Dillard’s (NYSE:DDS) Sees Large Volume Increase

Dillard’s, Inc. (NYSE:DDS) shares saw unusually-high trading volume on Friday . Approximately 1,257,802 shares traded hands during mid-day trading, an increase of 200% from the previous session’s volume of 419,904 shares.The stock last traded at $79.35 and had previously closed at $64.00.

DDS has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. ValuEngine upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Sunday, July 14th. TheStreet upgraded shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th. Wedbush set a $9.00 price target on shares of GameStop and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Deutsche Bank upped their price target on shares of Macy’s from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.67.

The business has a 50-day moving average price of $60.71. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.22 and a current ratio of 1.78.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.89 earnings per share. Research analysts predict that Dillard’s, Inc. will post 5.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.50%. Dillard’s’s dividend payout ratio (DPR) is presently 6.54%.

In related news, VP Tony J. Bolte sold 2,400 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total transaction of $154,704.00. Following the completion of the sale, the vice president now directly owns 1,840 shares of the company’s stock, valued at approximately $118,606.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert C. Connor bought 800 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $56.86 per share, with a total value of $45,488.00. Following the completion of the purchase, the director now owns 70,200 shares in the company, valued at approximately $3,991,572. The disclosure for this purchase can be found here. Corporate insiders own 20.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Dillard’s during the 4th quarter worth approximately $23,247,000. Geode Capital Management LLC lifted its holdings in Dillard’s by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 177,329 shares of the company’s stock valued at $10,694,000 after purchasing an additional 4,295 shares during the last quarter. Marshall Wace LLP acquired a new stake in Dillard’s during the 1st quarter valued at $12,535,000. Brandywine Global Investment Management LLC lifted its holdings in Dillard’s by 3.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 79,376 shares of the company’s stock valued at $4,788,000 after purchasing an additional 2,945 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Dillard’s during the 1st quarter valued at $3,754,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Dillard’s Company Profile (NYSE:DDS)

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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