Dillard’s (NYSE:DDS) Stock Price Down 2.3% – Here’s What Happened

Dillard’s, Inc. (NYSE:DDS)’s share price traded down 2.3% during trading on Friday . The stock traded as low as $355.70 and last traded at $354.21. 41,991 shares were traded during mid-day trading, a decline of 69% from the average session volume of 137,229 shares. The stock had previously closed at $362.71.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $450.00 target price on shares of Dillard’s in a research report on Wednesday, February 26th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, UBS Group boosted their target price on shares of Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a report on Friday, February 28th.

Dillard’s Stock Down 1.6 %

The stock has a fifty day moving average of $448.79 and a two-hundred day moving average of $414.85. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 9.16 and a beta of 0.89.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $15.44 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. As a group, analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.28%. Dillard’s’s dividend payout ratio is currently 2.71%.

Insider Transactions at Dillard’s

In related news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. This represents a 20.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 33.80% of the company’s stock.

Institutional Investors Weigh In On Dillard’s

Several institutional investors and hedge funds have recently modified their holdings of DDS. PNC Financial Services Group Inc. lifted its position in shares of Dillard’s by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after purchasing an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Dillard’s during the 4th quarter worth $36,000. US Bancorp DE lifted its holdings in Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after buying an additional 49 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Dillard’s in the 4th quarter valued at about $70,000. Finally, KBC Group NV grew its stake in shares of Dillard’s by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.