Dillard’s (DDS) Reaches New 12-Month High at $98.75

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Dillard’s, Inc. (NYSE:DDS) shares hit a new 52-week high on Thursday . The stock traded as high as $98.75 and last traded at $97.26, with a volume of 10184 shares changing hands. The stock had previously closed at $96.17.

Several research analysts have recently weighed in on DDS shares. Bank of America raised shares of Dillard’s from an “underperform” rating to a “buy” rating and boosted their price target for the company from $77.37 to $89.00 in a research report on Monday, May 21st. Deutsche Bank boosted their price target on shares of Dillard’s from $51.00 to $52.00 and gave the company a “sell” rating in a research report on Monday, February 26th. Zacks Investment Research cut shares of Dillard’s from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. ValuEngine cut shares of Dillard’s from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $60.00 price objective on shares of Dillard’s in a report on Thursday, June 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Dillard’s currently has a consensus rating of “Hold” and an average price target of $68.17.

The firm has a market cap of $2.69 billion, a PE ratio of 17.60, a PEG ratio of 1.56 and a beta of 1.08. The company has a current ratio of 1.60, a quick ratio of 0.21 and a debt-to-equity ratio of 0.34.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, May 17th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Dillard’s had a net margin of 3.65% and a return on equity of 9.45%. Dillard’s’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 EPS. analysts forecast that Dillard’s, Inc. will post 6.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 6th. Investors of record on Friday, June 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.40 annualized dividend and a yield of 0.42%. Dillard’s’s dividend payout ratio (DPR) is currently 8.33%.

Dillard’s announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

In other Dillard’s news, Director James I. Freeman sold 70,000 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $75.61, for a total transaction of $5,292,700.00. Following the sale, the director now directly owns 226,930 shares in the company, valued at $17,158,177.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Tom W. Bolin sold 495 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $92.22, for a total transaction of $45,648.90. Following the sale, the vice president now owns 569 shares in the company, valued at $52,473.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,226 shares of company stock worth $10,699,113. 19.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Dillard’s during the fourth quarter worth about $1,235,000. California Public Employees Retirement System increased its stake in Dillard’s by 5.2% during the fourth quarter. California Public Employees Retirement System now owns 124,752 shares of the company’s stock worth $7,491,000 after purchasing an additional 6,219 shares during the period. Vident Investment Advisory LLC increased its stake in Dillard’s by 6.5% during the fourth quarter. Vident Investment Advisory LLC now owns 37,167 shares of the company’s stock worth $2,232,000 after purchasing an additional 2,266 shares during the period. Quadrature Capital Ltd purchased a new stake in Dillard’s during the fourth quarter worth about $352,000. Finally, Teacher Retirement System of Texas purchased a new stake in Dillard’s during the fourth quarter worth about $307,000. Institutional investors own 87.74% of the company’s stock.

Dillard’s Company Profile

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

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