Schaeffer's Top Stock Picks for '25

Dillard's Stock Takes a Tumble After Earnings, Greenlight Exit

Hedge fund Greenlight Capital dissolved its stake in DDS

Digital Content Manager
May 16, 2019 at 10:05 AM
facebook X logo linkedin


The shares of retail stock Dillard's Inc (NYSE:DDS) are way lower this morning, after the firm reported first-quarter revenue below expectations. Plus, hedge fund Greenlight Capital dissolved its stake in the department store. As such, DDS shares have dropped 9.7% to $57.26 as a result.

Dillard's stock today is now dangerously close to its Dec. 24 low of $55.73. Plus, DDS has taken a beating since gapping lower in late April, and is pacing for its worst month since late August 2017, down more than 16% in May so far.

Analysts are already jumping on the stock with bear notes, too. Wedbush just hit DDS with a price target cut to $54 from $65, while J.P. Morgan Securities slashed its target to $56 from $57. These negative notes are just more of the same for Dillard's, though. Currently, the retailer has one "hold" and four "sell" or worse ratings, and not a single "buy" on the books. What's more, the consensus 12-month target price of $56 is at a slight discount to current levels.

Several recent option buyers are likely kicking rocks today, as bulls were jumping on the security ahead of earnings. DDS sports a 10-day call/put volume ratio of 1.54 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 83rd percentile of its annual range, suggesting that calls have been bought to open over puts at a much quicker clip than usual in the past two weeks.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?