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 changing hands. The stock had previously closed at $364.04.

Analyst Ratings Changes

A number of brokerages recently issued reports on DDS. Telsey Advisory Group restated a “market perform” rating and set a $450.00 price target on shares of Dillard’s in a report on Wednesday, February 26th. UBS Group raised their price objective on Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a research report on Friday, February 28th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th.

Dillard’s Trading Down 11.9 %

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 capitalization of $5.10 billion, a PE ratio of 8.29 and a beta of 0.89. The firm has a 50 day simple moving average of $423.26 and a 200 day simple moving average of $417.34.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping the consensus estimate of $9.84 by $3.64. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. Dillard’s’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $15.44 EPS. Equities analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, March 31st. Dillard’s’s payout ratio is currently 2.71%.

Insider Buying and Selling at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the firm’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 directly owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dillard’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Dillard’s by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Dillard’s in the fourth quarter worth about $36,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Dillard’s during the 4th quarter valued at approximately $70,000. KBC Group NV boosted its holdings in Dillard’s by 85.3% in the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after purchasing an additional 99 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in Dillard’s during the fourth quarter worth about $108,000. Institutional investors own 67.15% of the company’s stock.

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.