Dillard's (NYSE:DDS) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Dillard's from a "buy" to a "hold" in its latest investor note.
• Multiple analysts have trimmed ratings and targets, leaving a MarketBeat consensus rating of "Reduce" and a consensus target price of $519.67.
• Dillard's posted quarterly EPS of $13.05 (beating the $9.98 estimate) while revenue of $1.99B missed and was down 3% year‑over‑year; shares trade around $555 with a market cap near $8.7B.

Dillard's (NYSE:DDS - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

DDS has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of Dillard's from $524.00 to $449.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. Zacks Research downgraded shares of Dillard's from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 23rd. Telsey Advisory Group cut their price target on shares of Dillard's from $700.00 to $650.00 and set a "market perform" rating on the stock in a report on Wednesday, February 25th. UBS Group lifted their price target on shares of Dillard's from $184.00 to $460.00 and gave the stock a "sell" rating in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dillard's in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $519.67.

Dillard's Trading Up 0.5%

Shares of NYSE DDS opened at $554.90 on Friday. Dillard's has a 1-year low of $282.24 and a 1-year high of $741.97. The business has a fifty day moving average price of $618.12 and a 200 day moving average price of $625.03. The stock has a market capitalization of $8.68 billion, a P/E ratio of 15.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31.

Dillard's (NYSE:DDS - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.98 by $3.07. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. Dillard's had a return on equity of 27.55% and a net margin of 8.81%.The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.48 earnings per share. Equities research analysts expect that Dillard's will post 33.25 EPS for the current fiscal year.

Institutional Trading of Dillard's

A number of institutional investors have recently bought and sold shares of DDS. Rockefeller Capital Management L.P. increased its stake in 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 purchasing an additional 25 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Dillard's by 157.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,001 shares of the company's stock worth $1,213,000 after buying an additional 1,225 shares during the period. Virtu Financial LLC lifted its stake in shares of Dillard's by 1.1% during the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company's stock worth $981,000 after buying an additional 17 shares during the period. Invesco Ltd. grew its holdings in shares of Dillard's by 40.9% during the fourth quarter. Invesco Ltd. now owns 18,851 shares of the company's stock valued at $11,430,000 after buying an additional 5,473 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Dillard's by 42.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,278 shares of the company's stock valued at $775,000 after buying an additional 382 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Dillard's

Dillard's, Inc NYSE: DDS, headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard's equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men's and women's apparel, accessories, cosmetics, footwear, and home furnishings.

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