Dillard’s Sees Unusually High Options Volume (DDS)
Dillard’s, Inc. (NYSE:DDS) was the target of unusually large options trading activity on Monday. Stock traders purchased 1,721 call options on the company. This represents an increase of 2,164% compared to the average daily volume of 76 call options.
Shares of NYSE DDS opened at $68.79 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 1.90 and a debt-to-equity ratio of 0.34. Dillard’s has a 52-week low of $55.73 and a 52-week high of $98.75. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92.
Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Monday, February 25th. The company reported $3.22 EPS for the quarter, beating the Zacks’ 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $2.82 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, research analysts expect that Dillard’s will post 5.53 earnings per share for the current year.
Several brokerages have issued reports on DDS. Zacks Investment Research upgraded shares of Dillard’s from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday. Wedbush cut shares of Dillard’s from a “neutral” rating to an “underperform” rating and set a $65.00 price target for the company. in a research report on Monday. JPMorgan Chase & Co. cut shares of Dillard’s from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $68.00 to $57.00 in a research report on Monday, March 4th. TheStreet upgraded 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 target (up from $55.00) on shares of Dillard’s in a research report on Tuesday, February 26th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $64.00.
In related news, VP Mike Litchford sold 1,060 shares of the company’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 completion of the transaction, the vice president now directly owns 1,932 shares in the company, valued at approximately $142,600.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.10% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its stake in shares of Dillard’s by 120.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 248,819 shares of the company’s stock valued at $15,005,000 after purchasing an additional 135,900 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Dillard’s in the 4th quarter valued at $96,000. Teachers Advisors LLC boosted its stake in shares of Dillard’s by 3.1% in the 3rd quarter. Teachers Advisors LLC now owns 25,129 shares of the company’s stock valued at $1,918,000 after purchasing an additional 761 shares during the last quarter. Flossbach Von Storch AG boosted its stake in shares of Dillard’s by 19.5% in the 4th quarter. Flossbach Von Storch AG now owns 27,600 shares of the company’s stock valued at $1,665,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Dillard’s by 172.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,837 shares of the company’s stock valued at $140,000 after purchasing an additional 1,162 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.
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Dillard’s Company Profile
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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