Shares of Dillard’s, Inc. (NYSE:DDS) were down 10.8% on Wednesday . The company traded as low as $82.30 and last traded at $82.98. Approximately 910,152 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 568,958 shares. The stock had previously closed at $93.05.

A number of analysts have weighed in on DDS shares. Zacks Investment Research cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Bank of America upgraded Dillard’s from an “underperform” rating to a “buy” rating and raised their price target for the company from $77.37 to $89.00 in a research note on Monday, May 21st. ValuEngine cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Susquehanna Bancshares restated a “neutral” rating and issued a $60.00 price target on shares of Dillard’s in a research note on Thursday, June 7th. Finally, TheStreet cut Dillard’s from a “b” rating to a “c+” rating in a research note on Thursday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.43.

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.21 and a current ratio of 1.60. The stock has a market cap of $2.37 billion, a PE ratio of 15.99, a P/E/G ratio of 1.37 and a beta of 0.93.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.33. Dillard’s had a net margin of 3.65% and a return on equity of 9.45%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm earned ($0.58) EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts expect that Dillard’s, Inc. will post 6.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 6th. Stockholders of record on Friday, June 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. Dillard’s’s payout ratio is 8.33%.

In other news, VP Tom W. Bolin sold 495 shares of Dillard’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $92.22, for a total transaction of $45,648.90. Following the completion of the sale, the vice president now directly owns 569 shares in the company, valued at approximately $52,473.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michael S. Mcniff sold 10,000 shares of Dillard’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $93.31, for a total value of $933,100.00. Following the transaction, the vice president now owns 20,357 shares of the company’s stock, valued at $1,899,511.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,226 shares of company stock valued at $10,699,113. Insiders own 19.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Dillard’s by 69.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock worth $126,000 after purchasing an additional 545 shares during the last quarter. Zacks Investment Management raised its position in shares of Dillard’s by 11.3% during the 2nd quarter. Zacks Investment Management now owns 17,247 shares of the company’s stock worth $1,630,000 after purchasing an additional 1,750 shares during the last quarter. Vident Investment Advisory LLC raised its position in shares of Dillard’s by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 51,160 shares of the company’s stock worth $4,835,000 after purchasing an additional 765 shares during the last quarter. Paloma Partners Management Co raised its position in shares of Dillard’s by 125.3% during the 2nd quarter. Paloma Partners Management Co now owns 8,474 shares of the company’s stock worth $801,000 after purchasing an additional 4,713 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Dillard’s by 26.0% during the 2nd quarter. Macquarie Group Ltd. now owns 6,300 shares of the company’s stock worth $595,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

About Dillard’s (NYSE:DDS)

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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