Dillard’s, Inc. (NYSE:DDS) was the recipient of some unusual options trading on Monday. Traders acquired 1,103 put options on the company. This represents an increase of 1,371% compared to the average volume of 75 put options.
Shares of NYSE:DDS opened at $141.94 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.72 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.12 billion, a P/E ratio of -45.35 and a beta of 0.80. Dillard’s has a 52-week low of $22.38 and a 52-week high of $152.19. The stock’s fifty day simple moving average is $101.25 and its 200-day simple moving average is $76.15.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, May 13th. The company reported $6.37 earnings per share for the quarter, beating the consensus estimate of $1.20 by $5.17. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.27 billion. Dillard’s had a negative net margin of 1.51% and a negative return on equity of 4.82%. The firm’s revenue for the quarter was up 72.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($6.94) EPS. On average, sell-side analysts anticipate that Dillard’s will post -3.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 3rd. Stockholders of record on Wednesday, March 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Tuesday, March 30th. Dillard’s’s dividend payout ratio is presently 14.39%.
In other news, Director J C. Watts, Jr. sold 700 shares of the company’s stock in a transaction on Monday, May 17th. The shares were sold at an average price of $142.18, for a total transaction of $99,526.00. Following the transaction, the director now directly owns 13,100 shares of the company’s stock, valued at approximately $1,862,558. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $91.38, for a total transaction of $45,690.00. Following the completion of the transaction, the director now owns 12,100 shares of the company’s stock, valued at approximately $1,105,698. The disclosure for this sale can be found here. 23.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in Dillard’s by 0.8% in the 1st quarter. First Trust Advisors LP now owns 35,706 shares of the company’s stock worth $2,572,000 after acquiring an additional 283 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Dillard’s by 31.6% in the third quarter. Great West Life Assurance Co. Can now owns 1,100 shares of the company’s stock valued at $40,000 after purchasing an additional 264 shares during the period. Unison Advisors LLC acquired a new position in Dillard’s in the fourth quarter valued at $318,000. IFP Advisors Inc acquired a new position in Dillard’s in the fourth quarter valued at $113,000. Finally, Rhumbline Advisers lifted its position in Dillard’s by 4.5% during the fourth quarter. Rhumbline Advisers now owns 14,851 shares of the company’s stock worth $936,000 after buying an additional 638 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.
DDS has been the topic of a number of research reports. Zacks Investment Research upgraded Dillard’s from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Tuesday, March 23rd. Telsey Advisory Group upped their target price on Dillard’s from $80.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, May 14th. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research note on Thursday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Dillard’s from $42.00 to $49.00 and gave the company an “underweight” rating in a research note on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Dillard’s from $60.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Dillard’s presently has an average rating of “Hold” and a consensus target price of $79.00.
About Dillard’s
Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 30, 2021, the company operated 282 Dillard's stores, including 32 clearance centers, and an Internet store at dillards.com.
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