Dillard’s (NYSE:DDS) Director Sells $243,672.00 in Stock

Dillard’s, Inc. (NYSE:DDS) Director J Watts, Jr. sold 400 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dillard’s Trading Down 0.2%

Dillard’s stock opened at $605.27 on Monday. The stock has a 50-day moving average of $577.24 and a two-hundred day moving average of $616.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65. Dillard’s, Inc. has a one year low of $394.70 and a one year high of $741.97. The stock has a market cap of $9.45 billion, a PE ratio of 14.39 and a beta of 1.16.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business posted $10.39 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DDS shares. Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. UBS Group raised their price objective on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Dillard’s in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $521.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its position in Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Dillard’s during the fourth quarter valued at approximately $29,000. Quarry LP purchased a new position in Dillard’s during the third quarter valued at approximately $33,000. Global Retirement Partners LLC raised its position in Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.