Stock Traders Purchase High Volume of Put Options on Dillard’s (NYSE:DDS)

Dillard’s, Inc. (NYSE:DDS) was the target of some unusual options trading activity on Thursday. Investors purchased 3,603 put options on the stock. This represents an increase of approximately 2,195% compared to the average volume of 157 put options.

In other news, Director H. Lee Hastings III sold 3,000 shares of Dillard’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $72.20, for a total value of $216,600.00. Following the sale, the director now owns 14,312 shares in the company, valued at $1,033,326.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.10% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of DDS. Newport Trust Co raised its stake in shares of Dillard’s by 1.1% in the 2nd quarter. Newport Trust Co now owns 7,305,792 shares of the company’s stock valued at $455,005,000 after acquiring an additional 78,952 shares during the period. AQR Capital Management LLC raised its stake in shares of Dillard’s by 25.9% in the 2nd quarter. AQR Capital Management LLC now owns 964,736 shares of the company’s stock valued at $60,007,000 after acquiring an additional 198,186 shares during the period. Invesco Ltd. raised its stake in shares of Dillard’s by 29.8% in the 2nd quarter. Invesco Ltd. now owns 168,736 shares of the company’s stock valued at $10,508,000 after acquiring an additional 38,785 shares during the period. Prudential Financial Inc. raised its stake in shares of Dillard’s by 21.2% in the 2nd quarter. Prudential Financial Inc. now owns 167,364 shares of the company’s stock valued at $10,424,000 after acquiring an additional 29,256 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Dillard’s by 0.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 126,397 shares of the company’s stock valued at $7,873,000 after acquiring an additional 891 shares during the period. Institutional investors own 94.46% of the company’s stock.

A number of research firms recently weighed in on DDS. JPMorgan Chase & Co. lowered their price target on shares of Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. Telsey Advisory Group boosted their price target on shares of Dillard’s from $58.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday. Deutsche Bank lowered their price target on shares of Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday, August 19th. ValuEngine lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wedbush boosted their price target on shares of Dillard’s from $56.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $59.83.

NYSE:DDS traded down $0.54 on Friday, hitting $76.87. The stock had a trading volume of 510,827 shares, compared to its average volume of 240,591. The company has a quick ratio of 0.26, a current ratio of 1.86 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 12.56 and a beta of 1.15. The company has a fifty day moving average price of $69.61 and a two-hundred day moving average price of $64.32. Dillard’s has a 1-year low of $47.95 and a 1-year high of $86.71.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, November 14th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.37. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. Dillard’s’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. As a group, analysts anticipate that Dillard’s will post 3.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.78%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, September 27th. Dillard’s’s payout ratio is presently 9.80%.

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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