Dillard’s (NYSE:DDS) Trading Up 4.1% – Here’s Why

Dillard’s, Inc. (NYSE:DDS)’s stock price was up 4.1% during trading on Tuesday . The company traded as high as $372.31 and last traded at $371.74. Approximately 11,875 shares traded hands during trading, a decline of 90% from the average daily volume of 116,105 shares. The stock had previously closed at $357.11.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DDS. Telsey Advisory Group dropped their price objective on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Finally, UBS Group lowered their price objective on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th.

Dillard’s Price Performance

The company has a 50 day moving average of $361.52 and a 200 day moving average of $403.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 3.14. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.77 and a beta of 0.85.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm posted $7.98 earnings per share. Dillard’s’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Dillard’s, Inc. will post 31.2 EPS for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. Dillard’s’s dividend payout ratio (DPR) is presently 2.27%.

Insider Buying and Selling at Dillard’s

In other news, Director Robert C. Connor purchased 100 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of $346.82 per share, with a total value of $34,682.00. Following the completion of the transaction, the director now directly owns 78,000 shares in the company, valued at approximately $27,051,960. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 33.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DDS. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Dillard’s during the second quarter worth about $26,000. Headlands Technologies LLC acquired a new position in shares of Dillard’s in the first quarter valued at approximately $68,000. Point72 Hong Kong Ltd increased its holdings in shares of Dillard’s by 430.3% in the second quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after purchasing an additional 142 shares during the period. SG Americas Securities LLC raised its stake in shares of Dillard’s by 31.0% during the second quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after purchasing an additional 78 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Dillard’s by 45.1% during the second quarter. Blue Trust Inc. now owns 341 shares of the company’s stock worth $161,000 after purchasing an additional 106 shares during the period. 67.15% of the stock is currently owned by institutional investors and hedge funds.

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.