Dillard’s (NYSE:DDS) Cut to Hold at StockNews.com

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

Other analysts have also issued research reports about the company. Telsey Advisory Group cut their price objective on Dillard’s from $475.00 to $380.00 and set a market perform rating for the company in a report on Friday, August 16th. UBS Group cut their target price on Dillard’s from $202.00 to $194.00 and set a sell rating on the stock in a research report on Friday, August 16th.

Dillard’s Trading Down 0.8 %

Shares of Dillard’s stock opened at $335.76 on Monday. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 7.63 and a beta of 0.85. The business has a fifty day simple moving average of $382.41 and a 200-day simple moving average of $414.60. Dillard’s has a fifty-two week low of $286.39 and a fifty-two week high of $476.48.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share for the quarter, missing the consensus estimate of $5.97 by ($1.38). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $7.98 EPS. On average, equities analysts forecast that Dillard’s will post 31.2 EPS for the current fiscal year.

Dillard’s Dividend Announcement

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

Insider Transactions at Dillard’s

In related news, Director Robert C. Connor bought 100 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $346.82 per share, with a total value of $34,682.00. Following the completion of the transaction, the director now directly owns 78,000 shares of the company’s stock, valued at $27,051,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 33.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dillard’s

Institutional investors have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Dillard’s in the second quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Dillard’s in the 1st quarter worth approximately $68,000. Point72 Hong Kong Ltd boosted its stake in shares of Dillard’s by 430.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after buying an additional 142 shares during the period. SG Americas Securities LLC grew its holdings in shares of Dillard’s by 31.0% during the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock valued at $145,000 after acquiring an additional 78 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Dillard’s in the fourth quarter worth $150,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

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.