Dillard’s (NYSE:DDS) Shares Gap Down – Should You Sell?

Dillard’s, Inc. (NYSE:DDS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $646.18, but opened at $608.57. Dillard’s shares last traded at $577.2550, with a volume of 76,871 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DDS. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. JPMorgan Chase & Co. increased their price target on shares of Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. UBS Group boosted their price objective on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a report on Friday, November 28th. Finally, Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dillard’s has a consensus rating of “Hold” and an average price target of $511.33.

Dillard’s Trading Down 7.9%

The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $644.82 and its two-hundred day moving average is $615.48. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 16.07 and a beta of 1.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Dillard’s by 9.1% in the fourth quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock worth $116,000 after buying an additional 16 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock worth $67,000 after acquiring an additional 16 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Dillard’s by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock worth $242,000 after acquiring an additional 16 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Dillard’s by 0.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after acquiring an additional 16 shares during the period. Finally, Virtu Financial LLC boosted its stake in Dillard’s by 1.1% during the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.