Dillard’s, Inc. (NYSE:DDS) Director Robert C. Connor acquired 800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $56.86 per share, with a total value of $45,488.00. Following the completion of the transaction, the director now directly owns 70,200 shares in the company, valued at $3,991,572. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Dillard’s stock traded up $0.33 during trading on Friday, hitting $56.64. 60,363 shares of the company were exchanged, compared to its average volume of 443,756. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.78 and a quick ratio of 0.22. Dillard’s, Inc. has a fifty-two week low of $55.01 and a fifty-two week high of $98.75. The company has a market capitalization of $1.53 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.15 and a beta of 0.88.
Dillard’s (NYSE:DDS) last released its earnings results on Wednesday, May 15th. The company reported $2.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 earnings per share. As a group, research analysts expect that Dillard’s, Inc. will post 5.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.40 annualized dividend and a yield of 0.71%. Dillard’s’s payout ratio is currently 6.54%.
Several research analysts recently issued reports on the company. TheStreet downgraded Dillard’s from a “b” rating to a “c” rating in a research report on Thursday, May 16th. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine downgraded Dillard’s from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. Deutsche Bank cut their price objective on Dillard’s from $56.00 to $53.00 and set a “sell” rating for the company in a research report on Thursday, May 16th. Finally, Wedbush restated an “underperform” rating and set a $54.00 price objective (down from $65.00) on shares of Dillard’s in a research report on Thursday, May 16th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Dillard’s presently has a consensus rating of “Sell” and a consensus target price of $61.14.
A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in Dillard’s by 142.2% in the 1st quarter. Jane Street Group LLC now owns 5,123 shares of the company’s stock worth $369,000 after acquiring an additional 3,008 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Dillard’s in the 1st quarter worth approximately $235,000. Maverick Capital Ltd. grew its stake in Dillard’s by 27.7% in the 1st quarter. Maverick Capital Ltd. now owns 178,980 shares of the company’s stock worth $12,890,000 after acquiring an additional 38,770 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in Dillard’s in the 1st quarter worth approximately $3,011,000. Finally, Man Group plc grew its stake in Dillard’s by 148.2% in the 1st quarter. Man Group plc now owns 67,490 shares of the company’s stock worth $4,861,000 after acquiring an additional 40,301 shares during the period. 88.10% of the stock is owned by hedge funds and other institutional investors.
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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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