J Watts, Jr. Sells 400 Shares of Dillard’s (NYSE:DDS) Stock

Dillard’s, Inc. (NYSE:DDS) Director J Watts, Jr. sold 400 shares of Dillard’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the sale, the director owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dillard’s Trading Down 1.3%

NYSE:DDS opened at $605.27 on Friday. Dillard’s, Inc. has a one year low of $394.70 and a one year high of $741.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65. The firm has a market cap of $9.45 billion, a P/E ratio of 14.39 and a beta of 1.16. The firm has a 50-day simple moving average of $577.24 and a 200-day simple moving average of $616.22.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating the consensus estimate of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.89%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business posted $10.39 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s payout ratio is currently 2.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Telsey Advisory Group reduced their price target on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Dillard’s in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Dillard’s has a consensus rating of “Hold” and a consensus price target of $521.33.

Institutional Investors Weigh In On Dillard’s

Institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in Dillard’s by 108.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Dillard’s in the fourth quarter valued at approximately $29,000. Quarry LP acquired a new stake in Dillard’s in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its stake in Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.