Dell Target of Unusually High Options Trading (DELL)
Dell (NASDAQ:DELL) was the target of unusually large options trading activity on Friday. Investors acquired 20,665 put options on the stock, American Banking and Market News reports. This represents an increase of 238% compared to the typical daily volume of 6,106 put options.
A number of analysts have recently weighed in on DELL shares. Analysts at Zacks upgraded shares of Dell (NASDAQ:DELL) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $15.00 price target on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Dell (NASDAQ:DELL) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 1st.
Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. Dell currently has a consensus rating of “Hold” and an average price target of $13.57.
Dell (NASDAQ:DELL) opened at 13.86 on Monday. Dell has a 52 week low of $8.69 and a 52 week high of $14.64. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $13.62. The company has a market cap of $24.371 billion and a price-to-earnings ratio of 18.06.
Dell (NASDAQ:DELL) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.01. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.18 billion. During the same quarter last year, the company posted $0.50 earnings per share. Dell’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Dell will post $0.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, September 27th.
Dell, Inc (NASDAQ:DELL) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels.
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