Dillard’s, Inc. (DDS) Cut to “Buy” at BidaskClub

BidaskClub downgraded shares of Dillard’s, Inc. (NYSE:DDS) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Dillard’s from a sell rating to a hold rating in a report on Monday, May 15th. ValuEngine cut shares of Dillard’s from a buy rating to a hold rating in a report on Wednesday, May 17th. Deutsche Bank AG decreased their price target on shares of Dillard’s from $41.00 to $39.00 and set a sell rating for the company in a report on Friday, May 12th. J P Morgan Chase & Co restated an underweight rating and set a $36.00 price target (down from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Finally, TheStreet upgraded shares of Dillard’s from a c rating to a b- rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Dillard’s has a consensus rating of Hold and an average target price of $56.00.

Dillard’s (NYSE DDS) opened at 57.17 on Friday. Dillard’s has a 1-year low of $45.51 and a 1-year high of $83.44. The stock has a market cap of $1.66 billion, a P/E ratio of 14.16 and a beta of 1.12. The firm’s 50-day moving average is $64.44 and its 200-day moving average is $55.97.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.19 by $0.77. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, analysts forecast that Dillard’s will post $3.85 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Wednesday, June 28th. Dillard’s’s dividend payout ratio is currently 7.12%.

In other Dillard’s news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.63% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. QS Investors LLC boosted its stake in Dillard’s by 0.7% in the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock worth $104,000 after buying an additional 12 shares during the period. LS Investment Advisors LLC boosted its stake in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after buying an additional 281 shares during the period. Victory Capital Management Inc. boosted its stake in Dillard’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock worth $125,000 after buying an additional 325 shares during the period. Segantii Capital Management Ltd acquired a new stake in Dillard’s during the first quarter worth about $125,000. Finally, Advantus Capital Management Inc acquired a new stake in Dillard’s during the first quarter worth about $169,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.

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