Dillard’s (NYSE:DDS) Lowered to “Hold” Rating by Wall Street Zen

Dillard’s (NYSE:DDS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently weighed in on DDS. UBS Group raised their target price on Dillard’s from $150.00 to $170.00 and gave the company a “sell” rating in a research note on Friday, May 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 price target on shares of Dillard’s in a report on Friday, May 16th.

Dillard’s Stock Performance

Shares of NYSE:DDS opened at $455.81 on Friday. The company has a market cap of $7.13 billion, a P/E ratio of 12.59 and a beta of 0.99. Dillard’s has a one year low of $282.24 and a one year high of $510.00. The business’s 50-day simple moving average is $396.06 and its 200 day simple moving average is $405.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, May 15th. The company reported $10.39 EPS for the quarter, topping analysts’ consensus estimates of $9.10 by $1.29. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a net margin of 8.93% and a return on equity of 30.52%. During the same period in the previous year, the company posted $11.10 earnings per share. On average, sell-side analysts forecast that Dillard’s will post 33.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. New Vernon Capital Holdings II LLC raised its stake in shares of Dillard’s by 26,618.5% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company’s stock valued at $66,694,000 after purchasing an additional 185,531 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Dillard’s by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock worth $33,266,000 after purchasing an additional 39,858 shares in the last quarter. Millennium Management LLC increased its holdings in Dillard’s by 3,989.8% in the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company’s stock valued at $16,315,000 after buying an additional 36,866 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Dillard’s by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after buying an additional 28,468 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Dillard’s by 47.0% during the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company’s stock worth $35,307,000 after buying an additional 26,132 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

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.