Dillard’s, Inc. (NYSE:DDS) hit a new 52-week high and low on Monday . The stock traded as low as $96.47 and last traded at $94.96, with a volume of 191124 shares traded. The stock had previously closed at $93.84.
Several equities research analysts have weighed in on the company. Susquehanna Bancshares reiterated a “neutral” rating and issued a $60.00 target price on shares of Dillard’s in a report on Thursday. Zacks Investment Research upgraded Dillard’s from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Wednesday, May 23rd. Bank of America upgraded Dillard’s from an “underperform” rating to a “buy” rating and upped their target price for the stock from $77.37 to $89.00 in a report on Monday, May 21st. TheStreet cut Dillard’s from a “b” rating to a “c+” rating in a report on Thursday, May 17th. Finally, ValuEngine cut Dillard’s from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.17.
The stock has a market capitalization of $2.67 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a quick ratio of 0.21, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Friday, June 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Thursday, June 28th. Dillard’s’s payout ratio is 8.33%.
Dillard’s declared that its board has approved a stock buyback program on Thursday, March 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, Director James I. Freeman sold 8,357 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $84.05, for a total value of $702,405.85. Following the completion of the transaction, the director now directly owns 270,224 shares of the company’s stock, valued at approximately $22,712,327.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James I. Freeman sold 20,000 shares of the business’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $93.08, for a total value of $1,861,600.00. Following the completion of the transaction, the director now directly owns 181,624 shares of the company’s stock, valued at $16,905,561.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 138,088 shares of company stock valued at $11,355,870. Corporate insiders own 19.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DDS. Cornerstone Capital Management Holdings LLC. acquired a new position in Dillard’s during the 4th quarter valued at about $174,000. MANA Advisors LLC acquired a new position in Dillard’s during the 4th quarter valued at about $200,000. GSA Capital Partners LLP acquired a new position in Dillard’s during the 1st quarter valued at about $201,000. Macquarie Group Ltd. acquired a new position in Dillard’s during the 4th quarter valued at about $210,000. Finally, ING Groep NV acquired a new position in Dillard’s during the 1st quarter valued at about $251,000. 87.73% of the stock is owned by hedge funds and other institutional investors.
Dillard’s Company Profile
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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