Dillard’s (NYSE:DDS) Stock Rating Lowered by StockNews.com

Dillard’s (NYSE:DDS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research firms also recently commented on DDS. Telsey Advisory Group upped their price objective on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. UBS Group upped their price target on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research note on Friday, November 15th.

Dillard’s Price Performance

Dillard’s stock opened at $434.75 on Monday. Dillard’s has a 1 year low of $328.00 and a 1 year high of $476.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm has a 50 day moving average price of $437.08 and a 200 day moving average price of $400.12. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 11.19 and a beta of 0.89.

Hedge Funds Weigh In On Dillard’s

Several hedge funds and other institutional investors have recently made changes to their positions in DDS. American Century Companies Inc. raised its position in Dillard’s by 2.0% in the second quarter. American Century Companies Inc. now owns 42,803 shares of the company’s stock valued at $18,850,000 after purchasing an additional 830 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Dillard’s by 36.0% during the 2nd quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock valued at $54,696,000 after buying an additional 32,900 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Dillard’s by 592.9% during the 2nd quarter. Edgestream Partners L.P. now owns 11,482 shares of the company’s stock valued at $5,057,000 after buying an additional 9,825 shares during the period. Denali Advisors LLC boosted its holdings in Dillard’s by 31.1% in the 2nd quarter. Denali Advisors LLC now owns 13,009 shares of the company’s stock worth $5,729,000 after acquiring an additional 3,089 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Dillard’s in the second quarter valued at approximately $1,365,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.