In a recent transaction disclosed in a Form 4 filing with the Securities and Exchange Commission, Tom W. Bolin, Vice President of Dillard's, Inc. (NYSE:DDS), sold 300 shares of the company's Common Class A stock. The shares were sold at a price of $433.45 each, amounting to a total transaction value of $130,035. Following this sale, Bolin retains direct ownership of 1,167 shares in the company. Additionally, he holds 6,712 shares in a retirement plan. The sale comes as Dillard's stock trades near its 52-week high of $476.48, with the company showing great financial health according to InvestingPro analysis. The retailer maintains a market capitalization of $7.2 billion and has demonstrated strong returns over both three-month and five-year periods.
Dillard's, headquartered in Little Rock, Arkansas, is a well-known retail department store chain that has maintained dividend payments for 54 consecutive years, with a current dividend yield of 6%. The transaction was reported for January 14, 2025. For deeper insights into insider trading patterns and additional financial metrics, InvestingPro subscribers have access to over 10 more exclusive tips and comprehensive financial analysis tools.
In other recent news, Dillard's Inc. has reported strong Q3 earnings, surpassing analyst expectations with earnings per share of $7.73, compared to the predicted $6.47. Revenue for the quarter was in line with estimates, coming in at $1.43 billion. Despite a 4% YoY decrease in total retail sales to $1.36 billion, the company maintained a focus on gross margin and expense control. The company's net income fell to $124.6 million from $155.3 million in the same quarter of the previous year.
Telsey Advisory Group recently adjusted its price target for Dillard's Inc., increasing it to $450 from the previous $450, maintaining a Market Perform rating. This revision followed Dillard's third-quarter performance, which demonstrated resilience despite structural challenges within the department store sector.
In addition to these developments, Dillard's ended the quarter with over $1.1 billion in cash and short-term investments, following a $107 million stock repurchase. As the holiday season approaches, the company's strategy focusing on gross margin and inventory control will be critical. These are among the recent developments for Dillard's Inc.
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