Dillard’s (NYSE:DDS) Sets New 12-Month Low – Here’s Why

Dillard’s, Inc. (NYSE:DDS)’s stock price 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 traded. The stock had previously closed at $364.04.

Analyst Ratings Changes

DDS has been the subject of several recent analyst reports. UBS Group upped their price target on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a report on Wednesday, February 26th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.

Dillard’s Stock Performance

The stock has a market cap of $5.10 billion, a P/E ratio of 8.29 and a beta of 0.89. The stock has a fifty day simple moving average of $423.26 and a 200-day simple moving average of $417.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Dillard’s (NYSE:DDS) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned $15.44 EPS. Dillard’s’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. Dillard’s’s payout ratio is 2.71%.

Insider Activity at Dillard’s

In related news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the transaction, the vice president now directly owns 1,167 shares of the company’s stock, valued at $505,836.15. This trade represents a 20.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 33.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dillard’s

Several large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Dillard’s by 3.7% in the 3rd quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after acquiring an additional 2,758 shares in the last quarter. Consolidated Planning Corp raised its holdings in Dillard’s by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company’s stock valued at $654,000 after acquiring an additional 919 shares during the period. Pacer Advisors Inc. grew its holdings in Dillard’s by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock valued at $151,975,000 after buying an additional 25,212 shares in the last quarter. Stifel Financial Corp boosted its holdings in Dillard’s by 10.1% in the 3rd quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock valued at $1,957,000 after purchasing an additional 467 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Dillard’s in the 4th quarter worth about $7,270,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Company Profile

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.