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: ), sold 300 shares of the company’s Common Class A stock. The shares were sold at a price of $433.45 each, for a total transaction value of $130,035. Following this sale, Bolin retains direct ownership of 1,167 shares of the company. In addition, he holds 6,712 shares in the pension plan. The sale comes as Dillard’s shares are trading near a 52-week high of $476.48, and the company is showing excellent financial health according to InvestingPro analysis. The retailer maintains a market cap of $7.2 billion and has shown strong returns over the three-month and five-year periods.
Dillard’s, based in Little Rock, Arkansas, is a well-known department store retail 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 more than 10 exclusive tips and comprehensive financial analysis tools.
In other recent news, Dillard’s Inc. reported strong third-quarter earnings, beating analysts’ expectations with earnings per share of $7.73, compared to the $6.47 forecast. Revenue for the quarter was in line with estimates at $1.43 billion. Despite a 4% year-over-year decline in total retail sales to $1.36 billion, the company maintained its focus on gross margin and cost control. The company’s net income fell to $124.6 million from $155.3 million in the same quarter last year.
Telsey Advisory Group recently adjusted their price target on Dillard’s Inc., increasing it to $450 from $450 previously, while maintaining a market perform rating. This revision follows Dillard’s third-quarter results, which showed resilience despite structural challenges within the department store sector.
With these developments, Dillard’s ended the quarter with more than $1.1 billion in cash and short-term investments, following a $107 million share repurchase. As the holiday season approaches, the company’s strategy focused on gross margin and inventory control will be critical. These are among recent developments for Dillard’s Inc.
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