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

Dillard’s, Inc. (NYSE:DDS) Director J Watts, Jr. sold 400 shares of Dillard’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director directly owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Dillard’s Trading Down 1.3%

Shares of NYSE DDS opened at $605.27 on Friday. Dillard’s, Inc. has a twelve month low of $394.70 and a twelve month high of $741.97. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $577.24 and a 200-day simple moving average of $616.22. The stock has a market capitalization of $9.45 billion, a PE ratio of 14.39 and a beta of 1.16.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $10.39 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Dillard’s, Inc. will post 35.26 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors 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 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 2.85%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DDS. Rockefeller Capital Management L.P. lifted its holdings in Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Dillard’s during the 4th quarter worth about $29,000. Quarry LP purchased a new stake in Dillard’s during the 3rd quarter worth about $33,000. Global Retirement Partners LLC lifted its holdings in Dillard’s by 6,300.0% during the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after buying an additional 63 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

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.