Dillard’s (NYSE:DDS) Stock Price Down 6% – Here’s Why

Dillard’s, Inc. (NYSE:DDS) traded down 6% during trading on Monday . The stock traded as low as $571.93 and last traded at $573.5750. 47,261 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 125,309 shares. The stock had previously closed at $610.01.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday. Telsey Advisory Group lowered their price target on Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings raised Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, UBS Group raised their price target on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $521.33.

Dillard’s Trading Down 5.8%

The company has a market capitalization of $8.97 billion, a PE ratio of 13.66 and a beta of 1.16. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $581.59 and a two-hundred day moving average of $616.39.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.Dillard’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $10.39 EPS. As a group, sell-side analysts anticipate that Dillard’s, Inc. will post 35.26 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

Insider Buying and Selling at Dillard’s

In related news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the transaction, the director directly owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. This trade represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 34.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

A number of large investors have recently bought and sold shares of DDS. Rockefeller Capital Management L.P. increased its stake in Dillard’s by 108.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after purchasing an additional 25 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Dillard’s in the 4th quarter worth approximately $29,000. Quarry LP purchased a new position in Dillard’s in the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its stake in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.