Dillard’s (NYSE:DDS) Cut to Hold at StockNews.com

StockNews.com lowered shares of Dillard’s (NYSE:DDS) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other research analysts have also recently issued reports on the company. Telsey Advisory Group cut their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. UBS Group decreased their price target on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, August 16th.

Dillard’s Trading Up 0.4 %

Shares of NYSE:DDS traded up $1.65 during midday trading on Tuesday, hitting $401.61. 20,535 shares of the stock were exchanged, compared to its average volume of 116,292. The business’s 50-day moving average price is $368.86 and its 200 day moving average price is $399.53. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 9.86 and a beta of 0.86. Dillard’s has a 12 month low of $286.39 and a 12 month high of $476.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 3.14.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $7.98 EPS. Analysts predict that Dillard’s will post 31.2 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Monday, September 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.46%.

Insiders Place Their Bets

In other news, Director Robert C. Connor purchased 100 shares of the company’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $346.82 per share, with a total value of $34,682.00. Following the transaction, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 33.80% of the company’s stock.

Institutional Investors Weigh In On Dillard’s

A number of large investors have recently modified their holdings of DDS. ProShare Advisors LLC boosted its holdings in shares of Dillard’s by 6.3% during the 1st quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock valued at $289,000 after buying an additional 36 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Dillard’s by 11.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock worth $175,000 after acquiring an additional 45 shares in the last quarter. US Bancorp DE grew its holdings in Dillard’s by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after purchasing an additional 49 shares during the period. AQR Capital Management LLC increased its stake in shares of Dillard’s by 1.9% during the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock valued at $1,209,000 after purchasing an additional 50 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Dillard’s during the second quarter valued at approximately $26,000. Institutional investors own 67.15% of the company’s stock.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.