Dillard’s (NYSE:DDS) Given New $36.00 Price Target at Deutsche Bank

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

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Dillard’s from a sell rating to a hold rating in a research report on Friday, May 17th. TheStreet lowered Dillard’s from a b rating to a c rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. decreased their target price on Dillard’s from $54.00 to $37.00 and set an underweight rating on the stock in a research report on Friday, August 16th. Wedbush reiterated a neutral rating and set a $56.00 target price (down previously from $62.00) on shares of Dillard’s in a research report on Wednesday, August 14th. Finally, ValuEngine lowered Dillard’s from a hold rating to a sell rating in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Dillard’s presently has a consensus rating of Sell and an average price target of $54.33.

Shares of NYSE:DDS opened at $56.20 on Monday. Dillard’s has a 1 year low of $47.95 and a 1 year high of $86.71. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. 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 business’s 50 day moving average price is $66.57 and its 200-day moving average price is $66.54.

Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned ($0.10) EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that Dillard’s will post 3.55 earnings per share for the current year.

In related news, VP Tony J. Bolte sold 2,400 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total value of $154,704.00. Following the completion of the transaction, the vice president now directly owns 1,840 shares of the company’s stock, valued at approximately $118,606.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Dillard’s in the fourth quarter valued at approximately $23,247,000. Investors Research Corp bought a new stake in shares of Dillard’s in the first quarter valued at approximately $79,000. BNP Paribas Arbitrage SA raised its position in shares of Dillard’s by 31.4% in the first quarter. BNP Paribas Arbitrage SA now owns 8,860 shares of the company’s stock valued at $638,000 after purchasing an additional 2,119 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in shares of Dillard’s in the first quarter valued at approximately $432,000. Finally, New Amsterdam Partners LLC NY bought a new stake in shares of Dillard’s in the first quarter valued at approximately $1,219,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

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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