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

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

Analyst Upgrades and Downgrades

DDS has been the subject of a number of research analyst reports. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. Telsey Advisory Group dropped their price objective on Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Finally, UBS Group lowered their price objective on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, August 16th.

Dillard’s Stock Performance

The firm has a market capitalization of $6.13 billion, a PE ratio of 8.61 and a beta of 0.85. The business has a 50-day simple moving average of $361.51 and a 200-day simple moving average of $404.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company earned $7.98 earnings per share. Dillard’s’s revenue was down 6.7% on a year-over-year basis. Equities research analysts expect that Dillard’s, Inc. will post 31.2 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. Dillard’s’s payout ratio is currently 2.27%.

Insider Activity

In related news, Director Robert C. Connor purchased 100 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of $346.82 per share, with a total value of $34,682.00. Following the acquisition, the director now owns 78,000 shares in the company, valued at $27,051,960. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 33.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

A number of institutional investors have recently added to or reduced their stakes in DDS. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Dillard’s in the 2nd quarter valued at $26,000. Headlands Technologies LLC purchased a new position in Dillard’s in the first quarter worth $68,000. Point72 Hong Kong Ltd raised its holdings in Dillard’s by 430.3% during the second quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock worth $77,000 after purchasing an additional 142 shares during the last quarter. SG Americas Securities LLC lifted its stake in Dillard’s by 31.0% in the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in 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 acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

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.