Dillard's (NYSE:DDS) Downgraded by StockNews.com to Hold

Defense World · Sep 25, 2022 14:11

Dillard's (NYSE:DDS – Get Rating) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Several other equities research analysts have also issued reports on DDS. JPMorgan Chase & Co. upgraded shares of Dillard's from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $210.00 to $298.00 in a report on Monday, August 15th. Bank of America lowered their target price on shares of Dillard's from $215.00 to $150.00 and set an "underperform" rating for the company in a report on Thursday, July 7th. Finally, Telsey Advisory Group raised their target price on shares of Dillard's from $325.00 to $350.00 and gave the stock a "market perform" rating in a report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $245.75.

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Dillard's Price Performance

DDS stock opened at $280.00 on Friday. Dillard's has a 52 week low of $167.03 and a 52 week high of $416.71. The company has a quick ratio of 0.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $276.46 and a two-hundred day simple moving average of $276.86. The firm has a market capitalization of $4.80 billion, a P/E ratio of 5.67 and a beta of 0.73.

Dillard's (NYSE:DDS – Get Rating) last released its earnings results on Thursday, August 11th. The company reported $9.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $6.42. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Dillard's had a net margin of 13.73% and a return on equity of 60.87%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $8.81 EPS. Analysts anticipate that Dillard's will post 36.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dillard's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDS. Teacher Retirement System of Texas bought a new stake in Dillard's during the 4th quarter valued at about $271,000. Ensign Peak Advisors Inc purchased a new position in Dillard's during the 4th quarter valued at about $149,000. Gotham Asset Management LLC increased its position in Dillard's by 3.5% during the 4th quarter. Gotham Asset Management LLC now owns 1,322 shares of the company's stock valued at $324,000 after purchasing an additional 45 shares during the period. Barclays PLC increased its position in Dillard's by 4.1% during the 4th quarter. Barclays PLC now owns 22,052 shares of the company's stock valued at $5,404,000 after purchasing an additional 864 shares during the period. Finally, One Wealth Advisors LLC purchased a new position in Dillard's during the 4th quarter valued at about $252,000. Institutional investors own 59.27% of the company's stock.

About Dillard's

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Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.

Dillard's (NYSE:DDS) Downgraded by StockNews.com to Hold

Dillard's Price Performance

Institutional Investors Weigh In On Dillard's

About Dillard's

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