Dillard's (NYSE:DDS) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Dillard’s from “buy” to “hold.” Other analysts are similarly cautious, with three Hold ratings and two Sell ratings producing a consensus “Reduce” rating and an average price target of $545.67.
• Dillard’s recently exceeded quarterly expectations, reporting earnings of $6.25 per share versus the $4.29 consensus and revenue of $1.53 billion, slightly above estimates.
• The stock opened at $651.23, above its 50-day and 200-day moving averages, while institutional investors and hedge funds collectively own 67.15% of the company.

Dillard's (NYSE:DDS - Get Free Report) was downgraded by investment 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 research firms have also issued reports on DDS. UBS Group raised their price target on Dillard's from $465.00 to $468.00 and gave the stock a "sell" rating in a report on Monday, August 17th. 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. increased their price objective on Dillard's from $496.00 to $519.00 and gave the stock an "underweight" rating in a research report on Monday, August 17th. Finally, Weiss Ratings downgraded Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $545.67.

Dillard's Stock Performance

Shares of Dillard's stock opened at $651.23 on Friday. The firm's fifty day simple moving average is $595.77 and its 200-day simple moving average is $585.69. Dillard's has a 12 month low of $503.06 and a 12 month high of $741.97. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 14.92 and a beta of 1.15. 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 (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping 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 firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.52 billion. As a group, equities analysts forecast that Dillard's will post 35.5 earnings per share for the current year.

Institutional Trading of Dillard's

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Dillard's by 17.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company's stock valued at $67,000 after buying an additional 16 shares during the period. New York State Common Retirement Fund boosted its holdings in Dillard's by 0.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,729 shares of the company's stock worth $1,048,000 after acquiring an additional 16 shares during the period. Cetera Investment Advisers boosted its holdings in Dillard's by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company's stock worth $242,000 after acquiring an additional 16 shares during the period. Virtu Financial LLC grew its position in Dillard's by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company's stock valued at $981,000 after acquiring an additional 17 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Dillard's by 108.7% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

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.

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