Dillard’s (NYSE:DDS) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report released on Tuesday, MarketBeat.com reports. They presently have a $70.00 price objective on the stock, down from their prior price objective of $95.00. Wedbush’s price objective would indicate a potential downside of 0.60% from the stock’s current price. Wedbush also issued estimates for Dillard’s’ Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $3.05 EPS, Q1 2020 earnings at $3.05 EPS, Q2 2020 earnings at ($0.09) EPS, Q3 2020 earnings at $0.51 EPS and Q4 2020 earnings at $3.08 EPS. The analysts noted that the move was a valuation call.
DDS has been the topic of a number of other research reports. Zacks Investment Research downgraded Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on Dillard’s to $60.00 and gave the company an “underweight” rating in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $71.86.
DDS opened at $70.42 on Tuesday. Dillard’s has a 12-month low of $49.91 and a 12-month high of $98.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.23 and a current ratio of 1.71. The firm has a market cap of $2.03 billion, a PE ratio of 14.67, a PEG ratio of 1.22 and a beta of 0.85.
In other Dillard’s news, Director Robert C. Connor purchased 1,000 shares of the stock in a transaction on Friday, August 24th. The stock was acquired at an average price of $75.42 per share, with a total value of $75,420.00. Following the completion of the acquisition, the director now owns 68,000 shares in the company, valued at $5,128,560. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Warren A. Stephens purchased 10,000 shares of the stock in a transaction on Friday, August 17th. The stock was acquired at an average cost of $76.41 per share, with a total value of $764,100.00. The disclosure for this purchase can be found here. 19.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its holdings in Dillard’s by 51.1% in the third quarter. US Bancorp DE now owns 8,283 shares of the company’s stock worth $632,000 after acquiring an additional 2,800 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Dillard’s in the third quarter worth about $550,000. Palo Capital Inc. acquired a new stake in Dillard’s in the third quarter worth about $691,000. Grace & White Inc. NY boosted its holdings in Dillard’s by 27.0% in the third quarter. Grace & White Inc. NY now owns 31,950 shares of the company’s stock worth $2,439,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Bowling Portfolio Management LLC acquired a new stake in Dillard’s in the third quarter worth about $1,030,000. 88.01% of the stock is owned by institutional investors and hedge funds.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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