Dillard’s Sees Unusually High Options Volume (DDS)

Dillard’s, Inc. (NYSE:DDS) saw unusually large options trading activity on Thursday. Stock investors purchased 2,871 put options on the stock. This is an increase of approximately 1,187% compared to the average daily volume of 223 put options.

In other Dillard’s news, Director Warren A. Stephens bought 10,000 shares of Dillard’s stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average price of $76.41 per share, for a total transaction of $764,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Connor bought 1,000 shares of Dillard’s stock in a transaction that occurred on Friday, August 24th. The shares were acquired at an average price of $75.42 per share, with a total value of $75,420.00. Following the acquisition, the director now directly owns 68,000 shares of the company’s stock, valued at approximately $5,128,560. The disclosure for this purchase can be found here. 19.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in Dillard’s by 69.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock valued at $126,000 after acquiring an additional 545 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Dillard’s by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 51,160 shares of the company’s stock valued at $4,835,000 after acquiring an additional 765 shares during the last quarter. United Services Automobile Association lifted its stake in Dillard’s by 28.1% in the second quarter. United Services Automobile Association now owns 4,896 shares of the company’s stock valued at $463,000 after acquiring an additional 1,073 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in Dillard’s by 4.1% in the second quarter. Horrell Capital Management Inc. now owns 30,610 shares of the company’s stock valued at $2,893,000 after acquiring an additional 1,205 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Dillard’s in the second quarter valued at $126,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Shares of DDS opened at $78.25 on Friday. Dillard’s has a 12 month low of $51.33 and a 12 month high of $98.75. The firm has a market cap of $2.10 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.26 and a beta of 0.87. The company has a quick ratio of 0.23, a current ratio of 1.71 and a debt-to-equity ratio of 0.34.

Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 16th. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.33. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Dillard’s had a net margin of 3.84% and a return on equity of 10.20%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.58) earnings per share. As a group, equities research analysts predict that Dillard’s will post 6.16 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 5th. Shareholders of record on Friday, September 28th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Thursday, September 27th. Dillard’s’s dividend payout ratio is currently 8.33%.

Several brokerages recently commented on DDS. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Wedbush began coverage on shares of Dillard’s in a report on Wednesday, August 8th. They set an “outperform” rating and a $95.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Dillard’s to $60.00 and gave the stock an “underweight” rating in a report on Thursday, August 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Dillard’s has an average rating of “Hold” and an average target price of $71.86.

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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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