Dillard’s, Inc. (DDS) VP Mike Litchford Sells 1,060 Shares

Dillard’s, Inc. (NYSE:DDS) VP Mike Litchford sold 1,060 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $73.81, for a total transaction of $78,238.60. Following the transaction, the vice president now directly owns 1,932 shares in the company, valued at approximately $142,600.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Dillard’s stock traded up $0.89 during midday trading on Friday, hitting $69.16. The company had a trading volume of 244,948 shares, compared to its average volume of 391,554. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.28 and a beta of 0.92. The company has a current ratio of 1.90, a quick ratio of 0.26 and a debt-to-equity ratio of 0.34. Dillard’s, Inc. has a 1-year low of $55.73 and a 1-year high of $98.75.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Monday, February 25th. The company reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.45. Dillard’s had a net margin of 2.63% and a return on equity of 10.22%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company posted $2.82 earnings per share. Dillard’s’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, research analysts forecast that Dillard’s, Inc. will post 5.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. Dillard’s’s dividend payout ratio is currently 6.54%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in Dillard’s by 31.4% during the first quarter. BNP Paribas Arbitrage SA now owns 8,860 shares of the company’s stock worth $638,000 after buying an additional 2,119 shares in the last quarter. Investors Research Corp acquired a new stake in Dillard’s during the first quarter worth $79,000. Sciencast Management LP acquired a new stake in Dillard’s during the first quarter worth $553,000. Geode Capital Management LLC boosted its stake in Dillard’s by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 177,329 shares of the company’s stock worth $10,694,000 after buying an additional 4,295 shares in the last quarter. Finally, Norges Bank acquired a new stake in Dillard’s during the fourth quarter worth $23,247,000. Hedge funds and other institutional investors own 90.50% of the company’s stock.

Several brokerages recently weighed in on DDS. Zacks Investment Research lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush lowered shares of Dillard’s from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a research report on Monday. JPMorgan Chase & Co. lowered shares of Dillard’s from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $68.00 to $57.00 in a research report on Monday, March 4th. TheStreet raised shares of Dillard’s from a “c+” rating to a “b” rating in a research report on Wednesday, February 27th. Finally, Bank of America restated an “underperform” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Dillard’s in a research note on Tuesday, February 26th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $64.00.

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About Dillard’s

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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