Dillard’s Inc. [NYSE: DDS] stock went on an upward path that rose over 22.75% on Friday, amounting to a one-week price increase of more than 18.00%. The company report on May 15, 2021 that Dillard’s, Inc. Announces New $500 Million Share Repurchase Program and Declares $0.15 Cash Dividend.
Dillard’s, Inc. (DDS-NYSE) (the “Company” or “Dillard’s”) announced that the Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $500 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. At May 1, 2021, authorization of $114.3 million remained under the Company’s March 2018 share repurchase plan.
The Board of Directors also declared a cash dividend of $0.15 per share on the Class A and Class B Common Stock of the Company payable August 2, 2021 to shareholders of record as of June 30, 2021. This marks the Company’s 209th consecutive quarterly dividend since becoming a public company in 1969.
Over the last 12 months, DDS stock rose by 443.11%. The one-year Dillard’s Inc. stock forecast points to a potential downside of -79.07. The average equity rating for DDS stock is currently 3.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.23 billion, with 22.00 million shares outstanding and 12.62 million shares in the current float. Compared to the average trading volume of 308.54K shares, DDS stock reached a trading volume of 1195796 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Dillard’s Inc. [DDS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DDS shares is $70.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DDS stock is a recommendation set at 3.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Dillard’s Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 14, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $54 to $80. The new note on the price target was released on February 23, 2021, representing the official price target for Dillard’s Inc. stock. Previously, the target price had yet another raise from $31 to $60, while Deutsche Bank kept a Hold rating on DDS stock. On August 14, 2020, analysts increased their price target for DDS shares from 30 to 34.
The Average True Range (ATR) for Dillard’s Inc. is set at 6.68, with the Price to Sales ratio for DDS stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 20.21. Price to Free Cash Flow for DDS in the course of the last twelve months was 12.40 with Quick ratio for the last quarter at 0.70.
DDS Stock Performance Analysis:
Dillard’s Inc. [DDS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.00. With this latest performance, DDS shares gained by 30.79% in over the last four-week period, additionally plugging by 172.38% over the last 6 months – not to mention a rise of 443.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DDS stock in for the last two-week period is set at 70.73, with the RSI for the last a single of trading hit 74.92, and the three-weeks RSI is set at 67.79 for Dillard’s Inc. [DDS]. The present Moving Average for the last 50 days of trading for this stock 96.58, while it was recorded at 106.71 for the last single week of trading, and 62.49 for the last 200 days.
Insight into Dillard’s Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Dillard’s Inc. [DDS] shares currently have an operating margin of -1.87 and a Gross Margin at +25.96. Dillard’s Inc.’s Net Margin is presently recorded at -1.62.
Return on Total Capital for DDS is now -3.86, given the latest momentum, and Return on Invested Capital for the company is -3.36. Return on Equity for this stock declined to -4.68, with Return on Assets sitting at -2.20. When it comes to the capital structure of this company, Dillard’s Inc. [DDS] has a Total Debt to Total Equity ratio set at 42.59. Additionally, DDS Total Debt to Total Capital is recorded at 29.87, with Total Debt to Total Assets ending up at 19.85. Long-Term Debt to Equity for the company is recorded at 41.58, with the Long-Term Debt to Total Capital now at 29.16.
Reflecting on the efficiency of the workforce at the company, Dillard’s Inc. [DDS] managed to generate an average of -$2,471 per employee. Receivables Turnover for the company is 43.95 with a Total Asset Turnover recorded at a value of 1.36.Dillard’s Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 2.20.
DDS Stock EPS
With the latest financial reports released by the company, Dillard’s Inc. posted -0.37/share EPS, while the average EPS was predicted by analysts to be reported at -4.82/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 92.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DDS.
Dillard’s Inc. [DDS] Insider Position Details
There are presently around $1,732 million, or 78.00% of DDS stock, in the hands of institutional investors. The top three institutional holders of DDS stocks are: NEWPORT TRUST CO with ownership of 6,689,060, which is approximately -8.481% of the company’s market cap and around 18.90% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 1,316,690 shares of the stock with an approximate value of $165.05 million in DDS stocks shares; and BLACKROCK INC., currently with $84.17 million in DDS stock with ownership of nearly 24.372% of the company’s market capitalization.
Positions in Dillard’s Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 78 institutional holders increased their position in Dillard’s Inc. [NYSE:DDS] by around 1,964,400 shares. Additionally, 79 investors decreased positions by around 2,953,638 shares, while 17 investors held positions by with 8,901,266 shares. The mentioned changes placed institutional holdings at 13,819,304 shares, according to the latest SEC report filing. DDS stock had 47 new institutional investments in for a total of 712,994 shares, while 29 institutional investors sold positions of 1,790,253 shares during the same period.