Dillard’s Stock Is Consolidating a Failed Take-Out Deal

Dillard’s, Inc. is one of the mall anchors hurt by the swell of online retail sales from Amazon.com, Inc. . When you look at the daily chart below, you will see a huge upside price move that peaked in July. This was fueled by activist investors looking to buy Dillard’s as a play on its mall real estate. This deal fell by the wayside, leading the stock into bear market territory.

The stock closed Monday at $60.09, up 7% over the past 52 weeks and in bull market territory at 32% above its 52-week low of $45.51 set on May 12. However, the stock had been trading as high as $83.44 on July 31 on the take-over chatter and is in bear market territory since then, down 28%. (See also: Dillard’s Strategies on Track, Boosts Shareholders’ Returns.)

Dillard’s stock spiked in July on a buyout attempt and now has a reasonable P/E ratio of 15.23 with a puny dividend yield. …read more

Read more here: Dillard’s Stock Is Consolidating a Failed Take-Out Deal

Category: DDS, AMZN

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