Dillard’s, Inc. (DDS) Shares Up 0% After Better-Than-Expected Earnings
Dillard’s, Inc. (NYSE:DDS)’s share price shot up 0% on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $57.53 and last traded at $57.22. 2,122,229 shares were traded during trading, an increase of 296% from the average session volume of 535,473 shares. The stock had previously closed at $57.22.
The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Dillard’s had a return on equity of 7.32% and a net margin of 1.92%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, September 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s payout ratio is currently 10.64%.
Several research firms have recently commented on DDS. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Deutsche Bank AG lifted their price target on Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Dillard’s from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.60.
In related news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the sale, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.27% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Dillard’s by 4.0% in the 2nd quarter. BlackRock Inc. now owns 2,163,602 shares of the company’s stock valued at $124,820,000 after buying an additional 83,653 shares during the period. Dimensional Fund Advisors LP raised its holdings in Dillard’s by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,774,012 shares of the company’s stock valued at $102,346,000 after buying an additional 30,568 shares during the period. Vanguard Group Inc. raised its holdings in Dillard’s by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 1,552,773 shares of the company’s stock valued at $81,117,000 after buying an additional 85,874 shares during the period. Bank of New York Mellon Corp raised its holdings in Dillard’s by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock valued at $61,398,000 after buying an additional 191,168 shares during the period. Finally, State Street Corp raised its holdings in Dillard’s by 9.3% in the 2nd quarter. State Street Corp now owns 800,724 shares of the company’s stock valued at $46,201,000 after buying an additional 68,006 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.
The firm has a market cap of $1,660.58, a price-to-earnings ratio of 15.06, a PEG ratio of 6.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.21 and a current ratio of 1.57.
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Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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