Anyone interested in Dillard's, Inc. (NYSE:DDS) should probably be aware that a company insider, Harry Hastings, recently divested US$217k worth of shares in the company, at an average price of US$72.20 each. That sale was 17% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At Dillard's
Notably, that recent sale by Harry Hastings is the biggest insider sale of Dillard's shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$69.42. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
All up, insiders sold more shares in Dillard's than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Dillard's insiders own 17% of the company, currently worth about US$301m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Dillard's Insider Transactions Indicate?
An insider sold Dillard's shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Dillard's.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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