Dillard’s (NYSE:DDS) Downgraded by StockNews.com to “Hold”

Dillard’s (NYSE:DDS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other analysts have also recently issued reports on the company. UBS Group upped their target price on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday, November 15th. Telsey Advisory Group boosted their target price on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th.

Dillard’s Stock Down 1.8 %

Dillard’s stock traded down $8.17 during midday trading on Monday, reaching $438.26. The company’s stock had a trading volume of 179,174 shares, compared to its average volume of 134,282. The business has a 50-day simple moving average of $436.16 and a 200-day simple moving average of $400.16. The company has a market cap of $6.97 billion, a P/E ratio of 11.28 and a beta of 0.89. Dillard’s has a fifty-two week low of $328.00 and a fifty-two week high of $476.48. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Dillard’s

A number of institutional investors and hedge funds have recently bought and sold shares of DDS. Pacer Advisors Inc. acquired a new stake in Dillard’s in the third quarter valued at $125,388,000. Renaissance Technologies LLC increased its stake in Dillard’s by 36.0% during the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock valued at $54,696,000 after purchasing an additional 32,900 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Dillard’s by 229.1% during the third quarter. Victory Capital Management Inc. now owns 18,249 shares of the company’s stock worth $7,002,000 after purchasing an additional 12,704 shares during the period. LMR Partners LLP bought a new position in shares of Dillard’s in the 3rd quarter worth about $4,796,000. Finally, Edgestream Partners L.P. boosted its holdings in shares of Dillard’s by 592.9% in the 2nd quarter. Edgestream Partners L.P. now owns 11,482 shares of the company’s stock valued at $5,057,000 after buying an additional 9,825 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.