Dillard's, Inc. (NYSE:DDS - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $317.72 and last traded at $321.28, with a volume of 47778 shares trading hands. The stock had previously closed at $364.04.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on DDS. Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Wednesday, February 26th. UBS Group boosted their price target on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a report on Friday, February 28th. Finally, StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.
Get Our Latest Research Report on Dillard's
Dillard's Stock Performance
The firm has a market cap of $4.71 billion, a PE ratio of 7.63 and a beta of 0.66. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $413.76 and a two-hundred day simple moving average of $416.78.
Dillard's (NYSE:DDS - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping analysts' consensus estimates of $9.84 by $3.64. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.49 billion. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $15.44 EPS. As a group, equities research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current year.
Dillard's Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's dividend payout ratio is currently 2.71%.
Insider Buying and Selling
In related news, VP Tom W. Bolin sold 300 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the sale, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. The trade was a 20.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 33.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Dillard's
Several large investors have recently modified their holdings of DDS. PNC Financial Services Group Inc. boosted its holdings in Dillard's by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after buying an additional 39 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Dillard's during the fourth quarter worth $36,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Dillard's in the fourth quarter worth $70,000. Versant Capital Management Inc grew its position in shares of Dillard's by 7,566.7% in the first quarter. Versant Capital Management Inc now owns 230 shares of the company's stock valued at $82,000 after purchasing an additional 227 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Dillard's by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 67.15% of the company's stock.
Dillard's Company Profile
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Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.
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