Insider Selling: Dillard’s, Inc. (DDS) Director Sells 450 Shares of Stock
Dillard’s, Inc. (NYSE:DDS) Director J C. Watts, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the completion of the transaction, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Dillard’s, Inc. (NYSE:DDS) traded up 0.54% during midday trading on Friday, reaching $59.41. The company had a trading volume of 849,626 shares. The firm has a market capitalization of $1.72 billion, a P/E ratio of 14.72 and a beta of 1.12. The company has a 50 day moving average price of $62.56 and a 200-day moving average price of $56.25. Dillard’s, Inc. has a one year low of $45.51 and a one year high of $83.44.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $0.35 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. On average, analysts anticipate that Dillard’s, Inc. will post $3.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.10 per share. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.67%. Dillard’s’s payout ratio is presently 7.12%.
A number of equities research analysts recently issued reports on DDS shares. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. BidaskClub downgraded Dillard’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG increased their price target on Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reissued an “underweight” rating and set a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Dillard’s currently has an average rating of “Hold” and an average price target of $56.00.
A number of hedge funds have recently modified their holdings of the business. Koch Industries Inc. bought a new stake in Dillard’s during the 2nd quarter valued at $243,000. Sterling Capital Management LLC purchased a new position in shares of Dillard’s during the 2nd quarter valued at $1,008,000. Ameritas Investment Partners Inc. grew its position in shares of Dillard’s by 4.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,796 shares of the company’s stock valued at $450,000 after purchasing an additional 346 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Dillard’s by 24.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,788 shares of the company’s stock valued at $2,698,000 after purchasing an additional 9,220 shares in the last quarter. Finally, State Street Corp grew its position in shares of Dillard’s by 9.3% during the 2nd quarter. State Street Corp now owns 800,724 shares of the company’s stock valued at $46,201,000 after purchasing an additional 68,006 shares in the last quarter. 94.10% of the stock is currently owned by institutional investors and hedge funds.
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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