Dillard’s, Inc. (DDS) Rating Increased to Hold at Zacks Investment Research

Dillard’s, Inc. (NYSE:DDS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Dillard’s outperformed the industry in the past six months owing to its strategic efforts. The company delivered robust third-quarter results, wherein both the top and bottom lines outpaced the estimates. However, its earnings and revenues declined year over year. Further, increased markdowns to manage inventories have been denting the company’s margins for a while now. Persistence of the challenging trends in the apparel retail space arising out of the changing preference of customers from offline to online also remains threats. Nevertheless, management retained its fiscal 2017 forecasts. We are encouraged by its constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and e-commerce business. Additionally, Dillard’s focus on increasing productivity and enhancing domestic operations are likely to strengthen customer base. Its constant shareholder-friendly moves are also noteworthy.”

DDS has been the topic of several other reports. BidaskClub raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. Deutsche Bank AG lifted their price target on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co restated an “underweight” rating and issued a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.25.

Shares of Dillard’s (DDS) traded up $0.05 during trading on Monday, hitting $57.27. 2,279,200 shares of the stock traded hands, compared to its average volume of 899,718. The firm has a market cap of $1,662.03, a PE ratio of 15.07, a price-to-earnings-growth ratio of 6.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.14 and a current ratio of 1.42. Dillard’s has a fifty-two week low of $45.51 and a fifty-two week high of $83.44.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.35 billion. Dillard’s had a net margin of 1.92% and a return on equity of 7.40%. Dillard’s’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. analysts expect that Dillard’s will post 3.42 earnings per share for the current year.

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In related 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 value of $27,135.00. Following the completion of the sale, the director now owns 8,200 shares of the company’s stock, valued at $494,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.63% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. OxFORD Asset Management LLP acquired a new stake in Dillard’s in the third quarter worth about $275,000. KBC Group NV raised its position in Dillard’s by 15.2% in the third quarter. KBC Group NV now owns 44,792 shares of the company’s stock worth $2,511,000 after acquiring an additional 5,915 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Dillard’s by 9.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 140,795 shares of the company’s stock worth $7,895,000 after acquiring an additional 11,573 shares in the last quarter. Commonwealth Bank of Australia raised its position in Dillard’s by 31.8% in the third quarter. Commonwealth Bank of Australia now owns 18,654 shares of the company’s stock worth $1,042,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Dillard’s in the third quarter worth about $431,000. 93.12% of the stock is owned by institutional investors and hedge funds.

Dillard’s Company Profile

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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