Dillard’s (NYSE:DDS) Trading Up 3.2%

Dillard’s, Inc. (NYSE:DDS) shot up 3.2% on Thursday . The stock traded as high as $453.72 and last traded at $450.61. 40,259 shares changed hands during trading, a decline of 57% from the average session volume of 94,428 shares. The stock had previously closed at $436.44.

Analysts Set New Price Targets

Several brokerages have recently commented on DDS. UBS Group boosted their price objective on Dillard’s from $180.00 to $190.00 and gave the company a “sell” rating in a research report on Tuesday, February 27th. Telsey Advisory Group boosted their price objective on Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a research report on Friday, May 17th.

Dillard’s Trading Up 0.8 %

The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 10.15 and a beta of 1.00. The company has a fifty day moving average price of $436.37 and a two-hundred day moving average price of $402.83. The company has a current ratio of 2.67, a quick ratio of 1.35 and a debt-to-equity ratio of 0.31.

Dillard’s (NYSE:DDS) last issued its earnings results on Saturday, May 18th. The company reported $11.09 EPS for the quarter, topping analysts’ consensus estimates of $9.69 by $1.40. Dillard’s had a net margin of 10.68% and a return on equity of 39.41%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm posted $11.85 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Dillard’s, Inc. will post 33.77 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. Dillard’s’s payout ratio is 2.27%.

Insider Activity

In related news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $411.21, for a total transaction of $205,605.00. Following the completion of the transaction, the director now directly owns 11,400 shares of the company’s stock, valued at $4,687,794. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 33.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Dillard’s during the 1st quarter valued at $403,000. Comerica Bank grew its stake in shares of Dillard’s by 10.0% in the first quarter. Comerica Bank now owns 7,428 shares of the company’s stock valued at $3,503,000 after buying an additional 673 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Dillard’s by 1.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock valued at $46,798,000 after acquiring an additional 1,265 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Dillard’s by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock worth $881,000 after purchasing an additional 97 shares during the period. Finally, BOKF NA acquired a new position in shares of Dillard’s in the first quarter valued at approximately $317,000. 67.15% of the stock is owned by institutional investors and hedge funds.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.