Dillard’s (NYSE:DDS) Shares Down 4.3%

Dillard’s, Inc. (NYSE:DDS)’s share price dropped 4.3% on Tuesday . The stock traded as low as $421.76 and last traded at $421.76. Approximately 21,212 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 91,873 shares. The stock had previously closed at $440.57.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. UBS Group boosted their target price on Dillard’s from $180.00 to $190.00 and gave the company a “sell” rating in a research note on Tuesday, February 27th. Finally, Telsey Advisory Group lifted their price objective on shares of Dillard’s from $330.00 to $450.00 and gave the company a “market perform” rating in a report on Tuesday, February 27th.

Dillard’s Trading Down 0.6 %

The company has a market cap of $6.83 billion, a P/E ratio of 9.40 and a beta of 0.95. The company has a current ratio of 2.67, a quick ratio of 1.35 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $423.24 and a 200-day moving average price of $376.53.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Monday, February 26th. The company reported $13.69 EPS for the quarter, beating analysts’ consensus estimates of $11.59 by $2.10. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Dillard’s had a net margin of 10.94% and a return on equity of 40.90%. Analysts forecast that Dillard’s, Inc. will post 32.59 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, March 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Wednesday, March 27th. Dillard’s’s payout ratio is presently 2.23%.

Insider Transactions at Dillard’s

In related news, Director J C. Watts, Jr. sold 500 shares of Dillard’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 transaction of $205,605.00. Following the completion of the sale, the director now directly owns 11,400 shares of the company’s stock, valued at approximately $4,687,794. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dillard’s news, Director J C. Watts, Jr. sold 500 shares of Dillard’s stock in a transaction dated Tuesday, March 5th. The shares were 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 in the company, valued at approximately $4,687,794. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J C. Watts, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $382.55, for a total transaction of $382,550.00. Following the transaction, the director now owns 11,900 shares in the company, valued at approximately $4,552,345. The disclosure for this sale can be found here. 32.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Dillard’s

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC increased its stake in Dillard’s by 15.0% in the second quarter. Lazard Asset Management LLC now owns 238 shares of the company’s stock valued at $77,000 after acquiring an additional 31 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Dillard’s by 55.0% in the 3rd quarter. Federated Hermes Inc. now owns 93 shares of the company’s stock valued at $25,000 after purchasing an additional 33 shares in the last quarter. Creative Planning increased its stake in shares of Dillard’s by 5.5% in the 4th quarter. Creative Planning now owns 807 shares of the company’s stock valued at $326,000 after purchasing an additional 42 shares during the last quarter. Stifel Financial Corp grew its position in Dillard’s by 1.5% in the second quarter. Stifel Financial Corp now owns 3,033 shares of the company’s stock valued at $990,000 after acquiring an additional 44 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Dillard’s by 52.9% in the 2nd quarter. IFP Advisors Inc now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 46 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

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.