Dillard’s, Inc. (DDS) Director Acquires $45,488.00 in Stock

Dillard’s, Inc. (NYSE:DDS) Director Robert C. Connor acquired 800 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $56.86 per share, with a total value of $45,488.00. Following the completion of the acquisition, the director now directly owns 70,200 shares in the company, valued at approximately $3,991,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of DDS traded down $0.58 during midday trading on Thursday, reaching $56.14. The stock had a trading volume of 1,661 shares, compared to its average volume of 443,756. Dillard’s, Inc. has a 12-month low of $55.01 and a 12-month high of $98.75. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.53 billion, a P/E ratio of 9.27, a PEG ratio of 1.15 and a beta of 0.88.

Dillard’s (NYSE:DDS) last issued its earnings results on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.11). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Dillard’s had a net margin of 2.62% and a return on equity of 9.67%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.89 earnings per share. On average, equities research analysts predict that Dillard’s, Inc. will post 5.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, June 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, June 27th. Dillard’s’s dividend payout ratio is presently 6.54%.

A number of research firms have recently issued reports on DDS. Bank of America reiterated an “underperform” rating and issued a $64.00 price objective (up from $55.00) on shares of Dillard’s in a report on Tuesday, February 26th. TheStreet upgraded Dillard’s from a “c+” rating to a “b” rating in a report on Wednesday, February 27th. JPMorgan Chase & Co. cut Dillard’s from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $68.00 to $57.00 in a report on Monday, March 4th. Wedbush cut Dillard’s from a “neutral” rating to an “underperform” rating and set a $65.00 price objective for the company. in a report on Monday, April 22nd. Finally, Zacks Investment Research upgraded Dillard’s from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of “Sell” and an average price target of $61.14.

A number of hedge funds have recently modified their holdings of DDS. Investors Research Corp purchased a new stake in Dillard’s during the 1st quarter valued at about $79,000. NumerixS Investment Technologies Inc purchased a new stake in Dillard’s during the 1st quarter valued at about $86,000. Quantamental Technologies LLC purchased a new stake in Dillard’s during the 4th quarter valued at about $96,000. Advisors Asset Management Inc. boosted its holdings in Dillard’s by 17.7% during the 4th quarter. Advisors Asset Management Inc. now owns 2,163 shares of the company’s stock valued at $130,000 after acquiring an additional 326 shares during the period. Finally, Institute for Wealth Management LLC. bought a new position in Dillard’s during the 1st quarter valued at approximately $202,000. Institutional investors own 88.10% of the company’s stock.

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About Dillard’s

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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