Is Major Move Coming For Dillard’s, Inc. (DDS) After This Bearish Double Bottom?

June 19, 2017 - By Michael Collier

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.16, from 1.09 in 2016Q3. It dropped, as 21 investors sold Dillard’s, Inc. shares while 61 reduced holdings. 21 funds opened positions while 55 raised stakes. 26.57 million shares or 2.30% less from 27.20 million shares in 2016Q3 were reported.
Princeton Alpha Mgmt Limited Partnership owns 7,538 shares for 0.1% of their portfolio. Riverhead Cap Mngmt Limited Liability invested in 22,900 shares or 0.09% of the stock. Citadel Ltd Liability Com holds 76,439 shares or 0% of its portfolio. Virginia Retirement Et Al has 17,400 shares. Brandywine Global Investment Management Ltd Liability Corp invested in 711,370 shares. Lingohr And Partner Asset Management Gmbh invested 1.15% of its portfolio in Dillard’s, Inc. (NYSE:DDS). 12,530 are owned by Cornerstone Mgmt Ltd Liability Co. Bnp Paribas Arbitrage holds 0% or 8,583 shares in its portfolio. Pinebridge Investments Ltd Partnership owns 1,700 shares for 0% of their portfolio. Deutsche Commercial Bank Ag owns 0% invested in Dillard’s, Inc. (NYSE:DDS) for 39,437 shares. Wedge Capital Mgmt L Limited Partnership Nc owns 4,844 shares for 0% of their portfolio. Jane Street Grp Inc Lc holds 21,074 shares or 0.01% of its portfolio. Clear Harbor Asset Mngmt Limited Com holds 0.09% in Dillard’s, Inc. (NYSE:DDS) or 7,170 shares. California Employees Retirement System invested in 0.01% or 107,300 shares. 1,555 are held by Envestnet Asset Mgmt.

Since June 8, 2017, it had 0 insider buys, and 1 insider sale for $1.81 million activity.

The chart of Dillard’s, Inc. (DDS) shows a double bottom with $50.59 target or 9.00 % below today’s $55.59 share price. The 7 months chart pattern indicates high risk for the $1.62 billion company. It was reported on Jun, 19 by Finviz.com. If the $50.59 price target is reached, the company will be worth $145.80 million less. Double bottoms are rare but powerful chart patterns.

It closed at $55.59 lastly. It is down 10.42% since June 19, 2016 and is downtrending. It has underperformed by 27.12% the S&P500.

Dillard’s, Inc. (NYSE:DDS) Ratings Coverage

Among 5 analysts covering Dillard’s (NYSE:DDS), 1 have Buy rating, 2 Sell and 2 Hold. Therefore 20% are positive. Dillard’s had 18 analyst reports since August 7, 2015 according to SRatingsIntel. Telsey Advisory Group maintained Dillard’s, Inc. (NYSE:DDS) on Friday, August 12 with “Market Perform” rating. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, May 13. As per Wednesday, February 22, the company rating was maintained by Telsey Advisory Group. The rating was maintained by Deutsche Bank on Tuesday, January 5 with “Hold”. The stock of Dillard’s, Inc. (NYSE:DDS) earned “Sell” rating by Zacks on Tuesday, August 25. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 14. The rating was upgraded by Credit Suisse to “Outperform” on Wednesday, September 28. Deutsche Bank maintained Dillard’s, Inc. (NYSE:DDS) on Friday, May 13 with “Sell” rating. Deutsche Bank maintained Dillard’s, Inc. (NYSE:DDS) on Tuesday, February 23 with “Hold” rating. The rating was initiated by Susquehanna on Friday, February 10 with “Neutral”.

More notable recent Dillard’s, Inc. (NYSE:DDS) news were published by: Nasdaq.com which released: “Is Dillard’s, Inc. (DDS) a Great Stock for Value Investors?” on June 13, 2017, also Businesswire.com with their article: “Dillard’s, Inc. Hosts Annual Meeting of Shareholders” published on May 20, 2017, Nasdaq.com published: “Why Is Dillard’s (DDS) Up 15% Since the Last Earnings Report?” on June 15, 2017. More interesting news about Dillard’s, Inc. (NYSE:DDS) were released by: Seekingalpha.com and their article: “Getting Paid To Wait In Dillard’s” published on June 09, 2017 as well as Seekingalpha.com‘s news article titled: “Is Dillard’s A Value Trap?” with publication date: June 12, 2017.

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