Skip to main content

Market Overview

UPDATE: JP Morgan Cuts PT to $84 on Dillard's on Q4 Miss

Share:

JP Morgan maintained Dillard's (NYSE: DDS) with a Neutral rating and lowered the price target from $90.00 to $84.00.

JP Morgan commented, "With shares of DDS up 100%+ over the past 18 months today's reaction (down ~10%) to its 4Q EPS print ($2.87 reported or ~$2.71 ex tax benefit vs. Street at $2.90) is not surprising, particularly in light of five consecutive meaningful beats (avg. vs. Street of $0.19) and short interest near a 5-year low into the print (1.9M). That said, fundamentals remain intact with top line (+3.0% SSS) accelerating on a 3-year basis (i.e. 4Q10 inflection point) and gross margin respectable (+35bps core). … Taking a conservative approach, we are reducing our FY13E EPS to $7.00 from $7.20 and lowering our Dec '13 PT to $84 from $90 based on 12.0x P/E."

Dillard's closed at $76.92 on Monday.

Latest Ratings for DDS

DateFirmActionFromTo
Feb 2021Deutsche BankMaintainsHold
Jan 2021Deutsche BankUpgradesSellHold
Aug 2020WedbushMaintainsNeutral

View More Analyst Ratings for DDS
View the Latest Analyst Ratings

 

Related Articles (DDS)

View Comments and Join the Discussion!

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com