Dillard’s (TXSE:DDS) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Dillard’s, Inc. (TXSE:DDS)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $605.90 and traded as low as $597.06. Dillard’s shares last traded at $602.38, with a volume of 93,441 shares changing hands.

Wall Street Analysts Forecast Growth

DDS has been the subject of several analyst reports. Weiss Ratings downgraded shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research note on Monday, August 17th. Finally, UBS Group increased their price target on Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $545.67.

Dillard’s Price Performance

The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 13.80 and a beta of 1.00. The stock has a fifty day simple moving average of $651.73 and a 200-day simple moving average of $605.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58.

Dillard’s (TXSE:DDS) last issued its earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $1.96. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. On average, equities research analysts anticipate that Dillard’s, Inc. will post 35.50 EPS for the current year.

Dillard’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, September 30th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s payout ratio is presently 2.75%.

Hedge Funds Weigh In On Dillard’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDS. Eurizon Capital SGR S.p.A. bought a new stake in shares of Dillard’s in the 3rd quarter worth $26,000. Alpine Bank Wealth Management purchased a new position in shares of Dillard’s during the third quarter valued at approximately $31,000. Rockefeller Capital Management L.P. boosted its position 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 acquiring an additional 25 shares during the last quarter. Nykredit A S bought a new stake in shares of Dillard’s during the second quarter valued at approximately $26,000. Finally, Root Financial Partners LLC bought a new stake in Dillard’s during the third quarter valued at about $41,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories.

The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.