Dillard’s (NYSE:DDS) Upgraded to “Buy” at Wall Street Zen

Dillard’s (NYSE:DDS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Telsey Advisory Group lowered their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 25th. UBS Group raised their target price on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. cut their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Dillard’s currently has an average rating of “Reduce” and an average price target of $519.67.

Dillard’s Stock Down 5.1%

Shares of DDS opened at $589.21 on Friday. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 16.18 and a beta of 1.30. Dillard’s has a 52 week low of $282.24 and a 52 week high of $741.97. The stock’s 50-day moving average price is $639.35 and its 200-day moving average price is $621.62. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.

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

Institutional Trading of Dillard’s

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Atlas Capital Advisors Inc. purchased a new position in Dillard’s in the 4th quarter valued at about $29,000. Quarry LP purchased a new stake in Dillard’s during the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $50,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

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.