Dillard's (NYSE:DDS) Sets New 12-Month Low - What's Next?

Shares of Dillard's, Inc. (NYSE:DDS - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $282.24 and last traded at $296.98, with a volume of 58508 shares. The stock had previously closed at $294.77.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DDS shares. StockNews.com cut shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. UBS Group increased their price objective on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Wednesday, February 26th.

Dillard's Stock Up 1.6 %

The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.03 billion, a PE ratio of 8.14 and a beta of 0.66. The business's 50-day simple moving average is $395.11 and its 200 day simple moving average is $413.70.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.84 by $3.64. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. Dillard's's revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $15.44 earnings per share. As a group, equities research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current year.

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Dillard's Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's payout ratio is 2.71%.

Insider Buying and Selling at Dillard's

In other Dillard's news, VP Tom W. Bolin sold 300 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the transaction, the vice president now owns 1,167 shares in the company, valued at approximately $505,836.15. This represents a 20.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 33.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dillard's

A number of large investors have recently made changes to their positions in DDS. Clientfirst Wealth Management LLC acquired a new stake in Dillard's during the 4th quarter worth about $48,873,000. Bank of New York Mellon Corp raised its stake in shares of Dillard's by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Millennium Management LLC raised its stake in shares of Dillard's by 3,989.8% in the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after purchasing an additional 36,866 shares during the last quarter. First Trust Advisors LP boosted its position in Dillard's by 47.0% in the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after buying an additional 26,132 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Dillard's by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock worth $151,975,000 after buying an additional 25,212 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

About Dillard's

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.