Dillard’s (NYSE:DDS – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their price target on Dillard’s from $286.00 to $277.00 in a report on Monday, May 8th. Telsey Advisory Group cut their price target on Dillard’s from $380.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, May 12th.
Dillard’s Trading Down 2.7 %
NYSE DDS traded down $8.50 during trading hours on Friday, hitting $305.53. 113,239 shares of the company’s stock were exchanged, compared to its average volume of 146,566. The stock has a 50-day simple moving average of $315.79 and a 200 day simple moving average of $330.33. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 6.24 and a beta of 0.93. The company has a current ratio of 2.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31. Dillard’s has a 1-year low of $214.23 and a 1-year high of $417.86.
Dillard’s (NYSE:DDS – Get Free Report) last announced its quarterly earnings results on Thursday, May 11th. The company reported $11.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $2.70. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Dillard’s had a return on equity of 50.46% and a net margin of 12.30%. On average, equities analysts forecast that Dillard’s will post 34.61 EPS for the current fiscal year.
Insiders Place Their Bets
In other Dillard’s news, VP Tom W. Bolin sold 1,136 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $331.71, for a total value of $376,822.56. Following the completion of the sale, the vice president now directly owns 1,026 shares of the company’s stock, valued at $340,334.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.50% of the company’s stock.
Hedge Funds Weigh In On Dillard’s
Several hedge funds have recently made changes to their positions in DDS. National Bank of Canada FI boosted its stake in Dillard’s by 76.9% during the fourth quarter. National Bank of Canada FI now owns 92 shares of the company’s stock valued at $30,000 after buying an additional 40 shares during the period. Federated Hermes Inc. boosted its stake in Dillard’s by 55.0% during the third quarter. Federated Hermes Inc. now owns 93 shares of the company’s stock valued at $25,000 after buying an additional 33 shares during the period. Point72 Middle East FZE bought a new stake in Dillard’s during the fourth quarter valued at $101,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Dillard’s during the first quarter valued at $102,000. Finally, Dupont Capital Management Corp bought a new stake in Dillard’s during the first quarter valued at $150,000. 54.88% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s Company Profile
Dillard’s, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. The company also engages in the general contracting construction activities.