Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Dillard’s Is A ‘Best Idea’ For This Analyst

Courtesy of Benzinga.

Dillard's Is A 'Best Idea' For This Analyst

Department store chain Dillard’s, Inc. (NYSE: DDS) is an attractive story which boasts multiple growth strategies that are likely to translate to higher profits over time, according to Wedbush.

The Analyst

Wedbush’s Jen Redding initiated coverage of Dillard’s with an Outperform rating and $95 12-month price target. The firm also added Dillard’s to its “Wedbush Best Ideas List.”

The Thesis

Dillard’s management team is overseeing multiple growth initiatives that can not only strengthen the relationship with customers but improve total profitability, Redding said in a note. These include store remodels, new employee incentive programs, improved relations with brands and inventory management across the e-commerce platform.

Management’s many initiatives are showing signs of success, including three consecutive quarters of earnings beats, the analyst wrote. The company is scheduled to report its second-quarter results Thursday and the trend is likely to continue based on Wedbush’s proprietary tracking of e-commerce data, marketing campaigns and promotional metrics.

The bullish stance on Dillard’s can also be made based on the concentrated ownership structure and a high short interest where 23.57 percent of shares outstanding are shorted (as of July 12) with 14.7 days to cover, the analyst wrote.

Price Action

Shares of Dillard’s were trading higher by more than 6.8 percent at $87.37.

Related Links:

Energy Sector Growth Will Help Fuel Dillard’s, BofA Says In Double Upgrade

5 Analysts On Q1 Retail Earnings

Photo by Zereshk/Wikimedia. 

Latest Ratings for DDS

Date Firm Action From To
Aug 2018 Wedbush Initiates Coverage On Outperform
Jun 2018 Susquehanna Terminates Neutral Neutral
May 2018 Bank of America Upgrades Underperform Buy

View More Analyst Ratings for DDS


View the Latest Analyst Ratings

Posted-In: ecommerce Jen Redding retailers WedbushAnalyst Color Price Target Initiation Analyst Ratings Best of Benzinga


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!