Zacks Investment Research lowered shares of Dillard’s, Inc. (NYSE:DDS) from a hold rating to a strong sell rating in a research report released on Tuesday, October 10th.
According to Zacks, “Dillard’s has underperformed the industry in the past month due to its dismal earnings trend. The company has missed bottom line estimates in six out of the last eight quarters due to the challenging trends in the apparel retail space arising out of the changing preference of customers from offline to online. This dismal trend lingered into second-quarter fiscal 2017 as well, wherein both the top and bottom line fell year over year. Well, persistence of these trends along with stiff industry competition remain threats. However, we are encouraged by its constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and e-commerce business. Further, Dillard’s focus on increasing productivity, enhancing domestic operations and developing an omni-channel platform should strengthen customer base. Moreover, the company’s constant shareholder-friendly moves are noteworthy. Estimates have been stable lately.”
Other analysts have also issued reports about the stock. TheStreet raised shares of Dillard’s from a c rating to a b- rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Dillard’s from a strong-buy rating to a buy rating in a report on Saturday, August 12th. ValuEngine upgraded shares of Dillard’s from a hold rating to a buy rating in a report on Friday, September 1st. Deutsche Bank AG upped their price target on shares of Dillard’s from $39.00 to $42.00 and gave the company a sell rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reiterated an underweight rating and set a $36.00 price objective (down from $49.00) on shares of Dillard’s in a research note on Thursday, August 10th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $52.60.
Dillard’s (NYSE:DDS) traded up 3.51% during midday trading on Tuesday, hitting $55.70. 325,359 shares of the stock were exchanged. Dillard’s has a 52 week low of $45.51 and a 52 week high of $83.44. The firm’s 50-day moving average is $55.59 and its 200 day moving average is $56.78. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 13.80 and a beta of 1.12.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.77). Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts expect that Dillard’s will post $3.56 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 0.74%. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s dividend payout ratio (DPR) is presently 10.18%.
In related news, Director J C. Watts, Jr. sold 450 shares of Dillard’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the completion of the sale, the director now owns 8,200 shares of the company’s stock, valued at approximately $494,460. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 23.27% of the company’s stock.
Large investors have recently modified their holdings of the business. Parametrica Management Ltd bought a new position in Dillard’s during the 2nd quarter valued at $618,000. Royce & Associates LP raised its stake in shares of Dillard’s by 41.8% during the 2nd quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock worth $8,047,000 after purchasing an additional 41,098 shares during the period. Commonwealth Bank of Australia raised its stake in Dillard’s by 31.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 14,154 shares of the company’s stock valued at $816,000 after acquiring an additional 3,400 shares during the period. Aristotle Fund L.P. bought a new stake in Dillard’s in the 2nd quarter valued at about $4,558,000. Finally, Ray Gerald L & Associates Ltd. bought a new stake in Dillard’s in the 2nd quarter valued at about $363,000. Institutional investors and hedge funds own 94.46% of the company’s stock.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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