Dillard’s (NYSE:DDS) Shares Gap Up – What’s Next?

Dillard’s, Inc. (NYSE:DDS) gapped up prior to trading on Thursday . The stock had previously closed at $388.51, but opened at $402.95. Dillard’s shares last traded at $404.56, with a volume of 8,128 shares.

Wall Street Analyst Weigh In

DDS has been the subject of a number of research analyst reports. Telsey Advisory Group decreased their price target on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a report on Friday, August 16th. UBS Group cut their price objective on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Dillard’s Trading Up 11.4 %

The company’s 50-day moving average price is $372.67 and its 200-day moving average price is $397.84. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 10.49 and a beta of 0.86. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27.

Dillard’s (NYSE:DDS) last announced its 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). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $7.98 EPS. Equities analysts expect that Dillard’s, Inc. will post 31.2 EPS for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, September 30th. Dillard’s’s dividend payout ratio is currently 2.46%.

Insider Transactions at Dillard’s

In other news, Director Robert C. Connor bought 100 shares of Dillard’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $346.82 per share, with a total value of $34,682.00. Following the completion of the purchase, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 33.80% of the company’s stock.

Institutional Investors Weigh In On Dillard’s

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Martingale Asset Management L P raised its stake in shares of Dillard’s by 24.3% in the 3rd quarter. Martingale Asset Management L P now owns 4,762 shares of the company’s stock valued at $1,827,000 after acquiring an additional 930 shares during the period. Cynosure Group LLC grew its holdings in shares of Dillard’s by 117.9% in the third quarter. Cynosure Group LLC now owns 1,950 shares of the company’s stock valued at $748,000 after purchasing an additional 1,055 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Dillard’s by 9.3% in the third quarter. BNP Paribas Financial Markets now owns 6,928 shares of the company’s stock valued at $2,658,000 after purchasing an additional 588 shares in the last quarter. FMR LLC grew its holdings in shares of Dillard’s by 200.0% in the third quarter. FMR LLC now owns 1,185 shares of the company’s stock valued at $455,000 after purchasing an additional 790 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Dillard’s by 49.3% in the third quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock valued at $2,171,000 after purchasing an additional 1,868 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

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.