Finance

Analyzing the Insider Data for Dillard’s, Inc. (DDS)

Recent insider trends for Dillard’s, Inc. (NYSE:DDS) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of DDS, the data has some interesting implications for where the stock might be headed.

Institutions own 104.94% of Dillard’s, Inc. (DDS)’s shares. The total value of these holdings, in millions, is $1,662. Among active positions in the latest quarter, 81 holders increased their positions by a total of 2.62 million shares, 105 holders decreased the positions by a total of 3.71 million shares, and 35 holders held their positions. This works out to a net decrease in ownership of 1.09 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 38 holders initiated new positions by a total of 731221 shares and 32 holders exited their positions by a total of 859308 shares. This nets out to a decrease of 128087 shares and is another bearish sign for DDS.

In the last three months, insiders executed a total of 66 trades. 65 of these were buys and 1 were sells. Insider ownership increased by a total of 11170 shares, which suggests that DDS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 201 buys and 5 sells, and ownership increased by a net of 8030 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Dillard’s, Inc. (NYSE:DDS)’s short interest is 7.51 million shares, or 69.69% of the float. This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for DDS. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that DDS is a buy, which implies that DDS is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Dillard’s, Inc. (NYSE:DDS) is undervalued.

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