Dillard’s, Inc. (NYSE:DDS) saw some unusual options trading activity on Tuesday. Investors purchased 3,820 call options on the company. This is an increase of approximately 1,598% compared to the typical volume of 225 call options.

Shares of Dillard’s stock opened at $59.23 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.78 and a quick ratio of 0.22. The stock has a market capitalization of $1.49 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97. Dillard’s has a 1 year low of $53.96 and a 1 year high of $98.75.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $2.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.89 earnings per share. Equities research analysts expect that Dillard’s will post 5.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, June 28th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. Dillard’s’s payout ratio is 6.54%.

In other Dillard’s news, Director Robert C. Connor acquired 800 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $56.86 per share, with a total value of $45,488.00. Following the purchase, the director now owns 70,200 shares of the company’s stock, valued at $3,991,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mike Litchford sold 1,060 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 1,932 shares of the company’s stock, valued at approximately $142,600.92. The disclosure for this sale can be found here. 20.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new stake in Dillard’s during the 1st quarter valued at about $1,936,000. Marshall Wace LLP purchased a new stake in shares of Dillard’s during the 1st quarter valued at about $12,535,000. Jane Street Group LLC boosted its holdings in shares of Dillard’s by 142.2% during the 1st quarter. Jane Street Group LLC now owns 5,123 shares of the company’s stock valued at $369,000 after acquiring an additional 3,008 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Dillard’s during the 1st quarter valued at about $235,000. Finally, Maverick Capital Ltd. boosted its holdings in shares of Dillard’s by 27.7% during the 1st quarter. Maverick Capital Ltd. now owns 178,980 shares of the company’s stock valued at $12,890,000 after acquiring an additional 38,770 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

DDS has been the subject of a number of research reports. Bank of America reaffirmed an “underperform” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Dillard’s in a research note on Tuesday, February 26th. 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, April 22nd. JPMorgan Chase & Co. cut shares of Dillard’s from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $68.00 to $57.00 in a research report on Monday, March 4th. Deutsche Bank increased their price target on shares of Dillard’s from $55.00 to $62.00 and gave the company a “sell” rating in a research report on Tuesday, February 26th. Finally, Zacks Investment Research cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and a consensus price target of $61.33.

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About Dillard’s

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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