Dillard's, Inc. (NYSE:DDS)’s share price was up 6.1% during trading on Friday . The company traded as high as $71.93 and last traded at $70.00. Approximately 1,381,714 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 836,835 shares. The stock had previously closed at $66.00.
Separately, Zacks Investment Research raised shares of Dillard's from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.60.
The company has a debt-to-equity ratio of 0.36, a current ratio of 1.42 and a quick ratio of 0.14. The stock has a market cap of $1,880.00, a price-to-earnings ratio of 18.62, a PEG ratio of 6.52 and a beta of 1.25.
Dillard's (NYSE:DDS) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Dillard's had a net margin of 1.92% and a return on equity of 7.40%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts forecast that Dillard's, Inc. will post 3.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Friday, December 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, December 28th. Dillard's’s dividend payout ratio is currently 10.64%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDS. JPMorgan Chase & Co. grew its holdings in Dillard's by 341.0% in the second quarter. JPMorgan Chase & Co. now owns 719,151 shares of the company’s stock worth $41,488,000 after purchasing an additional 556,072 shares during the last quarter. Koch Industries Inc. purchased a new position in Dillard's in the second quarter worth $243,000. Bank of New York Mellon Corp grew its holdings in Dillard's by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock worth $61,398,000 after purchasing an additional 191,168 shares during the last quarter. BlackRock Inc. grew its holdings in Dillard's by 4.0% in the second quarter. BlackRock Inc. now owns 2,163,602 shares of the company’s stock worth $124,820,000 after purchasing an additional 83,653 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Dillard's by 169.8% in the third quarter. SG Americas Securities LLC now owns 124,142 shares of the company’s stock worth $6,961,000 after purchasing an additional 78,136 shares during the last quarter. 90.18% of the stock is currently owned by institutional investors and hedge funds.
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Dillard's Company Profile
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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