Dillard’s (NYSE:DDS) Downgraded by StockNews.com to “Hold”

Dillard’s (NYSE:DDS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other research firms have also recently issued reports on DDS. Telsey Advisory Group raised their target price on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. UBS Group boosted their target price on Dillard’s from $196.00 to $200.00 and gave the company a “sell” rating in a research note on Wednesday, February 19th.

Dillard’s Trading Down 4.8 %

Shares of NYSE:DDS traded down $22.93 during trading on Tuesday, reaching $457.22. 172,998 shares of the company traded hands, compared to its average volume of 115,506. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s has a 52-week low of $328.00 and a 52-week high of $510.00. The business’s fifty day moving average is $464.27 and its 200-day moving average is $413.91. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 11.77 and a beta of 0.88.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company posted $15.44 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, analysts forecast that Dillard’s will post 33.25 EPS for the current year.

Insider Buying and Selling

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the transaction, the vice president now owns 1,167 shares in the company, valued at approximately $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 33.80% of the stock is owned by insiders.

Institutional Trading of Dillard’s

A number of hedge funds have recently modified their holdings of DDS. Creative Planning lifted its position in Dillard’s by 49.7% during the 3rd quarter. Creative Planning now owns 1,500 shares of the company’s stock valued at $576,000 after acquiring an additional 498 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Dillard’s by 11.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock valued at $175,000 after purchasing an additional 45 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Dillard’s by 1,500.0% during the third quarter. Signaturefd LLC now owns 224 shares of the company’s stock valued at $86,000 after purchasing an additional 210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Dillard’s in the 3rd quarter worth approximately $70,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Dillard’s by 70.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,176 shares of the company’s stock worth $451,000 after buying an additional 488 shares during the last quarter. Institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.