Dillard’s (NYSE:DDS) Trading Down 5.4%

Dillard’s, Inc. (NYSE:DDS)’s stock price traded down 5.4% during mid-day trading on Monday . The company traded as low as $441.88 and last traded at $443.23. 64,885 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 96,260 shares. The stock had previously closed at $468.58.

Analyst Ratings Changes

Separately, Telsey Advisory Group lifted their price target on shares of Dillard’s from $450.00 to $475.00 and gave the stock a “market perform” rating in a research note on Friday, May 17th.

Dillard’s Trading Down 2.9 %

The company has a quick ratio of 1.17, a current ratio of 2.40 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $435.03 and its 200-day moving average is $423.00. The firm has a market cap of $6.70 billion, a P/E ratio of 9.41 and a beta of 0.90.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Saturday, May 18th. The company reported $11.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.69 by $1.40. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $11.85 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. As a group, analysts forecast that Dillard’s, Inc. will post 34.47 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 0.24%. Dillard’s’s payout ratio is 2.27%.

Institutional Trading of Dillard’s

Institutional investors have recently added to or reduced their stakes in the business. Newport Trust Company LLC boosted its holdings in shares of Dillard’s by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock valued at $2,019,147,000 after acquiring an additional 47,951 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Dillard’s by 15.5% during the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after acquiring an additional 52,974 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Dillard’s by 4.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 121,527 shares of the company’s stock valued at $49,054,000 after acquiring an additional 4,924 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Dillard’s by 1.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock valued at $46,798,000 after acquiring an additional 1,265 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Dillard’s by 110.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock valued at $27,881,000 after acquiring an additional 36,253 shares during the period. 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.