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

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

A number of other brokerages also recently issued reports on DDS. Telsey Advisory Group reduced their price objective on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. UBS Group reduced their price objective on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, August 16th.

Dillard’s Stock Up 2.1 %

Shares of NYSE:DDS traded up $7.81 during midday trading on Tuesday, hitting $388.76. 100,560 shares of the company’s stock were exchanged, compared to its average volume of 116,473. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The stock has a 50 day moving average price of $366.50 and a 200-day moving average price of $399.53. The company has a market cap of $6.29 billion, a PE ratio of 9.57 and a beta of 0.86. Dillard’s has a 12 month low of $286.39 and a 12 month high of $476.48.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned $7.98 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Dillard’s will post 31.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Robert C. Connor bought 100 shares of Dillard’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of $346.82 per share, with a total value of $34,682.00. Following the transaction, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 33.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in Dillard’s by 229.1% during the 3rd quarter. Victory Capital Management Inc. now owns 18,249 shares of the company’s stock valued at $7,002,000 after acquiring an additional 12,704 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Dillard’s in the third quarter worth $29,000. Cannon Global Investment Management LLC boosted its holdings in shares of Dillard’s by 10.0% in the third quarter. Cannon Global Investment Management LLC now owns 1,100 shares of the company’s stock worth $422,000 after acquiring an additional 100 shares during the period. US Bancorp DE boosted its holdings in shares of Dillard’s by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after acquiring an additional 49 shares during the period. Finally, Leuthold Group LLC bought a new position in shares of Dillard’s in the third quarter worth $276,000. 67.15% of the stock is owned by institutional investors.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.