Dillard’s, Inc. (NYSE:DDS) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 8,289,400 shares, a growth of 10.2% from the May 30th total of 7,521,100 shares. Currently, 45.6% of the company’s shares are short sold. Based on an average trading volume of 424,400 shares, the days-to-cover ratio is presently 19.5 days.
Shares of NYSE DDS opened at $65.54 on Tuesday. Dillard’s has a 1 year low of $53.96 and a 1 year high of $94.03. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.22 and a current ratio of 1.78. The stock’s 50-day simple moving average is $59.93.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $2.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a net margin of 2.62% and a return on equity of 9.67%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.89 earnings per share. On average, research analysts expect that Dillard’s will post 5.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, June 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, June 27th. Dillard’s’s dividend payout ratio is currently 6.54%.
DDS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Deutsche Bank raised their price objective on Macy’s from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, May 16th. Wedbush set a $9.00 price objective on GameStop and gave the company a “buy” rating in a research report on Thursday, July 11th. ValuEngine raised Lam Research from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, TheStreet raised ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.67.
In other news, Director Robert C. Connor bought 800 shares of Dillard’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $56.86 per share, for a total transaction of $45,488.00. Following the completion of the acquisition, the director now owns 70,200 shares of the company’s stock, valued at $3,991,572. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in DDS. Norges Bank acquired a new position in Dillard’s in the fourth quarter valued at approximately $23,247,000. Marshall Wace LLP acquired a new position in Dillard’s in the first quarter valued at approximately $12,535,000. Trexquant Investment LP acquired a new position in Dillard’s in the first quarter valued at approximately $3,754,000. D. E. Shaw & Co. Inc. boosted its stake in Dillard’s by 368.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 41,279 shares of the company’s stock valued at $2,490,000 after acquiring an additional 32,469 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Dillard’s in the first quarter valued at approximately $1,936,000. 88.77% of the stock is owned by hedge funds and other institutional investors.
Dillard’s Company Profile
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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