Dillard’s, Inc. (NYSE:DDS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

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.”

DDS has been the topic of a number of other research reports. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised Dillard’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. Deutsche Bank AG lifted their price objective on Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $36.00 price objective (down previously from $49.00) on shares of Dillard’s in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $52.60.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share (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 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 previous year, the firm earned $0.35 EPS. The business’s revenue was down 1.7% compared to the same quarter last year.

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In related news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total transaction of $27,135.00. Following the completion of the transaction, the director now owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.27% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. QS Investors LLC boosted its holdings in Dillard’s by 0.7% during the 2nd quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after acquiring an additional 12 shares during the period. LS Investment Advisors LLC boosted its holdings in Dillard’s by 16.4% during the 2nd quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after acquiring an additional 281 shares during the period. Victory Capital Management Inc. boosted its holdings in Dillard’s by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after acquiring an additional 325 shares during the period. Advantus Capital Management Inc purchased a new position in Dillard’s during the 1st quarter valued at $169,000. Finally, Verity Asset Management Inc. purchased a new position in Dillard’s during the 2nd quarter valued at $225,000. Institutional investors 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.

Analyst Recommendations for Dillard`s (NYSE:DDS)

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