Dillard’s (NYSE:DDS) Rating Lowered to Hold at 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 issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on DDS. JPMorgan Chase & Co. raised their price target on shares of Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research note on Monday, August 17th. UBS Group upped their price objective on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a research report on Monday, August 17th. Weiss Ratings downgraded shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Finally, Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $545.67.

Dillard’s Price Performance

Dillard’s stock opened at $651.23 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03. Dillard’s has a 52 week low of $503.06 and a 52 week high of $741.97. The stock has a market capitalization of $10.17 billion, a P/E ratio of 14.92 and a beta of 1.15. The stock has a fifty day moving average of $595.77 and a 200-day moving average of $585.25.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating the consensus estimate of $4.29 by $1.96. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. On average, sell-side analysts expect that Dillard’s will post 35.5 earnings per share for the current fiscal year.

Institutional Trading of Dillard’s

A number of hedge funds have recently made changes to their positions in DDS. Nykredit A S acquired a new position in shares of Dillard’s in the second quarter valued at approximately $26,000. Rockefeller Capital Management L.P. boosted its position in Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after buying an additional 25 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Dillard’s during the 4th quarter worth approximately $29,000. Quarry LP bought a new stake in Dillard’s during the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its position in Dillard’s by 790.0% in the 2nd 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 period. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Company Profile

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.