Jim Cramer on Dillard’s: “Sell Some of That, Buy Costco”

Dillard’s, Inc. (NYSE:DDS) is one of the stocks Jim Cramer recently talked about. A caller asked for Cramer’s take on the stock during the lightning round, and he commented:

“Well, first of all, I think that Dillard’s, having shopped there, but not that recently, I say, wow, up 42%. That’s a lot. Let’s do this. Let’s take some of it off the table and let the rest run, okay? Because the numbers aren’t that great and the multiple’s really high. I like Costco much better. Sell some of that, buy Costco.”

Source: pexels

Dillard’s, Inc. (NYSE:DDS) operates department stores and an online platform that provides apparel, accessories, cosmetics, home furnishings, and related goods. During the April 29 episode, Cramer said that the stock is not a place to be. He stated:

“Now, I mean, and we’re in a world now where you really are going to make money in Amazon, in TJX, okay, you’ll make money in Walmart, and you’re going to be struggling to make money in any other retailer other than Costco. I don’t think Dillard’s is a place to be.”

Since the above comment was aired, the company’s stock is up almost 80%.

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Disclosure: None. This article is originally published at Insider Monkey.