Wall Street Zen Upgrades Dillard's (NYSE:DDS) to Buy

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 Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Other research analysts also recently issued reports about the company. Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Finally, UBS Group raised their price target on Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research report on Friday, May 16th.

Dillard's Stock Performance

Shares of NYSE DDS opened at $468.83 on Friday. The company has a market cap of $7.33 billion, a P/E ratio of 12.95 and a beta of 1.06. Dillard's has a 52-week low of $282.24 and a 52-week high of $514.39. 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 firm's fifty day moving average is $432.23 and its two-hundred day moving average is $408.13.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sowell Financial Services LLC purchased a new stake in shares of Dillard's in the first quarter worth approximately $266,000. Sequoia Financial Advisors LLC boosted its holdings in Dillard's by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock valued at $375,000 after acquiring an additional 35 shares during the period. Raymond James Financial Inc. bought a new position in Dillard's in the 4th quarter valued at $556,000. Wells Fargo & Company MN grew its position in Dillard's by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock valued at $338,000 after acquiring an additional 68 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Dillard's by 47,109.1% in the first quarter. GAMMA Investing LLC now owns 10,386 shares of the company's stock worth $3,720,000 after purchasing an additional 10,364 shares during the period. Hedge funds and other institutional investors 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.

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