StockNews.com Downgrades Dillard’s (NYSE:DDS) to Hold

Dillard’s (NYSE:DDS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts have also recently commented on the company. Telsey Advisory Group cut their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. UBS Group reduced their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, August 16th.

Dillard’s Stock Up 2.6 %

Shares of DDS opened at $398.82 on Tuesday. Dillard’s has a 1 year low of $286.39 and a 1 year high of $476.48. The stock has a market capitalization of $6.45 billion, a PE ratio of 9.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 3.14. The company’s 50-day simple moving average is $367.67 and its 200-day simple moving average is $399.53.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business posted $7.98 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Analysts forecast that Dillard’s will post 31.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dillard’s news, Director Robert C. Connor purchased 100 shares of Dillard’s stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the transaction, the director now owns 78,000 shares in the company, valued at $27,051,960. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 33.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dillard’s

A number of hedge funds have recently added to or reduced their stakes in DDS. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Dillard’s during the first quarter valued at approximately $654,000. GSA Capital Partners LLP grew its position in shares of Dillard’s by 98.6% in the first quarter. GSA Capital Partners LLP now owns 1,744 shares of the company’s stock valued at $823,000 after purchasing an additional 866 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in Dillard’s during the 1st quarter valued at $487,000. Duality Advisers LP grew its holdings in shares of Dillard’s by 90.8% during the 1st quarter. Duality Advisers LP now owns 7,213 shares of the company’s stock worth $3,402,000 after purchasing an additional 3,433 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Dillard’s in the first quarter worth about $68,000. 67.15% of the stock is currently owned by institutional investors.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.