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

Wall Street Zen lowered shares of Dillard’s (NYSE:DDS) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. UBS Group increased their target price on Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. JPMorgan Chase & Co. boosted their price target on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a report on Monday, August 17th. Weiss Ratings lowered Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Dillard’s has an average rating of “Reduce” and a consensus price target of $545.67.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $651.23 on Friday. The firm has a market cap of $10.17 billion, a PE ratio of 14.92 and a beta of 1.15. The firm’s 50-day simple moving average is $595.77 and its 200-day simple moving average is $585.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03. Dillard’s has a 1 year low of $503.06 and a 1 year high of $741.97.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. Equities analysts forecast that Dillard’s will post 35.5 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio is 2.75%.

Hedge Funds Weigh In On Dillard’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Dillard’s by 322.9% in the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after purchasing an additional 2,680 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dillard’s by 110.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares during the period. Millennium Management LLC grew its stake in Dillard’s by 18.3% during the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after buying an additional 6,913 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after buying an additional 28,468 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Dillard’s in the first quarter worth $3,746,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Company Profile

Dillard’s, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard’s also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.