Buyback Radar

Dillard's

DDS

Dillard's has retired 85.4% of its shares since 1999, from 106,923,648 to 15,655,000.

85.4%retired since 1999
31.0%last 5 years
2.9%last 12 months
16Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2004half gone 2012three quarters gone 2019107M shares, 199916M200020052010201520202025
1999, 106,923,6482026-01-31, 15,655,000

Early years use the fiscal-year average share count from the 10-K.

A share bought in 1999
6.8× more of Dillard's today, without buying another share. It was one of 106,923,648 shares then. It is one of 15,655,000 now.
Every filing we read28 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-03-31106,923,64810-K405cover page
20002000-03-3193,595,64910-K405cover page
20012001-03-3085,022,82910-K405cover page
20022002-03-2884,210,84510-Kcover page
20032003-02-2884,757,66110-Kcover page
20042004-02-2883,490,99810-Kcover page
20052005-07-3079,294,36210-Kcover page
20062006-07-2980,142,47510-Kcover page
20072007-08-0475,166,27610-K/Acover page
20082008-08-0273,454,48910-Kcover page
20092009-08-0173,909,29010-Kcover page
20102010-01-3073,784,00010-Kfiscal-year average
20112011-01-2966,922,00010-Kfiscal-year average
20122012-01-2853,515,00010-Kfiscal-year average
20132013-02-0248,125,00010-Kfiscal-year average
20142014-02-0145,586,00010-Kfiscal-year average
20152015-01-3142,603,00010-Kfiscal-year average
20162016-01-3039,005,00010-Kfiscal-year average
20172017-01-2834,308,00010-Kfiscal-year average
20182018-02-0329,487,00010-Kfiscal-year average
20192019-02-0227,312,00010-Kfiscal-year average
20202020-02-0125,364,00010-Kfiscal-year average
20212021-01-3022,697,00010-Kfiscal-year average, scale corrected
20222022-01-2920,592,00010-Kfiscal-year average, scale corrected
20232023-01-2817,549,00010-Kfiscal-year average, scale corrected
20242024-02-0316,517,00010-Kfiscal-year average, scale corrected
20252025-02-0116,120,00010-Kfiscal-year average, scale corrected
20262026-01-3115,655,00010-Kfiscal-year average, scale corrected

Source: all 10-K filings of Dillard's on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2009cash flow statement against share count
$4.5Bspent on buybacks
58Mfewer shares outstanding
$78spent per share that actually disappeared

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

How Dillard's turned a department store that barely grew into a 23-bagger, and why the buybacks have now stopped.

74 million shares. Then 15. Then a $30 dividend.