Bank of America Corp DE lowered its stake in Dillard’s, Inc. (NYSE:DDS) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,759 shares of the company’s stock after selling 3,184 shares during the period. Bank of America Corp DE owned approximately 0.48% of Dillard’s worth $12,640,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DDS. BlackRock Inc. increased its holdings in shares of Dillard’s by 8.6% in the second quarter. BlackRock Inc. now owns 2,082,876 shares of the company’s stock worth $196,832,000 after buying an additional 164,561 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Dillard’s in the first quarter worth about $6,075,000. Renaissance Technologies LLC purchased a new position in shares of Dillard’s in the second quarter worth about $6,076,000. James Investment Research Inc. increased its holdings in shares of Dillard’s by 55,315.1% in the second quarter. James Investment Research Inc. now owns 29,370 shares of the company’s stock worth $2,775,000 after buying an additional 29,317 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Dillard’s by 753.0% during the 1st quarter. Russell Investments Group Ltd. now owns 31,049 shares of the company’s stock valued at $2,495,000 after purchasing an additional 27,409 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.
Shares of NYSE:DDS opened at $72.87 on Friday. Dillard’s, Inc. has a 1 year low of $49.91 and a 1 year high of $98.75. The stock has a market cap of $2.10 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.26 and a beta of 0.85. The company has a current ratio of 1.71, a quick ratio of 0.23 and a debt-to-equity ratio of 0.34.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.33. Dillard’s had a return on equity of 10.20% and a net margin of 3.84%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business earned ($0.58) EPS. Dillard’s’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that Dillard’s, Inc. will post 6.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, September 28th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. Dillard’s’s dividend payout ratio is presently 8.33%.
A number of brokerages recently issued reports on DDS. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Wedbush began coverage on Dillard’s in a report on Wednesday, August 8th. They set an “outperform” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Dillard’s to $60.00 and gave the company an “underweight” rating in a report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.43.
In other news, Director Warren A. Stephens acquired 10,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were acquired at an average cost of $76.41 per share, with a total value of $764,100.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Connor acquired 1,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were purchased at an average cost of $75.42 per share, for a total transaction of $75,420.00. Following the completion of the transaction, the director now owns 68,000 shares in the company, valued at approximately $5,128,560. The disclosure for this purchase can be found here. 19.10% of the stock is owned by insiders.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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