James I. Freeman Sells 8,357 Shares of Dillard’s (NYSE:DDS) Stock

Dillard’s (NYSE:DDS) Director James I. Freeman sold 8,357 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $84.05, for a total value of $702,405.85. Following the transaction, the director now owns 270,224 shares of the company’s stock, valued at approximately $22,712,327.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:DDS traded down $3.35 on Friday, hitting $79.47. The stock had a trading volume of 451,428 shares, compared to its average volume of 514,619. The stock has a market capitalization of $2,263.62, a price-to-earnings ratio of 16.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.26 and a current ratio of 1.66. Dillard’s has a 52-week low of $45.51 and a 52-week high of $88.51.

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Dillard’s (NYSE:DDS) last announced its earnings results on Tuesday, February 27th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $1.00. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Dillard’s had a return on equity of 8.57% and a net margin of 3.45%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. equities analysts forecast that Dillard’s will post 5.82 earnings per share for the current fiscal year.

Dillard’s declared that its board has authorized a share buyback plan on Thursday, March 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Friday, March 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Dillard’s’s payout ratio is currently 8.33%.

Several equities analysts have recently weighed in on DDS shares. Zacks Investment Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating and set a $70.00 price target for the company in a report on Tuesday, December 19th. ValuEngine downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Telsey Advisory Group restated an “outperform” rating and set a $83.00 price target (up from $72.00) on shares of Dillard’s in a report on Wednesday, February 28th. Deutsche Bank raised their price target on Dillard’s from $51.00 to $52.00 and gave the company a “sell” rating in a report on Monday, February 26th. Finally, JPMorgan Chase reaffirmed an “underweight” rating on shares of Dillard’s in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Dillard’s currently has a consensus rating of “Buy” and an average price target of $60.25.

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Dillard’s by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock valued at $61,398,000 after buying an additional 191,168 shares in the last quarter. J. Goldman & Co LP purchased a new position in shares of Dillard’s during the 4th quarter valued at about $9,824,000. Schwab Charles Investment Management Inc. lifted its position in shares of Dillard’s by 9.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 140,795 shares of the company’s stock valued at $7,895,000 after buying an additional 11,573 shares in the last quarter. SG Americas Securities LLC raised its stake in Dillard’s by 4.5% during the 4th quarter. SG Americas Securities LLC now owns 129,668 shares of the company’s stock valued at $7,787,000 after purchasing an additional 5,526 shares during the period. Finally, California Public Employees Retirement System raised its stake in Dillard’s by 5.2% during the 4th quarter. California Public Employees Retirement System now owns 124,752 shares of the company’s stock valued at $7,491,000 after purchasing an additional 6,219 shares during the period. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

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About Dillard’s

Dillard's, Inc operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It operates through two segments, Retail Operations and Construction. 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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