J P Morgan Chase & Co Reaffirms Underweight Rating for Dillard’s, Inc. (DDS)

Dillard’s, Inc. (NYSE:DDS)‘s stock had its “underweight” rating restated by J P Morgan Chase & Co in a note issued to investors on Thursday, The Fly reports. They currently have a $36.00 price objective on the stock, down from their previous price objective of $49.00. J P Morgan Chase & Co’s price objective would indicate a potential downside of 50.91% from the company’s previous close.

DDS has been the topic of several other reports. 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. Deutsche Bank AG lifted their price objective on Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.86.

Shares of Dillard’s (NYSE DDS) traded down 16.0559% on Thursday, hitting $61.5646. 4,964,035 shares of the stock traded hands. Dillard’s has a 12 month low of $45.51 and a 12 month high of $83.44. The company has a market cap of $1.80 billion, a PE ratio of 12.9392 and a beta of 1.12. The firm’s 50 day moving average is $63.80 and its 200-day moving average is $55.91.

Dillard’s (NYSE:DDS) last posted its quarterly 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. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. Equities analysts predict that Dillard’s will post $4.67 earnings per share for the current year.

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In other news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 23.27% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC bought a new position in Dillard’s during the fourth quarter valued at approximately $319,000. Norges Bank bought a new position in Dillard’s during the fourth quarter valued at approximately $18,711,000. Teachers Advisors LLC raised its position in Dillard’s by 56.6% in the fourth quarter. Teachers Advisors LLC now owns 35,799 shares of the company’s stock valued at $2,244,000 after buying an additional 12,932 shares during the period. Bank of Montreal Can raised its position in Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after buying an additional 708 shares during the period. Finally, Capstone Asset Management Co. bought a new position in Dillard’s during the first quarter valued at approximately $394,000. 93.36% of the stock is currently owned by hedge funds and other institutional investors.

About Dillard’s

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.

The Fly

Analyst Recommendations for Dillard`s (NYSE:DDS)

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