Dillard’s (NYSE:DDS) Shares Up 3.2%

Dillard’s, Inc. (NYSE:DDS)’s share price was up 3.2% during mid-day trading on Thursday . The company traded as high as $453.72 and last traded at $450.61. Approximately 40,259 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 94,428 shares. The stock had previously closed at $436.44.

Analyst Ratings Changes

A number of research firms have recently commented on DDS. UBS Group boosted their target price on shares of Dillard’s from $180.00 to $190.00 and gave the stock a “sell” rating in a research report on Tuesday, February 27th. Telsey Advisory Group increased their price objective on Dillard’s from $450.00 to $475.00 and gave the stock a “market perform” rating in a report on Friday, May 17th.

Dillard’s Stock Performance

The company has a quick ratio of 1.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.31. The stock has a market cap of $7.25 billion, a P/E ratio of 10.15 and a beta of 1.00. The stock has a fifty day simple moving average of $436.37 and a 200-day simple moving average of $402.83.

Dillard’s (NYSE:DDS) last posted its earnings results on Saturday, May 18th. The company reported $11.09 earnings per share for the quarter, topping analysts’ consensus estimates of $9.69 by $1.40. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Dillard’s had a return on equity of 39.41% and a net margin of 10.68%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.85 EPS. Equities analysts expect that Dillard’s, Inc. will post 33.77 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. Dillard’s’s dividend payout ratio (DPR) is 2.27%.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $411.21, for a total value of $205,605.00. Following the completion of the sale, the director now owns 11,400 shares of the company’s stock, valued at $4,687,794. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after buying an additional 52,974 shares during the period. Newport Trust Company LLC raised its stake in shares of Dillard’s by 1.0% during the 4th quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock valued at $2,019,147,000 after purchasing an additional 47,951 shares during the period. Scopus Asset Management L.P. purchased a new position in Dillard’s during the third quarter worth about $13,232,000. Goldman Sachs Group Inc. grew its position in Dillard’s by 110.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock worth $27,881,000 after buying an additional 36,253 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Dillard’s during the fourth quarter worth about $9,036,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.