Investors Buy Large Volume of Call Options on Dillard’s (NYSE:DDS)
Dillard’s, Inc. (NYSE:DDS) was the target of some unusual options trading on Friday. Traders purchased 5,938 call options on the company. This represents an increase of 670% compared to the average daily volume of 771 call options.
Several research analysts recently weighed in on DDS shares. BidaskClub upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Deutsche Bank AG decreased their price target on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.67.
In related news, major shareholder David Einhorn sold 35,125 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 26.63% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in shares of Dillard’s by 0.5% in the second quarter. Aperio Group LLC now owns 14,433 shares of the company’s stock valued at $833,000 after buying an additional 74 shares in the last quarter. Horrell Capital Management Inc. boosted its stake in shares of Dillard’s by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $1,424,000 after buying an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Dillard’s by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 23,342 shares of the company’s stock valued at $1,219,000 after buying an additional 234 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after buying an additional 281 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Dillard’s by 4.2% in the second quarter. Capstone Asset Management Co. now owns 7,860 shares of the company’s stock valued at $453,000 after buying an additional 320 shares in the last quarter. 93.70% of the stock is owned by institutional investors.
Dillard’s (NYSE DDS) opened at 67.91 on Monday. The firm’s 50-day moving average price is $55.68 and its 200-day moving average price is $54.27. The firm has a market capitalization of $1.98 billion, a PE ratio of 14.27 and a beta of 1.06. Dillard’s has a 1-year low of $45.51 and a 1-year high of $77.70.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.10. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $2.17 EPS. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts predict that Dillard’s will post $4.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.41%. Dillard’s’s dividend payout ratio is presently 5.76%.
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Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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