Dillard’s (NYSE:DDS) Stock Rating Lowered by Wall Street Zen

Dillard’s (NYSE:DDS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

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

Dillard’s Stock Down 1.3%

Shares of NYSE:DDS opened at $604.62 on Friday. The firm has a market cap of $9.46 billion, a P/E ratio of 16.61 and a beta of 1.27. The company has a quick ratio of 1.00, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. Dillard’s has a 12-month low of $282.24 and a 12-month high of $741.97. The business has a fifty day simple moving average of $640.77 and a 200 day simple moving average of $617.16.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, beating analysts’ consensus estimates of $9.98 by $3.07. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $13.48 EPS. Analysts predict that Dillard’s will post 33.25 earnings per share for the current year.

Institutional Investors Weigh In On Dillard’s

A number of large investors have recently bought and sold shares of DDS. Allspring Global Investments Holdings LLC increased its stake in Dillard’s by 31.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,280 shares of the company’s stock valued at $10,867,000 after buying an additional 4,142 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in shares of Dillard’s by 37.2% in the second quarter. Fox Run Management L.L.C. now owns 2,164 shares of the company’s stock valued at $904,000 after acquiring an additional 587 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Dillard’s by 756.9% during the third quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock valued at $43,554,000 after acquiring an additional 62,608 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dillard’s during the third quarter worth $1,565,000. Finally, Abacus FCF Advisors LLC purchased a new position in Dillard’s in the third quarter worth $5,254,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

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.