Dillard’s (NYSE:DDS) Shares Down 7.5%

Dillard’s, Inc. (NYSE:DDSGet Rating) shares were down 7.5% during trading on Thursday . The company traded as low as $239.02 and last traded at $239.50. Approximately 4,621 shares traded hands during trading, a decline of 98% from the average daily volume of 204,485 shares. The stock had previously closed at $258.95.

A number of research analysts have recently commented on DDS shares. Telsey Advisory Group cut their price objective on shares of Dillard’s to $275.00 and set a “market perform” rating for the company in a research report on Wednesday, February 23rd. StockNews.com started coverage on shares of Dillard’s in a research report on Thursday, March 31st. They set a “buy” rating for the company. UBS Group upped their price objective on shares of Dillard’s to $185.00 and gave the company a “na” rating in a research report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dillard’s from $160.00 to $185.00 in a research report on Monday, May 16th.

The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 0.71 and a beta of 0.74. The company’s 50-day moving average is $296.88 and its 200-day moving average is $271.87.

Dillard’s (NYSE:DDSGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported $13.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.36 by $8.01. Dillard’s had a net margin of 14.10% and a return on equity of 60.73%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $7.25 earnings per share. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, research analysts forecast that Dillard’s, Inc. will post 26.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Thursday, June 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, June 29th. Dillard’s’s dividend payout ratio (DPR) is presently 1.64%.

In other Dillard’s news, VP Mike Litchford sold 500 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $319.69, for a total transaction of $159,845.00. Following the sale, the vice president now directly owns 2,732 shares of the company’s stock, valued at $873,393.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 29.80% of the company’s stock.

Institutional investors have recently modified their holdings of the business. National Bank of Canada FI bought a new stake in Dillard’s during the fourth quarter worth about $65,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Dillard’s during the first quarter valued at approximately $66,000. Spire Wealth Management bought a new stake in shares of Dillard’s during the fourth quarter valued at approximately $98,000. Dark Forest Capital Management LP bought a new stake in shares of Dillard’s during the third quarter valued at approximately $134,000. Finally, Islay Capital Management LLC bought a new stake in shares of Dillard’s during the first quarter valued at approximately $136,000. 64.16% of the stock is currently owned by hedge funds and other institutional investors.

About Dillard’s (NYSE:DDS)

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.

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