Dillard’s Target of Unusually Large Options Trading (NYSE:DDS)
Dillard’s, Inc. (NYSE:DDS) was the recipient of unusually large options trading activity on Friday. Traders purchased 5,938 call options on the stock. This is an increase of 670% compared to the typical daily volume of 771 call options.
In other news, major shareholder David Einhorn sold 35,125 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.63% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after buying an additional 281 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Dillard’s during the first quarter valued at about $125,000. Advantus Capital Management Inc purchased a new position in shares of Dillard’s during the first quarter valued at about $169,000. Bank of Montreal Can boosted its position in shares of Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after buying an additional 708 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Dillard’s during the first quarter valued at about $228,000. 93.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dillard’s (NYSE DDS) opened at 73.02 on Wednesday. Dillard’s has a 1-year low of $45.51 and a 1-year high of $77.70. The stock has a 50 day moving average of $56.58 and a 200-day moving average of $54.34. The firm has a market capitalization of $2.13 billion, a P/E ratio of 15.35 and a beta of 1.06.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, May 11th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. Dillard’s had a return on equity of 9.39% and a net margin of 2.50%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm posted $2.17 earnings per share. Dillard’s’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts expect that Dillard’s will post $4.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be given a $0.07 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.28 annualized dividend and a yield of 0.38%. Dillard’s’s payout ratio is 5.76%.
Several equities analysts have recently weighed in on DDS shares. BidaskClub lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Deutsche Bank AG lowered their price target on shares of Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Dillard’s currently has a consensus rating of “Hold” and a consensus price target of $58.67.
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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