Dillard's Sees Unusually High Options Volume (DDS)

Dillard's, Inc. (NYSE:DDS) saw unusually large options trading activity on Thursday. Traders acquired 3,123 put options on the company. This is an increase of approximately 1,078% compared to the average volume of 265 put options.

Several institutional investors have recently added to or reduced their stakes in DDS. Russell Investments Group Ltd. increased its position in shares of Dillard's by 4.7% in the second quarter. Russell Investments Group Ltd. now owns 12,837 shares of the company’s stock worth $742,000 after acquiring an additional 577 shares in the last quarter. Sei Investments Co. grew its holdings in Dillard's by 18.9% during the 2nd quarter. Sei Investments Co. now owns 8,058 shares of the company’s stock valued at $465,000 after purchasing an additional 1,283 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Dillard's by 27.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 129,222 shares of the company’s stock valued at $7,455,000 after purchasing an additional 28,022 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Dillard's by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 903,837 shares of the company’s stock valued at $52,142,000 after purchasing an additional 15,552 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Dillard's by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 45,296 shares of the company’s stock valued at $2,617,000 after purchasing an additional 2,298 shares in the last quarter. 90.18% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Dillard's from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $52.60.

Shares of Dillard's (NYSE:DDS) opened at $60.05 on Friday. Dillard's has a 52-week low of $45.51 and a 52-week high of $83.44. The stock has a market cap of $1,732.97, a price-to-earnings ratio of 15.97, a PEG ratio of 6.80 and a beta of 1.25. The company has a quick ratio of 0.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.36.

Dillard's (NYSE:DDS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Dillard's had a net margin of 1.92% and a return on equity of 7.40%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. research analysts forecast that Dillard's will post 3.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Friday, December 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, December 28th. Dillard's’s payout ratio is currently 10.64%.

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About Dillard's

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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