Insider Buying: Dillard’s, Inc. (NYSE:DDS) Director Buys 100 Shares of Stock

Dillard’s, Inc. (NYSE:DDS) Director Robert C. Connor acquired 100 shares of Dillard’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $346.82 per share, with a total value of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares of the company’s stock, valued at $27,051,960. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dillard’s Stock Performance

Shares of DDS stock traded down $4.61 on Monday, hitting $348.63. The company’s stock had a trading volume of 199,451 shares, compared to its average volume of 105,564. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 2.40. The stock’s 50 day moving average is $411.84 and its 200-day moving average is $422.72. Dillard’s, Inc. has a fifty-two week low of $286.39 and a fifty-two week high of $476.48. The company has a market capitalization of $5.66 billion, a PE ratio of 7.97 and a beta of 0.90.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard’s had a return on equity of 38.66% and a net margin of 10.68%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $7.98 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts expect that Dillard’s, Inc. will post 34.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDS has been the topic of several research reports. UBS Group decreased their price target on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday. Telsey Advisory Group decreased their price target on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research note on Friday.

Institutional Investors Weigh In On Dillard’s

Several institutional investors and hedge funds have recently bought and sold shares of the company. Newport Trust Company LLC lifted its position in Dillard’s by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock worth $2,019,147,000 after purchasing an additional 47,951 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after acquiring an additional 52,974 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Dillard’s by 36.0% in the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after acquiring an additional 32,900 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Dillard’s by 4.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 121,527 shares of the company’s stock worth $49,054,000 after acquiring an additional 4,924 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Dillard’s by 1.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock worth $46,798,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors own 67.15% of the company’s stock.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.