Dillard's, Inc. (DDS) Cut to “Buy” at BidaskClub
Dillard's, Inc. (NYSE:DDS) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
A number of other research firms have also weighed in on DDS. Zacks Investment Research raised shares of Dillard's from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. ValuEngine lowered shares of Dillard's from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $36.00 price objective (down from $49.00) on shares of Dillard's in a research note on Thursday. Deutsche Bank AG raised their price target on shares of Dillard's from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, TheStreet raised shares of Dillard's from a “c” rating to a “b-” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.86.
Shares of Dillard's (NYSE DDS) opened at 58.01 on Friday. The firm has a 50-day moving average of $64.28 and a 200 day moving average of $55.96. Dillard's has a 52 week low of $45.51 and a 52 week high of $83.44. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.19 and a beta of 1.12.
Dillard's (NYSE:DDS) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.77. Dillard's had a negative net margin of 1.17% and a negative return on equity of 4.17%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts predict that Dillard's will post $4.67 earnings per share for the current fiscal year.
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In related news, major shareholder David Einhorn sold 35,125 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.27% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Dillard's by 4.0% in the second quarter. BlackRock Inc. now owns 2,163,602 shares of the company’s stock worth $124,820,000 after buying an additional 83,653 shares during the period. Dimensional Fund Advisors LP increased its position in Dillard's by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,774,012 shares of the company’s stock valued at $102,346,000 after buying an additional 30,568 shares during the last quarter. Vanguard Group Inc. increased its position in Dillard's by 5.9% in the first quarter. Vanguard Group Inc. now owns 1,552,773 shares of the company’s stock valued at $81,117,000 after buying an additional 85,874 shares during the last quarter. LSV Asset Management increased its position in Dillard's by 0.7% in the first quarter. LSV Asset Management now owns 1,360,565 shares of the company’s stock valued at $71,075,000 after buying an additional 9,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Dillard's by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 903,837 shares of the company’s stock valued at $52,142,000 after buying an additional 15,552 shares during the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.
Dillard's Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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