Dillard's (NYSE:DDS) Stock Rating Lowered by Wall Street Zen

Key Points

• Dillard's has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting a broader shift in sentiment among analysts with a consensus rating of "sell."
• Despite the downgrade, JPMorgan Chase & Co. and Telsey Advisory Group increased their price targets for Dillard's shares, with targets set at $458.00 and $550.00 respectively.
• Dillard's reported better-than-expected quarterly earnings with an EPS of $4.66, surpassing analysts' estimates of $3.79, while revenue increased by 1.6% year-over-year.

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

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Telsey Advisory Group boosted their price objective on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research note on Friday, August 15th. Finally, UBS Group upped their price objective on shares of Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Sell" and an average price target of $394.33.

Dillard's Stock Down 2.8%

Dillard's stock opened at $531.98 on Friday. The firm has a 50 day moving average price of $472.51 and a 200-day moving average price of $412.61. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28. Dillard's has a twelve month low of $282.24 and a twelve month high of $553.18. The company has a market capitalization of $8.32 billion, a P/E ratio of 14.67 and a beta of 1.06.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $11.09 EPS. Dillard's's revenue was up 1.6% on a year-over-year basis. As a group, equities analysts predict that Dillard's will post 33.25 EPS for the current year.

Hedge Funds Weigh In On Dillard's

Institutional investors have recently added to or reduced their stakes in the business. Marex Group plc purchased a new position in Dillard's in the 2nd quarter worth approximately $201,000. Nomura Holdings Inc. bought a new stake in shares of Dillard's during the 2nd quarter worth $234,000. Geneos Wealth Management Inc. grew its position in Dillard's by 14.8% in the second quarter. Geneos Wealth Management Inc. now owns 263 shares of the company's stock worth $110,000 after acquiring an additional 34 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Dillard's by 6.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 3,399 shares of the company's stock worth $1,420,000 after acquiring an additional 199 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Dillard's by 100.0% in the second quarter. Tower Research Capital LLC TRC now owns 170 shares of the company's stock valued at $71,000 after acquiring an additional 85 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

About Dillard's

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.

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