Dillard’s (NYSE:DDS) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Dillard’s (NYSE:DDSFree Report) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

DDS has been the subject of several other reports. JPMorgan Chase & Co. lifted their target price on shares of Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a report on Monday, August 17th. Weiss Ratings cut shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. UBS Group raised their price target on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research report on Monday, August 17th. Finally, Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $545.67.

Check Out Our Latest Research Report on Dillard’s

Dillard’s Trading Up 0.6%

NYSE DDS opened at $654.49 on Friday. Dillard’s has a 12 month low of $503.06 and a 12 month high of $741.97. The stock has a market cap of $10.22 billion, a P/E ratio of 14.99 and a beta of 1.15. The stock’s fifty day moving average price is $598.51 and its 200-day moving average price is $585.67. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16.

Dillard’s (NYSE:DDSGet Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $6.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $1.96. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. As a group, equities analysts forecast that Dillard’s will post 35.5 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Dillard’s by 17.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock worth $67,000 after purchasing an additional 16 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Dillard’s by 1.1% during the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after buying an additional 17 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after buying an additional 25 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Dillard’s by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $225,000 after buying an additional 25 shares during the period. Finally, Fort Sheridan Advisors LLC boosted its stake in shares of Dillard’s by 0.6% in the 4th quarter. Fort Sheridan Advisors LLC now owns 4,220 shares of the company’s stock worth $2,559,000 after buying an additional 27 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Company Profile

(Get Free Report)

Dillard’s, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard’s also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.

Further Reading

Analyst Recommendations for Dillard's (NYSE:DDS)

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