dillard’s’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts forecast that Dillard’s will post 4.19 EPS for the current year.

In other news, Director H. Lee Hastings III sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $72.20, for a total transaction of $216,600.00. Following the sale, the director now owns 14,312 shares of the company’s stock, valued at approximately $1,033,326.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Dillard’s by 153.5% during the 2nd quarter. Signaturefd LLC now owns 431 shares of the company’s stock worth $27,000 after purchasing an additional 261 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Dillard’s by 73.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 617 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Dillard’s by 22.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock worth $75,000 after purchasing an additional 216 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Dillard’s during the 3rd quarter worth approximately $120,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Dillard’s by 50.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,672 shares of the company’s stock valued at $167,000 after acquiring an additional 897 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

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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Analyst Recommendations for Dillard`s (NYSE:DDS)

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