Dillard’s, Inc. (DDS) Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Dillard’s, Inc. (NYSE:DDS) from a hold rating to a strong sell rating in a report published 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.”

A number of other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Dillard’s from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub lowered shares of Dillard’s from a buy rating to a hold rating in a research report on Friday, August 18th. J P Morgan Chase & Co restated an underweight rating and set a $36.00 price target (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. TheStreet upgraded shares of Dillard’s from a c rating to a b- rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG boosted their price target on shares of Dillard’s from $39.00 to $42.00 and gave the stock a sell rating in a research report on Tuesday, August 8th. 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 company’s stock. The company has a consensus rating of Hold and a consensus target price of $52.60.

Shares of Dillard’s (NYSE DDS) traded up 1.12% on Tuesday, hitting $52.39. 109,516 shares of the company were exchanged. The stock has a market capitalization of $1.31 billion, a PE ratio of 13.10 and a beta of 1.12. The firm’s 50-day moving average is $57.24 and its 200-day moving average is $56.79. Dillard’s has a 52-week low of $45.51 and a 52-week high of $83.44.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Equities research analysts predict that Dillard’s will post $3.57 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.77%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. Dillard’s’s payout ratio is presently 10.18%.

In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the transaction, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.63% of the company’s stock.

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