Dillard's (NYSE:DDS) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen has upgraded Dillard's from a "hold" rating to a "buy" rating, reflecting positive sentiment towards the company's stock.
• Dillard's reported earnings per share (EPS) of $10.39 for the latest quarter, exceeding expectations of $9.10, indicating strong financial performance.
• Large investors are increasing their stakes in Dillard's, with institutions owning approximately 67.15% of the company's stock, suggesting growing confidence in the company's future prospects.

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

A number of other equities research analysts also recently weighed in on DDS. JPMorgan Chase & Co. boosted their price target on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. UBS Group boosted their price target on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Friday, May 16th.

Dillard's Price Performance

Shares of NYSE DDS traded down $4.17 during trading on Friday, reaching $464.23. The company had a trading volume of 45,803 shares, compared to its average volume of 142,520. Dillard's has a 52 week low of $282.24 and a 52 week high of $514.39. The stock has a market cap of $7.26 billion, a PE ratio of 12.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. The business's 50 day moving average price is $432.23 and its 200-day moving average price is $407.53.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, topping analysts' consensus estimates of $9.10 by $1.29. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. During the same period in the previous year, the firm posted $11.10 earnings per share. Analysts expect that Dillard's will post 33.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DDS. New Vernon Capital Holdings II LLC boosted its holdings in shares of Dillard's by 26,618.5% in the first quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock valued at $66,694,000 after buying an additional 185,531 shares during the period. Millennium Management LLC boosted its holdings in shares of Dillard's by 3,989.8% in the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock valued at $16,315,000 after buying an additional 36,866 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Dillard's by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after buying an additional 28,468 shares during the period. First Trust Advisors LP boosted its holdings in shares of Dillard's by 47.0% in the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after buying an additional 26,132 shares during the period. Finally, Summit Street Capital Management LLC acquired a new position in shares of Dillard's in the fourth quarter valued at approximately $9,155,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Company Profile

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.