Dillard’s (NYSE:DDS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Dillard’s (NYSE:DDS) from a buy rating to a hold rating in a report issued on Monday morning.

Several other equities analysts have also issued reports on DDS. Telsey Advisory Group dropped their price objective on Dillard’s from $475.00 to $380.00 and set a market perform rating on the stock in a report on Friday, August 16th. UBS Group reduced their target price on shares of Dillard’s from $202.00 to $194.00 and set a sell rating for the company in a report on Friday, August 16th.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $332.80 on Monday. Dillard’s has a 52 week low of $286.39 and a 52 week high of $476.48. The firm has a market cap of $5.40 billion, a PE ratio of 7.56 and a beta of 0.85. The business’s fifty day simple moving average is $380.44 and its 200-day simple moving average is $414.03. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27.

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

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.30%. Dillard’s’s dividend payout ratio is presently 2.27%.

Insider Activity at Dillard’s

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

Institutional Trading of Dillard’s

Hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in shares of Dillard’s by 6.3% during the first quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock valued at $289,000 after acquiring an additional 36 shares in the last quarter. AQR Capital Management LLC increased its holdings in Dillard’s by 1.9% in the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock valued at $1,209,000 after buying an additional 50 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new stake in Dillard’s during the second quarter valued at approximately $26,000. SG Americas Securities LLC lifted its holdings in Dillard’s by 31.0% during the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after buying an additional 78 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Dillard’s by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock worth $881,000 after purchasing an additional 97 shares during the period. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Company Profile

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.