KIEV, UKRAINE – December 31, 2018: The Dillard’s Department Store company logo… [+] is seen on a smartphone in this photo illustration. (Photo courtesy of Getty Images/Igor Golovniov/SOPA Images/LightRocket)
Getty Images/LightRocket
Dillard’s stock (NYSE: DDS), an apparel and home furnishings department store chain, has risen by over 35% in the last twenty-one trading days (one month) and is now trading at around $178. It’s worth noting that the broader S&P500 only grew by a smidgeon during the same time span. Is DDS stock set to rise much higher now? We feel the company is still undervalued on a fundamental level, and the stock has space to grow in the future. Based on our machine learning study of stock price trends over the last ten years, Dillard’s stock has a 56 percent chance of rising over the next month (twenty-one trading days). For more information, see our DDS Stock Chances of Rise study. ‘Event Probability’ and ‘Chance of Rise’ were calculated using data from the previous ten years.
[1] A five-day return of 5.5 percent or more occurred 445 times out of 2517 occasions; in 224 of these 445 cases, the stock gained in the following five days.
[2] A 9.3% or higher return over a ten-day period occurred 342 times out of 2517 times, with the stock rising in 179 of these 342 instances.
[3] A 35 percent or higher gain over a twenty-one-day period occurred 48 times out of 2517 times; in 27 of these 48 cases, the stock climbed in the following 21 days.
Retail revenues are being eroded by e-commerce, yet this could be an investment opportunity. A wide range of companies that stand to benefit from the huge change may be found in our E-commerce Stocks topic.
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