Dillard’s, Inc. (DDS) Rating Lowered to Strong Sell at Zacks Investment Research

Dillard’s, Inc. (NYSE:DDS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Dillard’s has underperformed the industry in the past month due to its dismal earnings trend. The company has missed bottom line estimates in six out of the last eight quarters due to the challenging trends in the apparel retail space arising out of the changing preference of customers from offline to online. This dismal trend lingered into second-quarter fiscal 2017 as well, wherein both the top and bottom line fell year over year. Well, persistence of these trends along with stiff industry competition remain threats. However, we are encouraged by its constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and e-commerce business. Further, Dillard’s focus on increasing productivity, enhancing domestic operations and developing an omni-channel platform should strengthen customer base. Moreover, the company’s constant shareholder-friendly moves are noteworthy. Estimates have been stable lately.”

Several other research analysts also recently commented on the stock. ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Friday, August 18th. J P Morgan Chase & Co reissued an “underweight” rating and set a $36.00 price objective (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. TheStreet raised shares of Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, Deutsche Bank AG increased their price objective on shares of Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Dillard’s presently has a consensus rating of “Hold” and a consensus price target of $52.60.

Dillard’s (DDS) traded up 0.86% during midday trading on Tuesday, reaching $52.84. The company’s stock had a trading volume of 80,112 shares. Dillard’s has a one year low of $45.51 and a one year high of $83.44. The firm has a market cap of $1.53 billion, a P/E ratio of 13.09 and a beta of 1.12. The firm has a 50 day moving average price of $57.34 and a 200 day moving average price of $56.76.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts forecast that Dillard’s will post $3.57 EPS for the current fiscal year.

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In other news, Director J C. Watts, Jr. sold 450 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total transaction of $27,135.00. Following the sale, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 26.63% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DDS. BlackRock Inc. raised its position in shares of Dillard’s by 21,903.1% during the 1st quarter. BlackRock Inc. now owns 2,079,949 shares of the company’s stock valued at $108,657,000 after buying an additional 2,070,496 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Dillard’s during the 1st quarter valued at about $44,419,000. JPMorgan Chase & Co. raised its position in shares of Dillard’s by 341.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 719,151 shares of the company’s stock valued at $41,488,000 after buying an additional 556,072 shares in the last quarter. State Street Corp raised its position in shares of Dillard’s by 100.1% during the 1st quarter. State Street Corp now owns 732,718 shares of the company’s stock valued at $38,277,000 after buying an additional 366,518 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Dillard’s by 8,488.0% during the 2nd quarter. Bank of Montreal Can now owns 354,169 shares of the company’s stock valued at $20,433,000 after buying an additional 350,045 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

About Dillard’s

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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