Deutsche Bank Cuts Dillard’s (NYSE:DDS) Price Target to $36.00

Dillard’s (NYSE:DDS) had its price target decreased by Deutsche Bank from $49.00 to $36.00 in a research note released on Monday morning, BenzingaRatingsTable reports. Deutsche Bank currently has a sell rating on the stock.

A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Dillard’s from a hold rating to a sell rating in a research note on Friday, August 16th. JPMorgan Chase & Co. cut their price target on Dillard’s from $54.00 to $37.00 and set an underweight rating for the company in a research note on Friday, August 16th. Zacks Investment Research raised Dillard’s from a sell rating to a hold rating in a research note on Friday, May 17th. Telsey Advisory Group reaffirmed a market perform rating and set a $58.00 price target (down from $65.00) on shares of Dillard’s in a research note on Friday, August 16th. Finally, TheStreet downgraded Dillard’s from a b rating to a c rating in a research note on Thursday, May 16th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of Sell and a consensus price target of $54.33.

DDS opened at $56.49 on Monday. Dillard’s has a fifty-two week low of $47.95 and a fifty-two week high of $86.71. The business has a 50-day moving average of $66.68 and a 200-day moving average of $66.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.86 and a quick ratio of 0.26. The company has a market capitalization of $1.42 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.03.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($1.74) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.97). Dillard’s had a return on equity of 7.23% and a net margin of 2.04%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts expect that Dillard’s will post 3.85 earnings per share for the current fiscal year.

In other news, VP Tony J. Bolte sold 2,400 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total transaction of $154,704.00. Following the transaction, the vice president now owns 1,840 shares of the company’s stock, valued at approximately $118,606.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DDS. Signaturefd LLC grew its holdings in Dillard’s by 153.5% in the 2nd quarter. Signaturefd LLC now owns 431 shares of the company’s stock valued at $27,000 after buying an additional 261 shares during the last quarter. Point72 Hong Kong Ltd grew its holdings in Dillard’s by 22.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock valued at $75,000 after buying an additional 216 shares during the last quarter. Investors Research Corp acquired a new stake in Dillard’s in the 1st quarter valued at approximately $79,000. NumerixS Investment Technologies Inc acquired a new stake in Dillard’s in the 1st quarter valued at approximately $86,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in Dillard’s by 50.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,672 shares of the company’s stock valued at $167,000 after buying an additional 897 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

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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Analyst Recommendations for Dillard`s (NYSE:DDS)

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