Dillard’s (NYSE:DDS) Shares Gap Down on Analyst Downgrade
Shares of Dillard’s, Inc. (NYSE:DDS) gapped down before the market opened on Monday after Deutsche Bank lowered their price target on the stock from $49.00 to $36.00. The stock had previously closed at $62.67, but opened at $55.31. Deutsche Bank currently has a sell rating on the stock. Dillard’s shares last traded at $58.01, with a volume of 11,969 shares.
Other research analysts also recently issued reports about the company. Wedbush reaffirmed a “neutral” rating and set a $56.00 price target (down from $62.00) on shares of Dillard’s in a research note on Wednesday, August 14th. ValuEngine lowered Dillard’s from a “hold” rating to a “sell” rating in a report on Friday. TheStreet lowered Dillard’s from a “b” rating to a “c” rating in a report on Thursday, May 16th. Telsey Advisory Group reissued a “market perform” rating and set a $58.00 price objective (down from $65.00) on shares of Dillard’s in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on Dillard’s from $54.00 to $37.00 and set an “underweight” rating for the company in a report on Friday. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Dillard’s has a consensus rating of “Sell” and a consensus price target of $54.33.
In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total transaction of $154,704.00. Following the completion of the sale, the vice president now directly owns 1,840 shares of the company’s stock, valued at approximately $118,606.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.10% of the company’s stock.
The stock has a market capitalization of $1.46 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.20 and a beta of 1.03. The stock has a 50 day simple moving average of $67.15 and a two-hundred day simple moving average of $66.84. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.35.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.19%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned ($0.10) earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts predict that Dillard’s, Inc. will post 4.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, June 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. Dillard’s’s payout ratio is 6.54%.
Dillard’s Company Profile (NYSE:DDS)
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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