StockNews.com Upgrades Dillard’s (NYSE:DDS) to Buy

Dillard’s (NYSE:DDS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

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

Dillard’s Price Performance

Shares of NYSE DDS opened at $494.42 on Tuesday. Dillard’s has a fifty-two week low of $328.00 and a fifty-two week high of $501.41. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 12.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm’s 50-day simple moving average is $454.93 and its 200 day simple moving average is $406.68.

Insider Buying and Selling

In other news, VP Tom W. Bolin sold 300 shares of Dillard’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the sale, the vice president now owns 1,167 shares in the company, valued at $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 33.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dillard’s

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Dillard’s by 3.7% in the 3rd quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after buying an additional 2,758 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Dillard’s during the third quarter worth approximately $611,000. Pacer Advisors Inc. acquired a new position in shares of Dillard’s during the third quarter worth approximately $125,388,000. Quantbot Technologies LP lifted its holdings in shares of Dillard’s by 49.3% during the third quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock worth $2,171,000 after buying an additional 1,868 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Dillard’s by 10.1% during the third quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock valued at $1,957,000 after purchasing an additional 467 shares during the period. 67.15% of the stock is currently owned by institutional investors.

About Dillard’s

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.