J P Morgan Chase & Co Reaffirms “Underweight” Rating for Dillard’s, Inc. (NYSE:DDS)
Dillard’s, Inc. (NYSE:DDS)‘s stock had its “underweight” rating reiterated by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $36.00 target price on the stock, down from their previous target price of $49.00. J P Morgan Chase & Co’s price target indicates a potential downside of 37.94% from the stock’s previous close.
Several other research firms have also commented on DDS. Deutsche Bank AG raised their target price on shares of Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday. BidaskClub raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. TheStreet raised shares of Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday. ValuEngine lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.86.
Shares of Dillard’s (DDS) opened at 58.01 on Thursday. The company has a market capitalization of $1.69 billion, a PE ratio of 12.19 and a beta of 1.12. The firm’s 50-day moving average is $64.28 and its 200 day moving average is $55.96. Dillard’s has a 52 week low of $45.51 and a 52 week high of $83.44.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.19 by $0.77. Dillard’s had a net margin of 2.04% and a return on equity of 7.76%. The firm 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 business earned $0.35 earnings per share. Dillard’s’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts anticipate that Dillard’s will post $4.67 earnings per share for the current fiscal year.
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In related news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 23.27% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Guggenheim Capital LLC bought a new stake in shares of Dillard’s during the fourth quarter valued at about $319,000. Parametrica Management Ltd bought a new stake in shares of Dillard’s during the second quarter valued at about $618,000. CIBC World Markets Inc. bought a new stake in shares of Dillard’s during the first quarter valued at about $1,248,000. Segantii Capital Management Ltd bought a new stake in shares of Dillard’s during the first quarter valued at about $125,000. Finally, Merriman Wealth Management LLC bought a new stake in shares of Dillard’s during the first quarter valued at about $876,000. 93.36% of the stock is currently owned by institutional investors.
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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