Dillard's (TXSE:DDS) Stock Breaks Below 200 Day Moving Average - Here's Why

Key Points

• Dillard’s shares fell below their 200-day moving average of $605.90 on Friday, trading as low as $597.06 and last at $602.38.
• Analyst sentiment is cautious: MarketBeat data shows an average “Reduce” rating and an average price target of $545.67, with three Hold ratings and two Sell ratings.
• The company’s latest quarter beat expectations, reporting EPS of $6.25 versus the $4.29 consensus and revenue of $1.53 billion versus estimates of $1.52 billion.

Shares of Dillard's, Inc. (TXSE:DDS - Get Free Report) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on DDS. JPMorgan Chase & Co. raised their price objective on shares of Dillard's from $496.00 to $519.00 and gave the stock an "underweight" rating in a report on Monday, August 17th. UBS Group upped their target price on Dillard's from $465.00 to $468.00 and gave the company a "sell" rating in a research report on Monday, August 17th. Wall Street Zen cut Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, September 12th. Weiss Ratings downgraded Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 8th. Finally, Zacks Research lowered shares of Dillard's from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $545.67.

Dillard's Price Performance

The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 13.80 and a beta of 1.00. The business's 50-day moving average price is $651.73 and its two-hundred day moving average price is $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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $6.25 EPS 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. On average, research analysts forecast that Dillard's, Inc. will post 35.50 EPS for the current fiscal year.

Dillard's Dividend Announcement

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

Institutional Trading of Dillard's

Large investors have recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. purchased a new position in shares of Dillard's during the 3rd quarter worth $26,000. R Squared Ltd purchased a new stake in shares of Dillard's during the third quarter worth about $247,000. Jefferies Financial Group Inc. increased its stake in shares of Dillard's by 222.9% in the third quarter. Jefferies Financial Group Inc. now owns 4,094 shares of the company's stock valued at $2,743,000 after purchasing an additional 2,826 shares during the period. Keybank National Association OH bought a new stake in shares of Dillard's during the 3rd quarter worth $241,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of Dillard's during the 3rd quarter valued at $180,000. Hedge funds and other institutional investors 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.

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