Dillard’s, Inc. (NYSE:DDS) Experiences Lighter than Average Trading Volume

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Trading was light with 1,742 shares changing hands on Friday. Volume was down 99.60% under the stocks average daily volume.

Short traders are feeling a little more bullish lately if you evaluate the change in short interest. The stock saw a fall in short interest from August 31, 2017 to September 15, 2017 of -1.55%. Short interest fell 122,654 over that period. With short interest at 7,774,361 and short average daily volume at 689,864, days to cover is 11.0 and the percentage of shorted shares was 0.26% on September 15.

A few notable investment firms have updated their holdings. Kernodle & Katon Asset Management Group, LLC trimmed its holdings by shedding 1,468 shares a decrease of 3.2% in the quarter. Kernodle & Katon Asset Management Group, LLC now holds 44,004 shares valued at $2,299,000. The value of the position overall is down by 19.8%. As of quarter end Vident Investment Advisory, LLC had acquired a total of 834 shares growing its position 1.9%. The value in dollars went from $2,236,000 to $2,518,000 a change of $282,000 for the reporting period.

As of the end of the quarter Squarepoint Ops LLC had bought 74,441 shares growing its holdings by 1,340.3%. The value of the investment in Dillard’s, Inc. increased from $290,000 to $4,615,000 a change of 1,491.4% quarter to quarter. As of quarter end Cantab Capital Partners Llp had sold 220 shares trimming its stake by 12.8%. The value of the investment in DDS went from $90,000 to $87,000,000 increasing 96,566.7% since the last quarter.

On August 8 Deutsche Bank kept the stock rating at “Sell” and lowered the price target from $55.00 to $42.00.

The company is now down since yesterday’s close of 53.27. Additionally the company recently declared a dividend that will be paid on Monday the 30th of October 2017. The dividend will be $0.100 per share for the quarter which is $0.40 annualized. The dividend yield will be $0.74. The ex-dividend date will be on Thursday September 28th, 2017.

It is currently trading at $52.85 which is just a bit below $57.48, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $56.57. The 50 day moving average was down $-4.63 whereas the 200 day average was down by -6.57%.

Dillard’s, Inc. currently has a P/E ratio of 13.09 and market capitalization is 1.53B. As of the last earnings report the EPS was $4.04 and is projected to be $3.57 for the current year with 29,021,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.67 and the next full year EPS is anticipated to be $3.78.

Dillard’s, Inc., launched on January 13, 1964, 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. The Business’s segments include the Retail operations segment and the Construction segment. The Retail operations segment includes the operation of the Business’s retail department stores. The Construction segment includes the operations of CDI Contractors, LLC (CDI), a general contracting construction company. CDI’s business includes constructing and remodeling stores for the Company..