Dillard’s (NYSE:DDS) Stock Price Up 2.7%

Dillard’s, Inc. (NYSE:DDS)’s stock price rose 2.7% during mid-day trading on Tuesday . The company traded as high as $348.30 and last traded at $348.05. Approximately 40,138 shares were traded during trading, a decline of 63% from the average daily volume of 107,113 shares. The stock had previously closed at $338.97.

Wall Street Analysts Forecast Growth

DDS has been the topic of a number of recent research reports. Telsey Advisory Group lowered their price objective on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. UBS Group decreased their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a report on Friday, August 16th.

Dillard’s Trading Up 2.2 %

The company has a current ratio of 3.14, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $394.71 and a 200-day moving average price of $418.55. The company has a market cap of $5.63 billion, a P/E ratio of 7.99 and a beta of 0.90.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company posted $7.98 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. Analysts forecast that Dillard’s, Inc. will post 32.27 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. Dillard’s’s payout ratio is 2.27%.

Insider Buying and Selling

In other Dillard’s news, Director Robert C. Connor bought 100 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $346.82 per share, with a total value of $34,682.00. Following the acquisition, the director now owns 78,000 shares of the company’s stock, valued at $27,051,960. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 33.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Dillard’s

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Dillard’s by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after purchasing an additional 52,974 shares during the period. Newport Trust Company LLC grew its stake in shares of Dillard’s by 1.0% in 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Dillard’s by 110.5% in 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 in the last quarter. Renaissance Technologies LLC increased its position in Dillard’s by 36.0% during the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after acquiring an additional 32,900 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Dillard’s in the 4th quarter worth about $9,036,000. Institutional investors own 67.15% of the company’s stock.

About Dillard’s

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.