Traders Purchase Large Volume of Dillard’s Call Options (NYSE:DDS)
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.
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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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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